The Philippine Stock Exchange index (PSEi) dropped to the 6,000 level on Thursday, Sept. 25, weighed down by the continued weakness of the peso and investor caution amid ongoing Senate hearings on corruption allegations. The main index lost 66.44 points, or 1.09 percent, to close at 6,042.28. The...
Despite ongoing corruption scandals, the Asian Development Bank (ADB) expressed continued confidence in the Philippines and reaffirmed its commitment to actively assist the government in resolving issues. Speaking on the sidelines of the Arangkada Philippines investment forum on Thursday, Sept. 25,...
The Philippine Stock Exchange index (PSEi) continued its descent as the peso weakened, with investors awaiting positive news amid a corruption scandal. The main index shed 9.82 points, or 0.16 percent, to close at 6,108.72 on Wednesday, Sept. 24, as the Property sector led the decline among all...
The Philippine Stock Exchange Index (PSEI) fell on Tuesday, Sept. 23, as a deepening corruption scandal involving the legislative and executive branches of government weighed on investor sentiment. The main index plunged by 96.29 points, or 1.55 percent, to close at 6,118.54. Banks suffered the...
The Marcos administration is confronting corruption head-on, according to Department of Economy, Planning, and Development (DEPDev) Secretary Arsenio Balisacan, the government’s chief economist. Balisacan told Manila Bulletin on Monday, Sept. 22, that the government is seeking public support to...
The Marcos Jr. administration will borrow $650 million, or over ₱37 billion, from the World Bank next year to sustain the conditional cash transfers for the Pantawid Pamilyang Pilipino Program (4Ps) and ensure that its youth beneficiaries land jobs. According to a Sept. 20 project information...
The local stock market ended the week at a high note as investor sentiment improved amid expectations of more rate cuts coupled with a steady credit rating for the Philippines. The main index added 30.87 points, or 0.5 percent, to close at 6,264.49 on Friday, Sept. 19. Sectoral indices were evenly...
State-owned Development Bank of the Philippines (DBP) has been recognized for its best practices in human resources management, particularly in utilizing employee engagement and organizational development in building a future-ready institution, a top official said. DBP President and Chief Executive...
The Philippine Stock Exchange index (PSEi) rose for the third straight day on Thursday, Sept. 18, after the United States Federal Reserve (US Fed) cut interest rates, as expected. The main index added 22.96 points, or 0.37 percent, to close at 6,233.62. Sector indices were evenly mixed, while...
The Philippine Stock Exchange index (PSEi) rose further on Wednesday, Sept. 17, on hopes that the Bangko Sentral ng Pilipinas (BSP) will slash rates further in tandem with the United States Federal Reserve (US Fed). The main index jumped by 61.92 points, or 1.01 percent, to close at 6,210.66. The...
In a city that never seems to pause, more people are craving escapes where mornings are quiet and life moves slower. Just approximately an hour away from Metro Manila through CALAX East, CBTX, and the CAVITEX link, Silang has been gaining attention for its cool climate and proximity to Tagaytay,...
State-run think tank Philippine Institute for Development Studies (PIDS) has called for sweeping reforms in the Department of Education’s (DepEd) national assessment system, urging stronger test development, quality assurance, and data utilization to better support student learning and guide...
