Local shares prices rose despite the higher jobless rate as investors opted to pick up bargains. The PSEi increased 45.80 points or 0.68 percent to close at 6,809.72 as the Property sector leading the advance while only the Mining and Oil counter weighing down the market. Volume improved slightly...
Billions of investments in nature are needed to help countries avoid another pandemic while also generating revenues, according to biodiversity financing strategist BIOFIN Philippines. In a statement, the Biodiversity Finance Initiative (BIOFIN), a project of the Department of Environment and...
Local share prices eased as some investors took profit while most stayed on the sidelines at the start of the week. The PSEi dropped 32.42 points or 0.48 percent to close at 6,763.92 with only the Mining and Oil and Industrial counters staying in the green. Volume fell to 1.86 billion shares worth...
ERC hints ‘pricing play’ The country’s giant power firms have been tagged as the culprits in last week’s rotational brownouts with “forced outages’ of their power plants going beyond the time allowance prescribed by the Energy Regulatory Commission (ERC). In a Congressional hearing on...
The Department of Social Welfare and Development (DSWD) has launched its first Family Development Session TV (FDS TV) to promote financial literacy among the beneficiaries of the Pantawid Pamilyang Pilipino Program (4Ps). (Screenshot from DSWD/Pantawid Pamilyang Pilipino Program Facebook page)...
The local stock market barely moved Friday, (June 4) after the government’s announcement of the inflation rate for the month of May. The main index inched up 4.47 points or 0.07 percent to close at 6,796.34 as sectoral indices were evenly mixed with Banks leading advancers and Mining stock...
The local stock market declined as investors stepped on the brakes to pocket some gains from the surge in past days. The main index dropped 49.82 points or 0.73 percent to close at 6,791.87 as the Property sector led the retreat although the Mining and Oil counter posted strong gains while the...
Marcventures Mining and Development Corporation (MMDC), a subsidiary of listed nickel miner Marcventures Holdings Inc. (MHI), is targeting to ship 2.035 million wet metric tons (WMT) of nickel ore this year, higher than the 1.732 million WMT it shipped in 2020. In a statement, MMDC said that for...
Local share prices rallied due to favorable developments at home and overseas. The PSEi surged 214.26 points or 3.23 percent to close at 6,841.69 as share prices rose across the board with the Property and Holding Firms counters leading the charge. A hefty 1.9 billion shares worth P9.51 billion...
The local stock market ended flat Tuesday, June 1 after a weak start as the listing of Monde Nissin’s shares failed to spark a rally. The main index shed 1.06 points or 0.02 percent to close at 6,627.43 as the Mining and Oil counter led the retreat while the Financials and Property sectors...
The Department of the Interior and Local Government (DILG) recognized Tuesday, June 1, the PDP-Laban party's quest for the retention and future increase of funds for the Barangay Development Program (BDP), the government's flagship project to end communist insurgency. DILG Undersecretary Jonathan...
Government regulators have been putting in place frameworks to encourage key sectors of the economy such as publicly listed companies, banks and financial institutions to contribute to the attainment of Sustainable Development Goals (SDGs). As a member of the United Nations, the Philippines has...
