The local stock market weakened as investors fretted over the possibility of higher US interest rates. The main index dropped 34.36 points or 0.55 percent to close at 6,164.89 as all indices retreated, led by the interest rate-sensitive Property sector. Volume was low with 1.09 billion shares worth...
Small local investors were still the main movers of the Philippine Stock Exchange (PSE) in the first-quarter this year, which the Department of Finance (DOF) attributed to the trust and confidence of the public in the regulatory institutions. Screen Shot 2021-05-24 at 2.46.56 PM Based on a report...
Late buying allowed the local stock market to close flat as investors continued to sit on the sidelines. The main index eked out a gain of 1.61 points or 0.03 percent to close at 6,199.25 with only the Financials and Services counters in the red. Volume remained weak with 1.63 billion shares...
One fundamental factor in the sustained growth of a country is having a strong and purposive research and development (R&D) program. R&D plays an essential role in society’s advancement. It provides science-based knowledge for the development of new products, solutions and services....
Food and beverage giant Nestlé has remained optimistic about the continued growth of the Philippines coffee industry. To support this optimism, Nestle also forged a memorandum of agreement (MOA) with the Technical Education and Skills Development Authority (TESDA) for the provision of...
Over 20 million young Filipino women struggle to enforce their rights to bodily autonomy as practices of child marriage, instances of gender-based violence, and lack of services for reproductive health persist in the country. (Screengrab from the virtual launch of the UNFPA's State of the World...
The Duterte administration’s economic team has lowered its growth assumption for this year due to the emergence of new coronavirus variants and the reimposition of strict lockdowns in Metro Manila and nearby provinces. The inter-agency Development Budget Coordination Committee (DBCC) slightly...
The Department of Science and Technology (DOST) Region 2 has kicked off its First Regional Research and Development Caravan on May 17 in a bid to promote research and development in the Cagayan Valley. Photo from DOST Region 2's website With a theme: “Inception to Commercialization Support to...
Filinvest Development Corporation (FDC), the flagship of the Gotianun family, posted a 35 percent drop in attributable net income to P2.0 billion in the first quarter of 2021 from P3.0 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said revenues and...
The PSEi managed to start the week in the green, thanks to late buying that allowed it to recover from early losses. The main index inched up 14.22 points or 0.23 percent to close at 6,283.58 with only the Financials and Holding Firms counters retreating. Volume was weak with 2.3 billion shares...
Amid recent government decisions that aim to increase the importation of rice and pork, food security advocacy group Tugon Kabuhayan has called for much-improved industry data gathering in the agriculture sector. In a virtual briefing, Asis Perez, convenor of Tugon Kabuhayan, said the government...
Senator Risa Hontiveros on Monday, May 17, said Malacañang should stop trumpeting China’s aid and development assistance to the Philippines, saying the country doesn’t owe a huge debt of gratitude to Beijing. Senator Risa Hontiveros (Senate PRIB/MANILA BULLETIN File photo) Hontiveros said...
