The Australian Government will invest P630 million over the next six years to support disaster and climate resilience efforts in the Philippines. This is part of its newly signed agreement with the United Nations Development Programme (UNDP), which involves the initiative that will strengthen the...
The local stock market advanced for the third straight session Tuesday, (March 2), on optimism over the arrival of vaccines. The Philippine Stock Exchange index (PSEi) gained 46.57 points, or 0.68 percent, to close at 6,919.54 although sectoral indices were evenly mixed. Volume improved to 126.72...
Prior to the onslaught of the country's first typhoon this year and in preparation for the launch of its mobile community app for fisherfolks, Globe Telecom, Inc. distributed mobile phones to 93 fishermen in Sariaya, Quezon. The Globe initiative was in support of the order of Quezon Province...
Local share prices rose Friday, ( Feb. 26) as investors picked up bargains amid news that vaccines will finally arrive, ignoring an overnight sell-off in Wall Street. The Philippine Stock Exchange index (PSEi) gained 38.91 points, or 0.58 percent, to close at 6,794.86 although sector indices were...
The Development Bank of the Philippines (DBP) needs to change its charter and triple its authorized capital from P35 billion to P100 billion to broaden its credit assistance to priority sectors. “The proposed amendments to the DBP Charter would be a boon to our efforts to undertake...
Local share prices dropped on Wednesday, (Feb. 24) as sentiment continue to be weighed down by government’s decision not to ease lockdown measures. The PSEi lost 58.72 points, or 0.86 percent, to close at 6,755.95 as all sectors weakened across the board. PSE file photo Volume rose to 36.1...
The local equities market managed to end in the green on Tuesday, (Feb. 23) after trading in negative territory most of the day as investors started picking up cheaper stocks. The Philippine Stock Exchange index (PSEi) inched up 4.33 points, or 0.06 percent, to close at 6,814.67 with...
Local share prices bounced Friday (Feb. 19) from recent losses as investors started to pick up bargains ahead of the weekend. The main index rose 76.77 points or 1.12 percent to close at 6,926.41 as the Holding Firms and Mining and Oil counters led gains across the board. A total of...
The local stock market fell Thursday, (February 18) as investors are jittery over developments here and overseas. The PSEi lost 116.79 points or 1.68 percent to close at 6,849.64 although the Financials and Mining and Oil counters advanced. Volume dropped to 16.62 billion shares worth...
The local stock market gave up most of the previous day’s gains Wednesday, (Feb. 17) as investors went back to selling mode. The main index fell 77.63 points or 1.1 percent to close at 6,966.43 as all counters retreated, led by the Financials and Property sectors. Volume remained high at...
The local stock market bounced back to the 7,000 level as global stocks rallied. The PSEi hiked 84.85 points or 1.22 percent to close at 7.044.06 as sub-indices rose across the board. A hefty 21.86 billion shares worth P18.16 billion changed hands as gainers beat losers 122 to 89 with 54...
SM Prime Holdings, Inc. (SM Prime), one of the leading integrated property developers in Southeast Asia, reported a P18.0 billion consolidated net income for 2020 versus P38.1 billion in the previous year. In a disclosure to the Philippine Stock Exchange, the firm said its consolidated revenues...
