The local stock market plunged almost 200 points after government tightened lockdown measures while US bourses also weakened. The PSEI fell 194.75 points or 2.94 percent to close at 6,436.10 as share fell across the board. Volume rose to 3.53 billion shares worth P10.41 billion as losers beat...
Philippine Fisheries Development Authority (PFDA) has reported an increase in fish unloading in major ports in the country, with most of the fish brought to Navotas Fish Port Complex, the largest fish port in Southeast Asia. Based on PFDA’s weekly monitoring, there was a 3-percent increase in the...
The local stock market moved further sideways as bulls and bears wait in the sidelines with their ears peeled for fresh cues. Photo credit: PSE Information Desk The main index eked out a gain of 7.75 points or 0.12 percent to close at 6,566.83 even thought the Property counter continued to...
The local stock market suffered a steeper fall as reality sets in on how bad the COVID-19 situation is being handled, raising fears of a reverting to more restrictions in the year-long lockdown. Photo credit: https://www.pse.com.ph The PSEi plunged 176.09 points or 2.62 percent to close at 6,552.46...
Redco Transit Development Pte Ltd. (Redco) of Singapore has terminated its planned acquisition of shares in Makati City Subway Inc. (MCSI) from Philippine Infradev Holdings Inc. (PIHI) and Hong Kong Binjiang Industrial Limited (HK Binjiang). The Philippine Competition Commission (PCC) on March 9,...
Foreign direct investments (FDI) last year dropped 24.6 percent to a net inflow of $6.542 billion from $8.671 billion in 2019, but it was more than the Bangko Sentral ng Pilipinas’ (BSP) $6-billion projection for 2020. “The disruptive impact of the pandemic on global supply chains and the weak...
Local share prices rose on continued bargain hunting on the back of gains in the US bourses overnight. Photo credit: PSE Information Desk The main index advanced 41.49 points or 0.61 percent to close at 6,808.32 with only the Financials and Mining and Oil counters retreating. A total of 9.14...
Up to 40 percent of the fish caught and distributed in the Philippines in 2019 came from illegal fishing, the US Agency for International Development (USAID) report showed. (ALVIN KASIBAN/MANILA BULLETIN) On March 9, USAID, together with the Bureau of Fisheries and Aquatic Resources (BFAR),...
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...
