Senator Panfilo "Ping" Lacson revealed that some lawmakers are receiving substantial "pork barrel" allocations worth billions. In an interview on One News late Wednesday, July 9, Lacson stated some members of the House of Representatives reportedly get up to ₱15 billion while some senators...
The Philippine Stock Exchange index (PSEi) rose for the third straight session on indications that the United States (US) may be willing to compromise and set tariffs at lower levels. The main index jumped by 70.74 points, or 1.1 percent on Wednesday, July 9, to close at 6,504.34. Services led the...
The share of tax revenues to the Philippine economy has lingered below the regional average of efficient collections, highlighting the need to further improve tax administration and enforcement. The Organization for Economic Co-operation and Development’s (OECD) Revenue Statistics in Asia and the...
The Philippine Stock Exchange benchmark index (PSEi) inched up following generally positive economic news, including employment and manufacturing data. The main index added 8.36 points, or 0.13 percent, to close at 6,433.60. Only conglomerates and services advanced, while most sectors were down....
The Philippines has thrown its support behind a commitment to reform international financial systems to address the $4-trillion, or around ₱225-trillion, annual gap in sustainable development funding. Presented during the recent Fourth International Conference on Financing for Development (FFD4)...
Cebu-based fuel distributor Top Line Business Development Corp. has revved up its expansion into the Visayas with the ₱925-million acquisition of a depot, fuel tankers, and retail stations to grow its network by almost fourfold to 48 from only 10. In a disclosure to the Philippine Stock Exchange...
The Philippine Stock Exchange index (PSEi) gained on Monday, July 7, buoyed by another extension of the deadline for the United States’ (US) imposition of higher tariffs. The main index added 29.67 points, or 0.46 percent, to close at 6,425.24. Banks led the advance, while mining and conglomerate...
Senator Alan Peter Cayetano has renewed his push for the measure seeking a P25 billion budget each for the Armed Forces of the Philippines (AFP) and the Philippine National Police (PNP) for the modernization and upgrade of their respective camps and facilities. Cayetano pointed out the military...
Philippine stock investors cashed out for the weekend after the government reported higher national debt, while there is also concern over the deadline for US trade negotiations next week. The main index dropped 73.41 points or 1.13 percent to close at 6,395.57 on Friday, July 4, with the Property...
Razon-led MORE Electric and Power Corporation (MORE Power) is raising the share of clean energy in its portfolio with the signing of a new Power Supply Agreement (PSA) that will add 6.6 megawatts (MW) to its Renewable Portfolio Standard (RPS) requirement. The agreement was signed between MORE Power...
The Department of Agriculture (DA) is set to receive a loan financing from the Washington-based multilateral lender World Bank next year for a project aimed at supporting small agri-businesses. A June 26 document published on Thursday, July 3, showed that the DA is seeking an investment project...
The Philippine Stock Exchange index (PSEi) climbed on Thursday, July 3, as investors anticipated a benign June inflation rate, despite recent oil price hikes. The main index rose 49.93 points, or 0.78 percent, to close at 6,468.98. Conglomerates led the advance, while Industrial and Services...
