A total of 464 square meters of coral reef were damaged when a Chinese fishing militia anchored at a cay near Pag-asa (Thitu) Island in the West Philippine Sea (WPS) in June. This was the revelation made by marine scientists from the Palawan Council for Sustainable Development (PCSD) and the...
While several big-ticket government projects in the pipeline threaten to widen the Philippines’ current account deficit and put pressure on the trade balance, Germany-based Deutsche Bank said this could ultimately benefit the country’s economic growth and strengthen the peso in the long run....
With the unveiling of Symphony Homes, property developer SM Development Corporation (SMDC) is treading on different territory—one that is marked by its purpose of providing homes for Filipino families where they can live, move, and connect on the ground. Highly attuned to the market 's...
The PSE index ended marginally lower as investors remain cautious amid uncertainty over United States (US) tariffs. The main index shed 3.32 points, or 0.05 percent, to close at 6,459.88, with sectoral indices equally divided. Volume was strong at 4.4 billion shares worth ₱9.45 billion, as...
In an effort to address the rapid increase in demand for electricity in Visayas, Lopez-led Green Core Geothermal Inc. (GCGI) is setting its sights on upgrading its Palinpinon 1 geothermal plant in Negros Oriental. According to GCGI, a subsidiary of Energy Development Corp. (EDC), the proposed...
The Philippine Stock Exchange index (PSEi) closed lower on Thursday, July 10, after the United States (US) increased tariffs on goods from Manila. The main index shed 41.14 points, or 0.63 percent, to settle at 6,463.20. Banks led the decline, while Services and Mining sectors saw strong gains....
The Securities and Exchange Commission (SEC) has approved the planned preferred share offering of the Gotianun Group’s investment arm Filinvest Development Corp. (FDC) of up to ₱8 billion. In its meeting on July 8, the Commission En Banc resolved to render effective the registration statement...
Amid rising concerns over online gambling, one of the country 's top economic officials proposed leveraging e-wallets as a tool for taxation. As President Marcos’ economic managers have yet to finalize their collective stance, Department of Economy, Planning, and Development (DEPDev)...
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....
