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...
The Bangko Sentral ng Pilipinas’ (BSP) push for personal equity and retirement accounts (PERA) is expected to promote the wider adoption of open finance in the Philippines, according to the Tokyo-based think tank Asian Development Bank Institute (ADBI). “The BSP remains committed to advancing...
The Philippine Stock Exchange index (PSEi) inched lower on Wednesday, July 2, as investors awaited the country 's June inflation report, while developments in the United States dampened sentiment. The benchmark index shed 4.8 points, or 0.07 percent, to close at 6,419.05, with sectoral indices...
TACLOBAN CITY – Newly-elected Northern Samar second district Rep. Edwin Ongchuan has filed a bill institutionalizing the position of Local Economic Development and Investment Promotions Officer (LEDIPO) in all local government units (LGUs) in the Philippines. House Bill 602 seeks to amend...
Filinvest City, the premier township developed by the Filinvest Group, is poised for a transformation with the announcement that PLDT Inc., the nation 's largest integrated telecommunications company, will relocate its headquarters to the Southgate District of Filinvest City. This strategic...
