Real estate firm Italpinas Development Corp. (IDC) more than doubled its net income to ₱376.8 million last year, reflecting a 102.2-percent increase from the ₱186.3 million earned in 2023, due to cost reduction and increase in land values. In a disclosure to the Philippine Stock Exchange (PSE),...
The PSEi dropped on profit-taking as investors held on to cash ahead of the Lenten break. The main index fell by 57.50 points or 0.93 percent to close at 6,128.60 as the Services counter led the retreat while only Miners managed to advance. Volume remained thin at 951 million shares worth P4.21...
The Philippines has secured the final $1.45-billion (about ₱82-billion) funding from the Asian Development Bank (ADB) for the Malolos-Clark railway project (MCRP), one of the multilateral lender’s largest infrastructure investments in Asia-Pacific (APAC). According to the ADB’s statement...
The PSEi continued to advance as investors are encouraged by hopes of a rate cut and the possibility of a deal for better tariff rates with the US. The main index added 40.58 points or 0.66 percent to close at 6,186.10 as Industrials led the charge with only Miners slightly down. Volume...
McDonald’s Philippines has been a staple brand in the country’s quick-service restaurant industry. From its first branch in Morayta, Manila, in 1981 to opening its first Green and Good store in 2020, McDonald’s Philippines etched an unforgettable mark in providing convenient and satisfying...
Multiple violations greeted Senator Raffy Tulfo during his inspection of the motor pool of several bus companies in Metro Manila. (Photo from the Office of Senator Raffy Tulfo) After visiting bus companies, Tulfo, who chairs the Committee on Public Services, conducted a random surprise inspection...
The National Economic and Development Authority (NEDA) and the Department of Budget and Management (DBM) have revamped the National Evaluation Policy Framework (NEPF), introducing stronger oversight and stricter standards for ethical and transparent evaluation of government programs. On...
President Marcos’ signing into law of the Department of Economy, Planning and Development (DEPDev) Act will pave the way for a historic reform in government development planning, Sen. Juan Miguel “Migz” Zubiri said on Tuesday, April 15. The new law, Republic Act No. 12145, primarily...
The Philippines’ chief economist has conceded that the country may not be able to achieve the eight-percent upper end of its 2025 growth target due to lingering global uncertainties, including the reciprocal tariffs United States (US) President Donald Trump slapped on its imports. “The eight...
The local stock market rose at the start of the three-day trading week as bargain hunters were emboldened by gains in US bourses last Friday. The main index jumped by 63.08 points or 1.04 percent to close at 6,145.52 as the Services sector led the advance with only Banks in the red. Volume...
Senator Sherwin Gatchalian is batting for the full and effective implementation of the Parent Effective Service Program (PES) Act, also known as Republic Act (RA) No. 11908, to help curb bullying in schools. Senator Sherwin Gatchalian Gatchalian made this call during a public hearing on recent...
Businessman Francis Lloyd Chua’s Premiumlands Corporation (PLC) and Industrial Holdings and Development Corporation (IHDC) have finally kicked off the P255 million tender offer for a third of the capital of Asiabest Group International Inc. held by the public. In a disclosure to the...
