The local stock market lost ₱671.7 billion in market capitalization on Monday, March 9, as the benchmark Philippine Stock Exchange Index (PSEi) plunged to the 6,000 level after the Iran war fueled a surge in oil prices while the peso plunged to a new record low. Philippine Stock Exchange (PSE)...
Stock benchmark tumbled to end the week on a somber note, joining the regional retreat as escalating geopolitical tensions in the Middle East drove the peso back toward record lows and clouded the outlook for domestic inflation. The Philippine Stock Exchange index (PSEi) shed 60.12 points, or 0.94...
Local stocks tumbled on Wednesday, March 4, erasing the previous session’s gains as escalating conflict in the Middle East fueled fears that spike in global energy prices will reignite inflation and derail the central bank’s pivot toward monetary easing. The Philippine Stock Exchange index...
Cebu-based fuel distributor and retailer Top Line Business Development Corp. plans to tap capital markets this year to fund aggressive expansion of its supply chain and retail footprint following record financial growth. Eugene Erik C. Lim, Top Line president and chief executive officer, said the...
Construction giant EEI Corp. secured ₱1.6 billion in new contracts in the first two months of 2026, a robust start to the year as it moves toward a more diversified project pipeline and leaner corporate structure. EEI President and Chief Executive Officer Henry D. Antonio said the new mandates...
The Department of Education (DepEd) has secured approval for more than 5,000 teacher promotion backlogs, advancing the implementation of its Expanded Career Progression (ECP) System and reinforcing the administration’s commitment to strengthening public school teachers’ welfare and professional...
Since its launch in 2023, the Philippine Book Festival (PBF), led by the National Book Development Board, has helped bring Filipino-authored books, educational materials, and creative works closer to the masses. The festival has drawn more than 120,000 visitors and, through its partnership with the...
Philippine stocks and the peso tumbled on Monday, March 2, as the threat of an escalating war in the Middle East rattled regional markets, fueling concerns that surging energy costs will derail efforts to tame domestic inflation. The Philippine Stock Exchange index (PSEi) slumped 2.79 percent, or...
The Philippine Stock Exchange index (PSEi) snapped a seven-day winning streak on Friday, Feb. 27, as investors locked in gains and digested disappointing trade figures. The benchmark gauge fell 14.22 points, or 0.21 percent, to close at 6,611.24 in Manila. While property developers led the decline,...
Filinvest Development Corp. consolidated its leisure and lifestyle businesses under its hospitality arm and named a third-generation family member to lead the unit as part of a strategy to scale its integrated tourism offerings. The holding company for the Gotianun family’s interests appointed...
Local equities market extended its winning streak to the seventh consecutive session on Thursday, Feb. 26, though a wave of late-session profit-taking pared gains as investors locked in returns from the recent rally. The Philippine Stock Exchange index (PSEi) edged higher by 5.59 points, or 0.08...
The Philippine stock benchmark climbed for a sixth consecutive session, reclaiming the 6,600 level as a strengthening peso and optimistic corporate earnings outlooks spurred a broad-based rally. The Philippine Stock Exchange index (PSEi) advanced 71.89 points, or 1.1 percent, to finish at 6,619.87...
