The local stock market resumed its downward trend after a minor pause the previous day as Trump's tariff pronouncements continue to unnerve investors. The PSEi lost 26.54 points or 0.43 percent to close at 6,139.51 although sector indices were equally divided. Volume dipped to 828 million...
The Philippine Stock Exchange index (PSEi) managed to stay above the red line on late bargain-hunting as investors start betting on a rate cut next month. The main index added 6.20 points or 0.10 percent to close at 6,166.05 as the Services sector led the advance while Conglomerates and...
Filinvest Development Corp. (FDC), the investment holding company of the Gotianun Group, reported a 36-percent jump in attributable net income to ₱12.1 billion last year from the ₱8.9 billion recorded in 2023, following a double-digit improvement across all business segments. In a disclosure to...
NTF-ELCAC Executive Director Usec. Ernesto Torres Jr. (Courtesy of RTVM) The National Task Force to End Local Communist Program (NTF-ELCAC) recommended to President Marcos Jr. on Wednesday, March 26, the inclusion of 280 barangays that were cleared of influence and threat from local terrorist...
BCDA President and CEO Joshua Bingcang The Bases Conversion and Development Authority (BCDA) has signed an agreement granting the Manila International Airport Authority (MIAA) a three-year option period to either purchase or continue leasing the 61-hectare Ninoy Aquino International Airport...
The Philippine Stock Exchange index (PSEi) declined for the third straight session as investors continue to fret over possible impact of Trump’s tariff plans. The main index shed 32.17 points or 0.52 percent to close at 6,159.85 as the Mining counter led losses while Property and Services managed...
Japan has reaffirmed its commitment to support the Marcos administration’s "Build Better More" program to help promote and strengthen the Philippines’ bid for an upper middle-income status country. (From left) Special Advisor to the Prime Minister Mori Masafumi and Japanese Ambassador to...
The PSEi fell at the close of a trading day shortened by almost two hours due to technical issues, as investor confidence continues to be buffeted by politico-economic issues overseas. The main index dropped 74.73 points, or 1.19 percent, to close at 6,192.02, with the retreat across the board led...
Lower interest rates and closer economic integration in Asia-Pacific would allow the region to attract more capital, according to the Asian Development Bank (ADB). "Global monetary easing could increase capital inflows into the region, bringing with it important macroeconomic and policy...
Cebu-based fuel distributor Top Line Business Development has kicked off its ₱733 million initial public offering (IPO) after securing its permit to sell from the Securities and Exchange Commission (SEC). This approval allows Top Line to offer 2.15 billion primary common shares, with an...
The local stock market closed the week in the red, following overnight losses in the US, as investors grappled with uncertainty over Trump’s tariff policy. The main index dropped 56.38 points or 0.89 percent to close at 6,266.75 on Friday, March 21, as Property firms and Conglomerates led the...
Mayor Francis Zamora, together with city government officials, break ground for the soon-to-be-built Makabagong San Juan Sports Center. Officials of the San Juan City local government on Friday, March 21, broke ground for two of its latest infrastructure projects - a sports facility and...
