The Philippine Stock Exchange index (PSEi) ended almost flat on Monday, Feb. 24, as gains of banks and conglomerates managed to balance losses of other sectors. The main index shed 2.07 points or 0.03 percent to close at 6,095.97 with the industrial and services counters leading decliners. Volume...
The government is offering tax deductions to private donors supporting six priority programs in this year's list of the state planning agency National Economic and Development Authority (NEDA). Earlier this month, NEDA came out with the 2025 National Priority Plan (NPP), which listed down key...
State-owned Development Bank of the Philippines’ (DBP) net income surged to ₱7.1-billion in 2024—its highest in the past 10 years—representing a 20 percent increase from 2023 as the bank ramped up its lending activities to key sectors in support of the Marcos, Jr. administration’s...
Top Line Hi Tech and Synergy Corp. has partnered with the Provincial Government of Aklan to implement a smart port system at Boracay's Caticlan and Cagban ports to enhance the ticketing process and improve port management. In a statement, Eugene Erik Lim, Topline Hi Tech president and chief...
The local stock market recovered some lost ground to close the week on a higher level than in the previous Friday. The main index added 31.41 points or 0.52 percent to close at 6,098.04 as the Property sector bounced back to lead the advance while Banks dipped. Volume declined to 1.65 billion...
The Philippine stock market weakened as investors grew concerned about potential delays in U.S. interest rate cuts and increased tariff threats by President Trump. The main index fell 53.25 points, or 0.87 percent, to close at 6,066.63 on Thursday, Feb. 20. The property sector led the...
The Philippine Stock Exchange index (PSEi) gained more ground as investors continued to pick up cheaper stocks on the back of gains in US bourses. The main index added 24.92 points or 0.41 percent to close at 6,119.88 with the mining and oil surging by 4.73 percent while banks and services...
The local stock market strengthened as investors picked up bargains amid stronger remittances and corporate tax cuts. The main index surged by 101.48 points or 1.69 percent to close at 6,094.96 as the property counter made a strong bounce while miners saw some profit-taking. Volume grew to...
State-owned Development Bank of the Philippines (DBP) has welcomed the newest member of its Board of Directors—Eddie Abel C. Dorotan, a seasoned banker with over 20 years of vast experience in the areas of investment banking, capital markets, as well as commercial and corporate banking. Before...
The Philippine Stock Exchange index (PSEi) fell following the decline in US bourses last Friday as investors are jittery about factors that may further delay interest rate cuts. The main index lost 67.85 points or 1.12 percent to close at 5,993.48 on Monday, Feb. 17, as the property sector plunged,...
ILOILO CITY – President Ferdinand R. Marcos Jr. has directed officials to fast-track infrastructure projects in Western Visayas. PRESIDENT Ferdinand R. Marcos Jr. (center) presides over the Regional Development Council meeting in Iloilo City on Feb. 13. (PCO) The President made the directive...
The local stock market turned red on Valentine’s Day as investors cashed out after the Bangko Sentral Pilipinas' surprise move to hold back an expected rate cut. The main index lost 51.86 points or 0.85 percent to close at 6,061.33 as the rate-sensitive property sector led the retreat while...
