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...
Campaign posters and banners are nailed into trees ahead of the May elections. (Photo courtesy of EcoWaste Coalition) As the election nears, even trees suffer from aspiring politicians who market with no shame. Environmental groups in a joint statement on Feb. 12 urged all candidates for national...
Following the Philippines' disappointing economic performance in 2024, hitting even the lower end of the government’s six-to eight-percent growth target this year could be challenging, according to the Philippine Institute for Development Studies (PIDS). “Nevertheless, PIDS remains optimistic,...
President Marcos has urged Iloilo local government chief executives to coordinate with the national government in developing infrastructure projects in the province. President Ferdinand 'Bongbong' Marcos Jr. meets with Iloilo local chief executives during his visit in Iloilo City on Feb. 13, 2025....
Department of Social Welfare and Development (DSWD) The Department of Social Welfare and Development (DSWD) is bringing the “Tara, Basa! Tutoring Program” to five more regions in its third year of implementation in 2025. DSWD spokesperson Assistant Secretary Irene Dumlao said the program will...
The local stock market managed to rise despite higher US inflation as investors were expecting the Bangko Sentral ng Pilipinas (BSP) to cut its policy rate. The main index jumped 69.06 points or 1.14 percent to close at 6,113.19 with the mining and services sectors leading all sub-indices up....
The Philippine Stock Exchange index (PSEi) recovered some lost ground, returning above the 6,000 level following the announcement of changes to the MSCI Philippine Index, effective at the end of February. The main index rose by 56.38 points, or 0.94 percent, to close at 6,044.13, led by...
The local stock market dropped back to the sub-6,000 after four straight days of losses almost wiped out its 420-point bounce last week. The Philippine Stock Exchange (PSE) index lost 49.37 points or 0.82 percent to close at 5,987.75 on Tuesday, Feb. 11, with the retreat led by the property sector...
Cautious investors continue to sell down stocks while waiting for fresh leads, causing the PSEi to fall for the third straight day. The main index slid 117.87 points or 1.92 percent to close at 6,037.12 as property firms and banks led the retreat while miners bucked the trend. Volume dipped...
To bolster public trust, the Philippine Statistics Authority (PSA) should spearhead the development of a clear and reliable nationwide data management system, ensuring accuracy and consistency. In a policy note on artificial intelligence (AI) released Friday, Feb. 7, the National Economic and...
Niche developer Italpinas Development Corporation has appointed two veteran bankers as independent directors in its Board of Directors, further enhancing the breadth and depth of its leadership team. In a disclosure to the Philippine Stock Exchange (PSE), the firm said Alfonso L. Salcedo and...
President Marcos' chief economic manager is optimistic that joblessness this year will be even lower than the administration's 2025 goal, following last year's two-decade low unemployment rate. Department of Finance (DOF) Secretary Ralph G. Recto confirmed to Manila Bulletin on Friday, Feb. 7, that...
