The Philippine Stock Exchange index (PSEi) managed to eke out a small gain mainly due to the Services sector as investors remain cautious while US President Donald Trump unveils more economic policies. The main index added 8.13 points or 0.13 percent to close at 6,348.34 with only the Services...
Cebu-based fuel retailer Top Line Business Development Corporation is again eyeing an initial public offering (IPO) but has significantly reduced the offer size to P900 million from P3.16 billion. In a statement, the firm said it optimized its total issued and outstanding common shares for its IPO...
State-run Bases Conversion and Development Authority (BCDA) has partnered with PhilTower MIDC to enhance digital connectivity across its properties, including Bonifacio Global City, New Clark City, and Morong Discovery Park. In a statement on Wednesday, Jan. 22, Joshua M. Bingcang, BCDA president...
A comprehensive database on the Philippine infrastructure system and its most urgent demands is necessary for guiding infrastructure investments, according to a recent study by the Philippine Institute for Development Studies (PIDS). The study titled “Transport Infrastructure in the Philippines:...
The local stock market slipped a little in a muted reaction to the Trump inauguration as Monday was also a holiday in the US. The main index dipped by 9.68 points or 0.15 percent to close at 6,340.21 as Miners led the retreat while Conglomerates and Property firms managed to advance. Volume was...
The local stock market traded flat as investors wait for cues from the inaugural speech of US President Donald Trump. The main index shed just 2.23 points or 0.04 percent to close at 6,349.89 with sectoral indices equally divided although the Property counter saw a big drop. Volume was thin at 1.54...
Senator Ronald "Bato" Dela Rosa says he has no problems if his office will not be given billions worth of funds for AKAP (Ayuda sa Kapos ang Kita Program) under the 2025 national budget, adding that he will not even accept it. "I will not take it. Kahit na hirap ako sa eleksyon, kahit na wala akong...
State-owned Development Bank of the Philippines (DBP) was honored by the chief regulator of government-owned and controlled corporations (GOCCs) for its consistent adherence to good corporate governance principles, top officials said. DBP President and Chief Executive Officer Michael O. de...
Share prices recovered as investors position ahead of the inauguration of US President Donald Trump. The main index jumped 86.60 points to 1.38 percent to close at 6,352.12 as Banks led the advance across the board. But volume declined to 994 million shares worth P4.93 billion as gainers...
Zobel-led Ayala Corporation has entered into a partnership with the UP Engineering Research and Development Foundation Inc. (UPERDFI) to advance collaboration and capability building on artificial intelligence (AI) and data science. In a statement, Ayala said the partnership seeks to support the UP...
The cool mountain air of Baguio City carries a renewed sense of optimism as Camp John Hay, the former US military base nestled in the heart of the city, embarks on a transformative journey. After a protracted legal battle, the state-run Bases Conversion and Development Authority (BCDA) has...
The PSEi resumed its downward trek after a small bounce the previous day as late selling wiped out gains made due to US inflation numbers coming within expectations. The main index dropped by 64.94 points or 1.03 percent to close at 6,265.52 as Banks led the retreat with only Miners advancing....
