The PSEi eased on thin trades on the last trading day of the week amid lack of cues from the US. The main index shed 15.25 points or 0.23 percent to close at 6,496.32 with Conglomerates leading the decline while Banks bucked the trend to post a decent gain. Volume was anemic at 1.04 billion shares...
State-run Clark Development Corporation (CDC) is ramping up efforts to attract more global investors to the Clark Freeport Zone, starting with strengthening its relationship with Taiwanese firms. CDC President and Chief Executive Officer Agnes VST Devanadera, and 17 Taiwanese companies, alongside...
The local stock market fell below the 6,500 level on renewed concerns that the US Federal Reserve may hold back on interest rate cuts. The main index lost 48.66 points, or 0.74 percent, to close at 6,496.72, with Conglomerates leading the decline while Miners managed to rally. Volume inched up to...
The Bases Conversion and Development Authority (BCDA) said it is exploring waste-to-energy technology as a renewable energy source in the Clark Freeport and Special Economic Zone. In a statement, Joshua M. Bingcang, BCDA president and chief executive officer, said this initiative aligns with the...
The Clark Development Corporation (CDC) has issued a cease-and-desist order (CDO) against Fontana Development Corporation (FDC) and Fontana Resort and Country Club, Inc. (FRCCI). In a Facebook post, CDC said the order immediately halted all operations within the leased area, including a...
The local stock market dropped after the government reported an uptick in the inflation rate last month. The main index fell 79.79 points, or 1.20 percent, to close at 6,545.38. The Services sector led the retreat, with only Mining and Oil in the green. Volume was higher but still thin at 1.51...
Acknowledging the vital role of early childhood education in enhancing the country’s overall education quality, the Second Congressional Commission on Education (EDCOM 2) emphasized on Tuesday, Jan. 7, its support for increased investment in early childhood education as part of the 2025 national...
Senator Sherwin Gatchalian (Gatchalian's Facebook page) Senator Sherwin Gatchalian said the retention of the P80 million scholarship fund for child development workers (CDWs) under the 2025 national budget was an important step toward enhancing their...
The local stock market started the week on the positive side, with the PSEi sustaining the advance made in the first two trading days of the year. The main index added 21.36 points or 0.32 percent to close at 6,625.17 although only Banks and Services were up while most sectors were lower. Volume...
A Baguio Regional Trial Court has ordered the immediate turnover of the 247-hectare Camp John Hay property to the Bases Conversion and Development Authority (BCDA). In a statement on Sunday, Jan. 5, the BCDA said the court's decision is a major victory for the government, which has been seeking to...
The Bases Conversion and Development Authority (BCDA) reported record revenue for 2024, exceeding the previous year's earnings, due to a new joint venture agreement for a mixed-use development project in Taguig City. Joshua M. Bingcang, BCDA president and chief executive officer, said the state-run...
The local stock market rose further after a positive Philippine manufacturing index spurred more bargain hunting. The main index added 53.42 points or 0.82 percent to close at 6,603.81 as Banks led the advance across the board. Volume was still low at 2.77 billion shares worth P3.78 billion as...
