President Marcos has approved the funding request for the establishment of child development centers (CDCs) in 4th and 5th class municipalities that lack resources to put up basic education development hubs. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of Malacañang) Malacañang said...
The local stock market rose further as investors picked up cheaper stocks ahead of Wednesday’s announcement of the inflation rate for February. The main index added 26.92 points or 0.45 percent to close at 6,064.11, led by the strength of the mining and banking sectors, while the conglomerate and...
Flights to China, Hong Kong, and Taiwan from Ilocos Norte’s Laoag International Airport may soon return as the province aims to transform into Southeast Asia’s economic hub through public-private partnership (PPP). This plan is included in the memorandum of agreement (MOA), signed on Friday,...
Photo courtesy of National Museum SM Development Corporation (SMDC) is taking significant steps to support the preservation and accessibility of cultural heritage, demonstrating its commitment beyond real estate. This vision is embodied in its landmark ₱100 million commitment over the next three...
The Philippine Stock Exchange index (PSEi) recovered some ground but settled below the day’s high as investors bet on a lower inflation rate to be announced on Wednesday. The main index added 39.22 points or 0.65 percent to close at 6,037.19 as conglomerates led the advance while the services and...
LT Group Inc., the holding company of taipan Lucio Tan, reported a 14 percent improvement in attributable net income to a record high of ₱28.92 billion last year from the ₱25.42 billion reported in 2023 on the back of strong growth in its tobacco, banking, liquor, and beer businesses. In its...
Investments in Camp John Hay have skyrocketed to ₱1 billion in two months of the Bases Conversion and Development Authority (BCDA) reclaiming the property. In a statement, the BCDA said the robust investments signal strong investor confidence in the state-run agency’s vision to transform it...
Publicly listed Italpinas Development Corporation (IDC) is expanding its presence to Pampanga, Boracay, and Palawan through joint venture agreements with the Co family, a strategic investor which recently acquired a 15 percent stake in the company. IDC said it has signed five new joint venture...
The PSEi plunged due to the MSCI rebalancing and Trump’s latest statements which continue to rock investor sentiment. The main index fell 126.12 points or 2.06 percent to close at 5,997.97 with the Property counter leading all sectors down. Volume jumped to 1.11 billion shares worth ₱20.63...
The local stock market declined as it continues its see-saw trend amid negative geopolitical factors and generally upbeat corporate results. The main index shed 20.87 points or 0.34 percent to close at 6,124.09 as Miners led the retreat with only Banks managing to advance. Volume rose to 534...
Dusit Princess Firenze in Cagayan De Oro (Artist perspective/Dusit website) For property firms with real estate investment trusts (REITs), Colliers Philippines is pushing for the addition of hotel assets as an integral part of their diversification strategies. The real estate services and...
President Marcos hailed the Asian Development Bank's (ADB) ongoing support for the Philippines, saying their assistance has significantly contributed to its economic development. President Ferdinand 'Bongbong' Marcos Jr. and Asian Development Bank president Kanda Masato (PCO) Marcos said this...
