Santa Claus finally paid the local stock market a visit, sparking off some recovery on the last trading day before Christmas. The main index surged by 128.53 points or 2.01 percent to close at 6,534.91 with the Industrial sector leading the rally across the board. Volume was thin at 713 million...
The Philippines is consolidating state-run corporations in hopes they would attract and retain top talent by being competitive with private-sector salaries. The Organization for Economic Cooperation and Development (OECD) group of rich nations noted in a Dec. 11 report that the Philippine...
The Ty family’s flagship GT Capital Holdings Inc. announced key leadership changes in its wholly-owned subsidiary Federal Land Inc., with Jose Mari H. Banzon taking the helm of the property development company starting next year. In a disclosure to the Philippine Stock Exchange, GT Capital said...
DAVAO CITY – The Regional Development Council in Central Mindanao and the Mindanao Development Authority are eyeing foreign donors to fund infrastructure projects to mitigate perennial flooding within the Mindanao River Basin area. RESIDENTS wade through a marshy field that used to be...
The Philippines will repay the Asian Development Bank (ADB) until 2039 for the new $500-million policy-based loan it secured to intensify climate change adaptation and mitigation efforts. Documents showed that Department of Finance (DOF) Secretary Ralph G. Recto, on behalf the Philippine...
(L-R) DOLE Secretary Bienvenido E. Laguesma and PEZA Director General Tereso O. Panga present the signed Data Sharing Agreement formalizing the lawful sharing of data between their agencies during a ceremony on December 16, 2024 at the PEZA Head Office in Pasay City. (Photo: DOLE) The Department of...
DAVAO CITY – Two-hundred youth leaders from various organizations participated in the two-day 1st Mindanao Youth Convergence at the Ritz Hotel at Garden Oases in Obrero here from Dec. 18 to 19 that focused on empowering young leaders in disaster preparedness and resilience. MINDANAO Development...
The local stock market dropped below the 6,400 level after the US Federal Reserve signaled a slower pace of rate cuts next year. The main index fell 73.48 points or 1.14 percent to close at 6,395.60 with the Mining and Oil sector suffering the biggest loss. Volume grew to 595 million shares worth...
Due to project implementation delays, the Philippines is seeking the extension of two loans obtained by the previous Duterte administration from the Asian Development Bank (ADB) and the World Bank. Documents showed that the Department of Finance (DOF), on behalf of the Philippine government, asked...
The local stock market dropped further as the peso weakened prior to expected rate cuts in the US and by the Bangko Sentral ng Pilipinas. The main index lost 32.63 points or 0.50 percent to close at 6,469.08 as Banks continue to lead the retreat while Industrials and Services bounced. Volume was...
State-run Bases Conversion and Development Authority (BCDA) and John Hay Management Corporation (JHMC) partnered with Stern Real Estate and Development Corp. to ensure business continuity and boost economic development in Camp John Hay, Baguio City. Stern operates the renowned Le Monet Hotel and...
The National Economic and Development Authority (NEDA) Board, chaired by President Marcos, has approved the implementation of a free trade agreement with South Korea and two major infrastructure projects totaling P63.2 billion. In a statement on Tuesday, Dec. 17, NEDA Secretary Arsenio M. Balisacan...
