The local stock market strengthened as investors picked up bargains amid stronger remittances and corporate tax cuts. The main index surged by 101.48 points or 1.69 percent to close at 6,094.96 as the property counter made a strong bounce while miners saw some profit-taking. Volume grew to...
State-owned Development Bank of the Philippines (DBP) has welcomed the newest member of its Board of Directors—Eddie Abel C. Dorotan, a seasoned banker with over 20 years of vast experience in the areas of investment banking, capital markets, as well as commercial and corporate banking. Before...
The Philippine Stock Exchange index (PSEi) fell following the decline in US bourses last Friday as investors are jittery about factors that may further delay interest rate cuts. The main index lost 67.85 points or 1.12 percent to close at 5,993.48 on Monday, Feb. 17, as the property sector plunged,...
ILOILO CITY – President Ferdinand R. Marcos Jr. has directed officials to fast-track infrastructure projects in Western Visayas. PRESIDENT Ferdinand R. Marcos Jr. (center) presides over the Regional Development Council meeting in Iloilo City on Feb. 13. (PCO) The President made the directive...
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...
