The Philippine stock market rebounded, surpassing the 6,000 mark on Tuesday, Feb. 4, after the US postponed new tariffs on imports from Canada and Mexico. The benchmark index jumped 206.02 points, or 3.50 percent, to close at 6,089.06, led by gains across the services sector. Trading volume reached...
State-owned Development Bank of the Philippines (DBP) must provide strong justification for its appeal to extend regulatory relief, according to a senior Bangko Sentral ng Pilipinas (BSP) official. Speaking to reporters on the sidelines of a two-day media information session in Baguio City, BSP...
The local stock market started with a strong bounce but lost most of its intraday gains as investors worry about the impact of steep tariffs the US will be slapping on imports from Canada, Mexico, and China. The main index added 20.45 points or 0.35 percent to close at 5,883.04 with property firms...
READY TO SHOOT Bacolod filmmakers at the BFF 2024 Directors' Forum Bacolod City Government officials and Negrense filmmakers met with the Film Development Council of the Philippines and global creative industries research organization Olsberg•SPI to discuss the development of a strategic...
President Marcos has issued Executive Order (EO) No. 82, reinforcing the Regional Development Councils (RDCs) to accelerate socioeconomic growth across all regions. In his EO, signed by Executive Secretary Lucas Bersamin on Jan. 28, the President said the move is aligned with the Philippine...
Amid criticisms against the enacted budget of 2025, President Marcos urged public officials, who graduated from the Development Academy of the Philippines (DAP), to help his administration ensure that the budget given to the offices they belong to is spent wisely. President Ferdinand 'Bongbong'...
The Philippine Institute for Development Studies (PIDS) recently released a study showing that aging populations, shrinking household sizes, and evolving family dynamics are affecting housing demands. The study, “Demographic Trends and Housing Patterns in The Philippines” also underscored...
The local stock market dropped further after the US Federal Reserve decided not to cut interest rates due to inflation. The main index lost 45.81 points or 0.74 percent to close at 6,107.66 with Miners and Conglomerates seeing the biggest losses while Property and Services managed to advance....
The Asian Development Bank (ADB) has approved a $500 million policy-based loan to support the Philippine government's efforts in enhancing labor market programs and promoting job creation. In a statement on Thursday, Jan. 30, ADB said the program aims to improve the productivity and employability...
The Asian Development Bank (ADB) has approved a $500 million policy-based loan to provide the Philippines with immediate access to financing in the event of disasters triggered by natural hazards or health-related emergencies. In a statement, the Manila-based lender said the funding will support...
Top Line Business Development Corporation, a Cebu-based fuel retailer planning an initial public offering, reported a record high net income of P90.5 million in the first nine months of 2024, a 157 percent surge from P35.2 million for the same period in 2023. In a statement, the firm said its...
The House plenary (Facebook) The House of Representatives overwhelmingly approved on third and final reading during plenary session Tuesday, Jan. 28 a measure enacting a new charter for the Development Bank of the Philippines (DBP)....
