Senator Cynthia Villar expressed her strong opposition to the Department of Human Settlements and Urban Development (DHSUD) plan to build condominiums as a means to resolve the housing backlog in the Philippines. Sen. Cynthia Villar raises her strong objection to the plans of the Department of...
Local share prices plunged as the Philippines faces headwinds including a weaker peso, lower foreign investments, and slower economic growth. The main index fell 129.9 points or 1.87 percent to close at 6,810.11 with the Property and Services sectors leading the retreat across the board. Volume...
The Philippines' chief economist is looking forward to benefits in case talks for a free-trade agreement (FTA) between the Philippines and the United States can be kickstarted when Donald J. Trump returns to the White House early next year. "Of course, we should" was Socioeconomic...
While the government maintains that a robust middle class will propel the country to a predominantly middle-class society within the next 15 years, economists warned that a lack of quality, stable jobs poses a threat to this goal. The National Economic and Development Authority (NEDA) said that a...
Mayors in Maguindanao del Norte support the postponement of the Bangsamoro Autonomous Region in Muslim Mindanao parliamentary elections from 2025 to 2026. THE Bangsamoro Government Center in Cotabato City, the seat of government of the Bangsamoro Autonomous Region in Muslim Mindanao. ...
The local stock market continued to weaken as the week started with news of a drop in foreign direct investments (FDI). The main index lost 37.17 points or 0.53 percent to close at 6,940.02 as only Banks held their ground while the Mining sector fell on lower gold prices. Volume was low at 548...
National Security Council (NSC) Asst. Director-General Jonathan Malaya (File photo) Despite calls for the abolition of the National Task Force to End Local Communist Armed Conflict (NTF-ELCAC), President Marcos Jr. ordered the increase the funding of its Barangay Development Program (BDP) from P2.5...
The Securities and Exchange Commission (SEC) affirmed its global leadership in championing sustainability, receiving top honors from the United Nations Conference on Trade and Development (UNCTAD) for the third time for promoting sustainability reporting. This recognition came during the 41st...
Multiple reports of violators on the EDSA busway seemed to prompt Senator Raffy Tulfo to ask the Metropolitan Manila Development Authority (MMDA) the question: "Where are your big bikes for catching violators?" He brought this up during the plenary budget deliberations led by Senate Committee on...
Ever wondered what happened to your favorite local shop? Did it close due to staffing shortages or limited growth potential? The small business landscape continues to expand, but the biggest challenge remains: longevity. The Philippine Statistics Authority (PSA) reported over a million...
The Philippine Stock Exchange index (PSEi) declined to close the week below the 7,000 support level as investors continued to sell local stocks due to concerns regarding the implications of a Trump presidency and slower economic growth. The main index dropped by 37.26 points, or 0.53 percent,...
Atlas Consolidated Mining and Development Corporation, a copper and gold producer controlled by the Sy and Ramos families, reported a 29 percent increase in net income, reaching P1.13 billion in the third quarter of 2024, from P880 million during the same period last year. According to the...
