By DERCO ROSAL With nine out of every 10 Filipinos feeling the harsh impacts of climate change, the Asian Development Bank (ADB) will support drought and flood preparedness in the Philippines and other member countries to mitigate the impact on lives and livelihood. Over the next six years, the...
Cebu-based fuel retailer Top Line Business Development Corp. (Topline) is launching its P3.16 billion initial public offering before the year ends to be the last maiden offering at the Philippine Stock Exchange for 2024. The PSE said it has approved the firm’s IPO tentatively slated for Nov. 27...
The PSEi plunged to the 7,100 level as investors cashed out amid uncertainties due to the upcoming US elections and fears of higher Philippine inflation. The main index fell 137.28 points or 1.89 percent to close at 7,142.96 as Banks led the retreat although the Property and Mining counters were in...
By DERCO ROSAL Climate change could reduce gross domestic product (GDP) in Asian developing countries, including the Philippines, by 17 percent for the next nearly 50 years, the Asian Development Bank (ADB) reported. Based on ADB’s Asia-Pacific Climate Report, this economic...
The asset base of Home Development Mutual Fund or more popularly known as Pag-IBIG Fund climbed to a new record-high of P1.02 trillion at end-September, breaching the trillion-peso mark for the first time. Pag-IBIG Fund's latest statement of financial position seen by Manila Bulletin showed total...
The local stock market rose in late trades as investors took positions ahead of the release of more third quarter earnings reports by listed companies. The main index added 40.26 points or 0.56 percent to close at 7,280.24 as Banks led the advance while Conglomerates and Property firms declined....
The PSEi fell below the 7,300 level as investors cash out before the long weekend when another typhoon is expected to hit the country. The main index index plunged by 103.26 points or 1.41 percent to close at 7,239.98 with the Property counter suffering the biggest loss. Volume rose to 566 million...
The Philippines is "doing better" in addressing food poverty, President Marcos said as he cited the drop in the number of food poor families in the country. “We are doing a better job of feeding people who need it,” Marcos said during a sectoral meeting in Malacañan Palace on Tuesday, Oct. 29....
The Philippine Stock Exchange Index (PSEi) ended in the green in volatile trading as investors digested fresh earnings reports while anticipating the release of more US and Philippine economic data. The main index rose by 29.01 points or 0.40 percent to close at 7,343.24 with all sectoral indices...
The country’s top lender BDO Unibank Inc. (BDO) reported a 12 percent year-on-year (YoY) growth in net profit to P60.6 billion in the first nine months of 2024. In a disclosure to the Philippine Stock Exchange (PSE), the bank said its growth in net income was driven by the sustained contribution...
The local stock market managed to end the last trading day of the week on a positive note as the typhoon leaves the Philippines. The main index added 30.44 points or 0.42 percent to close at 7,314.23 with Banks leading the advance while the Property and Industrial sectors remained in the red....
The PSEi fell, weighed down by losses in the US amid economic uncertainties and rising Treasury yields. The main index dropped 83.87 points or 1.14 percent to close at 7,283.79 with Banks leading the retreat. Volume slipped to 776 million shares worth P3.8 billion as losers swept gainers 139 to 53...
