Local share prices softened on profit-taking due to lack of fresh cues as US markets were closed while inflation numbers are not due until Thursday. The main index dropped 40.49 points or 0.58 percent to 6,882.92 as the Services sector led the retreat while Conglomerates bucked the trend....
The Home Development Mutual Fund or more popularly known as Pag-IBIG Fund grew its net income by over a fifth to P28.4 billion in the first half of 2024, on the back of higher collections coupled with lower expenses. To recall, Pag-IBIG Fund last February hiked members' monthly contribution rate to...
The local stock market managed to advance as investors remain upbeat amid prospects of lower interest rates. The main index added 25.87 points or 0.38 percent to close at 6,923.41 with sectoral indices mixed. Volume was lower at 555 million shares worth P4.89 billion as gainers outnumbered losers...
Public schools in the Philippines are among the education facilities in Asia with low internet and computer access, according to a study from the Philippine Institute for Development Studies (PIDS). In a research paper titled “School Infrastructure in the Philippines: Where Are We Now and Where...
Financial strain on consumers’ pockets will ease a bit next week, as the anticipated oil price hikes ended up at lower amounts, based on the outcome of end-week trading in the regional market. According to the oil companies, the estimated increase for gasoline products will be at P0.25 to P0.65...
The local stock market increased amid strong trading as investors adjusted their portfolios while waiting for more economic indicators. The main index added 5.99 points or 0.09 percent to close at 6,897.54, with sectoral indices split evenly. Volume shot up to 1.74 billion shares worth P13.3...
The Department of Energy (DOE) will integrate cybersecurity in the planned modification of policy frameworks that shall underpin resiliency assessment and rating system for various power facilities in the country. Energy Undersecretary Felix William Fuentebella indicated that the energy resiliency...
The National Economic and Development Authority (NEDA) board approved the Philippine Civil Service Modernization (PCSM) project to upgrade government agencies’ human resource information systems. During its 20th meeting on Wednesday, the NEDA board, chaired by President Ferdinand R. Marcos Jr.,...
Local share prices weakened as investors take profits after the index failed to hold above the 7,000 resistance level. The main index lost 66.46 points or 0.96 percent to close at 6,891.55 as Conglomerates led the retreat although the Property and Mining counters stayed in the green. Volume was...
The Philippines is set to secure a $500 million loan from the Asian Development Bank (ADB) to support its climate action initiatives, the Department of Finance (DOF) announced. During a meeting with Finance Secretary Ralph G. Recto, ADB President Asakawa stated that they are finalizing the approval...
The local stock market initially rose on the back of strong US equities but dipped after failing to hold its ground above the 7,000 level. The main index shed 15.4 points, or 0.22 percent, to close at 6,958.01, with sectoral indices equally split. Volume was weaker at 1.27 billion shares worth...
The Philippine government, through a proposal from the Department of Energy (DoE), will be seeking P10 billion worth of funding to bankroll energy efficiency initiatives being mandated for state-run entities. In an interview with reporters, Energy Undersecretary Felix William B. Fuentebella...
