The local stock market ended with a marginal gain after failing to breach the 7,000 resistance level. The main index added 11.45 points or 0.16 percent to close at 6,973.41 although only the Property and Mining counters managed to advance. A total of 831 million shares worth P6.8 billion changed...
Many cooperatives that borrowed from the Development Bank of the Philippines (DBP) have struggled to meet their obligations under the public utility vehicle (PUV) modernization program, the bank's chief executive said. During a Senate budget hearing on Tuesday, Aug. 27, Michael de Jesus, DBP...
Ayala-led ACEN Corporation and its offshore partner firm PT Barito Renewables Energy Tbk (Barito Renewables) are poised to accelerate the commercial development of wind farm projects with 320-megawatt aggregate capacity across three project-sites in Indonesia. In a statement to the media, the...
With additional revenues to be drawn from geothermal assets that are coming on commercial stream, Lopez-led First Gen Corporation is expecting overall profit boost this year, according to a top executive of the company. First President and COO Francis Giles B. Puno indicated that at least 83...
While many Philippine corporates are just riding the green energy wave with empty rhetoric and some have been merely using "net zero pledges" as superficial propaganda tool in their business playbook, the genuinely serious ones are promising to re-assess commitments with concrete baselines and...
The financial returns for college graduates have decreased in recent years, according to a study by the Philippine Institute for Development Studies (PIDS). In a policy note titled “Returns to Education in the Philippines (2005–2022): Declining Benefits, Increased Inequities,” PIDS...
KIDAPAWAN CITY – The Mindanao Development Authority is planning to hold high-level discussions with local government officials in Central Mindanao to address the perennial flooding and beef up disaster preparations in the region. Engr. Ian Dalisay, project manager of the Mindanao River Basin...
The local stock market recovered the previous day’s loss and resumed climbing as investors hope for signs of a September cut by the US Federal Reserve. The main index added 61.34 points or 0.89 percent to close at 6,961.96 as Banks surged while the Property and Mining counters were in the...
The Social Security System (SSS) and the Department of Social Welfare and Development (DSWD) have signed an agreement to enhance social protection for beneficiaries of the Pantawid Pamilyang Pilipino Program (4Ps). SSS President and Chief Executive Officer Rolando Ledesma Macasaet and DSWD...
Senator Raffy Tulfo was surprised to find out that some breathalyzers that cost P68,000 each were returned to the Land Transportation Office (LTO) after being discovered defective. Sen. Raffy Tulfo expresses his concern over the increasing incidence of drunk driving in the country. In a public...
The local stock market finally took a breather from its strong rally while investors wait for cues from the US Federal Reserve. The main index dropped 44.14 points or 0.64 percent to close at 6,900.62 with the Property sector leading the retreat while Industrials managed to advance. Volume...
DSWD Secretary Rex Gatchalian (PPAB) The Department of Social Welfare and Development (DSWD) told a House of Representatives panel that the social protection programs of the government, otherwise known as “ayuda” (aid), were not mere handouts but...
