DAVAO CITY – Mindanao Development Authority (MinDA) Chairman Leo Tereso Magno assured that the government’s flagship housing program Pambansang Pabahay para sa Pilipino (4PH) here remains on track. MAGNO (FB) Magno said in an interview that the city government is facilitating the transfer...
The local stock market finally bounced after its eight-day fall as investors started bargain-hunting. The main index jumped 113.98 points or 1.85 percent to close at 6,272.46 as the Property sector led the rally while Miners still lagged behind. Volume was a little better than average at 356...
State-run Bases Conversion and Development Authority (BCDA) has signed agreements with Japanese organizations to develop key economic zones in the Philippines. One of these agreements involved a memorandum of understanding (MOU) with Zip Infrastructure Co. Ltd. for the potential...
Niche developer Italpinas Development Corporation, through wholly-owned subsidiary IDC Prime Inc., has forged a joint venture with two landowners for the development of a P2.81 billion residential project in Palawan. In a disclosure to the Philippine Stock Exchange (PSE), the firm said IDC Prime...
President Marcos has ordered all concerned agencies to keep up the pace in rehabilitating the Pasig River. President Ferdinand 'Bongbong' Marcos Jr. leads the inauguration of the Pasig River Esplanade Project Phase 1 on June 23, 2024, in Manila. (PPA POOL by Ryan Baldemor) "[L]et us keep up the...
The local stock market benchmark plunged almost 200 points to its lowest level this year as bearish sentiment prevailed. The main index fell 186.08 points or 2.93 percent to close at 3,158.48 with the Mining sector leading the retreat across the board. Volume rose to 632 million shares worth a...
DAVAO CITY – Mindanao Development Authority (MinDA) Secretary Leo Tereso Magno assured on Wednesday that no employees would lose their jobs following his appointment as the head of the office. Magno made the assurance during his first-ever appearance at the Wednesday Media Forum here. MAGNO (FB)...
The PSEi is still on a losing streak, declining as the market suffers from a lack of fresh leads. The main index lost 21.47 percent or 0.34 percent to close at 6,344.56 as Banks and Services led the retreat. Volume was still below average at 328 million shares worth P3.94 billion as gainers...
DAVAO CITY – Mindanao Development Authority (MinDA) Secretary Leo Tereso A. Magno confirmed on Wednesday, June 19, that big-ticket projects for Mindanao would push through despite the withdrawal of original funder China. MAGNO (FB) Magno, speaking at the Wednesday Media Forum here, emphasized his...
Gotinanun-led Filinvest Hospitality Corporation (FHC) has topped off its latest hotel development, the P2.7 billion Grafik Hotel Collection in Camp John Hay, slated to open by the first quarter of next year. Francis Gotianun, First Senior Vice President of Filinvest Hospitality Group, leads...
The local stock market started the week lower as concerns over interest rate cuts continue to weigh on investor sentiment. The main index shed 14.9 points or 0.23 points to close at 6,368.80, pulled down by Banks and Services as a majority of sectors actually advanced. Volume was low at 298 million...
Government agencies and local government units are waiving their fees for the permits and other documents required for the construction of infrastructure flagship projects (IFPs). This is in accordance with Executive Order 59, signed by President Ferdinand Marcos Jr. in April 30, which aims to...
