The Philippine Stock Exchange index (PSEi) continued to drop as investors cashed out prior to the midweek holiday while waiting for news from the US Federal Reserve. The main index lost 48.57 points or 0.75 percent to close at 6,410.07 as the Services sector led the retreat. Volume remained weak at...
National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan said the 15 percent reduced tariff on rice was a balancing act to ensure affordable prices and protect consumers’ interest. In a statement on Monday, June 10, Balisacan said the decision was not made lightly as the...
Kilambay Plantation Corporation (KPC), a Mindanao-based agricultural service provider known for its dedication to environmental conservation and social progress having formalized an agreement with members of the Erumanen ne Menuvu tribe, said it has already operationalized 3,000 hectares of giant...
The local stock market started the weak soft, falling on profit-taking and concern over the US jobs report. The main index lost 60.12 percent or 0.92 percent to close at 6,458.64 with the Mining and Oil sector leading the decline across the board. Volume fell to 282 million shares worth P3 billion...
The Bases Conversion and Development Authority (BCDA) downplayed concerns about a looming garbage crisis in Central Luzon once the contract for the Kalangitan sanitary landfill's operations in Capas, Tarlac ended. In a statement on Monday, June 10, Delfin N. Lorenzana, BCDA chairman stated...
Filinvest Hospitality Corporation, the hospitality arm of Gotianun-led Filinvest Development Corporation, is beefing up its portfolio by enhancing its established hotel brands and introducing new hotel and food and beverage (F&B) offerings. Francis Gotianun is the Senior Vice President of...
The Philippines and France have inked a financial and development cooperation agreement aimed at tackling poverty and fostering inclusive growth for Filipinos, the Department of Finance (DOF) announced. On June 7, Finance Secretary Ralph G. Recto and Ambassador Extraordinary and Plenipotentiary of...
The Bases Conversion and Development Authority (BCDA) vowed to transform New Clark City in Tarlac into a leading industrial hub that will attract both local and foreign investors. In a statement, Joshua M. Bingcang, BCDA president and chief executive officer, affirmed this commitment following...
The local stock market was up by only a few points as investors wait for more catalysts. The main index added 8.90 points or 0.14 percent to close at 6,518.76 led by Banks while Conglomerates were in the red. Volume was higher at 579 million shares worth P5.05 billion aa losers edged out gainers 90...
Local share prices continue to benefit from improved sentiment following the release of May’s inflation number which turned out to be lower than feared. The main index rose by 68.54 percent or 1.06 percent to close at 6,509.86 as the Services sector led the advance although Miners retreated....
The Export Development Council (EDC), a public-private partnership created under the Export Development Act, may temper down the export growth targets in the Philippine Exports Development Plan (PEDP) in light of local and global realities hounding the country’s export performance. ...
The local stock exchange recovered some of the previous day’s losses following gains in US equities and the release of the May inflation data. The main index added 54.90 points or 0.86 percent to close at 6,441.32 with Conglomerates leading the advance while the Industrial and Mining...
