The PSEi continues its downward trend, this time falling below the 6400 level after higher US Treasury yields pulled down the Peso. The main index shed 39.66 points or 0.62 percent to close at 6,371.75 as the Property sector led the retreat while Conglomerates managed to advance. Volume rose to 666...
Construction growth and investment spending are expected to reverse in the coming months amid more investments from the private sector, National Economic and Development Authority Secretary Arsenio M. Balisacan said. Speaking at a panel during the Philippine Economic Briefing last Monday, Balisacan...
BACOLOD CITY – Mayor Albee Benitez has urged the Energy Regulatory Commission (ERC) to act on the power supply agreement between the Central Negros Electric Cooperative (Ceneco) and the Energy Development Corp. (EDC) to address the strong clamor of consumers in this city regarding the high power...
The PSEi (Philippine Stock Exchange index) continued to fall as investor sentiment was further weighed down by concern that high interest rates will prevent the local economy from hitting growth targets. The main index plunged 89.93 points or 1.38 percent to close at 6,411.41 led by the losses of...
National Economic and Development Authority Secretary Arsenio M. Balisacan said that the government should avoid giving subsidies to oil and power sectors as it would only benefit the rich. Balisacan told reporters on the sidelines of the Philippine Economic Briefing that subsidies should be aimed...
The local stock market fell as investors believe the Bangko Sentral ng Pilipinas will still not slash interest rates in the third quarter. The main index dropped 70.26 points or 1.07 percent to close at 6,591.34 as the interest rate sensitive Property sector led the retreat while Banks and Miners...
The local stock market continued to decline as foreign investors sell out amid on belief that US rate cuts will be delayed. The main index dropped 48.29 points or 0.73 percent to close at 6,571.60 as the Mining and Oil sector led the retreat while the Industrial counter bucked the trend. A...
National Economic and Development Authority Secretary Arsenio M. Balisacan said that the reduction of domestic rice prices by 20 percent in September is possible given that world prices will decline. Balisacan referred to the statement by Finance Secretary Ralph G. Recto, noting that external...
Senator Sherwin Gatchalian has urged the Inter-Agency Council Against Trafficking (IACAT) to crack down on the rampant selling of babies online, particularly on Facebook. In a press briefing, the Department of Social Welfare and Development-National Authority on Child Care (DSWD-NACC) Executive...
DAVAO CITY – Former Mindanao Development Authority head Maria Belen “Mabel” Sunga Acosta is resolute in her decision to seek legal action after her abrupt dismissal from what was believed to be a six-year position at the agency. FORMER Mindanao Development Authority chairperson Maria Belen...
Avia Estate (Artist's perspective) The strong economic growth in Mindanao has created excellent investment prospects in the real estate industry, especially as the Philippines recovers from the pandemic. With increasing demand for both commercial and residential buildings, developers are keen to...
The local stock market ended the week lower as sentiment was dragged down by the steep drop in US bourses. The main index lost 40.1 points or 0.60 percent to close at 6,619.89 led by the drop of the Property sector while Services managed to advance. Volume shrank to 557 million shares worth P4.47...
