The Philippines was ranked sixth among the Association of Southeast Asian Nations in terms of access to basic sanitation services, a study from the National Economic and Development Authority (NEDA) revealed. In a policy note on the Philippine water sector, the NEDA stated that while 97.6 percent...
Lower than anticipated inflation in the US for April boosted local stocks as investors again raise their hopes for an interest rate cut. The main index jumped 69.57 points or 1.06 percent to close at 6,628.20 as the interest rate sensitive Property sector surged while Banks declined. Volume rose to...
The National Economic and Development Authority (NEDA) has greenlit a P2.75 billion project designed to propel infrastructure development in line with the country's sustainable development goals. Known as the Facility for Accelerating Studies for Infrastructure, or FAST-Infra project, NEDA said it...
Electric motorcycles and bicycles will now enjoy lower tariff rates following its inclusion to the list of vehicles under the Executive Order (EO) No. 12 The National Economic and Development Authority Board approved the recommendations of the Committee on Tariff and Related Matters on the review...
The local stock market dropped as investors exercised caution ahead of the Bangko Sentral ng Pilipinas meeting in Thursday. The main index lost 49.73 points or 0.75 percent to close at 6,558.63 as Conglomerates led the retreat with only the Industrial sector advancing. Volume improved to 464...
Filinvest Development Corporation (FDC), the investment arm of the Gotianun Group, reported a 36 percent hike in attributable net income to P2.9 billion in the first quarter of 2024 from P2.2 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said...
The Department of Human Settlements and Urban Development (DHSUD) is eyeing the establishment of what it described as moden mass housing within the vicinities of Clark Special Economic Zone (CSEZ) and the Clark Freeport Zone (CFZ) in a bid to support the manpower needs for the economic development...
Repower Energy Development Corp. (REDC) reported a surge in net income for the first quarter, fueled by the strong performance of its mini run-of-the-river hydropower plants. In a disclosure to the Philippine Stock Exchange on Wednesday, May 15, REDC, a subsidiary of Pure Energy Holdings Corp.,...
Finance Secretary Ralph G. Recto said that the national government will expand the authorized capital stock of the Land Bank of the Philippines (Landbank) to P1 trillion. Recto told reporters that the amendments to the charters of the two major state-run banks Landbank and the Development Bank of...
The local stock market was slightly higher as investors wait for the US inflation numbers and results of the Bangko Sentral policy meeting. The main index eked out a 4.11 point or 0.06 percent gain with sectoral indices evenly split. Volume amounted to 498 million shares worth P4.92 billion as...
The Securities and Exchange Commission (SEC) has approved the second tranche of the ASEAN fixed rate green bonds issuance of Lopez-led Energy Development Corporation (EDC) which is targeting to raise P6.0 billion with an oversubscription allotment of P4.0 billion. EDC President and COO Jerome H....
The local stock market bounced on strong investments data and hope for lower US inflation numbers. The main index jumped 92.32 points or 1.42 percent to close at 6,604.25 as the Services banking sectors surged. Volume was hefty at 947 million shares worth P11.01 billion as gainers beat losers 118...
