Only representatives from three government agencies – Department of Finance (DOF), Department of Budget and Management (DBM), and Department of Justice (DOJ) – will have the final say on how the Coconut Farmers and Industry Trust Fund (CFITF) will be managed and use. Based on the Republic Act...
SB Finance’s two major shareholders, Security Bank Corporation and Thailand’s Bank of Ayudhya (commonly named as Krungsri), have obtained their respective internal approvals to infuse P3 billion in additional capital to the company. In a disclosure to the Philippine Stock Exchange,...
The Bangko Sentral ng Pilipinas (BSP) reported Monday that gross international reserves (GIR) dipped to $108.799 billion in January from December 2020’s $110.117 billion due to government withdrawals to pay for foreign-denominated loans, and changes in the price of gold. The BSP in a statement...
The stock market weakened as investors continued to pocket gains while waiting for more cues to buy up stocks. Photo credit: https://www.pse.com.ph The main index dropped 31.8 points or 0.45 percent to close at 6,959.21 with only the Financials and Mining and Oil counters holding their...
Advice on how to mix marriage and money Valentine’s Day is commonly celebrated as a day of love. It escapes us that this day is meant to celebrate the life of St. Valentine . He was a Christian bishop who was killed in 270 AD. He lived in Central Italy and was responsible for secretly solemnizing...
The National Economic and Development Authority (NEDA), the country's chief economic development planner, said the country needs to strike a better balance in managing the health and economic threats, particularly in Metro Manila where almost a quarter of its population suffer from hunger. Acting...
Finance Secretary Carlos G. Dominguez III has commended the Bureau of Customs for its better-than-expected revenues last year while ensuring the free flow of goods and redoubling its campaign against smuggling. During the Customs anniversary celebration last Tuesday, Dominguez said the...
The Philippine stock market gained a little more ground as investors are cautiously becoming more optimistic because of developments here and overseas. PSE file photo The benchmark PSEi moved up 16.60 points or 0.24 percent to close at 7,082.15 although the Financials and Industrial counters...
The local stock market chalked up some gains as losers investors were encouraged by a new US stimulus package and the arrival of vaccines in the Philippines. The main index rose 41.07 points or 0.59 percent to close at 7,065.55 with sectoral indices evenly mixed. Volume improved to 30.44 billion...
The Philippine government is eyeing a way bigger minimum access volume (MAV) allocation, or about 388,790 metric tons (MT), for pork. This is just one of the proposals of the Department of Agriculture (DA) in terms of addressing the shortfall in the supply of the commodity as well as bring down its...
The PSEi managed to wipe out early losses to end in positive territory as investors were quick to buy back shares. The main index inched up by 5.30 points or 0.08 percent to close at 7,024.48 with only the Property and Holding Firms counters retreating. Volume improved to 29.55 billion shares worth...
The local stock market ended the week on a high note despite the inflation rate rising faster than expected. The main index jumped 115.43 points or 1.67 percent to close at 7,019.18 as share prices rose across the board led by the Property sector. Photo credit: PSE Information Desk However, volume...
