Financial technology (fintech) companies in the Philippines are poised to overtake brick and mortar banks, debt-watcher Moody’s Investors Service said. In a commentary on Thursday, July 15, Joyce Ong, Moody’s analyst said that fintech has “abundant room” for growth in the country as 70...
Two years after its Financial or Technical Assistance Agreement (FTAA) with the Philippine government expired, Australian-Canadian miner OceanaGold Corporation (OceanaGold) is now allowed to resume the operations of its gold-copper mining project in the country until 2044. This is on condition...
The local stock market recovered some of the previous day’s losses after some major investors picked up bargains. PH STOCKS The main index rose 40.28 points or 0.59 percent to close at 6,835.41 as Holding Firms led the bounce while the Property and Services counters continued to retreat. Volume...
The Armed Forces of the Philippines (AFP) has received P5 million of financial assistance from two congressmen and a group of businessmen for the victims of the C-130 military plane crash in Patikul, Sulu over a week ago. Lt. Gen. Erickson Gloria (left), vice chief of staff of the Armed Forces of...
The local stock market fell after the outlook for the country’s credit rating was downgraded by Fitch Ratings. The PSEi lost 118.74 points or 1.72 percent to close at 6,795.13 as the Property and Holding Firms sectors led the retreat across the board. Volume was higher but still thin at 1.89...
The local stock market bounced off last week’s losses on bargain-hunting spurred by upbeat US bourses. PH STOCKS The main index rose 78.95 points or 1.15 percent to close at 6,913.87 as the Services and Mining and Oil counters led the advance across the board. Volume remained tepid though with...
The local stock market ended the week in a low note, giving way to corrective pressures on concern over the threat posed by the COVID -19 Delta variant to the global economy. PH STOCKS The main index fell 90.07 points or 1.30 percent to close at 6,834.92 after trading much lower intraday. Holding...
The local stock market declined for the third day due to absence of market-moving news. The PSEi dipped 18.01 points or 0.26 percent to close at 6,924.99 with only the Services and Mining and Oil counters advancing. PH STOCKS Volume remained thin at 1.36 billion shares worth P5.04 billion as losers...
To improve literacy of Filipinos, the Department of Education (DepEd) has expanded and intensified the integration of financial education in the K to 12 Basic Education Curriculum. To help improve literacy of Filipinos, DepEd expands financial education in K to 12. (Photo from DepEd) “Financial...
Foreign and local business groups in the country have urged the passage of 17 priority bills by the 18th Congress during its third and final session year that will commence on July 26. The letter sent to President Rodrigo Duterte was signed by 15 business groups, including eight Philippine...
The local stock market continued to lose ground after failing to stay above the 7,000 level. The PSEi shed 49.43 points or 0.71 percent to close at 6,943.00 as share prices fell across the board with the Services counter leading the retreat. PH STOCKS Volume was anemic at 1.7 billion shares worth...
The local stock market weakened despite the announcement of a lower inflation rate as investors opted to sell on news. PH STOCKS The main index dropped 43.95 points or 0.62 percent to close at 6,992.43 with the Property sector registering the biggest decline while the Services counter was the only...
