The Philippine government has already finalized the updated Financial and Technical Assistance Agreement (FTAA) with Australian-Canadian miner OceanaGold Corporation (OceanaGold) nearly two years since the major mining deal expired. MGB Director Wilfredo Moncano (Photo credit:...
The Pateros municipal government has started on Tuesday, April 13, the payout of the national government’s financial assistance to residents affected by the enhanced community quarantine (ECQ) but warned that it will be slow due to lack of manpower. Distribution of the financial assistance...
Local share prices weakened as new COVID cases remain high while the death rate is rising. The main index shed 26.53 points or 0.41 percent to close at 6,518.64 with only the Financials counter inching up. A total of 2.43 billion shares worth P5.97 billion changed hands as losers beat gainers 120...
The fate of the stock market this week is seen to hinge on whether or not the growth of new COVID-19 cases in the country is arrested and if the imposition of strict quarantine measures will be extended further. (Photo credit: https://www.pse.com.ph) “Investors are expected to take cues from our...
The local stock market rose as bargain hunters picked up shares late in the session on the back of gains in the US. PSE file photo The main index rose 52.06 points or 0.81 percent to 6,495.15 with only the Property sector retreating. Volume dropped to 1.85 billion shares worth P5.36 billion as...
The local stock market is seen to continue falling as COVID-19 cases in the Philippines remain on the uptrend while investors see the CREATE Law as not enough to help listed firms hurdle their pandemic-related problems. “Next week, we still see a downward bias for the local market as our COVID-19...
The local stock market fell as investors cashed out ahead of the uncertainties that shroud the long weekend. Photo credit: PSE file. The main index dropped 102.46 points or 1.57 percent to close at 6,443.09 as share prices fell across the board. Volume improved but remained low at 2.4 billion...
The Philippine stock market is seen to weaken further this short trading week as COVD-19 cases continue to surge, sparking talks of the imposition of even more stringent lockdown measures—the government’s main tool in trying to keep infections down. “The local market may decline next week as...
The local stock market weakened as investors booked profits ahead of the weekend and rising new COVID-19 cases. The main index shed 36.37 points or 0.55 percent to close at 6,544.63 with sectoral indices evenly mixed. Volume remained low at 4.91 billion shares worth P6.28 billion as gainers...
Not too many professions provide limitless opportunities to succeed and the privilege to help other people at the same time. Such lines of work take on even greater significance during this public health and economic crisis when lives and livelihoods are at risk. For Richmond Sy Baguno, being a...
Share prices continued to rise ahead of the Bangko Sentral policy meeting and on the arrival of more vaccines. Photo credit: PSE Information Desk The PSEi jumped 83.99 points or 1.29 percent to close at 6,581.00 although the Financials sector retreated slightly. Volume was low though at...
DDMP REIT Inc., the real estate investment trust subsidiary of DoubleDragon Properties Corporation, successfully listed its shares at the Philippine Stock Exchange but its performance was not as hot as many anticipated. The firm’s shares closed flat at its initial...
