Negros Occidental Gov. Eugenio Jose Lacson on Friday said that the financial assistance program for barangays in the province will be temporarily put on hold because of the current situation in the Middle East. Lacson made the announcement during the annual distribution of financial aid to several...
The Philippine Stock Exchange index (PSEi) dropped back to the 6,000 level on Friday, March 13, as global markets reacted to Iran’s intent to close the Strait of Hormuz and send oil prices to $200 a barrel. The main index dropped 54.64 points, or 0.89 percent, to close at 6,058.94. The mining...
Local stocks retreated as the resurgence in global crude oil prices and the weakening peso soured investor sentiment, overshadowing gains in the conglomerate sector. The Philippine Stock Exchange index (PSEi) dropped 44.75 points, or 0.73 percent, to finish at 6,113.58 in Manila. While the services...
Senator Raffy Tulfo welcomed the Senate 's approval on second reading of the “Free OFW Financial Literacy Education Act” or Senate Bill (SB) No. 1910 on Wednesday, March 11. Tulfo, principal sponsor and one of the authors of SB No. 1910, said the timely bill provides for free financial...
In times of war, leadership is measured not in speeches but in presence and coherent action. War is never distant; it comes crashing into markets, highways, and kitchens. When missiles fly in one part of the world, every nation feels the ripple – oil prices spike, supply chains strain, and...
Local stocks climbed for a second consecutive session as investors scooped up beaten-down shares, tracking the broader shift in sentiment fueled by expectations of a massive release of global oil reserves. The Philippine Stock Exchange index (PSEi) advanced 31.67 points, or 0.52 percent, to finish...
Tourism has always been one of the Philippines’ greatest levers for economic growth. Few countries are as naturally blessed; we boast world-ranking beaches, pristine mountains, a profound cultural heritage, and a people who welcome visitors with genuine warmth. Yet, when I compare our tourism...
The local stock market lost ₱671.7 billion in market capitalization on Monday, March 9, as the benchmark Philippine Stock Exchange Index (PSEi) plunged to the 6,000 level after the Iran war fueled a surge in oil prices while the peso plunged to a new record low. Philippine Stock Exchange (PSE)...
A total of 349 families who lost their homes in a huge fire that hit Gates 9 to 12 of Parola Compound in Tondo, Manila, last March 6 were given financial and social assistance by the city government as they continue to recover from the disaster. According to Manila Mayor Francisco "Isko Moreno"...
Just like bourses worldwide, the Philippine stock market will mainly be influenced by developments in the Middle East, where the war started by the United States (US) and Israel against Iran is threatening the global supply chain and sending oil prices through the roof. While share prices have...
Stock benchmark tumbled to end the week on a somber note, joining the regional retreat as escalating geopolitical tensions in the Middle East drove the peso back toward record lows and clouded the outlook for domestic inflation. The Philippine Stock Exchange index (PSEi) shed 60.12 points, or 0.94...
When leaders in politics and business get away with whatever they please, the damage is not confined to a single scandal, administration, or balance sheet. The deeper injury is institutional. Impunity—the absence of credible consequences for wrongdoing—reshapes incentives across society. It...
