The Philippine Stock Exchange index (PSEi) rose on Monday, Oct. 13, after investors picked up bargains as treasury yields dropped while the peso firmed up. The main index added 14.54 points, or 0.24 percent, to close at 6,052.33 on the strength of the services and mining sectors, as most of the...
President Marcos announced that the Office of the President (OP) has allocated P158-million financial assistance to local governments affected by the 7.4-magnitude earthquake that struck Davao Oriental last week. According to Malacañang, P50 million will be given to the province of Davao Oriental...
At 76 and 30 years at the helm of the diversified engineering conglomerate DMCI Holdings Inc., Chairman and President Isidro A. Consunji is starting to plan for his retirement, which will be filled with sunshine, as he shifts focus to expanding family-owned plantations covering thousands of...
The San Juan City government and the League of Cities of the Philippines (LCP) have sent financial aid amounting to P3 million to the province of Cebu following the magnitude 6.9 earthquake that hit the province on Sept. 30. San Juan City Mayor and LCP National President Francis Zamora went to the...
The Philippine Stock Exchange index (PSEi) dropped on Friday, Oct. 10, despite the Bangko Sentral ng Pilipinas ’ (BSP) policy rate cut as investor sentiment continued to be dampened by the flood control corruption scandal, weak peso, and lower foreign direct investments (FDIs). The main index...
Tycoon Manuel V. Pangilinan, who leads one of the biggest conglomerates in the country, warns of the adverse impact of the corruption scandal on the Philippine economy and credit ratings. Speaking at the 57th FINEX annual conference, he said that, because of this corruption scandal, “government...
BACOLOD CITY – The Kabankalan City government in Negros Occidental donated P300,000 in financial assistance to over 200 families affected by a recent fire in Barangay 27 here. Kabankalan Mayor Benjie Miranda turned over a check to Barangay 27 Captain Freeman Madalag at the Bacolod City Government...
The Philippine Stock Exchange index (PSEi) pulled back on profit-taking before the Bangko Sentral ng Pilipinas announced a rate cut at the close of trading hours. The main index lost 41.34 points or 0.68 percent to close at 6,057.40 on Thursday, Oct. 9, although sectoral indices were equally split....
The local government of Pasig has allocated a total of P3 million in financial assistance for the victims of the 6.9-magnitude earthquake that struck Bogo City and the Province of Cebu on Sept. 30. On Wednesday, Oct. 8, the city government turned over P1 million to Bogo City. The turnover was led...
Have you ever gotten a “business proposal” promising to double your money, or a text saying you’ve won a prize but need to deposit a small sum first? Sadly, scams are so common, reminding us that financial literacy is essential. Education has always been called the great equalizer. It...
The local stock market improved on sustained bargain-hunting as investor sentiment was lifted by encouraging employment data. The main index added 14.91 points, or 0.25 percent, to close at 6,098.74 on Wednesday, Oct. 8. Miners led the advance, while Banks and Property counters offset gains. A...
Securities and Exchange Commission (SEC) Chairman Francis E. Lim pointed to corruption as “a weapon of mass wealth destruction” as investigations into anomalous flood control projects have eroded investors ' confidence to the extent ₱1.7 trillion in market capitalization has been wiped...
