Senator Mark Villar, chairman of the Senate Committee on Banks, Financial Institutions and Currencies, pushed for the passage of the proposed Anti-Financial Account Scamming Act (AFASA) to ensure that no scammers will be able to defraud Filipino banking consumers in the long run. Sen. Mark...
The Philippine Stock Exchange index (PSEi) ended flat on low volume although the broader market was weak as investors wait for results of the US Federal Reserve and Bangko Sentral ng Pilipinas (BSP) meetings this week. The main index shed 1.77 points or 0.03 percent to close at 6,124.57 with...
With last week’s trading at the stock market swayed by inflation data that gave clues on US interest rate movements, investors this week will get to actually see what the US Federal Reserve will do in reaction to this data. “The policy meetings of the Federal Reserve and the Bangko Sentral ng...
Local share prices fell to its lowest closing since October 26, 2022 as foreign funds sold stocks to rebalance their portfolios in line with changes in the FTSE index. The PSEI dropped 82.06 points or 1.32 percent to close at 6,126.34 as the Property counter suffered the biggest loss among...
Ilocos Norte 1st district Rep. Sandro Marcos (PPAB) Presidential son, Ilocos Norte 1st district Rep. Sandro Marcos wants Filipino workers to excel in financial literacy and have their own small business. For this purpose, Marcos, the House senior deputy...
CAGAYAN DE ORO CITY – A group of rice retailers from one of the biggest markets in this city that has been affected by the price ceiling has urged the government not to delay the release of cash assistance. THE Department of Agriculture-Region 10, together with the Cagayan de Oro City Price...
BACOLOD CITY – The Department of Social Welfare and Development (DSWD) provided financial assistance totaling P945,000 to 63 micro rice retailers in 12 areas in Negros Oriental on Thursday, September 14. SIXTY-THREE micro rice retailers from Negros Oriental receive subsidy totaling P945,000 from...
The local stock market bounced from the previous day’s drop after US inflation figures indicate that the US Federal Reserve may keep rates steady. The main index rose 59.22 points or 0.96 percent to close at 6,208.40 as Conglomerates led the advance across the board. Volume declined to 412...
CEBU CITY – The Department of Social Welfare and Development-Central Visayas (DSWD-7) will distribute cash assistance amounting to P1.3 million to micro rice retailers who were affected by the enforcement of the rice price cap. The DSWD-7 announced on Wednesday, September 13, that there will be...
ZAMBOANGA CITY – Eleven rice retailers here each received P15,000 aid from the government on Thursday, September 14. It compensates their losses in the implementation of Executive Order 39 that placed a price cap on regular and well-milled rice. The financial assistance under the Department of...
The local stock market fell to a one-year low as investors exercise caution before the release of US inflation data. The main index plunged 81.02 points or 1.30 percent to close at 6,149.18 as Conglomerates registered the biggest drop while the Mining and Oil sector stayed in the green....
The Philippine Stock Exchange index (PSEi) was a tad lower as some investors took profits although most still stayed on the sidelines while waiting for US inflation numbers. The main index shed 3.54 points or 0.06 percent to close at 6,230.20 with sectoral indices equally divided. Volume...
