The local stock market declined following a new round of pump price hikes and a weaker peso. The main index dropped 48.75 points or 0.78 percent to close at 6,285.19 as losses were led by the Services sector while the Industrial and Mining and Oil counters managed to advance. Volume remained anemic...
The Commission on Audit (COA) cited the Parañaque city government for its fair and transparent financial statement report on Tuesday, June 21. Mayor Edwin Olivarez and City Administrator Fernando Soriano. (Photo from Parañaque PIO) Mayor Edwin Olivarez thanked National Capital Region (NCR) COA...
As the pace of recovery from the pandemic quickens, the International Air Transport Association (IATA) upgraded its 2022 financial outlook, reducing the airline industry's expected losses to $9.7 billion, from $11.6 billion in its October 2021 forecast, a net loss margin of -1.2 percent. This is a...
The local stock market closed flat as investors wait for cues from US bourses and market-moving news. The PSEi eked out a gain of 2.38 points or 0.04 percent to close at 6,333.94 although only the Industrial and Holding Firms sectors advanced while the Property counter led decliners. Volume was...
While sentiment continues to be weighed down by rising inflation, there may be some bargain hunting as investors wait to see how the Bangko Sentral ng Pilipinas (BSP) will react to the US Federal Reserve’s rate hike. “With already two consecutive weeks of decline, we may see some episodes of...
Stocks take cue from US to resume slide Local share prices took their cues from the US and dropped again, to end one of the Philippine Stock Exchange Index’s (PSEi) worst week this year. The main index lost 61.45 points or 0.96 percent to close at 6,331.56 as Conglomerates led the retreat with...
The local stock market bounced after the announcement of an expected US rate hike and the growth in remittances. The main index rose 73.59 points or 1.16 percent to close at 6,393.01 with the Property sector leading the advance although the Services counter lagged behind. Volume declined to 647...
The Government Service Insurance System (GSIS) granted a total of P221 billion of loans to 1.38 million active members and pensioners nationwide from January 2021 to May 15, 2022. (GOVERNMENT SERVICE INSURANCE SYSTEM) “We rolled out several programs under our 'Ginhawa for All' benefit bundles to...
Allianz PNB Life continues to champion financial literacy and empowerment, this time among the Filipino youth, by coming out with a webinar entitled “Add to Life Bago Add to Cart: How to Protect and Enjoy your Adult Life”. The webinar was held last May 20, Friday, via Zoom. The webinar was...
The local stock market resumed its slide on the back of losses in Wall Street as interest rates rise ahead of the US Federal Reserves’ monetary policy meeting. The main index fell 155.11 points or 2.40 percent to close at 6,319.42 as Conglomerates and Property firms led the retreat across the...
The Pasay City government was one of the six cities in the National Capital Region (NCR) recognized by the Department of Interior and Local Government (DILG) for passing the “Good Financial Housekeeping” standards and practices for 2021. According to the Mayor Emi Calixto-Rubiano, DILG...
Pasig City was among the cities recognized by the Department of Local and Interior Government (DILG) for passing the Good Financial Housekeeping (GFH) standards and practices for 2021. The GFH evaluates and awards local government units (LGU) for their performances in terms of "financial...
