The local stock market is in for a bumpy ride this year as it will kick off with concerns over a surge in COVID-19 cases possibly due to the highly-transmissible Omicron variant plus the volatility due to the coming elections. “In the latter part of 2021, fears have fueled on the Omicron variant...
The Philippine stock market benchmark index PSEi plunged 2.89 percent on the last trading day of 2021 to 7,122.63. This drop pulled the index to slightly lower than its 7,139.71 close in 2020 when the market was also reeling from the impact of the pandemic. The All Shares index shed 10.6 percent...
The local stock market plunged on the last trading day of the year on fears that the recent rise in COVID-19 cases is the start of a new surge of infections due to the Omicron variant. The PSEi fell 211.93 points or 2.89 percent to close at 7,122.63 as Holding Firms and Banks led the retreat across...
Over 4.7 million workers in the formal and informal sectors who have been affected by the ongoing COVID-19 pandemic received aid from the Department of Labor and Employment (DOLE) this year. Labor Secretary Silvestre Bello III leads the payout of salaries to 1,500 beneficiaries under the Tulong...
In an effort to strengthen to financial literacy in basic education, the Department of Education (DepEd) launched a search for best supplemental learning materials. JOJO RINOZA / FILE PHOTO / MANILA BULLETIN In partnership with the BDO Foundation Inc. and Huawei Technologies Phils. Inc., DepEd said...
The Muntinlupa City government has identified more local government units (LGUs) that will benefit from its P20 million financial assistance to areas hit by typhoon “Odette.” Mayor Jaime Fresnedi signed Ordinance No. 2021-303 on Dec. 24 allotting P20 million financial assistance to 38 LGUs...
The PSEi breached the 7,300 level as investors easily pushed up share prices amid thinning volume. The main index rose 48.06 points or 0.66 percent to close at 7,334.56 as the Mining and Oil and Property sectors led the rally although the Holding Firms’ counter slipped into the red. Volume dipped...
Cabinet Secretary Karlo Nograles said the national government aims to have the cash assistance for typhoon "Odette" victims ready for download to the affected local government units (LGUs) by Wednesday, Dec. 29. President Rodrigo Duterte (right) leads a recent distribution of relief goods to...
The local stock market rose on year-end window dressing and some optimism over stronger holiday spending. The main index gained 31.70 points or 0.44 percent to close at 7,286.50 as the Mining and Oil counter led the advance while the Property sector was the sole decliner Volume improved but was...
Senator Sherwin Gatchalian on Tuesday called on the Department of Trade and Industry (DTI) to boost its information campaign on the availability of soft loans and financial grant programs to micro, small and medium enterprises (MSMEs) that were affected by Typhoon Odette. Gatchalian said doing so...
The local stock market managed to rise after trading weaker in the morning as few investors still trading start positioning for 2022. The PSEi hiked 72.94 points or 1.02 percent to close at 7,254.80 as the Financials and Services sectors led the advance although the Industrial counter retreated....
Re-electionist Senator Richard Gordon on Monday called on banks to enforce tighter online security to prevent hackers from stealing from clients’ accounts. Gordon, who chairs the Senate Committee on Justice and Human Rights, said banks should be more proactive in keeping their customers’ trust...
