The Philippine Stock Exchange index (PSEi) surged on Tuesday, March 31, as investors pounced on undervalued stocks following signs of easing geopolitical tensions in the Middle East and fortification of the nation’s fuel reserves. The benchmark PSEi jumped 79.45 points, or 1.35 percent, to finish...
The Philippine Stock Exchange index (PSEi) fell on Monday, March 30, as the conflict in the Middle East worsens despite efforts by the United States (US) to pursue a more diplomatic tack to break Iran’s blockade of the Strait of Hormuz. The main index plunged by 103.34 points, or 1.73 percent, to...
The Philippine Stock Exchange index (PSEi) was slightly lower on Friday, March 27, after the peso slid to a new low amid high oil prices fueled by the conflict in the Middle East. The main index shed 11.37 points, or 0.19 percent, to close at 5,972.83. Miners led the correction, while conglomerates...
Local stocks surged back above the 6,000 threshold on Wednesday, March 25, as investor sentiment shifted toward optimism following reports that the United States (US) has entered formal negotiations with Iran. The prospect of a diplomatic resolution to Middle East tensions sparked a broad-based...
D&L Industries Inc., the Philippines’ largest producer of specialty plastics and oleochemicals, warned that the conflict in Iran will disrupt global supply chains for months, clouding the outlook for the company that just reported a double-digit rise in annual profit.
In a virtual briefing on...
Shared values of unity, compassion, and service should continue to bind the nation even amid rising global tensions. This was underscored by the Office of the Presidential Adviser on Peace, Reconciliation and Unity (OPAPRU) and the Department of National Defense (DND) as Muslim Filipinos marked...
Filipino Muslims gathered at the Quezon Memorial Circle in Quezon City on Saturday, March 21, to celebrate Eid’l Fitr, marking the end of the holy month of Ramadan. Worshippers offered early morning prayers as part of the celebration, following a month of fasting, prayer, and spiritual...
President Marcos joined Muslim Filipinos in celebrating Eid’l Fitr, emphasizing that the occasion is a reminder of compassion, unity, and shared responsibility in building a stronger nation. “In the name of Allah, the Most Just and the Most Merciful, I join our Muslim Filipino brothers and...
ZAMBOANGA CITY – The Darul Ifta of Bangsamoro and the Zamboanga Peninsula and Palawan said Eid’l Fitr will be on Saturday, March 21. “The Bangsamoro Darul Ifta-BARMM formally pronounces that the moon has not been sighted tonight,” said the Darul Ifta-BARMM. “Therefore, the Eid’l Fitr...
Local stocks retreated as the peso plummeted to a record low, breaching the psychologically significant 60-per-dollar level, while investors trimmed positions ahead of a long weekend amid escalating geopolitical tensions. The Philippine Stock Exchange index (PSEi) slipped 36.84 points, or 0.6...
Employees observing Eid’l Fitr on Mar. 20 are entitled to 200-percent pay if they report for work and full pay if on approved leave, the Department of Labor and Employment (DOLE) reminded employers in its latest guidance. The regular holiday, declared under Proclamation No. 1189, Series of 2026,...
MREIT Inc., the real estate investment trust (REIT) of Andrew Tan-led Megaworld Corp., has secured the Securities and Exchange Commission’s (SEC) approval for the fourth wave of its property-for-share swap transaction worth ₱16.2 billion. This paves the way for MREIT to proceed with the...
