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...
Local equities snapped a three-day losing streak on Tuesday, March 17, as investors engaged in selective bargain hunting, though gains remained capped by persistent anxiety over geopolitical tensions and the trajectory of interest rates. The Philippine Stock Exchange index (PSEi) advanced 19.46...
D&L Industries Inc. does not expect any material impact on its business under current market conditions following the filing of a bill in Congress that would allow the temporary suspension of mandatory biofuel blending in the Philippines. The firm informed the Philippine Stock Exchange (PSE) on...
Local stocks retreated for a third consecutive session on Monday, March 16, briefly sliding below the critical psychological threshold as the escalating conflict in the Middle East pressured the local currency and fueled concerns over imported inflation. The Philippine Stock Exchange index (PSEi)...
