State-run Land Bank of the Philippines (Landbank) has agreed to sell its 2.15-percent stake in Philippine Dealing System Holdings Corp. (PDSHC) to the Philippine Stock Exchange (PSE), allowing the bourse to increase its stake to 80.48 percent. The PSE disclosed that it has entered into a share...
The Philippine Stock Exchange index (PSEi) made a strong bounce on Monday, Dec. 22, and recovered last Friday’s lost ground on the back of bargain-hunting and some window-dressing for the year’s end. The main index jumped by 120.39 points, or 2.03 percent, to close at 6,041.26, with the advance...
PH Resorts Group Holdings Inc., the gaming arm of embattled businessman Dennis Uy, is exploring a total pivot of its business model after losing its casino license and warning investors of a cash crunch that threatens its survival. The company confirmed in a regulatory filing on Monday, Dec. 22,...
Investors are expected to favor cash positions this week following a selloff on Dec. 19, as caution prevails ahead of the Christmas and New Year holidays. While window-dressing activities could provide a temporary lift for select Philippine Stock Exchange index (PSEi) members, the broader outlook...
The Philippine Army (PA) on Saturday, Dec. 20, expressed condolences to the families of two soldiers killed when anti-personnel mines (APMs) were allegedly detonated by New People 's Army (NPA) rebels in Balatan, Camarines Sur. According to the military, elements of the 9th Infantry Battalion...
Lucio Tan III stood on the same tarmac where his grandfather once cemented Philippine Airlines’ (PAL) global ambitions, a generational handover that pairs the flag carrier’s legacy with tech-driven pursuit of fiscal efficiency. The delivery of PAL’s first Airbus A350-1000—the centerpiece...
For decades, the Department of Education (DepEd) has struggled with one persistent problem: data. Fragmented records, manual reporting, and inconsistent information have slowed decision-making in the country’s largest bureaucracy. Less than a year after launching its Education Center for...
The Lucio Tan Group’s (LTG) lender, Philippine National Bank (PNB), has entered into a strategic partnership with Discovery Capital Finance Corp. (DCFC) through the signing of a loan facility agreement to boost financial support for small and medium enterprises (SMEs). The new loan facility...
The Department of National Defense (DND) on Thursday, Dec. 18, said that reckless and dangerous actions at sea cannot be justified as “effective control measures” as it pushed back against China’s justification for its latest interference with Filipino fishermen and government vessels in the...
The Intertropical Convergence Zone (ITCZ), northeast monsoon or “amihan,” and easterlies are affecting different parts of the country, bringing cloudy skies, scattered rains, and possible flooding and landslides, according to the Philippine Atmospheric, Geophysical and Astronomical Services...
The Department of Public Works and Highways (DPWH) expressed deep sorrow over the passing of former Undersecretary Maria Catalina “Cathy” Cabral, who served the agency for more than four decades, on Friday, Dec. 19. She was 63. In a statement, the DPWH extended its condolences to Cabral’s...
The Philippine benchmark index retreated on Thursday, Dec. 18, as investors locked in gains while awaiting crucial United States (US) inflation data for cues on the Federal Reserve’s interest rate path. The Philippine Stock Exchange Index dropped 47.54 points, or 0.78 percent, to close at...
