Local share prices jump on hopes that the Fed will cut rates in September. The main index rose by 74.74 points or 1.13 percent to close at 6,693.83 with Banks leading the charge. However, volume was low at 450 million shares worth P4.39 billion as gainers beat losers 104 to 75 with 50 unchanged....
United States Defense Secretary Lloyd Austin III (middle) visits the Philippine Navy’s (PN) Naval Operating Base in Subic, Zambales on July 31, 2024. He was accompanied by PN chief Vice Adm. Toribio Adaci Jr. (right most). (Photo: PN) United States Defense Secretary Lloyd Austin III inspected the...
Zobel-led Bank of the Philippine Islands is considering undertaking a public offering of ASEAN green bonds every quarter following the success of its P5 billion 1.5-year Peso-denominated fixed-rate Sustainable, Environmental, and Equitable Development Bonds due 2026. In a media briefing, BPI Senior...
The Philippine Basketball Association (PBA) will start entertaining renewals of its Privilege Membership Cards (PMCs) for the 49th Season starting Monday, Aug. 5, onwards. New applicants may apply starting August 19, 2024. PMC prices are Php 9,000.00 for Premium/VIP, Php 8,000.00 for...
A Vietnamese fishing boat sinks inside the vicinity waters of Quirino (Jackson) Atoll in the West Philippine Sea (WPS). (Photo: Philippine Navy) A Vietnamese fishing boat submerged inside an atoll in the West Philippine Sea (WPS), the Philippine Navy (PN) disclosed on Thursday, Aug. 1. PN...
Meralco PowerGen Corporation, the power investment arm of Manila Electric Company, is eyeing to secure approval from the Philippine Competition Commission (PCC) on the triarchy deal that it sealed for the $3.3 billion integrated liquefied natural gas (LNG) project in Batangas province. MGen...
The Philippine Chamber of Commerce and Industry (PCCI) is calling for a comprehensive impact assessment of the proposal to set a new benchmark for healthy processed food products to evaluate its potential economic and social implications. Eunina V. Mangio, PCCI president, said in a statement on...
The local stock market pauses from its recent slide as investors anticipate that interest rate cuts are coming soon. The PSEi added 12.73 points or 0.19 percent to close at 6,619.09 with the Mining sector leading the advance while the Property counter lagged behind. Volume rose to 421 million...
The $500-million military financing pledged by the Untied States to the Philippines would definitely give the country’s defense posture a big boost, especially in defending its territory and maintaining peace in the Indo-Pacific region, Sen. Juan Miguel “Migz” Zubiri said. In welcoming...
Senate President Francis “Chiz” Escudero on Wednesday, July 31 welcomed the United States government’s groundbreaking decision to allocate an additional $500-million in military financing to the Philippines. Escudero said this substantial investment aimed at modernizing the Armed...
Chief Presidential Legal Counsel Juan Ponce Enrile (PCO) Chief Presidential Legal Counsel and former Senate President Juan Ponce Enrile called on members of a House of Representatives joint panel to help spread the reach of economic development in...
The newly collected data from the completed seismic surveys of Israeli firm Ratio Petroleum and state-run Philippine National Oil Company-Exploration Corporation (PNOC-EC) will enable a comprehensive assessment of the actual reserves’ potential for oil and gas at their service contracts in the...
