The local stock market rose to rest just above the 6,500 level on the last trading day before Christmas on the back of higher US bourses. The main index added 31.77 points or 0.49 percent to close at 6,501 as the Industrial sector led the advance while Banks dipped into the red. Volume fell to 536...
The Securities and Exchange Commission (SEC) exempted the Philippine Stock Exchange (PSE) from the 20 percent cap of ownership so it can acquire full ownership of the Philippine Dealing System Holdings Corporation (PDS Group). In a statement, the SEC said it has approved the application of the PSE...
Philippine Rating Services Corporation (PhilRatings) has assigned National Reinsurance Corporation of the Philippines (Nat Re), the country’s sole professional reinsurer, a financial strength rating of PRS A with a Stable Outlook. An insurer rated PRS A has strong financial security...
The Philippine National Police (PNP) has not monitored any serious or credible threat to security ahead of the Christmas Day celebration next week. PNP spokesperson Col. Jean Fajardo said all security measures were already laid out to ensure a peaceful and joyous Christmas celebration for the...
Philippine Red Cross (PRC) Chairman and Chief Executive Officer (CEO) Richard Gordon expressed sorrow and outrage over the violent killing of a PRC employee’s father during the holiday season. PRC “I denounce the killing of Romeo Lagado, a 59-year-old family man, who was stabbed to death by two...
Over 25 million Filipinos were struggling to meet their basic needs, including food, due to insufficient income, the Philippine Statistics Authority (PSA) reported on Friday, Dec. 22. The PSA's preliminary 2023 First Semester Official Poverty Statistics showed that about 22.4 percent of the...
​China said it is hoping that the Philippines will decide "rationally" after it demanded the latter to act with caution amid the row over the West Philippine Sea. Wang Wenbin, spokesman for China's Foreign Ministry, said Beijing has not toned down its position on its sea dispute after...
House Speaker Martin Romualdez (Speaker’s office) House Speaker Martin Romualdez has reiterated his commitment to having the defense of the West Philippine Sea (WPS) adequately funded. "We are resolute in our goal to ensure a future where our...
Senators have spoken their minds on China's recent pronouncements wherein it blamed the Philippines for the rising tensions in the West Philippine Sea (WPS). China said it was open to a dialogue with the Philippines to settle maritime disputes after President Marcos noted that Manila’s diplomatic...
President Marcos said that the Philippines remains unfettered amid tensions in the West Philippine Sea as he urged Filipino soldiers to be courageous and firm in preserving and upholding the country's territorial integrity. President Ferdinand 'Bongbong' Marcos Jr. (RTVM Screenshot) Marcos said...
The Japanese government has turned over an Air Surveillance Radar System to the Philippine Air Force (PAF) as a sign of Japan’s commitment to support the Philippines’ armed forces, Japanese Ambassador to the Philippines Koshikawa Kazuhiko said on Thursday, Dec. 21. In a post on X (formerly...
The Philippine Stock Exchange index (PSEi) dropped as investors continue to cash out of the market due to the coming holidays. The main index lost 51.52 points or 0.79 percent to close at 6,469.23 as the Property sector led the retreat while Banks bucked the trend. Volume rose to 1.99 billion...
