Local equities snapped a two-day winning streak on Thursday, Feb. 12, as investors moved to lock in gains from recent rally, tracking the broader retreat in global markets following strong United States (US) labor data. The Philippine Stock Exchange index (PSEi) declined 27.57 points, or 0.42...
Senator Raffy Tulfo asked the Department of Transportation (DOTr) on Thursday, Feb. 12, to study filing murder charges against Aleson Shipping Lines, which owns the sunken MV Trisha Kerstin 3 that killed 51 passengers. "Pag-aralan niyo po kung baka pwedeng murder (Please study whether murder...
Pacific Online Systems Corp., a gaming unit of Belle Corp., is abandoning its foray into online betting and divesting from an e-casino venture following the government crackdown on digital gambling licenses. In two disclosures to the Philippine Stock Exchange Pacific Online said the company will...
The Philippines’ first-ever maritime affairs spokesman has urged the Chinese embassy in Manila to “be constructive in its statements” amid its escalating word war with Filipino officials. Department of Foreign Affairs (DFA) Maritime Affairs spokesman Rogelio Villanueva on Wednesday, Feb. 11,...
Local stocks extended a winning streak to a second session as strengthening peso lured investors back to the equity market, pushing the benchmark index to its highest level in nearly seven months. The Philippine Stock Exchange index (PSEi) advanced 24.22 points, or 0.37 percent, to settle at...
The Department of National Defense (DND) formally received five coastal radar systems from Japan during a handover ceremony at Camp Aguinaldo in Quezon City on Wednesday, Feb. 11. DND Secretary Gilberto Teodoro Jr. said the systems are expected to enhance the Philippine Navy’s (PN) coastal...
The Philippine Navy (PN) on Wednesday announced that its Northern Luzon Naval Command (NLNC), through landing craft BRP Waray (LC-288), delivered some 80 tons of building materials and other items needed for construction and other development projects in Calayan Island, Cagayan. In a statement, the...
The antitrust watchdog Philippine Competition Commission (PCC) has greenlighted the joint venture (JV) between the Yuchengco and Aboitiz families to develop a 184-hectare (ha) industrial park in Tarlac province as an expansion of Lima Land Inc.’s TARI Estate. With PCC clearance, Yuchengco...
China has declared 16 officials of the municipality of Kalayaan banned from entering the mainland, Hong Kong and Macao in response to their move to declare Chinese Ambassador in Manila Jing Quan unwelcome from the islands. Banned from China are: 1. Beltzasar S. Alindogan 2. Maurice...
The PSEi surged as the stronger Peso and rise in foreign investments fueled today’s rally. The main index jumped by 125.44 points or 1.98 percent to close at 6,474.60 with the Services sector leading the charge across the board. Volume was weak though at 754 million shares worth P6.86 billion as...
Despite the Philippines having multiple spokespersons on maritime, the country 's stance and messaging over maritime issues will remain consistent and unified, Malacañang said. The existing spokespersons tackling maritime issues, such as the West Philippine Sea and National Maritime Council,...
San Miguel Global Power Holdings Corp. (SMGP) has secured the highest possible credit rating for its planned ₱30 billion bond issuance, as the energy giant leverages recovery in earnings and massive expansion pipeline to bolster its financial standing. Philippine Rating Services Corp....
