Bargain hunters pushed the Philippine Stock Exchange index (PSEi) higher on Thursday, Oct. 23, despite the continued weakness of the peso. The main index increased by 23.09 points, or 0.38 percent, to 6,053.96. Sectoral indices were evenly mixed. Volume dropped to 1.42 billion shares worth ₱4.8...
The presence of the Philippine Coast Guard (PCG) alone in the West Philippine Sea brings hope to Filipino fishermen who constantly encounter uncertainties in their livelihood, President Marcos said. In his speech during the celebration of the 124th anniversary of PCG on Thursday, Oct. 23, Marcos...
The Department of Education (DepEd) announced on Wednesday, October 22, a mid-school year wellness break for teachers and learners from October 27 to 30, encouraging schools to allow teachers recovery time and adjust the schedule of the In-Service Training (INSET) after the break. DepEd Secretary...
The Philippine Stock Exchange index (PSEi) declined, tracking a retreat in the peso and gold prices. The benchmark PSEi shed 62.66 points, or 1.03 percent, to close at 6,030.87. Mining shares led the retreat, with only conglomerates managing to hold ground. Volume increased to 12.06 billion shares...
Public fury over flood control corruption and the toll of recent typhoons appear to have choked consumer confidence, potentially dragging the Philippines’ economic growth to a below-target 5.2 percent in the third quarter of the year. According to the latest edition of the University of Asia and...
Cue in the sad cat meow sounds since it is now official: Cavite 4th District Representative Francisco “Kiko” Barzaga, more popularly known as “Congressmeow Kiko Barzaga” online, was officially removed from the reserve force of the Philippine Army (PA). This was confirmed by PA...
GCash, the country’s largest mobile wallet, is moving to democratize access to stock market debuts by integrating the fully digital Initial Public Offering (IPO) subscription feature within its GStocks PH platform. In a statement on Wednesday, Oct. 22, GCash said the move, in partnership with...
The Philippine Stock Exchange Index (PSEi) halted a three-day losing streak, edging higher as bargain hunters entered the market, encouraged by upbeat US equities. The main index gained 9.46 points, or 0.16 percent, to close at 6,093.53 on Tuesday, Oct. 21. Only the Industrial and Services sectors...
Amid typhoons and adverse weather conditions, private construction activity in the country declined in August, with fewer projects approved even as total floor area and project value increased, according to the Philippine Statistics Authority (PSA). Preliminary data from the PSA, released on Oct....
The corruption in government projects is the main concern of the private sector this year, as embodied in recommendations presented to the government by the Philippine Chamber of Commerce and Industry (PCCI). PCCI, the country’s largest business group, presented its resolutions detailing policy...
The Energy Regulatory Commission (ERC) has eased share listing deadlines and requirements for power generation companies amid widespread difficulty among smaller firms in meeting a decades-old public offering mandate (POR). In a briefing, ERC Chairperson Francis Saturnino Juan said the commission...
The Philippine Stock Exchange Index (PSEi) dipped again, trading sideways as the market awaits corporate earnings reports and other strong catalysts to disperse the uncertainty hanging over investors. The main index shed 5.46 points, or 0.09 percent, to close at 6,084.07 on Monday, Oct. 20. Miners...
