The local stock market rallied past the 6,800 level on some foreign buying. The main index jumped 112.80 points or 1.67 percent to close at 6,850.64 with Banks leading the charge. Volume rose to 967 million shares worth P8.89 billion as gainers beat losers 111 to 91 with 35 unchanged. 92486...
Elite forces of the Philippine Army (PA) and United States Army kicked off a month-long bilateral training drills in Palawan on Monday, August 15. Members of the Philippine Army’s Special Forces Regiment (Airborne) and U.S. Army Special Operations Command Pacific (SOCPAC) pose for a token photo...
President Ferdinand "Bongbong" Marcos Jr. disclosed that the government was looking into the possibility that food manufacturers would be able to directly import sugar to address the "worrisome" sugar problem in the country. President Ferdinand 'Bongbong' Marcos Jr. meets with the members of the...
The 28th National Retail Conference and Stores Asia Expo (NRCE) – organized by the Philippine Retailers Association (PRA), the country’s biggest organization of top-notch retailers and prime movers in the retail industry – lived up to its billing as the most important and grandest retail...
“The French-Philippine connection dates back much earlier through historic interactions among our nationals,” said Michèle Boccoz, French ambassador to the Philippines, at the launch of the yearlong celebration of the diamond jubilee of diplomatic relations between France and the Philippines....
TNT big man Poy Erram got a huge sigh of relief after the Tropang Giga pulled through and booked a spot to the finals despite his absence late in their 87-74 victory over Magnolia last Sunday. Poy Erram (PBA Images) Erram was ejected after getting assessed with flagrant foul penalty 2 with just a...
The local stock market continued to rally on growing optimism that inflation may soon ease. The main index rose 38.18 points or 0.57 percent to close at 6,737.84 as Conglomerates led the advance although the Services and Industrial counters lagged behind. Volume dipped to 1 billion shares P5.49...
Philippine Ambassador to the US Jose Manuel "Babe" Romualdez has made it clear that there was no pressure that came from the US when the ​Philippines decided to cancel its helicopter deal with Russia amid its conflict with Ukraine. Instead, it was only a "practical thing" for the country to...
Philippine National Bank reported a 50 percent drop in net income to P11.1 billion in the first half of 2022 from the P22.1 billion posted in the same period last year which had included a substantial non-recurrring gain. In a disclosure to the Philippine Stock Exchange, the bank said it recognized...
More than two million Filipinos were pushed into poverty in the last three years, which the National Economic and Development (NEDA) blamed to the effects of the prolonged Covid-19 pandemic on the economy and employment that brought to 19.99 million total number of poor Filipinos in the country....
This week, investors will see if the local stock market is strong enough to reach for the 7,000 or succumb to profit-taking pressures as the earnings season winds to a close. “Last week’s run shows that there is positive momentum building in the local market. For next week however, the local...
The Philippine Stock Exchange is hoping to help companies raise up to P200 billion in fresh capital this year as it expects a record number of initial public offerings this year. In a press briefing after the bourse’s annual stockholders’ meeting, PSE President Ramon S. Monzon said they have so...
