State-run Philippine Amusement and Gaming Corp.’s (Pagcor) plan to separate its dual roles as a gaming watchdog and player has become clearer and is now taking shape following its chief’s reiteration of the move. “Pagcor’s dual role has served its purpose in the past, but as the industry...
Global Ferronickel Holdings Inc. (FNI) is urging the release of its embattled chairman, Joseph Sy, who continues to be detained in the Bureau of Immigration (BI) facility in Bicutan, Taguig City. In a stock exchange filing on Tuesday, Sept. 9, FNI reported that the Regional Trial Court (RTC) of...
The Philippine Stock Exchange index (PSEi) moved up slightly as prospects of a United States (US) rate cut led to some bargain hunting. The main index added 20.85 points, or 0.34 percent, to close at 6,122.71. Miners led the advance, rallying on higher gold prices, while industrials lagged behind....
The Philippine Coconut Authority (PCA) recently recognized D&L Industries’ wholly owned subsidiary Chemrez Technologies, Inc. at the inaugural Coconut Industry Sustainability (COINS) Awards. Chemrez received awards as the Most Diversified and Innovative Firm in the Philippine coconut industry as...
The Philippine Army (PA) has sufficient manpower to ensure the safe and peaceful conduct of the first parliamentary elections in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) on Oct. 13. Lt. Gen. Antonio Nafarrete, PA commanding general, said the 6th Infantry Division (6ID) based in...
The Philippine Navy (PN) has welcomed its newest guided missile frigate named after an Ilocano revolutionary leader who conspired with British forces to fight Spanish colonizers in the Philippines. The future BRP Diego Silang (FFG-07) is the second Malvar-class frigate in the PN’s fleet, making...
The Philippine Stock Exchange index (PSEi) dropped on Monday, Sept. 8, as investors took profits and focused on the ongoing hearing into alleged corruption in flood control projects. The PSEi fell by 47.27 points, or 0.77 percent, to close at 6,101.86. The Bank and Conglomerate sectors led the...
A Singapore-based holding company is set to take over Indonesian retail giant PT Mitra Adiperkasa Tbk after receiving clearance from the Philippine Competition Commission (PCC). In a statement, the PCC said the deal was approved after the country’s antitrust body found no risk of reduced...
A prominent business group representing domestic manufacturers and producers is urging the government to implement safeguards to protect the local industry from a potential influx of foreign investors following the passage of a bill extending long-term lease contracts. The Federation of Philippine...
Flag carrier Philippine Airlines (PAL) has expressed its commitment to align with the government’s agenda on connectivity and tourism, as the Department of Transportation (DOTr) pressures local carriers to lower airfares. “As the flag carrier, we stand ready to align our efforts with...
State-run think tank Philippine Institute for Development Studies (PIDS) has urged President Ferdinand R. Marcos Jr. to sign the consolidated Senate and House bills on the proposed Animal Industry Development and Competitiveness Act into law, touting its benefits for the livestock sector. In...
Singapore-based United Overseas Bank (UOB) expects lower interest rates to lift Philippine economic growth in the near term, despite lingering global challenges that would likely expand the domestic economy below the government’s goal for the year. In its Quarterly Global Outlook report for the...
