The local stock market ended the week higher despite the higher US inflation rate for December. The main index added 29.45 points or 0.45 percent to close at 6,643.18 as the Services sector led the advance while Banks and Miners retreated. Volume was stable at 362 million shares worth P5.64 billion...
Senator Sherwin Gatchalian said tougher penalties should be imposed against industry players who would be found guilty of mismanaging their power services that eventually affect day-to-day businesses and hurt the economy. Gatchalian pointed out that the maximum penalty of P50-million...
(MANILA BULLETIN) The Energy Regulatory Commission (ERC) has told congressmen that the National Grid Corporation of the Philippines (NGCP) has complied with the requirements of an independent investigative panel on the April 2023 blackout on Panay...
Local share prices bounced after investor sentiment was boosted by stronger US equities on hopes of lower US inflation rate for December. The main index jumped 67.62 points or 1.03 percent to close at 6,613.73 with Banks leading the charge although the Services counter lagged behind. Volume settled...
Tycoon Andrew Tan’s Megaworld Corporation, the country’s largest developer and operator of homegrown Filipino hotel brands, is building its second hotel project inside its 462-hectare Paragua Coastown ecotourism township in San Vicente, Palawan. In a disclosure to the Philippine Stock Exchange,...
Yuchengco-led Rizal Commercial Banking Corporation marked a successful return to the U.S. dollar debt markets, raising $400 million after the pricing of its 5-year Senior Unsecured Fixed Rate Sustainability Bonds. In a disclosure to the Philippine Stock Exchange, the bank said the sustainability...
(Unsplash) Deputy Majority Leader Iloilo 3rd district Rep. Lorenz Defensor took to task government agencies for their perceived lack of action on the blackouts in Western Visayas, particularly in his home province. Defensor specifically called out the...
The local stock market fell as investors used weaker US share prices as an excuse to continue taking profits. The main index dropped 72.41 points or 1.09 percent to close at 6,546.11 as Conglomerates led the retreat with Banks as the only sector mamaging to advance. Volume jumped to 518 million...
The National Grid Corporation (NGCP) maintained on Wednesday, Jan. 10 that after the unplanned outage of Panay Energy Development Corp. (PEDC) Unit 1, the system remained normal and stable before the multiple plant shutdowns that led to the blackout. National Grid Corporation of the Philippines...
The Philippines raised the potential of a joint nickel and copper collaboration with Indonesia to facilitate the transition to green technologies for sustainable future. Trade and Industry Secretary Alfredo E. Pascual raised this potential at the Joint Philippines-Indonesia Roundtable...
Bicol Saro Party-list Rep. Brian Raymund Yamsuan (Rep. Yamsuan's office) Bicol Saro Party-list Rep. Brian Raymund Yamsuan has reiterated his proposal to utilize the Maharlika Investment Fund (MIF) in kickstarting the modernization of the Bicol Express...
Senator Imee Marcos on Tuesday, January 9 said she remains unconvinced over proposals that investing part of the Maharlika Fund in the National Grid Corporation of the Philippines (NGCP) would be the best way to solve the country’s power transmission problems. Marcos pointed out...
