The local stock market lost most of the day’s gains as investors took profits, but the index still ended in positive territory. The main index added 9.30 points or 0.14 percent to close at 6,618.52 mainly on gains of Banks as more sectoral indices retreated. Volume improved to 405 million shares...
The Senate Committee on Public Services is ready to evaluate the 25-year legislative franchise granted to the National Grid Corporation of the Philippines (NGCP). Senator Grace Poe, chairperson of the committee, disclosed this on Tuesday, January 9 amid the ongoing power crisis that...
The local stock market took a breather as investors digested recent gains while waiting for fresh economic data here and from overseas. The main index shed 20.42 points or 0.31 percent to close at 6,609.22 as Conglomerates led the decline while the Property and Industrial counters managed to remain...
Yuchengco-led Rizal Commercial Banking Corporation (RCBC) is planning to offer a benchmark-sized USD Senior Unsecured Sustainability Notes via a drawdown under its $3-billion Medium Term Note Program. In a disclosure to the Philippine Stock Exchange, the bank said it has prepared a note offering...
Instead of the anticipated rollback on prices of some petroleum commodities this week, the oil companies have implemented slight increase in prices at the pumps due to higher freight cost and market premium, according to the industry players. With the added factors cited, the oil firms have...
The Department of Finance (DOF) reported a substantial increase in dividends remitted by state-run companies last year, with over half of the total amount came from the Bangko Sentral ng Pilipinas (BSP). Data from the DOF showed that government-owned or -controlled corporations (GOCCs) sent a total...
Ilocos Norte 1st district Rep. Sandro Marcos (Facebook) No less than President Marcos' son in the House of Representatives wants the National Grid Corporation of the Philippines (NGCP) franchise probed over the widespread power interruption in Western...
The National Grid Corporation of the Philippines (NGCP) said the company should not be solely held accountable for the recent Panay power outage, as other parties in the energy sector were also involved. In an interview with the ANC on Monday, Jan. 8, NGCP Spokesperson Cynthia Alabanza said they do...
This week, investors in the local stock market will seek fresh catalysts to support the uptrend in share prices and will be looking out for the US inflation rate as well as the Philippine labor and foreign direct investments data. “The market has been on an uptrend since bottoming last October...
The Yuchengco family’s holding company, House of Investments (HI), continues to divest from former subsidiary EEI Corporation, this time with the sale of a 4.5 percent stake to a Singaporean firm. In a disclosure to the Philippine Stock Exchange (PSE), HI said it has sold 4.5 percent of EEI to...
Kabataan Party-list Rep. Raoul Manuel (Facebook) Kabataan Party-list Rep. Raoul Manuel would rather see a national government take over of the National Grid Corporation of the Philippines (NGCP) than the proposed involvement of the Maharlika Investment Corporation...
House of Representatives (Ellson Quismorio/ MANILA BULLETIN) Camarines Sur 2nd district Rep, LRay Villafuerte is calling for the revocation of the National Grid Corporation of the Philippines' (NGCP) franchise after its supposed refusal to own up to...
