The local stock market continued to strengthen and rose to the 7,100 level, boosted by the continued optimism about the local economy as well as by the higher US bourses last Friday. The main index jumped by 81.35 points or 1.16 percent to close at 7,104.20 with Miners and Banks leading the rally...
The Department of Trade and Industry (DTI) said it is committed to attract foreign investment and fostering a conducive business environment, particularly for "new generation" industries. Acting Secretary Cristina A. Roque met with representatives from Marubeni Corp. on September 12 to...
Power system operator and transmission provider National Grid Corporation of the Philippines (NGCP) said it prepared its facilities to mitigate the impact of Tropical Depression “Gener.” In a statement, the NGCP assured that it had readied its communications equipment, hardware materials, and...
It’s another week of drive to the gasoline stations that will come lighter on consumers’ pockets as the price of gasoline products will be on rollback by P1.00 per liter; and diesel product prices will be reduced by P1.30 per liter, according to the pricing advisories of the oil companies....
Stock market investors will be watching out mainly for the US Federal Reserve’s next move this week as well as the local remittance figures to see if the PSEi deserves to continue trading above the 7,000 level. “Last week, the local market was able to close above the crucial 7,000 level....
Consunji-led Semirara Mining and Power Corporation (SMPC) is eyeing to take a provocative step as the third company breaking into the regenerated coal plant development gamble, with the targeted revival of its 700-megawatt Saint Raphael power project in Batangas that will likely command an...
Tycoon Manuel V. Pangilinan, who is also the chairman of PXP Energy Corporation, has an extraordinary wish for this year’s holiday season – a “Chinese Santa Claus” who will finally give a strife-free nod to petroleum exploration in the turbulent waters of West Philippine Sea,...
The local stock market lost the day’s gains to end almost flat as some investors cashed out for the weekend. The main index shed 1.82 points or 0.03 percent to close at 7,022.85 with sectoral indices equally divided. Volume reached 695 million shares worth P5.41 billion as losers outnumbered...
The Philippine Stock Exchange has approved the voluntary trading suspension of Jollibee Foods Corporation’s Series A Preferred Shares after the firm decided to redeem these securities earlier. In a disclosure to the PSE, Jollibee said its Board of Directors decided on Sept. 13, 2024, to...
Jollibee Foods Corporation, one of the largest Asian food service companies, is expanding its majority-owned Milksha bubble tea brand in the United States by opening it to franchising in three more states. In a disclosure to the Philippine Stock Exchange, Jollibee said its subsidiaries Milkshop...
The Legaspi Ballroom, on the second floor of the posh Makati Diamond Residences, was a lion’s den for journalists, with the head honchos of the airline industry, tourism, and airport officials in attendance. The Monday event, Aviation Forum, organized by the Economic Journalists Association of...
After numerous failed attempts this year, the Philippine Stock Exchange’s benchmark index finally closed above the 7,000 resistance level on expectations of rate cuts and a stronger Philippine economy. The PSEi surged 79.79 points or 1.15 percent to 7,024.67 with the interest rate-sensitive...
