Clark International Airport Corp. (CIAC) has remitted ₱282 million in dividends to the Bureau of the Treasury (BTr), its highest remittance to the national government yet.CIAC, the aviation and land development arm of the state-run Bases Conversion and Development Authority (BCDA), said these...
The local stock rallied after the early release of results of a peaceful mid-term elections and a pause on the US-China trade war.The main index jumped by 108.62 points or 1.68 percent to close at 6,566.82 as the Services sector lead the charge while Miners lagged behind as gold prices dropped....
The Technical Education and Skills Development Authority (TESDA) and the SM Foundation have formalized a partnership aimed at enhancing the skills of Filipino workers and expanding their access to employment. A memorandum of understanding (MOU) was signed, solidifying a public-private collaboration...
The local stock market ended the week higher as investors cheered to announcement of a trade deal between the US and the UK. The main index jumped 68.71 points or 1.08 percent to close at 6,458.20 as Conglomerates led the advance while Miners declined with weaker gold prices. Volume grew to 738...
The ongoing trade dispute between the United States (US) and China could benefit manufacturing hotspots in Southeast Asia, such as the Philippines, provided the government implements sweeping reforms to align trade and investment policies with industrial strategies.In a virtual forum hosted by the...
The local stock market weakened after first quarter economic growth was slower than the government’s target while the Fed did not cut its policy rates.The main index dropped 75.96 points or 1.17 percent to close at 6,389.49 with Conglomerates leading the retreat across the board. A total of 733...
The Philippine Stock Exchange index (PSEi) rose as investors continued buying up stocks due to the low April inflation rate.The benchmark index rose by 46.76 points or 0.73 percent to close at 6,465.45 on Wednesday, May 7, with the Industrial counter posting the biggest advance while Propert stocks...
The Department of Labor and Employment (DOLE) has helped sustain gains in the country’s employment rate through job fairs and career development programs that provide Filipinos with access to sustainable job opportunities across key industries.DOLE Assistant Secretary Patrick Patriwirawan Jr. said...
Two ongoing project loans for the Philippines, aimed at improving the livelihood of farmers and fisherfolk, are bearing fruit, according to the World Bank.The Washington-based multilateral lender 's latest implementation status and results reports for two investment project financing (IPF)...
The PSEi bounced back from the previous day’s profit-taking after investor sentiment was buoyed by the low Philippine inflation rate for April plus a number of positive corporate earnings reports.The main index rose by 59.06 percent or 0.93 percent to close at 6,418.69 with the Services sector...
The World Bank has cited some inroads in the long-delayed Metro Manila flood control project, which is being partly funded by a loan it approved eight years ago."The progress is moderately satisfactory with 38 pumping station construction sites and solid waste reduction activities," the...
The uncertainties facing Asia and the Pacific are also an opportunity to build a more resilient and sustainable future, Asian Development Bank (ADB) President Masato Kanda said at the opening session of the multilateral lender’s 58th annual meeting of its board of governors in Milan,...
