The Philippine Stock Exchange index (PSEi) dipped on Friday, July 24, as share prices fell amid concerns over rising oil prices and the higher tariff the United States (US) slapped on Philippine goods. The main index shed 2.11 points, or 0.03 percent, to close at 6,281.01. Sectoral indices were...
The ongoing war in the Middle East continues to “ substantially ” weigh on the Philippine tourism industry, although strong domestic tourism has helped cushion the impact, according to the Department of Tourism (DOT). Speaking during the 117th Asian Impact Webinar organized by the...
In the prevailing, highly volatile political climate—exacerbated by maritime bullying in the West Philippine Sea that creates an air of uncertainty—it is only natural for foreign investors to take a risk-averse stance toward the country. Yes, Virginia, while the President has been going around...
The Philippine Stock Exchange index (PSEi) was slightly higher on Thursday, July 23, as some investors started bargain hunting despite rising oil prices because of the United States (US)-Iran war. The main index added 15.27 points, or 0.24 percent, to close at 6,283.12. Banks led the advance, while...
The Philippines, one of the world’s most climate-vulnerable countries, can strengthen its climate resilience by investing more in female farmers, according to Tokyo-based think tank Asian Development Bank Institute (ADBI). In a policy brief titled “Agricultural Innovation and Women’s...
The Philippines risks “growing old before becoming rich” unless policymakers shift their focus from population control to investing more in children, boosting productivity, and preparing for an aging society, according to state-run policy think tank Philippine Institute for Development Studies...
While stock analysts expect Maynilad Water Services Inc. to be a shoo-in for the Philippine Stock Exchange index (PSEi) next month, the bourse’s revamped criteria for index inclusion are expected to make Aboitiz Power Corp. (AboitizPower) and Synergy Grid & Development Philippines Inc. (SGP)...
ROME (AP) — Conflicts and disruptions to global energy markets could push millions more people into hunger by driving up fuel, fertilizer and food costs, the head of the Rome-based International Fund for Agricultural Development warned, as a new United Nations report showed global progress...
There are places you visit because you need something, and then there are places you return to because of how they make you feel. Three years after opening its doors in Bonifacio Global City, MITSUKOSHI BGC has become the latter for many Filipinos. It isn 't simply about shopping. It 's...
The Department of Economy, Planning, and Development (DEPDev) has adopted a color-coded alert mechanism to identify implementation risks in ongoing big-ticket projects approved by the Cabinet-level, interagency Investment Coordination Committee (ICC) as well as the Economy and Development (ED)...
Local stocks snapped their four-day winning streak as weakening currency prompted investors to lock in recent profits, pulling the benchmark index back from near-overbought levels. The Philippine Stock Exchange index (PSEi) fell 81.92 points, or 1.28 percent, to close at 6,333.80 on Tuesday, July...
Frequent rainfall reduces the labor productivity and income of day-to-day and short-term workers, according to state-run policy think tank Philippine Institute for Development Studies (PIDS). In a statement on Tuesday, July 21, PIDS said its recent discussion paper “When Rain Falls, Work Slows:...
