The National Economic and Development Authority (NEDA) said the government is planning to allocate P200 million for innovative projects and programs next year. NEDA Undersecretary Rosemarie G. Edillon told reporters that it will propose to double the budget for projects that support enterprises...
Repower Energy Development Corp. (REDC) said it plan to construct the country's first seawater pump storage hydropower facility in Real, Quezon after being granted a Hydropower Service Contract from the Department of Energy (DOE). In a disclosure to the Philippine Stock Exchange, the subsidiary of...
Senators on Monday, April 22, urged the Department of Transportation (DOTr) to plan well its idea of adding another motorcycle lane in EDSA. Senate Public Services Committee Chair Sen. Grace Poe said that while the intention to decongest EDSA is understandable, she's curious as to how the agency...
The Department of Finance (DOF) has warned that the government’s slow implementation of digitalization amid the rapid growth of e-commerce could result in significant revenue loss. In a statement, the DOF said that Finance Secretary Ralph G. Recto is now seeking additional funding from the...
The local stock market gave up the previous day’s gains and fell again on news that Israel has struck back at Iran, further escalating the situation in the Middle East. The main index lost 80.19 points or 1.23 percent to close at 6,443.00 with the Property sector losing the most while Miners...
Department of Social Welfare and Development (DSWD) Secretary Rex Gatchalian led the launch of the reformatted educational assistance initiative called “Tara, Basa! Tutoring Program” in Samar province on April 19. Gatchalian said the reading tutorial program is important to help eradicate...
The local stock market added to the previous day’s gains as bargain hunters were emboldened by the support the PSEi found at the 6,400 level. The main index rose by 73.15 points or 1.13 percent to close at 6,523.19 with the Services sector leading the advance while Miners retreated. Volume grew...
Foreign investors should consider doing business in the Philippines as the government has been taking a proactive approach to improving the economy despite external risks, the National Economic and Development Authority (NEDA) said. During the Philippine Investors Dialogue in Washington D.C., NEDA...
The local stock market finally eased from its steep 9-day plunge after bargain hunters stepped in to pick up cheaper stocks. The main index added 45.07 percent or 0.70 percent to close at 6,450.04 as Banks led the advance while the Property counter continued to fall. Volume was lower at 595 million...
The Gotianun Group’s real estate investment trust Filinvest REIT Corporation (FILRT) is waiting for the equities market to recover and for its stock price to improve before acquiring more assets via share swap. “A number of assets have been identified for infusion into FILRT that are subject to...
Listed Filipino firm Basic Energy Corporation has sealed a 50:50 joint venture pact with Japanese firm Renova Inc. for the commercial development of Mabini wind power project that could potentially yield 50-megawatt capacity addition to the country’s power supply. Basic Energy announced that the...
The Philippine Stock Exchange index (PSEi) fell through the 6,500 support level to settle just above the 6,400 mark as investors cash out amid uncertainties due to the conflict in the Middle East. The main index plunged 157.46 points or 2.40 percent to close at 6,404.97 as the Services sector led...
