Local share prices jump on hopes that the Fed will cut rates in September. The main index rose by 74.74 points or 1.13 percent to close at 6,693.83 with Banks leading the charge. However, volume was low at 450 million shares worth P4.39 billion as gainers beat losers 104 to 75 with 50 unchanged....
The Commission on Audit (COA) has directed the municipality of Turtle Islands in Tawi-Tawi to set up a responsibility center for its gender and development (GAD) Focal Point System (GFPS) for the accounting and monitoring of GAD-related expenses and financial transactions. In its 2023 audit on...
Lopez-led ThermaPrime Drilling Corporation (ThermaPrime) has beefed up its geothermal drilling business segment with three more rigs that it can immediately utilize for the expansion of its operations. According to the company, two of the newly acquired drilling rigs are of 1,500 horsepower (hp);...
The local stock market pauses from its recent slide as investors anticipate that interest rate cuts are coming soon. The PSEi added 12.73 points or 0.19 percent to close at 6,619.09 with the Mining sector leading the advance while the Property counter lagged behind. Volume rose to 421 million...
State-run Bases Conversion and Development Authority (BCDA) has partnered with Korean Water Resources Corp. (K-Water) to find water sources for New Clark City in Tarlac and Camp John Hay in Baguio. In a statement, Joshua M. Bingcang, BCDA president and chief executive officer said the...
Contrary to some fears over its impact, the top official from the National Economic Development Authority (NEDA) bared on Tuesday, July 30, that the contribution of Philippine Offshore Gaming Operators (POGOs) to the Philippine economy is less than half of one percent. Sen. Juan Miguel “Migz”...
Local share prices declined further as investors wait for more news that will point to when interest rates will start going down. The main index dropped 42.87 points or 0.64 percent to close at 6,606.36 as Banks continued to lead the retreat while the Industrial and Services sectors recovered some...
The Philippines has improved its ranking in the global anti-red tape rankings, the Anti-Red Tape Authority (ARTA) announced. (Photo courtesy of ARTA) “The Philippines proudly climbs three spots in Government Efficiency, ranking 49th in the 2024 World Competitiveness Report by the International...
DAVAO CITY – The government hopes to achieve a 50-50 ratio of renewable and non-renewable energy mix in the Mindanao grid by 2030, Mindanao Development Authority (MinDA) Secretary Leo Tereso Magno said. MAGNO (FB) Magno said that the power sector targets to increase the share of renewable energy...
Local share prices fell on profit-taking following gains made last week. The main index lost 76.78 points or 1.14 percent to close at 6,649.23 as Banks led the retreat while Industrials managed to buck the trend. A total of 658 million shares worth P5.06 billion changed hands as losers beat gainers...
DAVAO CITY – After the national government announced it would no longer pursue loan negotiations with the Chinese government for the Mindanao Railway Project, Mindanao Development Authority (MinDA) Secretary Leo Tereso Magno said that there are three foreign private companies that are interested...
DAVAO CITY – The Mindanao Development Authority (MinDA) will conduct a study on the Mindanao Intermodal Network System in a bid to upgrade the land, air, and sea transportation on the island. Yvette Valderia, Project Development Division chief of MinDA, said in an interview that the public...
