State-run Bases Conversion and Development Authority (BCDA) said that the Clark civil aviation complex in Pampanga is set to become a global hub for logistics and aviation services, with backing from major international companies. In a statement, Joshua M. Bingcang, BCDA president and chief...
The Philippine Stock Exchange Index (PSEi) dropped on profit-taking despite the Nasdaq and S&P hitting all-time highs. The main index lost 67.31 points or 1.03 percent to close at 6,489.35 with the Industrial sector posting the biggest loss. Volume was steady at 413 million shares worth P6.22...
Local share prices rose on the back of gains in US stocks due to rate cut hopes. The main index added 27.23 points or 0.42 percent to close at 6,556.66 as Conglomerates led the advance while Banks and Miners retreated. Volume rose to 767 million shares worth P6.74 billion as gainers upset losers 97...
By Myrna M. Velasco Investors on pipelined offshore wind developments in the country are amenable to a P10 to P16 per kilowatt hour (kWh) prospective reserve price for contracted capacity on their projects once the green energy auction (GEA) for the technology will be carried out by the Department...
National Economics and Development Authority Arsenio M. Balisacan said that the P35 wage hike in Metro Manila will not greatly impact the economic growth as well as employment numbers. During a press briefing in Malacañang, Balisacan said that around 40,000 to 140,000 workers may be affected by...
The local stock market started the week on a positive note ahead of the release of several important economic data in the Philippines and the US. The main index added 36.68 points or 0.56 percent to close at 6,529.43, although half the sub-indices retreated. Volume rose to 447 million shares worth...
Senator Imee Marcos has called on the National Economic Development Authority to publicize the details of its board meeting that led to the government’s controversial decision to cut the tariff on imported rice to 15 percent up to 2028. Sen. Imee Marcos attends Thursday’s hearing of the...
The Philippine Stock Exchange (PSE) edged lower as investors took profits before the bourse closed for the weekend. The PSE index shed 14.74 points or 0.23 percent to close at 6,492.75 with sectoral indices evenly divided. Volume decreased to 455 million shares worth P4.24 billion as losers...
President Marcos said the government intends to start the improvement works for the Jolo Airport Development Project in Sulu soon. President Ferdinand 'Bongbong' Marcos Jr. leads the distribution of assistance to farmers and fisherfolk in Patikul, Sulu on July 5, 2024. (Photo courtesy of PPA/KJ...
The commercial operations of the P7.0 billion Palayan binary geothermal power project of Energy Development Corporation (EDC) will partly quench the energy thirst of the Luzon grid, as this will add up 28.9 megawatts into the system. The facility serves as an expansion of its 140MW Bacon-Manito...
Department of Human Settlements and Urban Development Sec. Jose Rizalino Acuzar and Clark Development Corporation Chief Executive Officer Agnes Devanadera sign a memorandum of understanding on July 4, 2024 which will allow the establishment of 50,000 housing units in Clark. (Photo by DHSUD) The...
The local stock market rose further as investors place their bets a day before the government announces the July inflation rate. The main index added 57.46 points or 0.89 percent to close at 6,507.49 as the Services and Financials sectors led the advance while Conglomerates lagged behind. Volume...
