The Philippine Stock Exchange index (PSEi) touched the 7,000 intraday level on Friday, March 1, but late profit taking pulled down the index as the week came to a close. The main index slipped by 25.12 points or 0.36 percent to close at 6,919.59 with Banks leading the retreat although the Property...
The PSEi jumped back to the 6,900 level, benefiting from the MSCI rebalancing and more upbeat corporate results. The main index rose 68.19 percent or 0.99 percent to close at 6,944.71 as Banks and Conglomerates led the charge although the Property and Mining counters retreated. Volume surged to 774...
An Executive Order (EO) mandating state-run National Transmission Corporation (TransCo) to build transmission facilities to underpin the wheeling of generated capacities from renewable energy (RE) facilities will be issued soon by President Marcos. In an exclusive interview on the sidelines of the...
Power system operator National Grid Corporation of the Philippines (NGCP) will be leasing its fiber optics and other broadband-related infrastructure to the government to help concretize the wish of many Filipinos for high-speed internet connectivity. With an accelerated pace of rollout for the...
The local stock market reversed early losses to end with a small gain as large cap firms report strong earnings growth. The main index added 15.85 points or 0.23 percent to close at 6,876.52 although sectoral indices were split. Volume dipped to 379 million shares worth P4.73 billion as gainers...
The local stock market lost more ground following the decline in US share prices. The main index dropped 30.82 points or 0.45 percent to close at 6,860.67 with the Mining and Oil sector leading the retreat while the Services and Industrial counters recovered. Volume rose to 577 million shares worth...
Over 4.4 million Filipino households will benefit from P106.3 billion allotted for the government’s Pantawid Pamilyang Pilipino Program (4Ps) this year. Department of Budget and Management (DBM) Secretary Amenah F. Pangandaman said that the 2024 budget for 4Ps is larger than the P102.610 of the...
The National Economic and Development Authority (NEDA) has stressed the urgent need for the Philippines to dismantle restrictions on key sectors of the economy that are holding back the country from matching the developments of its neighboring nations. NEDA Secretary Arsenio M. Balisacan said that...
The local stock market declined after a positive start as investors chose to pocket gains while waiting for fresh economic data. The main index dropped 21.72 points or 0.31 percent to close at 6,891.49 although sectoral indices were equally divided. Volume remained thin at 677 million shares worth...
The Philippine’s real estate sector is on the brink of a significant transformation as Federal Land NRE Global Inc., or FNG, is established to bring global standard developments to the country. This results from the dynamic and strategic partnership between two real estate industry giants: the...
Japan is a world leader in state-of-the-art technology and design that lean toward functionality and elegant simplicity. This distinct ingenuity and artistry are just a few of the many reasons real estate developer Federal Land, Inc. has partnered with leading Japanese firms to deliver a slice of...
The International Rice Research Institute (IRRI) has the full support of President Marcos in developing varieties of rice, corn, potatoes, and other agricultural products with additional nutritional values. President Ferdinand 'Bongbong' Marcos Jr. during the courtesy call of Consultative...
