The local stock market closed slightly lower as some investors locked in gains made during the week. The main index shed 8.92 points or 0.13 percent to close at 6,873.23 with sectoral indices evenly divided. Volume was low at 1.48 billion shares worth P4.58 billion as gainers edged out losers 85 to...
The local stock market moved up on the back of higher US equities while investors were optimistic about the result of the central bank’s Monetary Board policy meeting. The PSEi added 27.62 points or 0.40 percent to close at 6,882.15 as Industrials led the advance while the Property sector was the...
The local stock market ended slightly higher despite a weak start as investors wait for results of the Bangko Sentral ng Pilipinas (BSP) policy meeting. The main index added 26.61 points or 0.39 percent to close at 6,854.53 with the Industrial sector posting the highest gain while the...
After the shelving the planned merger, the Department of Finance (DOF) is now considering the public listing of Land Bank of the Philippines and the Development Bank of the Philippines (DBP). On Wednesday, Feb. 14, Finance Secretary Ralph G. Recto told Manila Bulletin that informal discussions have...
Senators were baffled by the appearance of a government assistance program under the Department of Social Welfare and Development (DSWD) called the Ayuda sa Kapos sa Kita Program (AKAP) which was allegedly used to gather support for the People’s Initiative (PI) drive to amend the 1987...
The local stock market recovered the previous day’s loss as investor sentiment got a boost from the higher foreign direct investments data for November. The main index added 20.10 points or 0.30 percent to close at 6,872.92 as Industrials led the advance. Volume improved a bit to 557 million...
TOKAI Corporation of Japan is investing an additional P3.43 billion in publicly-listed renewable energy firm Repower Energy Development Corporation, a subsidiary of Pure Energy Holdings Corporation, to double its stake to 20.1 percent. In a statement, REDC said TOKAI Corporation is the consolidated...
ILOILO CITY – The National Economic and Development Authority (NEDA)-6 (Western Visayas) has sought the creation of a Regional Steering Committee (RSC) to properly coordinate preparations for the proposed bridges connecting the islands of Panay, Guimaras, and Negros. A PERSPECTIVE of the...
The United States aid agency’s allocation of over $30 million in funds will support innovative startup programs in higher education, the National Economic and Development Authority (NEDA) said. NEDA Undersecretary Rosemarie G. Edillon in a television interview stated that the United States Agency...
President Marcos has approved the 10-year Maritime Industry Development Plan 2028 (MIDP), which will serve as the country’s roadmap for the development and direction of the maritime industry. President Ferdinand 'Bongbong' Marcos Jr. and Filipino seafarers (Photos from the Presidential...
Investors took profits from the local stock market after last week’s rally while waiting for a fresh batch of Philippine and US economic news. The main index dropped 42.34 points or 0.62 percent to close at 6,807.82 as the Property sector led the decline with only the Services counter...
The Department of Finance (DOF) has indicated that the Marcos administration may need to adjust its economic growth targets due to the lower-than-expected expansion recorded last year. Finance Secretary Ralph G. Recto emphasized the need for the Development Budget Coordination Committee (DBCC) to...
