The local stock market continued to decline as foreign investors sell out amid on belief that US rate cuts will be delayed. The main index dropped 48.29 points or 0.73 percent to close at 6,571.60 as the Mining and Oil sector led the retreat while the Industrial counter bucked the trend. A...
National Economic and Development Authority Secretary Arsenio M. Balisacan said that the reduction of domestic rice prices by 20 percent in September is possible given that world prices will decline. Balisacan referred to the statement by Finance Secretary Ralph G. Recto, noting that external...
Senator Sherwin Gatchalian has urged the Inter-Agency Council Against Trafficking (IACAT) to crack down on the rampant selling of babies online, particularly on Facebook. In a press briefing, the Department of Social Welfare and Development-National Authority on Child Care (DSWD-NACC) Executive...
DAVAO CITY – Former Mindanao Development Authority head Maria Belen “Mabel” Sunga Acosta is resolute in her decision to seek legal action after her abrupt dismissal from what was believed to be a six-year position at the agency. FORMER Mindanao Development Authority chairperson Maria Belen...
Avia Estate (Artist's perspective) The strong economic growth in Mindanao has created excellent investment prospects in the real estate industry, especially as the Philippines recovers from the pandemic. With increasing demand for both commercial and residential buildings, developers are keen to...
The local stock market ended the week lower as sentiment was dragged down by the steep drop in US bourses. The main index lost 40.1 points or 0.60 percent to close at 6,619.89 led by the drop of the Property sector while Services managed to advance. Volume shrank to 557 million shares worth P4.47...
In anticipation of the impact of tropical depression Aghon, Department of Social Welfare and Development (DSWD) Secretary Rex Gatchalian on Friday, May 24, directed all DSWD field offices along the projected path of the storm to assess their stockpiles of family food packs (FFPs). (Photo from DSWD)...
DAVAO CITY – Newly appointed Mindanao Development Authority (MinDA) Chairman Secretary Leo Tereso Magno visited the MinDA office here on Wednesday afternoon, May 22. MAGNO (FB) Magno, the Presidential Assistant for Eastern Mindanao, handed over his appointment documents to the MinDA Human...
The PSEi bounced back amid some bargain hunting although trading was mixed as concerns over inflation linger. The main index rose by 52.77 points or 0.80 points to close at 6,659.99 as Conglomerates led the advance but the Services and Mining sectors retreated. Volume was higher at 791 million...
DAVAO CITY – Presidential Assistant for Eastern Mindanao Leo Tereso Abellera Magno has been appointed as the new chairman of the Mindanao Development Authority (MinDA). Magno replaced Chairman Maria Belen Sunga Acosta. MAGNO'S appointment letter. (Via Ivy Tejano) However, Sunga refused to leave...
The nation’s economic agency is partnering with the Bangsamoro’s development group to improve the projects and programs in the region. The National Economic and Development Authority (NEDA) signed a memorandum of agreement with the Bangsamoro Planning and Development Authority (BPDA) to aid the...
Peso continues to weigh on stocks The local stock market dropped further as investors wait for fresh economic data while sentiment is dampened by the continued weakness of the Philippine peso. The main index shed 26.44 points or 0.40 percent to close at 6,607.22 as Banks led the decline while...
