The local stock market declined as investors wait for fresh cues from the US. The main index dropped 28.87 points or 0.42 percent to close at 6,853.10 as Banks led the retreat with only Conglomerates holding on to gains. A total of 553 million shares worth P5.48 billion were traded as losers beat...
The country’s socioeconomic planning agency remains positive that the Philippines will become an upper middle-income economy by next year. National Economic and Development Authority Arsenio M. Balisacan said that the country remains on track to achieving an upper middle-income status in 2025...
The Securities and Exchange Commission (SEC) has launched a nationwide roadshow to promote sustainable practices among small and medium enterprises (SMEs) and large businesses, as it seeks to institutionalize sustainability reporting in the corporate sector. (From left to right) UNDP’s Mr. Joseph...
The local stock market pulled back from the previous day’s spike as investors cashed out ahead of the weekend marking the start of the Holy Week when many are expected to go on vacations. The Philippine Stock Exchange Index (PSEi) fell 82.25 points or 1.17 percent to close at 6,881.97 as the...
Clark International Airport (CIA) will soon welcome the expansion of United Parcel Service, Inc. (UPS), making Clark a premier logistics hub for global brands. The Luzon International Premiere Airport Development Corp. (LIPAD) recently signed a partnership agreement to upgrade UPS’ operations in...
The local stock market jumped after the US Federal Reserve assured that its rate cut plans are unchanged. The main index rose 106.45 points or 1.55 percent to close at 6,963.22 as the Services sector led the advance across the board. Volume declined to 977 million shares worth P6.34 billion as...
The inflation rate, or growth of consumer prices, for March may be slower than the 3.4 percent readout last month, National Economic and Development Authority Secretary Arsenio M. Balisacan said Thursday, March 21 Balisacan told reporters that they are confident that inflation for this month will...
The Lopez Group’s Energy Development Corporation (EDC) is planning to raise up to P10 billion from a planned ASEAN Green Bond issuance to fund its expansion plans. Philippine Rating Services Corporation (PhilRatings) said it has assigned the highest Issue Credit Rating of PRS Aaa, with a Stable...
The local stock market inched up as investors continued to wait for the results of the US Federal Reserve meeting. The main index added 8.34 points or 0.12 percent to close at 6,856.77 as sectoral indices were evenly divided with the Services counter chalking the biggest gain. Volume rose to 786...
The local stock market dipped slightly as investors turned cautious ahead of the release of US economic data. The main index shed 4.86 points or 0.07 percent to close at 6,848.43 as Miners led the decline while Banks and Property firms advanced. Volume was firm at 897 million shares worth P5.79...
AGRI Party-list Rep. Wilbert T. Lee (Rep. Lee's office) The Philippines is now on its way to dropping its reputation of being a major improper of salt. Thus, said AGRI Party-list Rep. Wilbert T. Lee, as he hailed the signing into law of the...
Clark Freeport and Special Economic Zone in Pampanga has exceeded its investment target for the first quarter of this year, the Clark Development Corp. (CDC) reported. During the recent meeting with Investment and Economic Affairs Secretary Frederick Go, Agnes Devanadera, CDC president and chief...
