The local stock market rose further after both US and Philippine policy interest rates were left unchanged by the central banks of the two countries. The main index added 48.08 points or 0.79 percent to close at 6,142.79 with Conglomerates leading all sectors forward. Volume declined to 1.09...
Vice President Sara Duterte is considering boosting the Philippines' relations with China through education and youth development. At the celebration of the 74th founding anniversary of the People's Republic of China, Duterte said she has taken "a particular interest in strengthening" the...
National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan said they support the proposal to ban Philippine Offshore Gaming Operators (POGOs) in the country, stressing legitimate investments are encouraged over those that "promote negative externalities to society." NEDA...
The National Economic and Development Authority (NEDA) said it will discuss with President Marcos other ways to reduce the rising prices of rice instead of using a price cap. In a briefing on Thursday, Sept. 21, NEDA Secretary Arsenio M. Balisacan said the rice price ceilings imposed by the...
Smart Communications Inc. (Smart), the wireless arm of leading integrated telco network PLDT Inc., and Clark Development Corp. (CDC) have recently signed lease agreements covering telco facilities inside CDC to boost connectivity for businesses and other locators in the area. Leading the signing...
The local stock market bounced despite weaker US bourses as investors started picking up bargains. The main index rose by 53.67 points or 0.89 percent to close at 6,094.71 as the Property sector surged back although the Services and Mining and Oil counters continued to retreat. Volume...
National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan said the country is exploring the integration of digital technologies and green processes for sustainability. Balisacan said that a green and digital transition is vital for the country’s sustainable growth. "Going...
For the fourth day in a row, index heavyweights led the local stock market lower as US bourses were weaker while investors wait for the US Federal Reserve meeting. The main index shed 6.93 points or 0.11 percent to close at 6,041.04 as Banks and Conglomerates declined although the four other...
State-owned Development Bank of the Philippines (DBP) has remitted P25 billion to the Bureau of Treasury (BTr), which represents the Bank’s share in the initial seed capital in the Philippines’ pioneering sovereign wealth fund, a top official said. DBP President and Chief Executive Officer...
The local stock benchmark fell below 6,100 to its lowest level in more than a year as investors worry over interest rates amid rising inflation. The main index plunged 76.60 points or 1.25 percent to close at 6,047.97 with the rate-sensitive Property sector leading the retreat...
The Philippine Red Cross (PRC) has reaffirmed its commitment to the United Nations' Sustainable Development Goals (SDGs), emphasizing that these objectives are not mere aspirations but "obligations of all." (Photo courtesy of PRC) “We firmly believe that achieving the SDGs extends beyond...
The Philippine Amusement and Gaming Corp. (Pagcor) has partnered with the Development Academy of the Philippines (DAP) for the privatization of its casinos. Alejandro Tengco, Pagcor chairman and chief executive officer, said they tapped DAP’s technical assistance to comply with the requirements...
