The National Economic and Development Authority (NEDA), the country’s macro-economic policy planning agency, stressed that the Philippines has no choice but to ratify the Regional Comprehensive Economic Partnership (RCEP), while big businesses believe on the need to expose domestic industries to...
The local stock market continued to weaken as investors wait for the Federal Reserve’s meeting on Thursday. The main index dropped 34.90 points or 0.52 percent to close at 6,744.12 as the Mining and Oil sector led all indices lower. Volume shrank to 483 million shares worth P3.3 billion as losers...
SM Prime Holdings Inc., one of the leading integrated property developers in Southeast Asia, reported a 38 percent growth in consolidated net income to P30.1 billion last year from P21.8 billion in 2021. In a disclosure to the Philippine Stock Exchange, the firm said the improvement is supported by...
The local stock market fell below the 6,800 support level on renewed concerns over inflation and interest rates. The main index lost 36.89 points or 0.54 percent to close at 6,779.02 as the Property sector led the retreat although the Services and Mining counters managed to advance. Volume was low...
The Presidential Commission for the Urban Poor (PCUP) and Commission on Population and Development (POPCOM) held an exploratory meeting for a possible collaboration that will uplift the urban poor and informal settlers sectors. Courtesy of Presidential Commission for the Urban Poor In a discussion...
Vice President Sara Duterte does not forget where she came from, assuring the Mindanao Development Authority (MinDA) that it has the support of the Office of the Vice President (OVP) in bringing progress to the region through various “big-ticket projects.” Vice President Sara Duterte is the...
The local stock market ended slightly lower after investors sold down shares just before closing. The main index shed 6.18 points or 0.09 percent to close at 6,815.91 witj sectoral indices evenly split. Volume jumped to 1.2 billion shares worth P12.23 billion as losers beat gainers 102 to 80 with...
The National Economic and Development Authority (NEDA) said the “high-value deals” sealed by President Marcos during his recent visit to Japan is expected to generate thousands of jobs for Filipinos. In a statement on Thursday, Feb. 16, NEDA Secretary Arsenio M. Balisacan said the 35...
The local equities market recovered some lost ground as investors started to pick up stocks that have become cheaper in the last two days. The main index added 30.85 points or 0.45 percent to close at 6,822.09 as the Property sector led the advance while the Services and Mining counters continued...
The Department of Social Welfare and Development (DSWD) advised the public to be vigilant and not to entertain text messages about "unclaimed" relief allowances. DSWD issued the statement on Wednesday, Feb. 15, following a report by a concerned citizen that there are circulating text messages...
The local stock market continued to lose ground as investors expect a rate hike by the central bank. The main index dropped 47.52 points or 0.69 percent to close at 6,791.24 as the rate-sensitive Property sector led all sub-indices down. Volume improved to 969 million shares worth P7.37 billion as...
Transforming consumption and production patterns will be vital in accelerating the country’s shift toward a more sustainable and climate-smart economy, the National Economic and Development Authority (NEDA) said. In the event Philippine Development Plan 2023-2028: From Plan to Action focusing on...
