Local share prices dropped again on concern over inflation and the possibility of more interest rate hikes by the US Federal Reserve and the Bangko Sentral ng Pilipinas. The main index fell by 80.29 points or 1.16 percent to close at 6,842.79 with the Industrial sector leading the retreat. Volume...
Department of Social Welfare and Development Secretary Rex Gatchalian led the distribution of emergency shelter assistance to families affected by typhoon Odette in the ceremonial payout of assistance in the municipality of General Luna, Surigao Del Norte on February 8, 2023. (DSWD) Department of...
The local stock market regained some lost ground as investors were cheered by higher US stocks after the Fed cited lower consumer prices. The main index rose by 41.82 points or 0.61 percent to close at 6,923.08 as the Mining and Oil sector led the advance while Conglomerates lagged behind. Volume...
The Senate Committee on Social Justice, Welfare and Rural Development is fine-tuning a bill giving an advance cash gift of P10,000 to 80- to 90-year-old senior citizens on top of the P100,000 given to Filipino centenarians. The fine-tuning of Senate Bill No. 21 filed by Senator Ramon “Bong”...
Malacañang announced that the Department of Agriculture (DA) has set aside P326.97 million intended to boost the onion industry. (Photo courtesy of DA) The allocated fund will be used for onion production, production-related equipment, farm inputs, and cold storage facilities, according to the...
The country's unemployment rate dropped to 4.3 percent in December 2022 as against 6.6 percent in December 2021, but the full-year unemployment rate remained below its pre-pandemic average, data from the Philippine Statistics Authority (PSA) showed. Based on the PSA report on Wednesday, Feb. 8, the...
Local share prices dropped further after the government announced a higher-than-expected inflation rate for January. The main index lost 55.35 points or 0.80 percent to close at 6,881.26 with the Services sector seeing the biggest drop while Conglomerates and Miners managed to advance. Volume...
National Home Mortgage Finance Corporation (NHMFC) has closed its fifth securitization exercise called “BALAI Shelter Compliance ABS” involving total issuance worth around P715.152 million. Securitized is a portion of the socialized housing loan portfolio NHMFC acquired from the Home...
Aiming to avoid delays in the implementation of public works projects, the House of Representatives on Monday, Feb. 6, passed on the third and final reading a bill expediting the acquisition of right of way (ROW) for various national government infrastructure projects that would bring development...
Local share prices fell ahead of the release of the January inflation report and amid concern over further US rate hikes. The main index dropped 90.77 points or 1.29 percent to close at 6,936.61 with the Services sector leasing the retreat across the board. Volume was a hefty 1.24 billion shares...
The Anti-Red Tape Authority (ARTA) has committed to streamlining processes and requirements and harmonizing the overlapping mandates on importation and exportation in the processed food sector. Processed food / PIXABAY The ARTA said this after the Export Development Council's-Networking Committee...
Department of Social Welfare and Development (DSWD) Secretary Rex Gatchalian holds his first press conference with the media at the DSWD Central Office in Quezon City on Friday, Feb. 3, 2023. (Photo courtesy of DSWD) Alleviating hunger, enhancing disaster response, and streamlining social...
