Filinvest Development Corporation (FDC), the holding company of the Gotianun family, reported a 36 percent drop in attributable net income to P3.97 billion in the first nine months of 2022 from the P6.18 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange,...
The House Committee on Social Services has approved the consolidation of a measure, which seeks to institutionalize the Assistance to Individuals in Crisis Situation (AICS) Program of the Department of Social Welfare and Development (DSWD). Distribution of DSWD’s Assistance to Individuals in...
The National Economic and Development Authority (NEDA) has assured Malacañang that the Marcos administration’s development plan will be ready for implementation beginning next year. In a briefing with President Ferdinand R. Marcos Jr. last Nov. 15, Socioeconomic Planning Secretary Arsenio M....
Stock market investors finally start taking profits made during the PSEi’s recent rally and ahead of the expected rate hike by the Bangko Sentral on Thursday. The main index shed 26.85 points or 0.42 percent to close at 6,392.09 with sectoral indices evenly mixed. Volume rose 969 million shares...
The local stock market rose despite a pause in the US bourses’ rally as investors hope for slower interest rate hikes. The PSEi rose 64.18 points or 1.01 percent to close at 6,418.94. Except for the Properties, all sectors were in the green with Conglomerates leading the advance. 92486 A total of...
The current administration is expected to present the Philippine Development Plan (PDP) 2023 to 2028 next month. (Photo courtesy of the Office of the Press Secretary) Socioeconomic Planning Secretary Arsenio Balisacan , who also heads the National Development and Economic Authority (NEDA),...
The local stock market continued to rise on fresh corporate earnings reports as well as the easing of inflation rate in the US announced last week. The main index added 67.99 points or 1.08 percent to close at 6,354.76 as Conglomerates led the advance although the Mining and Oil counter retreated....
International Film Industry Conference 2022 aims to bring synergy to stakeholders Hearing film experts from neighboring ASEAN countries and bridging connections for progressive co-productions are the goals of the government to help the film industry rise against the economic slump caused by the...
The local stock market rose before the week ended, boosted by hopes that inflation in the US is already coming down from its peak. The main index jumped 119.20 points or 1.93 percent to close at 6,286.77as Conglomerates and the Property sector led the rally. Volume improved to P4.92 billion as...
The Department of Public Works and Highways (DPWH) has completed a new farm-to-market road (FMR) in Butuan City, Agusan del Norte worth P17 million which is expected to improve the mobility of goods and agricultural products. Courtesy of DPWH DPWH Regional Office 13 Director Pol M. Delos Santos...
Stock market analysts cheered the higher-than expected Philippine economic growth in the third quarter, attributing it to the Marcos government’s decision to ease Covid restrictions which resulted in higher consumer spending and a more active economy. “Growth was able to outperform the previous...
Senator Raffy Tulfo on Friday, November 11, welcomed President Marcos’ call for aggressive action to address the country’s short-term and long-term energy requirements. In a statement issued today, Tulfo thanked the Chief Executive for promptly responding to the pressing issue on energy, saying...
