The decision of the Supreme Court to void the 2005 Tripartite Agreement for Joint Marine Seismic Undertaking (JMSU) among China National Offshore Oil Corporation (CNOOC), Vietnam Oil and Gas Corporation (PETROVIETNAM), and the Philippine National Oil Company (PNOC) is a welcome development. The...
The local stock market surged on the back of gains in US share prices amid hopes of easing inflation. The main index jumped 124.19 points or 1.85 percent to close at 6,833.53 with the Property sector leading the rally while the Mining and Oil counter lagged behind. Volume rose to 1.42 billion...
San Miguel Corporation’s (SMC) Luzon Clean Water Development Corporation (LCWDC) will make available potable and affordable water from the Angat reservoir to more than 350,000 households in Bulacan by early 2025. In a statement, SMC said this comes as it starts implementation of Stage 3A of the...
Department of Social Welfare and Development The Department of Social Welfare and Development (DSWD) of the Philippines and the Labor and Welfare Bureau of Hong Kong reaffirmed their commitment to work together to protect the welfare of every Filipino in the Philippines and abroad, in a meeting...
(DSWD-DROMIC / FACEBOOK) There are still 3,349 families or 11,004 people affected by the widespread flooding in recent weeks who remain in 52 evacuation centers, based on a report by the Department of Social Welfare and Development (DSWD) on Jan. 10. DSWD said that there are also 41 families, or...
Local share prices weakened for the second day as US and Philippine monetary authorities are expected to raise interest rates soon. The main index lost 47.35 points or 0.70 percent to close at 6,709.34 with Banks and Property leading the retreat although Industrials and Miners managed to advance. A...
The local stock market declined as investors took profit following mostly weaker US bourses prior to the release of inflation data. The main index dropped 33.55 points or 0.49 percent to close at 6,756.69 with only the Services sector managing to stay in the green. Volume jumped to 2.51 billion...
The local stock market resumed its upward trek after a brief respite last Friday, as investor sentiment was boosted by upbeat overseas markets. The main index jumped 122.27 points or 1.83 percent to close at 6,790.24 as Miners and Banks led all sectors in the rally. Volume was also firmer at 2.46...
A total of 649 memoranda of agreement, 16 memoranda of understanding, and two memoranda of partnerships were signed by the Technical Education Skills Development Authority (TESDA) in 2022, further advancing technical vocational education and training (TVET) in the country. TESDA Director General...
The local stock market is seen to continue consolidating at current levels although sentiment appears to be more bullish with the PSEi rising 1.55 percent in the first trading week of the new year. “The market has been able to maintain its position above the 6,600 level (a previous resistance)...
At least 192,188 families from regions affected by three weather disturbances have received assistance from the Department of Social Welfare and Development (DSWD). Courtesy of Department of Social Welfare and Development (Facebook) As of Thursday, Jan. 5, there were 161,145 families or 645,097...
The National Telecommunications Commission (NTC) collection in 2022 reached P9.50 billion, exceeding its 2022 collection target by 70.21 percent or over P3.92 billion. In a statement, NTC Officer-in-Charge Commissioner Ella Blanca B. Lopez said that target collection for 2022 was pegged at P5.58...
