From left: CPF Philippines Vice President, Phaisarn Rewriab; CPF Philippines Chief Finance Officer, Supakitti Bunvet; CPF Philippines President, Udomsak Aksornphakdee; DBP Senior Vice President, Carolyn I. Olfindo; and DBP Assistant Vice President, Rallen O. Verdadero. State-owned Development Bank...
DOH The Department of Health (DOH) said it is now in communication with the US Agency for International Development (USAID) in order to obtain smallpox vaccines and medicines for its possible fight against monkeypox. “We like to assure that we are in constant communication with our counterparts,...
The local stock market rallied on news that the US Federal Reserve may no longer need to raise rates as aggressively in the near term. The PSEi shot up by 142.50 points or 2.29 percent to close at 6,379.26 as Banks and Conglomerates led the charge. Volume improved but remained thin at 567 million...
The PSEi managed to close higher after sluggish trading during the day as investors continue to wait for news from the US Federal Reserve. The main index eked out a gain of 13.76 points or 0.22 percent to close at 6,236.76 with Banks leading the advance while the Property sector lagged behind....
Almaciga resin or Manila copal. Photo by Jason Houston from Wikimedia Commons. The resin extracted from a native tree called almaciga ( Agathis philippinensis ) has long been traded by the Philippines under the name of Manila copal. It is used to manufacture varnish, lacquer, and paint....
The local stock market improved only slightly after the previous day’s much awaited State of the Nation Address as investors adopt a “wait-and-see” attitude. The main index inched up 13.47 points or 0.22 percent to close at 6,223.00 with Conglomerates leading the advance as the Banks and...
The Marcos administration is aiming to raise Filipinos’ average earning to around P20,000 per month in two years, an income level that would propel the Philippines towards the much coveted upper-middle income status. From the current per capita income of $3,549 or roughly P197,692 at current...
The Filipino invention can far supersede technologies from foreign counterparts at least in the eyes of GECAR Machine Solutions, Inc. (GECAR), a partner of the Department of Science and Technology – Metals Industry Research and Development Center (DOST-MIRDC). Photo courtesy of DOST-MIRDC Based...
Muntinlupa Mayor Ruffy Biazon said the city government should be consulted and must be part of the planning regarding the development of the vast New Bilibid Prison (NBP) land located in Barangay Poblacion. “My position on NBP land development is that the local government should not only be...
The local stock market lost ground as investors wait for the President’s State of the Nation Address (SONA). The main index dropped 53.86 points or 0.86 percent to close at 6,209.53 as Banks led the retreat although the Property and Mining counters managed to advance. Volume remained thin at 517...
Atlas Consolidated Mining and Development Corporation reported a slight improvement in net income to P2 billion in the first half of 2022 from the P1.94 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said “The improvement in the bottom line...
Technical Education and Skills Development Authority (TESDA) Director General Danilo Cruz has expressed his desire for the agency to provide more training that will improve the economic and social standing of the Filipino workforce. TESDA/MB He said this during his first flag raising ceremony as...
