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...
The local stock market continued to drop despite the release of better-than-expected economic growth numbers. The main index fell 74.11 points or 1.19 percent to close at 6,167.57 although sectoral indices were evenly mixed with the Property counter leading gains while Conglomerates saw the biggest...
The Department of Science and Technology (DOST) launched on Wednesday, Nov. 9, the first day of the Handa Pilipinas: Innovations in Disaster Risk Reduction and Management Expo 2022 to showcase the latest innovative technologies and products and research and development (R&D) project-related...
The local stock market declined as investors continue to wait for the outcome of US elections and the Wednesday’s GDP report. The main index dropped 47.42 points or 0.75 percent to close at 6,242.68 as the Mining and Oil index led the retreat while the Industrial and Holding Firms counters...
Stocks ease before US midterm elections The PSEi took a breather after posting strong gains in the last two sessions as investors took profit before the US midterm elections and the release of Philippine GDP figures. The main index shed 6.48 points or 0.10 percent to close at 6,289.10 as the Mining...
