The Philippine Stock Exchange Index (PSEi) bounced back as investors picked up bargains on news that COVID-19 cases in the National Capital Region seems to be easing. The PSEi rose 120.13 points or 1.66 percent to close at 7,343.96 led by the Holding Firms and Services sectors with only the Mining...
Voting 23-0, the Senate approved on third and final reading House Bill No. 8930, which seeks the creation of the Metropolitan Davao Development Authority (MDDA). Sen. Francis Tolentino, chair of the Senate Committee on Local Government and sponsor of the measure, said the establishment of the MDDA...
The local stock market ended lower on the lack of good news even as local COVID cases continue to rise to record levels. The main index dropped 37.51 points or 0.52 percent to close at 7,223.83 as Banks led the retreat although the Mining and Oil counter posted strong gains. Volume was still low at...
Finance Secretary Carlos Dominguez III has cited the initiatives of the Capital Market Development Council (CMDC) to make the Philippine financial system “broad-based and inclusive” as among the lasting legacies of the body under the Duterte administration. In step with President Duterte’s...
The local stock market dipped as investors cashed out for the weekend after the sharp gains made in the last 2 days. The main index shed 17.72 points or 0.24 percent to close at 7,290.03 as sectoral indices were evenly mixed with Banks leading the retreat while the Mining and Oil counter led...
Stocks gains more ground The local stock market continued to rise on belief that the Omicron variant may not derail economic recovery. The main index jumped 92.62 points or 1.28 percent to close at 7,307.75 with the Mining and Oil counter leasing the advance. However, volume dropped to 1.2 billion...
The Technical Education and Skills Development Authority (TESDA) has urged Filipinos to avail of 10 free online courses relevant to COVID-19 management given the rising number of coronavirus disease (COVID-19) cases in the country. TESDA SECRETARY ISIDRO LAPEÑA (MANILA BULLETIN) TESDA Secretary...
The local stock market jumped on positive news here and abroad. The main index rose 129.44 points or 1.83 percent to close at 7,215.13 as the Property and Mining and Oil counters led gains across the board. Volume was lower though at 854 million shares worth P5.95 billion as gainers swamped losers...
Aspiring president Vice President Leni Robredo has bared her intention to improve the country's funding on research and development, which she plans to use in addressing major issues in key sectors, if she wins the presidency. Vice President Leni Robredo (OVP photo) During a townhall meeting with...
Malacañang has confirmed the appointment of former Davao City Councilor Maria Belen Sunga Acosta as the new Mindanao Development Authority (MinDA) chairperson. Malacañang Palace (Photo from PNA) A statement from Cabinet Secretary and Acting Presidential Spokesperson Karlo Nograles Wednesday,...
The local stock market pulled back after the previous session’s spike as COVID cases continue to mount. PSEI-NEW-PHOTO-1024x683 The main index dropped 54.98 points or 0.77 percent to close at 7,085.69 as the Mining and Oil counter led the retreat across the board. Volume improved to 878 million...
The Bureau of Internal Revenue (BIR) has partnered with the Development Bank of the Philippines (DBP) and MyEG for a payment service that allows taxpayers to pay their tax dues online. 58503 In a statement released by MyEG on Tuesday, Jan. 11, the electronic solutions firm announced that the BIR is...
