An unusually short prepared speech on Friday, Oct. 29 during the simultaneous inauguration of seven port development projects in Bohol caused President Duterte to reveal a little known fact about himself--he actually traces his roots to the province. AD-LIB MODE--President Rodrigo Duterte decides...
The local stock market fell as investors cashed out ahead of the long weekend. The main index dropped 103.03 points or 1.44 percent to close at 7,054.70 as the Services and Property counters led the decline across the board. 42281 Volume was steady at 1.12 billion shares worth P7.7 billion as...
More than three-fourths of the country’s economy remain under heightened restrictions, the National Economic and Development Authority (NEDA) said, warning this prolonged-quarantine period will not come without consequences on future generations. Since the onset of COVID-19 pandemic in March last...
The local stock market dropped on more profit-taking as investors wait for developments here and from overseas. The main index fell 72.42 points or 1.00 percent to close at 7,157.73 as the Property and Mining and Oil counters fell with only the Services sector rising. 42016 Volume was slightly...
The National Economic and Development Authority (NEDA) said that allowing businesses to fully operate is a more sustainable approach than providing government subsidies to sectors that lost their income as result of the prolonged lockdowns. Socioeconomic Planning Secretary Karl Kendrick T. Chua...
The Philippine Center for Postharvest Development and Mechanization (PHilMech) has distributed farm machines worth P439.8 million in Leyte, benefitting 131 qualified farmers’ cooperatives and associations (FCAs) from 38 municipalities and cities of the province. The P439.8-million worth of...
The Asian Development Bank (ADB) has reaffirmed its support for a rapid economic recovery, infrastructure development, and regional cooperation. At the 14th Brunei Darussalam–Indonesia–Malaysia–Philippines East ASEAN Growth Area (BIMP–EAGA) Leaders’ Summit on Thursday, Oct. 28, Masatsugu...
The PSEi dipped on foreign selling of some index heavyweights as funds were moved to the US. The main index declined 21.95 points or 0.30 points to close at 7,239.15 although sectoral indices were evenly mixed with Holding Firms leading the retreat while the Industrial counter posted the highest...
The local stock market started the weak on a sour note as share prices dropped on concerns over US corporate earnings and inflation. The main index fell 78.07 points or 1.07 percent to close at 7,211.54 as Property and Holding Firms led the retreat while Banks and Services counters held their...
The Department of Agriculture (DA) and the Department of Energy (DOE) are in talks about the possible implementation of a gasoline discount mechanism in the fisheries sector, one of the most hit farm sub-sectors by the incessant rise in gasoline prices. In a briefing Monday, Oct. 25, DA...
President Duterte’s economic managers approved the grant of fuel subsidies, giving public transportation sector the much-needed relief from skyrocketing pump prices. The inter-agency Development Budget Coordination Committee (DBCC) announced Monday, Oct. 25, that the government will shell-out P1...
Synergy Grid & Development Philippines, Inc. has set the final price for its follow-on offering at P12.00 per share—at the bottom of its adjusted price range of P12 to P17 per share. This lower FOO price translates to a maximum IPO size of P13.81 billion. Earlier this week, SGDP lowered its...
