OCEA, a French shipbuilding company, has pledged P1.5 billion in investments for a shipyard project in the Philippines that may potentially create 500-600 direct and indirect jobs, according to the Department of Trade and Industry. The investment pledge was revealed by OCEA Chief Executive Officer...
The local stock market continued to lose ground after failing to stay above the 7,000 level. The PSEi shed 49.43 points or 0.71 percent to close at 6,943.00 as share prices fell across the board with the Services counter leading the retreat. PH STOCKS Volume was anemic at 1.7 billion shares worth...
The Department of Social Welfare and Development (DSWD) has reported that the Taal Volcano’s unrest has displaced more than 1,600 families. Residents of Barangays Agoncillo, Boso-boso in Laurel, Batangas are forced to flee their homes on July 4, 2021, as Taal Volcano remains under Alert Level 3...
Philippine Institute for Development Studies (PIDS) recommended against the proposal to mandate local government units (LGUs) to allot 10 percent of their internal revenue allotment (IRA) to the agriculture sector starting next year. “ is not recommended since not all LGUs have agriculture and...
The Department of Science and Technology-Industrial Technology Development Institute (DOST-ITDI) is expected to launch on Thursday, July 8, its special edition of online business talk show to attract more businesses to adopt its developed technologies. (DOST-ITDI) The DOST-ITDI announced that the...
The local stock market weakened despite the announcement of a lower inflation rate as investors opted to sell on news. PH STOCKS The main index dropped 43.95 points or 0.62 percent to close at 6,992.43 with the Property sector registering the biggest decline while the Services counter was the only...
The Philippine Fisheries Development Authority (PFDA) is now working on the forthcoming construction of six post-harvest facilities, mainly fish ports, across different parts of the country. A statement showed that PFDA General Manager Glen Pangapalan recently met with several local government...
Officials from the science and technology departments of Israel and the Philippines have agreed to continue their discussions on potential cooperation in the areas of agriculture, biomedicine, and artificial intelligence (AI) at the conclusion of the just-concluded First Joint Committee Meeting...
The Department of Science and Technology-Forest Products Research and Development Institute (DOST-FPRDI) launched Monday, July 5, the state-of-the art Technovation Hub, which seeks to benefit entrepreneurs venturing on furniture, woodcraft, housing and bamboo musical instruments production....
All the six financial service providers (FSPs) that were tapped in 2020 to undertake digital electronic disbursement of second tranche of emergency cash subsidies under Social Amelioration Program (SAP) through restricted transactional accounts hurdled the Bangko Sentral ng PIlipinas’ (BSP)...
The Department of Social Welfare and Development (DSWD) said Monday, July 5, it wanted to see the data on the supposed 1.3 million unserved beneficiaries who failed to receive their cash aid under the national government’s Social Amelioration Program (SAP) due to use of Starpay e-wallet as...
Local share prices rose, as they continue to ride on a wave of growing optimism among investors. The PSEi added 34.12 points or 0.49 percent to close at 7,036.38 as the Industrial and Property indices led the advance with only the Financials counter retreating. However, volume dropped to 1.79...
