The local stock market dropped further as investors seek better opportunities in countries that are better at handling the pandemic. Photo credit: PSE file. The PSEi shed 23.86 points or 0.37 percent to close at 6,415.53 as all sub-indices fell across the board. Volume remained anemic...
Amid the prevalence of African Swine Fever (ASF), state-run lender Land Bank of the Philippines (LANDBANK) has doubled its credit commitment to the local swine industry from P15 billion to P30 billion. This, according to the bank, will help local pork producers and feed millers to repopulate and...
On condition for a reduced tariff rate proposal, the Clark Development Corporation (CDC) has finally agreed to give Clark Water Corporation (CWC) the notice to proceed with its compliance action plan (CAP). This, after the CWC, a subsidiary of Manila Water Company, Inc., agreed to CDC’s...
Local stocks dropped as investors preferred to hold on to cash during the weekend. The main index lost 45.15 points or 0.69 percent to close at 6,494.81 with the Property sector leading the retreat while the Mining and Oil counter advancing the most. Volume remained low with 6.77 billion shares...
Philippine businessmen Wednesday, (April 14) took a pause from their busy schedules to make a stand against China’s aggression in the country's territory. With that business groups rallied behind Defense Secretary Delfin Lorenzana, other government officials and various groups...
Local share prices weakened as new COVID cases remain high while the death rate is rising. The main index shed 26.53 points or 0.41 percent to close at 6,518.64 with only the Financials counter inching up. A total of 2.43 billion shares worth P5.97 billion changed hands as losers beat gainers 120...
Globe Telecom, Inc. said it will ramp up collaborative initiatives with its customers in order to double efforts on reforestation, watershed conservation, and carbon dioxide (CO2) reduction efforts to combat climate change. So far, the company raised P15.65 million for these efforts, which will be...
The Philippine International Literary Festival happens this month and onward Portuguese poet Fernando Pessoa describes literature as “the most agreeable way of ignoring life.” Simply put, it’s the best kind of distraction. If so, then literature could easily be considered an “essential...
The Philippine government has tapped San Miguel Corporation (SMC) for its new packaging solution that will prolong the shelf life of local milk. SMC’s packaging unit, San Miguel Yamamura Packaging Corp. (SMYPC), recently signed an agreement with the Philippine Carabao Center (PCC), an attached...
Philippine shares rose on the back of record performances of US bourses. PSE file photo The main index jumped 94.96 points or 1.46 percent to close at 6,590.11 as share prices rose across the board, led by the Holding Firms and Industrial counters. Volume remained tepid though at 2.41 billion...
Food security advocacy group Tugon Kabuhayan asked the government to include fish products in the distribution of food relief during the implementation of enhanced community quarantine (ECQ) in Metro Manila and nearby areas. This is to help fishermen have a sure market during the ECQ, as well as...
The local stock market fell as investors cashed out ahead of the uncertainties that shroud the long weekend. Photo credit: PSE file. The main index dropped 102.46 points or 1.57 percent to close at 6,443.09 as share prices fell across the board. Volume improved but remained low at 2.4 billion...
