The local stock market barely moved Friday, (June 4) after the government’s announcement of the inflation rate for the month of May. The main index inched up 4.47 points or 0.07 percent to close at 6,796.34 as sectoral indices were evenly mixed with Banks leading advancers and Mining stock...
The local stock market declined as investors stepped on the brakes to pocket some gains from the surge in past days. The main index dropped 49.82 points or 0.73 percent to close at 6,791.87 as the Property sector led the retreat although the Mining and Oil counter posted strong gains while the...
Marcventures Mining and Development Corporation (MMDC), a subsidiary of listed nickel miner Marcventures Holdings Inc. (MHI), is targeting to ship 2.035 million wet metric tons (WMT) of nickel ore this year, higher than the 1.732 million WMT it shipped in 2020. In a statement, MMDC said that for...
Local share prices rallied due to favorable developments at home and overseas. The PSEi surged 214.26 points or 3.23 percent to close at 6,841.69 as share prices rose across the board with the Property and Holding Firms counters leading the charge. A hefty 1.9 billion shares worth P9.51 billion...
The local stock market ended flat Tuesday, June 1 after a weak start as the listing of Monde Nissin’s shares failed to spark a rally. The main index shed 1.06 points or 0.02 percent to close at 6,627.43 as the Mining and Oil counter led the retreat while the Financials and Property sectors...
The Department of the Interior and Local Government (DILG) recognized Tuesday, June 1, the PDP-Laban party's quest for the retention and future increase of funds for the Barangay Development Program (BDP), the government's flagship project to end communist insurgency. DILG Undersecretary Jonathan...
Government regulators have been putting in place frameworks to encourage key sectors of the economy such as publicly listed companies, banks and financial institutions to contribute to the attainment of Sustainable Development Goals (SDGs). As a member of the United Nations, the Philippines has...
The local stock market dropped after investors locked in gains from last week’s rally amid uncertainty whether quarantine measures will be eased or tightened. The main index lost 46.02 points or 0.69 percent to close at 6,628.49 with only the Financials sector mamaging to hold its ground. Volume...
The local stock market held its ground as investors remain optimistic and did not pocket substantial gains made in the past two days. The main index inched up 9.37 points or 0.14 percent to close at 6.674.51 as the Services and Property counters led gainers while the Holding Firms sector was the...
The local stock market followed the previous day’s jump with a stronger rally just before the MSCI rebalancing and over optimism fueled by the fiscal stimulus bill. The PSEi surged 323.90 points or 5.11 percent to close at 6,665.14 as all sectors advanced. Volume of trades also spiked, rising to...
The Department of Environment and Natural Resources (DENR) is set to implement P7.25-billion worth of projects for enhanced ecosystems in the Philippines, a move that will be largely backed by a bilateral assistance fund from the United States Agency for International Development (USAID). This...
A Thai-owned agri-industrial and food conglomerate has joined the Philippine government in its mission to revive the country’s swine industry, which had been adversely affected by the African Swine Fever (ASF) crisis. CRUCIAL PACT -- Thai-based agri firm Charoen Pokphand Foods Philippines...
