The Philippine Stock Exchange index (PSEi) fell to a 6.5-month low on Monday, Jan. 13, dragged down by a strengthening US dollar and growing concerns over the pace of US Federal Reserve rate cuts. The main index plunged by 153.22 points or 2.36 percent to close at 6,343.10 as Conglomerates led the...
Minister Hsu Chia-ching (left) presents a congratulatory certificate to Taiwan-Philippines Educational Development Foundation Chairman Su Kuo-fang (right) The Taiwan-Philippines Educational Development Foundation held its fourth and fifth Board of Directors inauguration ceremony on January 12,...
Bases Conversion and Development Authority (BCDA) President and CEO Engr. Joshua M. Bingcang led the official signing of residential lease agreement with Forest Cabin lessee, Metro Pacific Investment Corp. Director Victorico Vargas. Also present at the event was BCDA Chairperson Hilario B. Paredes...
Development Bank of the Philippines (DBP) said it will request an extension of regulatory relief from the central bank, following its investments in the Maharlika Investment Fund (MIF), while the Land Bank of the Philippines (Landbank) does not see the need for it. On the sidelines of the 2025...
DBP President and Chief Executive Officer, Michael O. de Jesus, displays his “Top Leaders in Asia” award conferred by Malaysia-based MORS Group during awarding rites held recently in Bangkok, Thailand. State-owned Development Bank of the Philippines (DBP) President and Chief Executive...
The PSEi eased on thin trades on the last trading day of the week amid lack of cues from the US. The main index shed 15.25 points or 0.23 percent to close at 6,496.32 with Conglomerates leading the decline while Banks bucked the trend to post a decent gain. Volume was anemic at 1.04 billion shares...
State-run Clark Development Corporation (CDC) is ramping up efforts to attract more global investors to the Clark Freeport Zone, starting with strengthening its relationship with Taiwanese firms. CDC President and Chief Executive Officer Agnes VST Devanadera, and 17 Taiwanese companies, alongside...
The local stock market fell below the 6,500 level on renewed concerns that the US Federal Reserve may hold back on interest rate cuts. The main index lost 48.66 points, or 0.74 percent, to close at 6,496.72, with Conglomerates leading the decline while Miners managed to rally. Volume inched up to...
The Bases Conversion and Development Authority (BCDA) said it is exploring waste-to-energy technology as a renewable energy source in the Clark Freeport and Special Economic Zone. In a statement, Joshua M. Bingcang, BCDA president and chief executive officer, said this initiative aligns with the...
The Clark Development Corporation (CDC) has issued a cease-and-desist order (CDO) against Fontana Development Corporation (FDC) and Fontana Resort and Country Club, Inc. (FRCCI). In a Facebook post, CDC said the order immediately halted all operations within the leased area, including a...
The local stock market dropped after the government reported an uptick in the inflation rate last month. The main index fell 79.79 points, or 1.20 percent, to close at 6,545.38. The Services sector led the retreat, with only Mining and Oil in the green. Volume was higher but still thin at 1.51...
Acknowledging the vital role of early childhood education in enhancing the country’s overall education quality, the Second Congressional Commission on Education (EDCOM 2) emphasized on Tuesday, Jan. 7, its support for increased investment in early childhood education as part of the 2025 national...
