The local stock market continued to weaken as the week started with news of a drop in foreign direct investments (FDI). The main index lost 37.17 points or 0.53 percent to close at 6,940.02 as only Banks held their ground while the Mining sector fell on lower gold prices. Volume was low at 548...
National Security Council (NSC) Asst. Director-General Jonathan Malaya (File photo) Despite calls for the abolition of the National Task Force to End Local Communist Armed Conflict (NTF-ELCAC), President Marcos Jr. ordered the increase the funding of its Barangay Development Program (BDP) from P2.5...
The Securities and Exchange Commission (SEC) affirmed its global leadership in championing sustainability, receiving top honors from the United Nations Conference on Trade and Development (UNCTAD) for the third time for promoting sustainability reporting. This recognition came during the 41st...
Multiple reports of violators on the EDSA busway seemed to prompt Senator Raffy Tulfo to ask the Metropolitan Manila Development Authority (MMDA) the question: "Where are your big bikes for catching violators?" He brought this up during the plenary budget deliberations led by Senate Committee on...
Ever wondered what happened to your favorite local shop? Did it close due to staffing shortages or limited growth potential? The small business landscape continues to expand, but the biggest challenge remains: longevity. The Philippine Statistics Authority (PSA) reported over a million...
The Philippine Stock Exchange index (PSEi) declined to close the week below the 7,000 support level as investors continued to sell local stocks due to concerns regarding the implications of a Trump presidency and slower economic growth. The main index dropped by 37.26 points, or 0.53 percent,...
Atlas Consolidated Mining and Development Corporation, a copper and gold producer controlled by the Sy and Ramos families, reported a 29 percent increase in net income, reaching P1.13 billion in the third quarter of 2024, from P880 million during the same period last year. According to the...
Manila-based Asian Development Bank (ADB) has approved nearly P100 billion ($1.7 billion) to fund a 37.5-kilometer climate-resilient expressway in the Philippines that aims to boost regional connectivity and economic competitiveness. The ADB will support the Laguna Lakeshore Road Network Project...
DAVAO CITY – Mindanao Development Authority Chairman Secretary Leo Tereso Magno highlighted the 2024 Innovation Summit’s essential role in unlocking investment opportunities in Mindanao. MAGNO (FB) The three-day summit kicked off on Thursday, Nov. 7, at SMX Convention Center here, gathering...
The local stock market plunged after the government reported slower-than-expected growth for the Philippine economy and Donald Trump won the US presidential race. The main index fell by 150.98 points, or 2.11 percent, to close at 7,014.44, with the Property sector still leading the decline,...
Senator Raffy Tulfo confirmed on Wednesday, Nov. 6, that a senator's relative was the passenger of the sports utility vehicle (SUV) bearing plate number “7” that was caught using the EDSA busway and tried to run over a Department of Transportation (DOTr) enforcer. In a press conference, Tulfo,...
The local stock market fell due to a possible Trump win in the US elections. The main index lost 92.52 points or 1.27 percent to close at 7,165.42 with the retreat led by the Property sector. Volume dipped to 1.33 billion shares worth P4.58 billion as losers beat gainers 105 to 83 with 49...
