State-run Bases Conversion and Development Authority (BCDA) announced the launch of the country’s first-ever self-driving bus in New Clark City in Capas, Tarlac. The bus service, which utilizes a transportation cloud system called Smart Mobility Operation Cloud (SMOC), will be accessible to the...
Despite the string of strong typhoons that battered economically-productive parts of the Philippines so far in the third quarter, the country's chief economist still expects to hit the targeted economic expansion for 2024. "We're confident we'll achieve our six- to seven-percent growth target this...
The PSEi closed flat after late selling pulled it back down from its peak well above the 7,000 resistance level. The main index end higher by just 0.38 points or 0.005 percent at 6,984.63 as half the sector indices declined. Volume was strong at 777 million shares worth P7.26 billion as gainers...
The PSEi started the week stronger and just a few points shy of 7,000 resistance level amid growing optimism spurred by better Philippine economic numbers. The main index rose by 48.16 points or 0.69 percent to close at 6,984.25 as Banks led the charge although Industrials and Miners were in the...
The Bangsamoro Government is poised to take over the Development Bank of the Philippines' (DBP) shares in the Al-Amanah Islamic Investment Bank of the Philippines (AAIIBP), a move that aims to strengthen its economic autonomy and support development initiatives in the region. Finance Secretary...
The long-term growth and development of the Philippines would depend on efforts to create a favorable investment environment that encourages economic diversification across multiple sectors, the National Economic and Development Authority (NEDA) said. During the US-ASEAN Business Council’s...
The Department of Finance (DOF) vowed to tackle systemic issues impacting the implementation of projects funded by the Asian Development Bank (ADB). This was after the ADB’s 2024 Philippine Portfolio Review evaluated the performance of the Department of Public Works and Highways (DPWH) and...
The local stock market rose further as optimism generated by the lower inflation rate overcame news of weaker US equities. The main index added 28.12 points or 0.41 percent to close at 6,936.09 with Conglomerates leading the advance while the Services and Mining counters lagged behind. Volume was...
The local stock market firmed up after the August inflation rate dropped lower than expected. The main index added 25.85 percent or 0.38 percent to close at 6,907.97 but sectoral indices were still evenly divided. Volume was lower at 517 million shares worth P5.07 billion as gainers edged out...
The Bases Conversion and Development Authority (BCDA) has announced that the Philippine Space Agency (PhilSA) will set up its headquarters in New Clark City (NCC), Capas, Tarlac. In a statement on Thursday, Sept. 5, BCDA said that a one-hectare parcel of land in NCC has been leased for 50 years to...
The PSEi recovered from early losses to close flat as investors initially sold down stocks following weak US markets overnight. The main index shed just 0.8 points or 0.01 percent to close at 6,882.12 with sectoral indices evenly divided. Volume was a little higher at 653 million shares worth P5.56...
State-run Philippine National Oil Company (PNOC) will reinforce its initiative for solar rooftop installations at the buildings of the National Economic and Development Authority (NEDA) in Region IV-A areas. The planned deployment of solar photovoltaics (PVs) in the NEDA facilities was cemented...
