The Philippine Stock Exchange index (PSEi) rose on Tuesday, Jan. 13, as investors used the double-digit decline in foreign direct investment data as catalyst to lock in gains following a three-day rally. The benchmark index fell 11.2 points, or 0.17 percent, to finish at 6,408.76. While the retreat...
While many Philippine universities have adopted affirmative action policies, implementation remains uneven, leaving significant gaps in student support programs, according to a new survey by the Second Congressional Commission on Education (EDCOM 2). In a statement issued Tuesday, January 13, EDCOM...
I remember the first time I read a forecast about artificial intelligence that truly made me pause. It wasn’t marketing hype or an analyst’s sales pitch. It was a deep scenario exercise called AI 2027, authored by Daniel Kokotajlo, Eli Lifland, Thomas Larsen, Romeo Dean, and Scott Alexander,...
The Philippine Stock Exchange (PSE) extended its winning streak to open the week as investors increased bets that a looming pivot toward monetary easing will catalyze domestic economic growth. The PSE Index climbed 71.82 points, or 1.1 percent, to finish at 6,419.96 on Monday, Jan. 12. The move...
The Department of Social Welfare and Development (DSWD) on Monday, Jan. 12 said it will adopt guidelines from the Ayuda Para sa Kapos ang Kita Program (AKAP) that prohibit the participation of politicians and other government officials in offsite payout activities for financial assistance programs,...
Local stock market may face selling pressure this week as investors lock in gains following a three-week rally, while shifting their focus to upcoming data on foreign investment and remittances for further direction. The Philippine Stock Exchange index (PSEi) has shown a bullish bias recently,...
Senator Rodante Marcoleta has raised concerns over the veto on several unprogrammed appropriation items in the General Appropriations Act (GAA), saying many of the items should not have been removed, particularly those originally proposed by the executive itself in the National Expenditure Program...
The Philippine Stock Exchange index (PSEi) closed the week in the green as investors continued to buy up shares amid upbeat economic forecasts as well as increased foreign buying. The main index added 27.47 points, or 0.43 percent, to close at 6,348.14 on Friday, Jan. 9. Services still led the...
Local stocks edged higher as investors focused on the prospect of interest-rate cuts by the central bank, looking past the record low for the local currency and a mixed batch of economic data. The Philippine Stock Exchange index rose 28.58 points, or 0.45 percent, to close at 6,320.67 on Thursday,...
Beginning with pure profit intent, the controversial Maharlika Investment Fund has metamorphosed into a “deemed national development tool,” with income now a secondary goal. So said Stephen CuUnjieng, investment banker and chairman of the Maharlika Investment Committee, during a recent FINEX...
The Philippine Stock Exchange index (PSEi) took a breather after its three-day rally as the higher national debt and weaker peso prompted investors to cash out and pocket some profit. The main index dropped 25.82 points, or 0.41 percent, to close at 6,292.09 on Wednesday, Jan. 7. The services...
Senator Imee Marcos stated on Wednesday, January 7, that she anticipates a fresh impeachment complaint against Vice President Sara Duterte to be filed by February 6. In an interview, Marcos told reporters that she would be “surprised” if no second impeachment complaint is filed, citing what...
