Better late than never, so it seemed, when President Duterte signed last week Republic Act 11712, or the “Public Health Emergency Benefits and Allowances for Health Care Workers Act.” This law grants mandatory continuing benefits to public and private health workers during the pandemic and...
The local stock market rose further after the US Fed assured that it will not be aggressive in raising rates as many fear. PSE The main index rose 66.19 points or 0.97 percent to close at 6,868.92 as the Mining and Oil counter surged and led gains across the board. However, volume dipped to 1...
As Covid-19 restrictions ease and consumers favor a more digital lifestyle, PLDT Inc. hauled in ₱46.4 billion consolidated service revenues (net of interconnection costs) in the first quarter of 2022, up 3 percent from the same period last year, resulting in 56 percent increase in net income to...
The local stock market bounced as investors pick up stocks that have suffered losses in past sessions. The main index jumped 81.65 points or 1.22 percent to close at 6,892.73 as the Property sector led the advance although Mining and Oil and Holdjng Firms remained in the red. Volume picked up with...
Albay 2nd district Rep. Joey Salceda believes that a bigger crackdown on online lending and investment scams is coming sooner than later, thanks to President Duterte's expected signing of the Financial Consumer Protection (FCP) Act. (Maxim Ilyahov/ Unsplash) “I am told by sources in the Palace...
COL Financial reported that 2021 was another record year for the company with its net income jumping 38 percent to P581 million, from P422 million in 2020, and higher than its pre-pandemic peak of P513 million in 2018. In a disclosure to the Philippine Stock Exchange, the stock brokerage said its...
The PSEi started the month lower after cautious investors quickly sold down stocks after early gains. The main index shed 10.17 points or 0.15 percent to close at 6,721.08 points as Banks led the decline while the Industrial sector was the only one that managed to advance. Volume fell to 795...
Camarines Sur 2nd district Rep. LRay Villafuerte says that the Department of Health (DOH) will properly distribute Covid-19 benefits to healthcare workers (HCWs) under the newly-enacted Republic Act (RA) 11712. Passers-by walk in front of a mural depicting medical frontliners. (Photo by Jansen...
The market is seen to take cues from more first quarter earnings reports although investors remain jittery and may trade with a downward bias. “For next week, the market may still move with a downward bias as it contends with a lot of headwinds both onshore and offshore,” said Philstocks...
The local stock market fell on the last trading day of the month over concern on the detection of the new Omicron variant in the country. The PSEi dove by 178.20 points or 2.58 percent to close at 6,731.25 as the Property counter led the retreat of all sectors. Volume rose yo 840 million shares...
The local stock market bounced after suffering losses in past sessions on the back of some bargain hunting. The main index recovered 45.54 points or 0.66 percent to close at 6,909.45 as the Mining and Oil and Financials counters led the advance of all sectors. Volume declined to 8.5 billion shares...
Local share prices fell on continuing concerns over China’s economy and risks posed by Russia’s invasion of Ukraine. The main index dropped 116.11 points or 1.66 percent to close at 6,863.91 as the Mining and Oil counter led all sectors in the retreat. Volume jumped to 816 million shares worth...
