ILOILO CITY – The Department of Education (DepEd) has released P4.19 million in aid to restore part of a school in Alimodian town, Iloilo province damaged by a fire on June 2. DepEd Undersecretary Atty. Peter Irving C. Corvera led the turnover of a check for the Alimodian National Comprehensive...
The Philippine stock market is expected to continue moving sideways this week after benign inflation failed to spur a rally, although some investors will take cues from data to be released by the Bangko Sentral ng Pilipinas, including foreign direct investment and balance of payment numbers....
Now in its 12th year, the Philippine Financial and Inter-Industry Pride (PFIP) held its annual Pride Summit, “Rising Tide,” on June 4, 2025, at the Shangri-La Hotel in Bonifacio Global City, Taguig City. As in previous iterations, this summit was the PFIP’s way of ushering in Pride Month...
The Philippine Stock Exchange index (PSEi) ended the day almost flat despite the announcement of a low inflation rate for May, as this was already expected and priced in by the market. The main index shed 1.77 points or 0.03 percent to close at 6,376.79, although only Banks declined, while the...
In a humbled demeanor, President Ferdinand Marcos acknowledged that the 5-5-2 Senate results were somewhat of a rebuke to certain government policies and highlighted what people need. Marcos stated, "People are tired of politics," and that the government had been too focused on...
The Philippine Stock Exchange index (PSEi) fell on Wednesday, June 4, as investors opted to secure profits from the past two trading sessions while awaiting clearer signals from upcoming inflation figures. The main index shed 34.3 points (0.53 percent), closing at 6,378.56. The mining sector...
The local stock market rose further as investors continued to bank on expectations of a low inflation rate for May that increases chances for a rate cut. The main index jumped 60.20 points or 0.95 percent to close at 6,412.86 as the interest rate-sensitive Property sector led the advance while...
BY Carlos Cervantes The year 1990 marked the beginning of my banking career in Mindanao, where I was immediately immersed in the world of microfinance as an account officer for a local Thrift Bank. As a thrift institution, our mandate was to extend credit to Micro, Small, and Medium Enterprises...
The local stock market rose as investors cheered the passage of a law that will reduce the stock transaction tax while also betting that the inflation rate would remain low last May. The main index added 11.13 points or 0.18 percent to close at 6,352.66 as the Property sector led the advance,...
After its weak performance last week, the local stock market will now be waiting for the release of the country’s inflation data for cues as to which direction to take. “Next week, the local market is expected to take cues from various economic data. Primarily, investors are expected to watch...
The PSEi dipped again as investors remained cautious and took profits late in the trading day after President Marcos asked heads of government controlled corporations to resign for another top level reshuffling. The main index shed 12.99 points or 0.20 percent to finish at 6,412.81 with Miners...
From what we 've seen, the second Trump administration wouldn 't exactly tiptoe around US interest rate timing. Just recently, US President Donald Trump called US Federal Reserve Chairman Jerome Powell a “fool” for acting “too late” in lowering the central bank’s benchmark rate;...
