BACOLOD CITY – Eighteen former New People’s Army (NPA) members received P360,000 in livelihood assistance from the Department of Social Welfare and Development in Guihulngan City, Negros Oriental on Wednesday, September 18. EIGHTEEN former New People’s Army (NPA) rebels each receive P20,000...
The local stock market landed above the 7,200 level after the US Federal Reserve slashed interest rates as expected. The main index added 46.26 points or 0.65 percent to close at 7,202.16 led by the surge in Mining and Bank stocks with only Industrials declining. Volume jumped to 698 million shares...
The local stock market closed lower on late profit-taking on heavyweights as investors continue to wait for word from the US Federal Reserve. The main index dropped 19.46 points or 0.27 percent to end at 7,155.90 with sectoral indices split. Volume dipped to 865 million worth P6.01 billion as...
Aboitiz-led UnionBank of the Philippines has landed among the world's top issuers of digital bonds, according to the ranking of economic think tank Official Monetary and Financial Institutions Forum (OMFIF). In the OMFIF Digital Monetary Institute's Digital Assets 2024 report launched on Sept. 17...
Philippine equities continued to rally as investors bet on a rate cut announcement by the US Federal Reserve. The main index raced up 71.16 points or one percent to close at 7,175.36 as Conglomerates led the charge with only the Services counter lagging behind. Volume was strong at 713 million...
Public funds will serve its purpose under the new roadmap the government has put in place, President Marcos said. In receiving the Public Financial Management (PFM) Reforms Roadmap 2024-2028, Marcos has assured the public through the roadmap, public funds will be used to expand social services,...
The financial industry remains a prime target for cyberattacks, despite the Bangko Sentral ng Pilipinas’ (BSP) new framework to enhance cyber resilience, a global cybersecurity and digital privacy company has warned. Kaspersky, a cybersecurity firm, reported that the finance sector...
The local stock market continued to strengthen and rose to the 7,100 level, boosted by the continued optimism about the local economy as well as by the higher US bourses last Friday. The main index jumped by 81.35 points or 1.16 percent to close at 7,104.20 with Miners and Banks leading the rally...
Stock market investors will be watching out mainly for the US Federal Reserve’s next move this week as well as the local remittance figures to see if the PSEi deserves to continue trading above the 7,000 level. “Last week, the local market was able to close above the crucial 7,000 level....
The local stock market lost the day’s gains to end almost flat as some investors cashed out for the weekend. The main index shed 1.82 points or 0.03 percent to close at 7,022.85 with sectoral indices equally divided. Volume reached 695 million shares worth P5.41 billion as losers outnumbered...
After numerous failed attempts this year, the Philippine Stock Exchange’s benchmark index finally closed above the 7,000 resistance level on expectations of rate cuts and a stronger Philippine economy. The PSEi surged 79.79 points or 1.15 percent to 7,024.67 with the interest rate-sensitive...
The local stock market weakened as investors pocketed gains while wait for the announcement of the US August inflation rate. The main index dropped 39.75 points or 0.57 percent to close at 6,944.88 as the Property sector led the decline while the Services counter managed to hold its ground. Volume...
