Quezon City, with assets of P443.4 billion in 2022, is still the richest city in the Philippines. Cebu province is the wealthiest with assets of P235.7 billion, while Carmona (which became a city in July 2023) in Cavite was the richest municipality in 2022 with assets of P6.5 billion. Makati City...
The allowable revenues of transmission firm National Grid Corporation of the Philippines (NGCP) had been pared by more than half to P183.491Billion, or lower by more than P204 billion from the company’s original claims of P387.803 billion as applied for under its fourth regulatory reset. In a...
The Commission on Audit (COA) has recommended that sanctions, like suspension of salaries, be imposed on erring officials of the Department of Information and Technology (DICT) for delay or non-submission of financial statements for three consecutive years. "The DICT did not submit the year-end...
BINMALEY, Pangasinan (PNA) – The bereaved family of Angelyn Aguirre, the 32-year-old overseas Filipino worker who was killed while protecting her elderly ward during the Hamas attack in Kibbutz Kfar Aza in Israel on October 7, will receive financial assistance from the governments of the...
BACOLOD CITY – The Overseas Workers Welfare Administration (OWWA) has released close to P500,000 in financial assistance to 28 distressed or displaced overseas Filipino Workers (OFWs) here and Negros Occidental last month. DISPLACED OFWs from Bacolod City and Negros Occidental receive P500,000 in...
Nearly P300,000 worth of cash and other assistance will be extended by the government to each of the families of the Filipinos who died due to the ongoing war between Israeli forces and the Hamas militants, the Presidential Communications Office (PCO) said. President Ferdinand ‘Bongbong’ Marcos...
The local stock market is seen to remain cheap and this may continue to spur investors to bargain-hunt although the recent rise in the inflation rate and worries over the country’s economic growth are seen to limit any rallies. “The local market remains at bargain levels with a price to...
President Marcos has tasked the departments of Agriculture and Finance to expedite the release of financial assistance for farmers. President Ferdinand 'Bongbong' Marcos Jr. (Noel Pabalate) Marcos made the call while he was distributing confiscated smuggled rice in Roxas City, Capiz on...
Local share prices plunged after the government reported that consumer prices surged in September. The main index fell 119.60 points or 1.90 percent to close at 6,178.60 as the Property sector led all sub indices in their retreat. A total of 676 million shares worth P5.43 billion changed...
The PSEi managed to eke out a marginal gain after bargain hunters lifted it out of negative territory. The main index inched up by 1.46 points or 0.02 percent to close at 6,305.99 with sectoral indices evenly divided. Volume improved to 856 million shares worth P5.94 billion as losers...
The local stock market dipped as investors take profits ahead of the release of economic data here and in the US. The main index declined by 16.71 points or 0.26 percent to close at 6,304.53 as the Property counter led the retreat while the Industrial and Services sectors advanced. Volume...
Investors in the local stock market will be watching out for the September inflation numbers on Oct. 5 after its strong performance last week. “Despite last week’s rally, the local market remains at attractive levels as its price to earnings ratio as of September 29 is at 13.61 times, below its...
