The Department of the Interior and Local Government (DILG) will wait for the final report of the Quad-Committee of the House of Representatives before taking any action in relation to the allegation of the existence of a reward system in the Philippine National Police (PNP) of the past...
The PSEi inched up on some bargain-hunting after last week’s correction and as investors wait for market moving news to be released later this week. The main index added 16.09 points or 0.22 percent to close at 7,326.41 as Miners led the advance with only the Services counter in the red. Volume...
Lucio Co-led Philippine Bank of Communications (PBCOM) has launched its maiden peso bond (Series A bonds) public offering with an initial size of P2 billion with an option to upsize. In a disclosure to the Philippine Stock Exchange, the bank said its Series A Bonds, to be issued under PBCOM’s P15...
Moody’s Analytics expects that this year’s dismal foreign trade performance will rebound next year, aligning with government expectations. “The trade performance this year has been underwhelming, but we see opportunities for a pickup in 2025,” Moody’s Analytics said. In August, the...
Major Floren Herrera (Photo courtesy of US Military Academy via Instagram) A Philippine Army (PA) officer who led a daring ambush against terrorist forces during the Marawi siege in 2017 was awarded the 2024 Alexander R. Nininger Award for Valor at Arms by the United States Military Academy or West...
Cagayan de Oro City 2nd district Rep. Rufus Rodriguez (Facebook) A ranking congressman has criticized Russia for helping China block a draft statement by Southeast Asian Nations expressing concern on territorial disputes in the South China...
The Philippine Iron and Steel Institute (PISI) has raised concerns over the prevalence of substandard rebars in Mindanao and Northern Luzon. Following a series of random test purchases, PISI reported the discovery of inferior rebars in both regions, highlighting the need to intensify...
The total ban on the Philippine Offshore Gaming Operations (POGO) contributed to a significant decrease in the demand for office spaces in the third quarter of the year, property brokerage firm Leechiu Property Consultants (LPC) said. In a statement, LPC said office take-up from July to September...
As interest rates drop and investors take a closer look at "risky" long-term assets, the wealth management arm of Ayala-led Bank of the Philippine Islands (BPI) anticipates more client investments to achieve 20-percent assets under management (AUM) growth for 2024. BPI Wealth president and chief...
Local stocks will be taking cues from the central bank’s policy meeting but the start of the week may see some bargain-hunting after the market pulled back last week following a rally that lasted five straight weeks. “Trading has toned down as seen in the thinning value turnover and foreigners...
SFA Semicon Philippines Corporation (SSP) has asked the Philippine Stock Exchange (PSE) to suspend the trading of its shares from 9:00 am on Oct. 14 to 9:00 am of Oct. 15, 2024 to give the investing public time to absorb information related to the approval of its planned delisting. The firm...
The Philippine Stock Exchange (PSE) will hold this year’s edition of the Road to IPO on Oct. 22, 2024 for companies planning to raise capital through the equities market. In a statement, the PSE said the event will feature presentations and discussions on what going public entails. The PSE is...
