The local stock market plunged with other regional bourses on growing fears of a US recession. The main index fell 170.57 points or 2.58 percent to 6,434.73 with the Industrial and Property sectors leading the retreat across the board. Volume rose to 638 million shares worth P5.64 billion as losers...
The Philippine Stock Exchange (PSE) announced that there will be no recomposition of the benchmark PSE index (PSEi), the PSE Dividend Yield (PSE DivY) index and the Holdings Firms index, based on the results of the regular review of the bourse’s indices. However all changes to the PSE indices...
DAVAO CITY – Philippine Eagle “Uswag” died after the raptor crashed and drowned in the coast of Baybay City in Leyte on July 30, just a month after its release in the forests of the province. The Philippine Eagle Foundation said in an incident report on Monday, August 5, that Uswag,...
Former Senate President Juan Miguel “Migz” Zubiri is seeking a tourism master plan from the national government and specific amendments to the Electric Power Industry Reform Act (EPIRA) in a bid to address the power woes in the country’s “crown jewels” of tourism. Senator Juan Miguel...
The Philippine Chamber of Commerce and Industries (PCCI) has voiced its support for Energy Secretary Mr. Raphael P.M. Lotilla amid the recent graft complaint filed against him by certain progressive groups. In a statement on Monday, Aug. 5, the business group dismissed the graft charges...
Senate Majority Leader Francis Tolentino has formally resigned from Partido Demokratiko Pilipino (PDP) and will pursue a path as an "independent legislator" effective immediately. Senate Majority Leader Francis Tolentino (Senate PRIB photo) In a letter addressed to Senator Robin Padilla, the...
Philippine Savings Bank (PSBank) posted an 18 percent growth in net income to P2.56 billion in the first half of 2024 from the P2.17 billion earned in the same period last year, resulting in an annualized return on equity of 12.5 percent. In a disclosure to the Philippine Stock Exchange...
VITRO Inc., the data center of the PLDT Group, reported that telecommunications firm Philippine Global Communications Inc. (Philcom) expanding its network in VITRO Clark (VCK) and Vitro Sta. Rosa (VSR) to deliver top-notch, reliable connectivity solutions to enterprises. PLDT said in a statement...
Local stocks are seen to be ripe for bargain hunting during the first week of the Chinese Ghost Month, but investor sentiment will be swayed mainly by a slew of important economic data and corporate earnings reports. “The local market is still deemed to be undervalued and, with the two-week...
The Takanami-class destroyer JS Sazanami (DD 113) of the Japan Maritime Self-Defense Force (JMSDF) and the multi-role guided missile frigate BRP Jose Rizal (FF-150) of the Philippine Navy (PN) hold a bilateral maritime cooperative activity in the West Philippine Sea (WPS) on Aug. 2, 2024. (Photo:...
It is horrifying that a Chinese national succeeded in winning in the country’s elections and assume a local government seat, Senate Deputy Minority Leader Risa Hontiveros said. Hontiveros made this assessment following the Commission on Elections’ (Comelec) discovery that the...
President Marcos' administration needs journalists to help the people in distinguishing the truth and facts from "blatant lies" in the age of fake news and artificial intelligence. President Ferdinand 'Bongbong' Marcos Jr. (Noel B. Pabalate) President Marcos told journalists that now more than...
