The Philippine Competition Commission (PCC) has cleared the proposed joint venture between the subsidiaries of Mitsui & Co., Ltd. (Mitsui) for its business process outsourcing unit and KDDI Corporation (KDDI), an ICT solutions provider. In a statement released Monday, April 29, the PCC said...
D&L Industries Inc., the country’s top specialty food ingredients and oleochemicals producer, has maintained its highest Issue Credit Rating of PRS Aaa, with a Stable Outlook, for its outstanding Fixed Rate Bonds amounting to P5.0 billion. Philippine Rating Services Corporation (PhilRatings)...
The local stock market surged on the back of window dressing and the further easing of tension in the Middle East. The main index jumped 140.89 points or 2.13 percent to close at 6,769.64 led by the strength of Banks although Miners retreated. Volume rose to 603 million shares worth P5.32 billion...
Police arrested on Monday, April 29, the alleged gunman in the killing of broadcaster Juan T. Jumalon who was shot dead in the middle of his program in Misamis Occidental in November last year. Nabbed was Julito Mangumpit, alias Ricky, who was collared at around 3 a.m. in Dipolog City, Zamboanga...
CALAPAN CITY, Oriental Mindoro – The Philippine Statistics Authority (PSA) reported that the Mimaropa region (Oriental Mindoro, Occidental Mindoro, Marinduque, Romblon, and Palawan) registered a 4.7 percent growth and its economy was valued at P411.4 billion in 2023. LENI Rioflorido (third from...
TOKYO — Asian shares were trading higher Monday amid optimism over the rally that ended the week on Wall Street, although eyes were on the Federal Reserve policy meeting set for later this week. Sydney's S&P/ASX 200 added 0.6% in early trading to 7,621.40. South Korea's Kospi surged...
Filipino firm NexGen Energy Corp., a subsidiary of Tiu-led Pure Energy Holdings Corp. (PEHC) is planning to pursue initial public offering (IPO) to partly raise project funding for its targeted 2,350-megawatt renewable energy (RE) development pipeline. According to the company, its blueprinted...
The local stock market is seen to focus on inflation and its impact on the US and domestic interest rates while also taking note of first quarter earnings reports. “This week, macroeconomic concerns are still expected to be present, primarily with respect to the Philippines’ inflation and...
House Speaker Martin Romualdez (Speaker’s office) Did you know that House Speaker Martin Romualdez is a product of Ivy League school Cornell University in New York in the United States (US)? On Saturday, April 27, Romualdez, leader of the...
San Miguel Beer shrugged off a tough stand from a Robert Bolick-less NLEX, 120-103 , to assure itself of the top seed at the end of the eliminations in the 2024 PBA Philippine Cup at the PhilSports Arena on Sunday, April 28. June Mar Fajardo returns to his double-double ways for SMB (PBA Images)...
A possible source of the deepfake audio of President Marcos has already been identified, the Philippine National Police (PNP) said. President Ferdinand 'Bongbong' Marcos Jr. (Photo from the Presidential Communications Office) In a news forum on Saturday, April 27, PNP spokesperson...
With the help of the United States, the Armed Forces of the Philippines’ (AFP) defense readiness posture will be at the optimal level by the end of President Marcos’ term, Philippine Ambassador to Washington Jose Manuel Romualdez said on Sunday, April 28. Philippine Ambassador to...
