The local stock market fell to a 14-month low as investors turned cautious and sold off shares ahead of the Chinese New Year holiday. The main index dropped 43.41 points, or 0.70 percent, to close at 6,153.47. The services sector plunged, while the banks and industrials sectors managed to gain....
Global Dominion Financing Inc. (GDFI), a member of the Asialink Group, has been assigned an Issuer Credit Rating of PRS A plus (corp.), with a stable outlook, by the Philippine Rating Services Corporation (PhilRatings). In a statement, PhilRatings said a company rated PRS A has an above average...
The Securities and Exchange Commission (SEC) reported that there are currently 16 micro-, small, and medium enterprises (MSMEs) that are interested in an initial public offering (IPO) while 358 firms are potential crowdfunding issuers. During the SEC Roadshow on Capital Formation for MSMEs and...
The Philippine Retailers Association (PRA) is welcoming the plan of the Department of Agriculture (DA) to have groceries and convenience stores sell affordable rice, ranging from P29 to P45. PRA President Roberto Claudio gave this affirmation on the sidelines of the 2025 CEO Awards in Bonifacio...
With 19 affirmative votes, the Senate approved the measure seeking to grant Philippine citizenship to Chinese national Li Duan Wang. Senate Deputy Minority Leader Risa Hontiveros opposes the bill granting Philippine citizenship to Li Duan Wang. During Monday’s plenary session, January 27,...
Senate President Pro Tempore Jinggoy Ejercito Estrada on Monday, January 27 slammed China’s use of a deafening sonic device against the Philippine Coast Guard (PCG) vessels saying it signifies its intention to intensify its “aggressive tactics” against the country. “China’s...
Philippine Coast Guard personnel collect oil that spilled into the San Isidro River from a warehouse razed by fire in San Pedro, Laguna on Jan. 27, 2025. (Photo: PCG) The Philippine Coast Guard (PCG) said on Monday, Jan. 27, that it responded to an oil spill caused by a fire that razed several...
Flag carrier Philippine Airlines (PAL) announced that it will be operating thrice weekly nonstop flights to Beijing Capital International Airport beginning March 30, 2025. With this, PAL said it will now have the widest network of flights from the Philippines to four cities in Mainland China. In...
The Philippine Stock Exchange (PSE) index continued its decline as investors awaited the results of the US Federal Reserve meeting and the release of Philippine economic growth figures. The main index plunged 99.32 points, or 1.58 percent, to close at 6,196.88, with the Industrial sector leading...
In line with its efforts to enhance and improve the delivery of basic education infrastructure, digitalization, and overall accessibility under the Marcos administration, the Department of Education (DepEd) announced on Monday, Jan. 27, that it plans to localize its Adopt-A-School Program to better...
Philippine Dealing & Exchange Corporation (PDEx) is targeting listing P600 billion worth of fixed income securities this year, 50 percent more than last year’s target and 67 percent higher than the P360 billion realized in 2024. In an interview at the sidelines of the Financial Executives...
Gloria Romero, one of Philippine cinema's brightest icons, was "a great lady with the dignity of a true star," President Marcos said. Gloria Romero In a statement on Monday, Jan. 27, Marcos paid tribute to Romero who passed away on Saturday, Jan. 25 at the age of 91. 'I was deeply saddened to hear...
