ILOILO CITY – The Philippine Statistics Authority said this city had the fastest growing economy in Western Visayas region last year. BUILDINGS at Iloilo Business Park in Iloilo City. (Tara Yap) The Gross Domestic Product (GDP) of Iloilo City for 2023 was valued at...
Share prices plunged again as the market remains volatile, this time as investors worry about the plan of incoming US President Donald Trump to slap fresh tariffs on imports. The main index fell 104.27 points or 1.53 percent to close at 6,702.59 with Conglomerates suffering the biggest loss. Volume...
NLEX Corporation, a subsidiary of Metro Pacific Tollways Corporation, has retained its highest Issue Credit Rating of PRS Aaa with a Stable Outlook from the Philippine Rating Services Corporation (PhilRatings) for its outstanding fixed-rate bonds worth P6.0 billion. Obligations rated PRS Aaa are of...
Renewable power firm Alternergy Holdings Corporation announced that it will lease land from the Philippine National Railways (PNR) for the switching station of its Alabat Wind Power Project. In a disclosure to the Philippine Stock Exchange (PSE) on Tuesday, Nov. 26, Alternergy stated that its...
The PSEi declined as investors exercised caution while waiting for developments in the US. The main index dropped 43.14 points or 0.63 percent to close at 6,806.86 as the Services sector led the retreat with only Banks managing to advance. Volume fell to 588 million shares worth P4.6 billion as...
The Philippine Statistics Authority (PSA) has asked the Office of the Solicitor General (OSG) to move for the cancellation of over 1,500 registered birth certificates that were suspected to be fraudulently acquired by foreigners. Solicitor General Menardo I. Guevarra on Tuesday, Nov. 26, confirmed...
Legazpi Savings Bank (LSB), a wholly-owned subsidiary of the Bank of the Philippine Islands (BPI), is expanding its reach outside the Bicol region by more than doubling the number of its branches so it can serve more public school teachers nationwide. In a media briefing, LSB President Jerome B....
The local stock market recovered some lost ground as investors wait for fresh US and Philippine economic data to be released later this week. The main index added 69.87 points or 1.03 percent to close at 6,850 as the Services sector led all sub-indices higher. Volume rose to 701 million shares...
“The secret of getting ahead is getting started” – Mark Twain. With rising living costs, saving is tough for many Filipinos, especially minimum wage earners. Waiting for a higher income to save makes it harder to develop the habit. While income affects saving, low income shouldn't hinder...
A government that is friendly to public-private partnerships (PPPs) like the current Marcos Jr. administration is helping big-ticket infrastructure projects take advantage of tycoons' deep pockets, according to the World Bank. In a Nov. 13 blog, World Bank advisor on infrastructure and climate...
The local stock market remains bearish as its rally last week was seen as just a dead cat bounce, not based on a change in sentiment. “Inflationary pressure and geopolitical risks are starting to permeate global markets more deeply; central banks are becoming less aggressive on previously...
Philippine National Bank (PNB) is aiming to more than double its retail loan portfolio over the next three years, capitalizing on its strong capital ratios. During the Philippine Stock Exchange's investor day, PNB Chief Finance Officer Francis Albalate stated that these high capital ratios place...
