The PSEi is now at the 6,500 level as share prices plummeted as a result of foreign funds continuing to leave the local market. The main index dove by 157.24 points or 2.34 percent to close at 6,557.09 with the Mining and Property sectors leading the retreat across the board. Volume rose to 674...
Police forces have started implementing preemptive evacuation in coastal communities and other areas prone to landslides and flash flood amid serious threat from super typhoon “Ofel” which is expected to make a landfall near Cagayan Valley region on Thursday, Nov. 14. PNP spokesperson Brig....
The Philippine National Police (PNP) will provide assistance if a warrant of arrest is issued against former president Rodrigo Duterte in connection with the cases he is facing before the International Criminal Court (ICC). This, after Duterte, during a Quad-Committee hearing of the House of...
The Philippines posted a surge in foreign investment in the third quarter of 2024, reflecting growing confidence in the country's manufacturing sector and overall economic prospects. The Philippine Statistics Authority (PSA) reported that the total approved foreign investments (FI) reached P146.75...
President Marcos believes that nothing has changed between the Philippines and China as both countries insist on their rights over portions of the West Philippine Sea. President Ferdinand 'Bongbong' Marcos Jr. (Malacañang photo) Marcos said this as China rejected the newly signed laws on the...
The Philippine Chamber of Commerce and Industry (PCCI) has lauded the signing of the Corporate Recovery and Tax Incentives for Enterprises-Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act, saying it will boost investment and simplify tax administration. In a statement,...
Senator Risa Hontiveros on Thursday, November 14 cautioned that the passage into law of the proposed Philippine Natural Gas Industry Development Act may replicate policy mistakes that happened in the past especially in the energy sector. Sen. Risa Hontiveros explains why she voted no to...
Not even the impending change in administration in the United States can stop American businessmen from expanding their presence in the Philippines amid rosier economic prospects here. "Across the Philippine economy, US companies have helped grow key sectors such as the digital economy,...
The country's gaming industry revenue surged by 37.5 percent in the third quarter of the year to P94.61 billion, driven by the robust growth of the electronic gaming sector, the Philippine Amusement and Gaming Corp. (Pagcor) said. In a statement on Thursday, Nov. 14, Pagcor Chairman and CEO...
Forecast track and intensity of Tropical Storm Man-yi (Courtesy of PAGASA) The tropical storm with an international name “Man-yi” has slightly intensified while moving toward the Philippine area of responsibility (PAR) on Wednesday evening, Nov. 13, said the Philippine Atmospheric, Geophysical...
The Securities and Exchange Commission (SEC) has ordered the Capital Markets Integrity Corporation (CMIC) to take over the operations of stock brokerage Equitiworld Securities Inc. (EQWORLD) to secure the accounts of its customers. In a statement, the SEC said it issued the takeover order on Nov....
DAVAO CITY – The Philippine Eagle Foundation announced on Tuesday night, Nov. 12, that a new eagle chick hatched at the newly established National Bird Breeding Sanctuary in Barangay Eden, Toril District, this city, on Monday, Nov. 11. PHILIPPINE Eagle Chick No. 30. (PEF) Tagged as Chick...
