By DERCO ROSAL The offshore gaming ban, while controversial, has not led to the anticipated job losses. Despite concerns about the economic consequences, analysis shows that the industry's contribution to employment was relatively small. According to the Bank of the Philippine Islands (BPI), the...
The PSEi fell, weighed down by losses in the US amid economic uncertainties and rising Treasury yields. The main index dropped 83.87 points or 1.14 percent to close at 7,283.79 with Banks leading the retreat. Volume slipped to 776 million shares worth P3.8 billion as losers swept gainers 139 to 53...
DoubleDragon Corporation’s planned bond offering of up to P10 billion has been assigned the highest issue credit rating of PRS Aaa, with a stable outlook, by Philippine Rating Services Corporation (PhilRatings). The firm is planning a P5 billion bond issuance with an oversubscription option of up...
The Philippine Red Cross (PRC) on Wednesday, Oct. 23, announced that it is dispatching a comprehensive humanitarian caravan to the provinces most affected by Severe Tropical Storm Kristine. (PH Red Cross / Manila Bulletin) “The impact of this typhoon took us by surprise,” PRC Chairman and...
Department of Education (DepEd) Secretary Sonny Angara on Wednesday, Oct. 23, highlighted the critical role of teachers, noting that they are not only educators but also catalysts for sustainable economic growth. DepEd Secretary Sonny Angara (Photo from DepEd) “We often hear the phrase,...
The local stock market dropped with Wall Street and as investors worry over the impact of the typhoon. The PSEi lost 45.5 points or 0.61 percent to close at 7,367.66 as the Services sector led the retreat while Miners and Conglomerates advanced. Volume declined to 1.2 billion shares worth...
The Philippine Stock Exchange (PSE) is planning to launch two new product offerings in the next two years, the Global Philippine Depository Receipts (GPDRs) and derivatives such as index futures. PSE President Ramon S. Monzon said GPDRs are peso-denominated instruments that represent an economic...
Gen. Rommel Francisco Marbil, chief of the Philippine National Police (PNP), placed all police units in areas along the path of tropical storm “Kristine” on alert to ensure maximum assistance to those who would be affected. Police forces are usually being tapped for disaster response across the...
Pangilinan-led conglomerate Metro Pacific Investments Corporation (MPIC) is selling its 50 percent stake in Philippine Coastal Storage & Pipeline Corporation (PCSPC) for about $255 million (P14.55 billion). In a statement, MPIC said it has entered into a definitive agreement to sell its stake...
Flag carrier Philippine Airlines (PAL) and The New Terminal One at New York John F. Kennedy International Airport have announced a partnership for the airline to operate out of the new world-class terminal. In a statement, PAL said this will transform the experience for PAL customers traveling...
By DERCO ROSAL The Bank of the Philippine Islands (BPI) expects the economy to continue outperforming its peers from the Asia-Pacific region, driven by anticipated strong consumer consumption, increased food supply, and stable global commodity prices. “Inflation is expected to be more manageable...
The local stock market continues to move sideways as investors wait for third quarter earnings reports. The main index eked out a gain of 6.53 points or 0.09 percent to close at 7,413.16 as Services and Industrials advanced, but more sectors were in the red. Volume improved to 916 million shares...
