The PSEi declined on mixed trading as investors waited for the release of economic data due this week. The main index shed 23.16 points or 0.36 percent to close at 6,389.94 with sectoral indices equally divided. Volume was low at 486 million shares worth P4.74 billion as gainers outnumbered losers...
The Philippine Coast Guard (PCG) expressed confidence on Monday, May 26, that the civilian convoy of the civic-society group Atin Ito Coalition will not be subjected to water cannon harassment by Chinese vessels in the West Philippine Sea (WPS). Despite its notoriety for firing water cannon at...
The courtesy resignation of Department of National Defense (DND) Secretary Gilberto Teodoro Jr. will not affect the operations of the Armed Forces of the Philippines (AFP), a ranking military official disclosed. The AFP is a professional organization that will continue to fulfill its mandate to...
Stock investors are expected to take cues from the release of a slew of data this week, which includes the Philippines’ budget and trade balance numbers as well as US gross domestic product and jobless claims. Rizal Commercial Banking Corporation Chief Economist Michael L. Ricafort said upcoming...
A multi-national task force composed of service members from countries belonging to the North Atlantic Treaty Organization (NATO) is sailing to the Indo-Pacific region soon in response to China’s growing aggression, according to a ranking Philippine Navy (PN) officer. The task force includes an...
The civil society coalition “Atin Ito” is all set for its third civilian mission to the West Philippine Sea (WPS) beginning Monday, May 26, which is expected to last until May 30 and will feature yet another unprecedented initiative – a sea concert to promote peace, unity, and solidarity in...
Citing his decisive leadership and dedication to improving the country’s education system in a short span of time, the Catholic Educational Association of the Philippines (CEAP) on Saturday, May 24, called on President Marcos to reinstate former senator Sonny Angara as Secretary of the Department...
The PSEi rose on the last trading day of the week as uncertainties eased after President Marcos chose to keep his economic team intact after asking his cabinet secretaries to tender their courtesy resignations. The main index jumped 107.73 points or 1.71 percent to close at 6,413.10 as Banks led...
Oasis Management Company Ltd, a Hong Kong-based “activist” investment fund, reported that it has so far acquired a 5.76 percent stake in Lucio Tan-led and Philippine Airlines owner PAL Holdings Inc. In a disclosure to the Philippine Stock Exchange, Oasis Management said it bought the shares...
Philippine Seven Corp. (PSC), the local licensee of 7-Eleven convenience stores in the country, is aiming to significantly expand its presence in Visayas and Mindanao this year to tap into the strong consumer demand in both regions. PSC President and Chief Executive Officer (CEO) Jose Victor...
An industry-led advocacy group on Friday, May 23, expressed strong support for the current leadership of the country’s education agencies—calling on President Marcos to reappoint key officials amid his call for Cabinet secretaries to submit courtesy resignations. PBEd backs Angara, Benitez amid...
The Philippines has expressed grave concern over the recent "aggressive actions and unlawful interference" of China Coast Guard against Philippine civilian public vessels in the West Philippine Sea. In a statement, the National Maritime Council (NMC) said it was "deeply regrettable" that the...
