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...
Zobel-led Bank of the Philippine Islands has decided to end the offering of the BPI Supporting Inclusion, Nature, and Growth Bonds due 2026 (BPI SINAG Bonds) because of “strong and substantial demand.” In a disclosure to the Philippine Stock Exchange, the bank said its 1.5-year Peso-denominated...
The Philippine Stock Exchange, Inc. (PSE) is enhancing its trading infrastructure with the signing of a new agreement with Nasdaq, which will significantly expand its technology partnership through an upgrade to Nasdaq 's most advanced platform, Nasdaq Eqlipse Trading. Nasdaq Eqlipse...
The much-vaunted initial public offering (IPO) of GCASH, the leading mobile wallet service, may be pushed back despite the improved market sentiment following the successful and peaceful mid-term election. Yes, Virginia, market sentiment has shifted from the subdued conditions at the start of the...
The Philippine Stock Exchange Index (PSEi) resumed its downward trek after a day’s pause as investors cashed out while waiting to see how the President will reconstitute his cabinet. The main index dropped 69.98 points or 1.10 percent to close at 6,305.37 with only the Mining sector managing...
Following orders from President Marcos, Department of Education (DepEd) Secretary Sonny Angara officially resigned from his post on Thursday, May 22. "Today, I submitted my courtesy resignation as Secretary of the Department of Education, effective immediately," Angara said in a statement. "This...
The Philippine Rural Electric Cooperatives Association, Inc. (PHILRECA) has expressed its support for the proposal to eliminate the multiple value-added tax (VAT) on electricity, which is expected to result in lower power rates for consumers. In a statement on Thursday, May 22, PHILRECA said the...
President Marcos ' directive for Cabinet resignations has sparked a mix of hope and apprehension in the local financial market, as some view it as a necessary step toward improved governance and economic performance, while others are concerned about potential market volatility during the...
Senator Loren Legarda recently honored the deep cultural ties between the Philippines and Germany at the International Media Visit of the German media delegation visiting the country where she recounted the ambitious dream of having the Philippines take center stage at the Frankfurt Book Fair—the...
The Philippine Economic Zone Authority (PEZA) is looking to obtain the global eco-industrial park (EIP) certification, signaling the agency’s intention to position the country as an attractive investment destination for green companies. In a social media post, PEZA Director General Tereso Panga...
The local equities market finally bounced after a five-day correction as investors began to pick up cheaper stocks. The main index added 40.02 points or 0.63 points to close at 6,375.35 led by the jump in the Mining sector on the back of higher gold prices. Volume was relatively stable at 712...
