The Philippine Red Cross (PRC)–Malabon Chapter conducted a Valentine’s Day health caravan that provided free medical services to about 1,500 residents in Barangay Hulong Duhat. The event dubbed “Health is Life,” the caravan was held from 9 a.m. to 3 p.m. in partnership with...
The Department of Education (DepEd) faces delays in delivering textbooks to millions of students due to regional gaps in the Philippines’ publishing industry, prompting experts to call for expanded local publishing. In a statement released on Friday, February 13, the Second Congressional...
The Philippine Stock Exchange index (PSEi) fell on continued profit-taking on Friday, Feb. 13, after the government reported a steep fall in foreign investment pledges. The main index dropped 86.67 points, or 1.34 percent, to close at 6,384.58. Miners led the retreat across the board. Volume...
Ayala-led Bank of the Philippine Islands (BPI) raised ₱50 billion through an offering of social bonds, the lender’s largest-ever peso-denominated issuance as investors swarmed the deal. The final volume for the BPI SIGLA Bonds—an acronym for Supporting Individuals Grow, Lead, and...
Local equities snapped a two-day winning streak on Thursday, Feb. 12, as investors moved to lock in gains from recent rally, tracking the broader retreat in global markets following strong United States (US) labor data. The Philippine Stock Exchange index (PSEi) declined 27.57 points, or 0.42...
Senator Raffy Tulfo asked the Department of Transportation (DOTr) on Thursday, Feb. 12, to study filing murder charges against Aleson Shipping Lines, which owns the sunken MV Trisha Kerstin 3 that killed 51 passengers. "Pag-aralan niyo po kung baka pwedeng murder (Please study whether murder...
Pacific Online Systems Corp., a gaming unit of Belle Corp., is abandoning its foray into online betting and divesting from an e-casino venture following the government crackdown on digital gambling licenses. In two disclosures to the Philippine Stock Exchange Pacific Online said the company will...
The Philippines’ first-ever maritime affairs spokesman has urged the Chinese embassy in Manila to “be constructive in its statements” amid its escalating word war with Filipino officials. Department of Foreign Affairs (DFA) Maritime Affairs spokesman Rogelio Villanueva on Wednesday, Feb. 11,...
Local stocks extended a winning streak to a second session as strengthening peso lured investors back to the equity market, pushing the benchmark index to its highest level in nearly seven months. The Philippine Stock Exchange index (PSEi) advanced 24.22 points, or 0.37 percent, to settle at...
The Department of National Defense (DND) formally received five coastal radar systems from Japan during a handover ceremony at Camp Aguinaldo in Quezon City on Wednesday, Feb. 11. DND Secretary Gilberto Teodoro Jr. said the systems are expected to enhance the Philippine Navy’s (PN) coastal...
The Philippine Navy (PN) on Wednesday announced that its Northern Luzon Naval Command (NLNC), through landing craft BRP Waray (LC-288), delivered some 80 tons of building materials and other items needed for construction and other development projects in Calayan Island, Cagayan. In a statement, the...
The antitrust watchdog Philippine Competition Commission (PCC) has greenlighted the joint venture (JV) between the Yuchengco and Aboitiz families to develop a 184-hectare (ha) industrial park in Tarlac province as an expansion of Lima Land Inc.’s TARI Estate. With PCC clearance, Yuchengco...
