The local stock market traded sideways as investors remained cautious even though the US inflation rate was within expectations. The main index shed 1.36 points or 0.02 percent to close at 6,641.35 with the Property sector leading decliners while Conglomerates and Services advanced. Volume was up...
The PhilHealth Benefits Development Planning Protocol has been awarded with the “Continuous Improvement Recognition” during the recently concluded 41st ASEAN Social Security Association (ASSA) meetings. The Benefits Development Planning Protocol was acknowledged for its significant...
To combat the rising theft of electricity distribution facilities, the Manila Electric Company (Meralco) has partnered with the Philippine National Police (PNP) to enhance investigations and prosecutions. In a statement, Meralco said the utility firm and the PNP signed a memorandum of understanding...
The Philippine Chamber of Commerce and Industry awarded nine corporations for the “Country Movers Awards” last Oct. 23, 2024 during the 50th Philippine Business Conference and Expo at the Marriott Grand Ballroom, Pasay City. This special award recognized conglomerates that have undertaken...
Spanning five decades of promoting transformative agenda for the country, the Philippine Chamber of Commerce and Industry (PCCI) recently celebrated 50 golden years of the Philippine Business Conference and Expo (PBC&E), the biggest and most-highly anticipated in the country. Over 1,500 local...
The local stock market continues to see-saw, ending lower today as investors wait for the release of US inflation numbers tonight. The main index fell by 82.11 points or 1.22 percent with the retreat led by the Services counter while the Banking sector managed to hold its ground. Volume declined to...
The Philippine Health Insurance Corp. (PhilHealth) will get zero subsidy in the P6.352-trillion 2025 national budget. This was according to Senate Finance Committee Chair Senator Grace Poe, citing that they still have their P600 billion reserve fund. "Nakita natin PhilHealth, yung subsidiya na...
A China Coast Guard ship fires water cannon at a Bureau of Fisheries and Aquatic Resources (BFAR) vessel in Bajo de Masinloc, West Philippine Sea on Dec. 4, 2024. (Courtesy of National Task Force for West Philippine Sea) The Philippine Navy (PN) expressed support for President Marcos Jr.’s...
The Organisation for Economic Co-operation and Development (OECD) sees the potential of around 400 private enterprises to go public—one of the main factors that will develop the local capital market. This is according to an in-depth assessment of the Philippine capital market released by the...
After winding down large Philippine Offshore Gaming Operators (POGO), the government's next crackdown would be on the small-time POGO hubs. POGO hub in Bamban, Tarlac (Photo courtesy of the Presidential Anti-Organized Crime Commission) By January, the government is expecting to run after small POGO...
The Asian Development Bank (ADB) has lowered its inflation forecast for the Philippines due to moderating price pressures, particularly in food and core inflation. In its latest Asian Development Outlook (ADO) report, the Manila-based multilateral institution revised its inflation forecast for the...
The Philippines, the United States and Japan held for the first time a trilateral maritime dialogue in Tokyo, where officials from three countries discussed Tuesday, Dec. 10, ways to address China’s continued aggression in the South China Sea. A China Coast Guard ship fires water cannon at a...
