Local share prices eased for the third straight day due to the higher inflation rate for November. The main index dropped 39.19 points or 0.58 percent to close at 6,690.77 as the Services sector led the retreat while Conglomerates and Miners bucked the trend. Volume was lower at 863 million shares...
Chinese Navy has joined China's Coast Guard in blocking Philippine vessels within the country's waters, National Maritime Council (NMC) Undersecretary Alexander Lopez said. A China Coast Guard ship fires water cannon at a Bureau of Fisheries and Aquatic Resources (BFAR) vessel in Bajo de Masinloc,...
Department of Budget and Management (DBM) Secretary Amenah Pangandaman has approved the creation of 4,000 new positions for the Philippine Coast Guard (PCG) in 2024 to strengthen its core functions. The additional positions—819 officers and 3,181 non-officers—aim to bolster the PCG's core...
The Philippines has filed yet another diplomatic protest against China after its vessel rammed into and fired water cannon at the Philippine vessels within the country’s waters in a move widely condemned by several other nations. Department of Foreign Affairs (DFA) Secretary Enrique Manalo said...
Rising prices of pork and chicken during the holiday season, coupled with the continued impact of African Swine Fever (ASF), drove up the Philippines’ inflation rate in November, the Philippine Statistics Authority (PSA) reported. National Statistician and PSA Undersecretary Claire Dennis S. Mapa...
La Union 1st district Rep. Paolo Ortega V (left), Vice President Sara Duterte (PPAB) Deputy Majority Leader La Union 1st district Rep. Paolo Ortega V has cited the need for authorities to cross-check all of the names listed on the...
The local stock market benchmark ended marginally lower again as investors wait for the release of Philippine inflation numbers for November. The main index inched down by 4.25 points or 0.06 percent to close at 6,729.96 although only Conglomerates and Miners were in the red. Volume rose to 494...
The PSEi dipped as investors continue to wait for cues from the upcoming release of economic data this week. The main index shed 8.68 points or 0.13 points to close at 6,734.21 as Conglomerates led the decline while the Services and Mining counters advanced. A total of 492 million shares worth...
The Russian submarine "Ufa 490" is detected by the Armed Forces of the Philippines (AFP) and escorted by the Philippine Navy 80 nautical miles off Lubang Island in Occidental Mindoro on Nov. 28, 2024. (Photo: AFP) The detection of a Russian attack submarine in Occidental Mindoro last week has...
Manila 3rd district Rep. Joel Chua (left), Vice President Sara Duterte (Facebook) The House Committee on Good Government and Public Accountability has confirmed suspicions about the controversial "Mary Grace Piattos" who was among the signatories of...
Roberto B. Tan Roberto B. Tan, president and chief executive officer of the Philippine Deposit Insurance Corporation (PDIC), was elected to the Executive Council of the International Association of Deposit Insurers (IADI). Tan was elected during IADI's 23rd Annual General Meeting in Tokyo, Japan....
TOP STATE DEPOSIT INSURER — Top-ranked GOCC for corporate governance and performance. The Governance Commission for GOCCs recognized the Philippine Deposit Insurance Corp. (PDIC) as a top-ranked state deposit insurer in the 2023 Corporate Governance Scorecard. This acknowledgment was part of the...
