The local stock market closed the week higher as investor sentiment remains upbeat amid expectations of a rate cut following the decline in the US inflation rate. The Philippine Stock Exchange index added 38.99 points, or 0.59 percent, to end at 6,648.23. The Services sector led the advance, while...
After its successful launch held recently in Taiwan, “Go Green with Taiwan,” a global initiative organized by the Taiwan International Trade Administration, Ministry of Economic Affairs, and Taiwan Trade Center Manila, was launched in the Philippines to encourage Filipinos to submit innovative...
By MYRNA VELASCO The grinding task of ensuring ‘fair and transparent’ trading outcomes in the electricity reserve market has been tossed as a responsibility of the Philippine Electricity Market Corporation (PEMC), which is also the governance body of the Wholesale Electricity Spot...
Senator Ronald "Bato" Dela Rosa lamented President Marcos' decision to veto the proposed Philippine National Police (PNP) reform bill, something he "passionately shepherded" by highlighting its urgency. (Senate PRIB/MB file photo) The former PNP chief said that Senate Bill 2249 and House Bill 8327...
BY MYRNA VELASCO The ongoing geothermal exploration and development activities of the Sy-led Philippine Geothermal Production Company, Inc. (PGPC) will beef up the country’s baseload power capacity by up to 400 megawatts (MW), once the steam output would already be fed into offtaker-generating...
On the 8th anniversary of the 2016 arbitral award on South China Sea, the United States said it remains "deeply concerned" about China's assertion over other countries' maritime jurisdiction. United States Secretary of State Antony Blinken (AFP) It called China anew to stop its dangerous acts in...
The Philippines said it has continued to uphold peace amid the "unlawful actions" causing serious incidents in the South China Sea eight years after the awarding of the arbitral award on the disputed waters in 2016. In a statement on the 8th anniversary of the 2016 arbitral award that favored the...
Pauleen Canada, one of the five co-accused of embattled Kingdom of Jesus Christ (KOJC) church leader Pastor Apollo Quiboloy, is presented by the Philippine National Police (PNP) at Camp Crame in Quezon City on July 12, 2024. She was arrested in Davao City on July 11. Interior Sec. Benhur Abalos...
After careful consideration, President Marcos has vetoed the proposed Philippine National Police (PNP) reform bill to ensure that changes in the police force are fair, clear, and truly beneficial to everyone involved, Executive Secretary Lucas Bersamin said on Thursday, July 11. File photo In a...
In line with the National Disaster Resilience Month, the Philippine Red Cross (PRC) provided a list of essential items to place in a "Go Bag" to ensure survival during emergency situations. Photo from Pixabay In the first episode of the "Disaster Wais Series," the PRC-Management Services (PRC-DMS)...
Local share prices jumped back after the previous day’s contraction as investors continued to bet on a rate cut. The main index surged 119.89 points or 1.85 percent to close at 6,609.24 with Conglomerates leading the rally. Volume rose to 427 million shares worth P6.80 billion as gainers beat...
State-owned Philippine Guarantee Corporation (PhilGuarantee) extended loan guarantees totaling P236.98 billion to support small businesses last year, the Department of Finance (DOF) said. In a statement, Finance Secretary Ralph G. Recto, who also serves as the chairperson of PhilGuarantee,...
