The local stock market surged on news that the inflation rate in October did not rise higher than expected. The main index jumped 121.84 points or 1.71 percent to close at 7,257.94 with the Property sector leading the rally. Volume was still weak though at 1.03 billion shares worth P4.97 billion as...
To help areas struck by the Severe Tropical Storm “Kristine”, Lopez-led FP Island Energy Corporation has provided uninterrupted power supply through its microgrid system in Camarines Sur. In a statement, the firm said around 600 residents in a remote island barangay in the town of Caramoan have...
The Philippine Chamber of Commerce and Industry (PCCI) has recognized SM Investments Corporation and BDO Unibank Inc. as among this year’s “Country Movers,” to highlight their significant contributions to national development. Presented during the 50th Philippine Business Conference and Expo...
By Derco Rosal The country's inflation rate rose to 2.3 percent from September’s four-year low of 1.9 percent due to soaring rice prices which jumped following recent calamities including Severe Tropical Storm (STS) Kristine and Super Typhoon Leon. October's inflation pushed the 10-month...
Lucio Co-led Philippine Bank of Communications (PBCom) has raised P7.69 billion from its oversubscribed maiden issuance of Peso Fixed Rate Bonds. The bank said in a disclosure to the Philippine Stock Exchange that the bonds have been listed on the Philippine Dealing & Exchange Corp....
More motorcycles were added to Philippine roads as sales swelled to over 1.2 million units as of end-September this year, the latest Federation of Asian Motorcycle Industries (FAMI) report showed. FAMI's updated database this week showed that the five member-companies of the Motorcycle Development...
Cebu is fast becoming an emerging force in the Philippine cacao industry since its rich soil and warm climate are ideal for the cultivation of the cacao tree whose seeds are used to make chocolate. As the premier province of Central Visayas, Cebu is benefiting from the global and local demand for...
The Philippine Red Cross (PRC) brought aid to families in Albay and Camarines Sur after they were severely affected by Severe Tropical Storm Kristine. (Photo from Philippine Red Cross) Led by its Chairman and Chief Executive Officer (CEO) Richard Gordon and Secretary General Dr. Gwen Pang,...
President Ferdinand Marcos Jr. (left) confers on Philippine Navy (PN) Seaman First Class Underwater Operator Jeffrey Facundo the Order of Lapu-Lapu Rank of Kampilan in a ceremony at the Western Command headquarters, Camp General Artemio Ricarte in Puerto Princesa City, Palawan on June 23, 2024,...
The Philippine Red Cross (PRC) provided medical assistance to 11,429 individuals during its week-long operations for this year’s Undas. (Photo from Philippine Red Cross) In a statement issued on Monday, Nov. 4, the PRC Safety Services Unit reported that 11,017 individuals received free...
The local stock exchange traded sideways as investors wait for the US elections and Federal Reserve meeting. The main index shed 6.86 percent or 0.10 percent to close at 7,136.10 with the Mining counter posting the steepest drop while Conglomerates and Services improved. Volume was low at 588...
Senator Christopher “Bong” Go on Monday, November 4 called on the government to provide comprehensive assistance to all farmers noting the significant damage wrought by recent typhoons “Kristine” and “Leon.” Both typhoons ravaged crops across various regions in the Philippines...
