The Philippine Stock Exchange (PSE) is planning to launch two new product offerings in the next two years, the Global Philippine Depository Receipts (GPDRs) and derivatives such as index futures. PSE President Ramon S. Monzon said GPDRs are peso-denominated instruments that represent an economic...
Gen. Rommel Francisco Marbil, chief of the Philippine National Police (PNP), placed all police units in areas along the path of tropical storm “Kristine” on alert to ensure maximum assistance to those who would be affected. Police forces are usually being tapped for disaster response across the...
Pangilinan-led conglomerate Metro Pacific Investments Corporation (MPIC) is selling its 50 percent stake in Philippine Coastal Storage & Pipeline Corporation (PCSPC) for about $255 million (P14.55 billion). In a statement, MPIC said it has entered into a definitive agreement to sell its stake...
Flag carrier Philippine Airlines (PAL) and The New Terminal One at New York John F. Kennedy International Airport have announced a partnership for the airline to operate out of the new world-class terminal. In a statement, PAL said this will transform the experience for PAL customers traveling...
By DERCO ROSAL The Bank of the Philippine Islands (BPI) expects the economy to continue outperforming its peers from the Asia-Pacific region, driven by anticipated strong consumer consumption, increased food supply, and stable global commodity prices. “Inflation is expected to be more manageable...
The local stock market continues to move sideways as investors wait for third quarter earnings reports. The main index eked out a gain of 6.53 points or 0.09 percent to close at 7,413.16 as Services and Industrials advanced, but more sectors were in the red. Volume improved to 916 million shares...
Recognizing the "changing climate" in the mission of the Philippine Coast Guard (PCG), especially in the West Philippine Sea, President Marcos told them that they are not alone in carrying the weight of their operations. President Ferdinand 'Bongbong' Marcos Jr. graces the 123rd founding...
AirAsia Philippines and Philippine Airlines (PAL) are gearing up for the expected surge in passengers on their flights during the All Souls' Day break next week. In a statement on Tuesday, Oct. 22, AirAsia said it expects some 75,000 passengers to fly with AirAsia during the holiday, while PAL...
BRP Davao del Sur (center) and BRP Gregorio del Pilar (back) hold a maritime cooperative activity with Australia's HMAS Toowoomba in the West Philippine Sea on Nov. 25, 2023. (Photo by Australian Defence Force) The Armed Forces of the Philippines (AFP) has stopped the weekly publication of the...
By DERCO ROSAL Construction activity in the country declined in August due to reduction in residential and commercial building projects, data from the Philippine Statistics Authority (PSA) showed. The PSA reported that the number of constructions based on approved building permits fell by 7.5...
Speaker Martin Romualdez’s Prime Media Holdings Inc. is issuing new shares worth P561 million mainly to fund the expansion of Philippine CollectiveMedia Corporation (PCMC) which holds the group’s broadcasting franchise. In a disclosure to the Philippine Stock Exchange (PSE), Prime Media said...
Tinapang Salinas Festival street dance competition held on Oct. 18 (Photo from the Municipality of Rosario, Cavite/MANILA BULLETIN) CAVITE – The local government unit of Rosario marked the town’s 18th Tinapang Salinas Festival on Oct. 18 and 19. One of the highlights of the celebration...
