The number of initial public offerings is expected to surge next year as the expected decline in interest rates increases the attractiveness of equities versus fixed-income securities. In an interview at the sidelines of the EJAP-AboitizPower Renewable Energy Forum, BDO Capital and Investment...
The Philippine Chamber of Commerce and Industry (PCCI) said that the imposition of value-added tax (VAT) on non-resident digital service providers creates a fairer competitive landscape for local businesses. In a statement, Enunina Mangio, PCCI president, said the recent signing of the VAT on...
As inflation slid to its lowest level in four years, the Philippines' chief economist is looking forward to more Filipinos lifted out of poverty. "With inflation dropping from its high levels last year and early this year, together with the continuing robust labor market, we expect poverty to...
The PSEi saw its gains peter out in late trades as investors exercise caution amid growing tensions in the Middle East. The main index shed 13.89 points or 0.19 percent to close at 7,388.92 with sectoral indices equally split. Volume rose to 1.01 billion shares worth P7.38 billion as gainers beat...
Ayala-led Bank of the Philippine Islands (BPI) has secured financial backing from the US government's private-sector lending arm to increase lending to small businesses. In an Oct. 2 statement, the US International Development Finance Corp. (DFC) said its board of directors approved a $75 million...
The local stock market improved as investor sentiment continues to be buoyed by expectations of lower inflation and more rate cuts. The main index added 22.49 points or 0.30 percent to close at 7,402.81 with the Mining sector leading the advance although the Industrial and Property counters were in...
Albay 2nd district Rep. Joey Salceda (Rep. Salceda's office) Albay 2nd district Rep. Joey Salceda underscored on Wednesday, Oct. 2 that the Philippine creatives sector--which covers artists, artisans, producers--were "the biggest winners" in...
Petty Officer First Class (PO1) Carlos Yulo From making otherworldly routines on the gymnastics mat, two-time Olympic gold medalist Carlos Edriel Yulo is taking his talents to the open seas as he expressed commitment to serve the country beyond sports. This, as the 24-year-old artistic gymnast has...
Senate President Francis “Chiz” Escudero said the Philippine Health Insurance Corporation (PhilHealth) can afford to lower its members' mandatory contribution thanks to the huge chunk of unutilized funds that it has accumulated over the years. Citing figures from the Department of Finance (DOF)...
Senate President Pro Tempore Jinggoy Estrada (Senate PRIB) Senate President Pro Tempore Jinggoy Estrada has called on the Department of Foreign Affairs (DFA) to raise before the United Nations General Assembly (UNGA) the continued aggression of China...
To address the disparity between the Philippines' high literacy rates and its low standings in international assessments, Department of Education (DepEd) Secretary Sonny Angara has called for a comprehensive examination of the literacy measurement methods employed in other countries. (Photo...
As part of its swift response to calamities, the Philippine Red Cross (PRC) on Tuesday, Oct. 1, announced that it has provided hot meals and medicines to many people affected by the enhanced southwest monsoon and Super Typhoon Julian (international name: Krathon). (Courtesy of Philippine Red...
