Senator Raffy Tulfo slammed Philippine Charity Sweepstakes Office (PCSO) General Manager Mel Robles after learning that he allegedly closed down a lotto outlet after its owner attended a prayer rally. This was disclosed by Evelyn Javier, National President of the Philippine On-Line...
Leading oil firm Petron Corporation has successfully raised P16.83 billion from its preferred shares offering, which was rated to have been 1.3 times oversubscribed versus initial target. “The proceeds from the offer will be used to redeem the company’s Series 3A Preferred Shares and fund...
The local stock market shrugged off profit-taking fears and shot up to the 7,400 level following the central bank’s announcement of a reduction in the reserve require ratio.
To facilitate the prompt delivery of educational materials and the effective execution of projects, the Department of Education (DepEd) announced on Monday, Sept. 23, that it will implement Early Procurement Activities (EPA). (DepEd / MB Visual Content Group) DepEd Secretary Sonny Angara has signed...
An intensified trade war between the United States and China in case Donald J. Trump retakes the US presidency may weaken currencies in the Association of Southeast Asian Nations (ASEAN), especially the Philippine peso, according to the think tank Oxford Economics. Graph from Oxford...
BuildHub PH, an online marketplace focused on construction, has teamed up with the Bank of the Philippine Islands (BPI) to support construction businesses in the country. In a statement, BuildHub PH said its partnership with the Ayala-led bank will offer contractors and hardware stores access to up...
Davao tycoon Dennis A. Uy’s Chelsea Logistics and Infrastructure Holdings Corporation has tapped former Philippine Airlines President Gilbert F. Santa Maria as the newest member of its board of directors as the firm tries to return to profitability. In a disclosure to the Philippine Stock...
The local stock market may see initially some profit-taking this week following its recent rally although sentiment remains generally upbeat and will continue to buoy share prices. “The local market has been showing bullish momentum, rising for three straight weeks, with the latest one getting it...
Lucio Co-led Philippine Bank of Communications (PBCom) was assigned an issuer credit rating of PRS Aa minus (corp.), with a Stable Outlook, by Philippine Rating Services Corporation (PhilRatings). An issuer credit rating, also sometimes called corporate credit ratings or company ratings, or...
BRP Teresa Magbanua (Photo by PCG) The Philippine Coast Guard (PCG) confirmed Sunday, Sept. 22, that it has deployed a new ship to Escoda (Sabina) Shoal to replace BRP Teresa Magbanua and maintain the country’s presence in the tense maritime feature in the West Philippine Sea (WPS). PCG...
A new “operational concept or modality” has been unveiled by the National Maritime Council (NMC) on how the Philippines can deal with China Coast Guard (CCG) presence in the disputed West Philippine Sea. A flag-raising activity is conducted by the Philippine Coast Guard (PCG) onboard BRP...
A major thorn on the side of the project developers will be cleared, as the Philippine Ports Authority (PPA) has finally affirmed its support to the repurposing of three major ports that will underpin the commercial advancement of gigawatt-scale offshore wind (OSW) farm projects. In a statement to...
