The Philippine Stock Exchange index (PSEi) dropped on Monday, Sept. 8, as investors took profits and focused on the ongoing hearing into alleged corruption in flood control projects. The PSEi fell by 47.27 points, or 0.77 percent, to close at 6,101.86. The Bank and Conglomerate sectors led the...
RCBC Leasing and Finance Corp. (RLFC), a wholly owned subsidiary of Rizal Commercial Banking Corp.(RCBC), is using fresh capital infused by Japan’s Sumitomo Mitsui Finance and Leasing Company, Limited (SMFL) to fund its nationwide expansion in the next five years. Last month, RLFC and SMFL...
Authorities are looking into faulty electrical wiring as the cause of the fire that hit a factory of a wood lumber supplier in San Mateo, Rizal early Saturday, Sept. 6. The San Mateo Municipal Police Station (San Mateo MPS) said that the incident was reported to them at around 3:45 a.m.,...
The local stock market extended gains as investors continued to pick up bargains after the August inflation rate, while higher, came within target. The main index rose by 42.21 points, or 0.69 percent, to close at 6,149.13. The services sector led the advance, although banks dipped slightly. Volume...
While the Philippines is exploring the re-entry of nuclear power, securing financing may prove challenging as some local banks remain cautious about backing such projects. In an exclusive interview, Michael Ricafort, Chief Economist at Rizal Commercial Banking Corp. (RCBC), explained that the high...
The Philippine Stock Exchange index (PSEi) dropped to the 6,000 level after breaching its support on Wednesday, Sept. 3, as political noise and US tariff issues continue to dampen investor sentiment. The main index closed at 6,082.93, down 45.96 points or 0.75 percent. The Property sector led the...
The local stock market dipped due to the weaker peso and lower manufacturing data amid concern over massive corruption in flood control projects. The main index shed 11.46 points, or 0.19 percent, to close at 6,128.89. Half of the sectoral indices were in the green. Volume was higher but still...
The Philippine Stock Exchange index (PSEi) fell for the third consecutive day amid expectations of a slight uptick in August inflation and the peso 's recent weakness. The main index shed 15.22 points, or 0.29 percent, to close at 6,140.35 on Monday, Sept. 1. Conglomerates led the retreat,...
A woman was stabbed to death by an unidentified suspect during an alleged robbery inside her house in Binangonan, Rizal, on Saturday, Aug. 30. According to the Rizal Police Provincial Office (Rizal PPO), the victim was discovered by her daughter lying on the floor with multiple stab wounds. She was...
A 60-year-old woman died after being stabbed in the neck by her husband in Cainta, Rizal, reportedly due to jealousy and her alleged nagging, authorities said on Saturday, Aug. 30. According to the Rizal Police Provincial Office (Rizal PPO), the incident happened on Monday night, Aug. 25, when the...
The Philippine Stock Exchange (PSE) fell for the second straight day, shedding 34.62 points or 0.56 percent, to close at 6,155.57 as investor sentiment remained bearish a week into the “ghost month” despite the Bangko Sentral ng Pilipinas’ (BSP) rate cut. The Property sector led the retreat,...
The body of an eight-year-old girl who was swept away by floodwaters after falling into a canal in Taytay, Rizal, was recovered Friday morning, Aug. 29, in Barangay Anak Pawis, Cainta. The incident occurred on Wednesday night, Aug. 27, when the girl reportedly tried to retrieve her slipper that...
