The local stock market rose further as investors continued to bank on expectations of a low inflation rate for May that increases chances for a rate cut. The main index jumped 60.20 points or 0.95 percent to close at 6,412.86 as the interest rate-sensitive Property sector led the advance while...
A 53-year-old taxi driver was finally nabbed by the police after hiding from the law for over a decade for the crime of carnapping on Monday, June 2, the Rizal Police Provincial Office (Rizal PPO) said. The suspect was identified as "Mario," a resident of Taytay, Rizal. He was tagged as the most...
The local stock market rose as investors cheered the passage of a law that will reduce the stock transaction tax while also betting that the inflation rate would remain low last May. The main index added 11.13 points or 0.18 percent to close at 6,352.66 as the Property sector led the advance,...
A 69-year-old senior citizen tagged as Calabarzon region 's most wanted person for the crime of murder was finally caught by the police in Antipolo City on Thursday, May 29. The suspect was identified as "Joel," a former soldier. He was arrested in Barangay San Jose after more than 10 years of...
The PSEi dipped again as investors remained cautious and took profits late in the trading day after President Marcos asked heads of government controlled corporations to resign for another top level reshuffling. The main index shed 12.99 points or 0.20 percent to finish at 6,412.81 with Miners...
Three individuals wanted for the brutal killing of a 45-year-old construction worker over missing gamecocks surrendered to police on May 26, the Rizal Police Provincial Office (Rizal PPO) said. The suspects, identified as "Rojim,; "Jojo," and "Tony," were listed as the No. 2 most wanted persons at...
Police operatives arrested 70 individuals allegedly involved in an online investment scam during a raid on an office building in Barangay San Roque, Antipolo, Rizal, on Tuesday, May 27. The operation was spearheaded by the Philippine National Police Anti-Cybercrime Group (PNP-ACG), Securities and...
The PSEi declined on mixed trading as investors waited for the release of economic data due this week. The main index shed 23.16 points or 0.36 percent to close at 6,389.94 with sectoral indices equally divided. Volume was low at 486 million shares worth P4.74 billion as gainers outnumbered losers...
Stock investors are expected to take cues from the release of a slew of data this week, which includes the Philippines’ budget and trade balance numbers as well as US gross domestic product and jobless claims. Rizal Commercial Banking Corporation Chief Economist Michael L. Ricafort said upcoming...
After reducing the number of shares for its initial public offering (IPO), Maynilad Water Services Inc. may tighten the offer price to between ₱12 and ₱14 per share from its initially indicated maximum offer price of ₱20 per share based on investor interest during its ongoing bookbuilding...
The PSEi rose on the last trading day of the week as uncertainties eased after President Marcos chose to keep his economic team intact after asking his cabinet secretaries to tender their courtesy resignations. The main index jumped 107.73 points or 1.71 percent to close at 6,413.10 as Banks led...
A man celebrating his birthday and his three friends were nabbed in a drug den during a buy-bust operation launched by the Rodriguez, Rizal Police and Philippine Drug Enforcement Agency (PDEA), authorities said on Thursday, May 22. Police said the operation was conducted on May 20 in Barangay San...
