Broker Unicapital Securities Inc. on Monday recomputed the benchmark Philippine Stock Exchange index (PSEi) to round the year higher to 7,600 points from 7,000 points previously on the back of still lower interest rates at the close of 2024.
The number of listings at the Philippine Stock Exchange is forecast to rise in 2025 from just a handful this year as a consequence of the decline in interest rates that makes equities attractive versus fixed income securities.
Agriculture Secretary Francisco P. Tiu Laurel, Jr. welcomed with guarded optimism the sharp slowdown in September inflation attributed to the decline in food prices, particularly rice.
Headline inflation slowed to 1.9 percent in September, the slowest pace since the onset of the COVID-19 pandemic, the Philippine Statistics Authority reported on Friday.
Visitor arrivals in the Philippines reached 4.44 million in the nine months to September, up 9.9 percent from the year-earlier period, with nearly half...
Aboitiz Upgrade Solar Inc. (AUSI), a renewable energy affiliate of Aboitiz Power Corp., has partnered with electronics manufacturer TDK Philippines Corp. (TPC) to install a 5.65-megawatt-peak (MWp) rooftop solar PV system across two TPC facilities in Laguna.
President Ferdinand R. Marcos Jr. has appointed Secretary of Justice Jesus Crispin “Boying” Remulla as the new Ombudsman, succeeding former President Rodrigo Duterte-appointee Samuel R. Martires whose term ended in July. Remulla, who has served Justice Secretary since 2022, is known for pushing reforms to modernize the justice system and fight corruption. With decades of experience as a legislator and lawyer, he is expected to uphold transparency and accountability. The Marcos administration has reiterated its zero-tolerance of corruption. Ombudsman, the government’s primary graft buster, serves a single 7-year term and can only be removed through impeachment for offenses such as treason, bribery, graft and corruption, or betrayal of public trust.
Targeted efforts by the Department of Agriculture (DA) to manage the supply and pricing of key food items, particularly rice, sugar, and corn, are helping protect the poorest Filipino households from the brunt of inflation, even as overall consumer prices rise.