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Pre-dawn fire in Philippine capital kills 1
MANILA, March 30 (Xinhua) -- A 59-year-old man died in a pre-dawn fire that gutted a house in the Philippine capital Manila on Saturday, a firefighter officer said. Ronaldo Sanchez, marshal at Navotas City Fire Station, said the fire broke out at around 3 a.m. local time and trapped the victim on the second floor of the three-story house. Sanchez added that the victim was fast asleep when the fire spread,.....»»
Meralco power rates expected to go down this month
Lower power rates may be expected this month due to lower generation and transmission charges, according to energy utility provider Manila Electric Co......»»
Cebu bus terminals: 100,000 passengers expected on March 27
CEBU CITY, Philippines — At least 100,000 passengers are expected to flock to two of the biggest bus terminals here in Cebu for the Holy Week this year. As early as 7 a.m. on Holy Wednesday, dozens already queued for buses at the Cebu North Bus Terminal (CNBT) in the North Reclamation Area. READ MORE:.....»»
Trade gap expected to widen further
The Philippines’ trade deficit is expected to widen further this year amid weaker exports and stronger imports, according to Dutch financial giant ING......»»
Alveo reservation sales reach record high in Q1
Alveo Land, the brand for upscale properties of real estate developer Ayala Land, is off to a good start this year with record high reservation sales in the first quarte.....»»
AGI posts record P30.3 billion profit
Alliance Global Group Inc., the holding company of tycoon Andrew Tan, saw its profit rise by a fifth to reach record high levels in 2023 despite higher inflation, which pushed overall costs and expenses up during the year......»»
Upson income drops despite record revenue
Listed IT products retailer Upson International Corp. posted record high revenue in 2023 but lower gross margin and higher expenses dragged down profit for the year......»»
Bitcoin hits new all-time high
The leading cryptocurrency surged above the $72,000 mark on Monday Bitcoin, the world's highest-valued cryptocurrency, hit a new record on Monday as it surged above $72,000. The token soared to a fresh all-time high of $72,030, breaking the record set in November 2021 and bringing gains for the year so far to n.....»»
Government debt payments rise to record P1.6 trillion
The country’s debt service registered a record P1.6 trillion last year, exceeding the program, as the government aggressively moved to cut mounting obligations......»»
Pag-IBIG releases record P126 billion in home loans
The Home Development Mutual Fund, commonly known as Pag-IBIG, has released a record P126 billion in housing loans last year for nearly 97,000 members......»»
A quick look at the week ahead
This week is scheduled to be a quiet one on the PSE, with only the event of note being the Cebu Landmasters FOO offer kickoff on Tuesday......»»
If you could rewrite one stock’s slogan, which would it be, and what would it say?
Thank you to all the readers who participated in this Free Stuff Friday survey and shared their rewritten slogan for a PSE-listed company......»»
Quick look at the week ahead
We don’t have any big scheduled news or events coming directly from the PSE or any of its companies this week, but we do have the US Federal Reserve (the “Fed”) decision on US interest rates that we will learn about on Thursday morning......»»
ALI spending P100 billion for projects this year
Ayala Land Inc, the listed property giant of the Ayala Group, is ramping up its investments this year with capital spending returning to pre-pandemic level......»»
Rama: ‘Do not stop looking for person behind ‘hit-and-run’ incident’
CEBU CITY, Philippines — Cebu City Mayor Michael Rama is determined to file a case against the person responsible for the hit-and-run victim on Sunday, February 4, near the Redemptorist Church in Cebu City. He announced this during the flag raising ceremony at the Plaza Sugbo grounds on Monday, Feb. 5, which was also live.....»»
Rama says Singapore trip is official business, not vacation
CEBU CITY, Philippines — Cebu City Mayor Michael Rama clarified that his recent Singapore trip was an official business and not a vacation, and the city did not spend a single cent for it. He clarified this during the flag-raising ceremony on Monday, Jan. 29 and during a press conference that took place on the.....»»
Roxas Holdings suspended for reporting failure
The PSE suspended Roxas Holdings for its continued failure to submit its Annual Report for its fiscal year ending Sept. 30, 2023......»»
NFA mulls hike in selling price
The National Food Authority is considering raising its selling price of rice to as much as P36 per kilogram to recover its costs and keep profit margins after it increased its palay buying price last year......»»
Landbank sees 2-digit earnings this year
Land Bank of the Philippines is looking at a double-digit growth in net income this year following a record performance in 2023......»»
House fire kills 2 kids in Philippine capital
MANILA, May 15 (Xinhua) -- Two girls aged five were killed after a fire gutted their house in Tondo district in Manila, Philippine capital, on Wednesday afternoon, the local bureau of fire protection said. The bureau said the twin sisters were trapped inside the bedroom on the second floor of a two-story concrete house when the fire broke out before 2:30 p.m. local time and spread fast inside the home. It.....»»