Shares drop as investors pocket gains from rally
LOCAL EQUITIES dropped on the first trading day of September as investors went profit taking amid a lack of catalysts.
Peso weakens as fresh round of US-China tariffs take effect
THE PESO weakened on Monday as the United States and China kicked off a fresh round of tariffs and with the market expecting slower Philippine inflation in August.
Duterte told to divulge details of China deals
AN OPPOSITION senator yesterday asked the presidential palace to disclose details of the agreements signed between the Philippines and China during President Rodrigo R. Duterte’s recent visit to Beijing.
Oil companies to cut petroleum prices
OIL COMPANIES are cutting the prices of petroleum products for the second straight week on Tuesday, according to separate advisories.
Comelec junks Eusebio’s case vs Sotto
THE COMMISSION on Elections (Comelec) 2nd Division announced on Monday it dismissed former Pasig mayor Robert “Bobby” C. Eusebio’s case against incumbent Mayor Victor Ma. Regis “Vico” N. Sotto, citing no valid grounds in the election protest.
Pasig River rehab agency now chaired by DENR
PRESIDENT RODRIGO R. Duterte has issued an executive order transferring the chairmanship of the Pasig River Rehabilitation Commission (PRRC) to the Department of Environment and Natural Resources from the Department of Budget and Management (DBM).
Bill easing requirements for foreign retail investors filed anew in the Senate
THE MEASURE proposing to reduce the required minimum paid-up capital for foreign companies that seek to enter the Philippine retail sector has been filed anew in the Senate.
DoubleDragon on track to have 100 malls by 2021
DOUBLEDRAGON Properties Corp. said it is on track to have 100 malls under its portfolio by 2021, as it moves to secure all lots for the projects within the year.
Davao gears up for RAPID Growth project rollout
DAVAO CITY -- Micro and small enterprises involved in coffee, cacao, coconut, and processed fruits and nuts in the Davao Region will be among the first beneficiaries of the Rural Agro-enterprise Partnership for Inclusive Development and Growth (RAPID Growth) project.
Peso may strengthen vs dollar on slower Aug. inflation print
THE PESO is likely to perform stronger this week amid expectations of a slower August inflation print.
Philippine property stocks may rise after Duterte’s China visit
PHILIPPINE property stocks may rebound from a seventh straight weekly loss as President Rodrigo Duterte nears the end of his trip to China with no indication that he would ban online casinos that cater to Chinese gamblers.
Now’s stock price rises on fourth telco player ambition
INVESTORS took positions on Now Corp. following news of its affiliate’s collaboration with a Singapore-based firm for a nationwide fiber rollout, which is seen bolstering the company’s ambition to become the fourth major telecommunications player.