PSEi tests support level on extended profit taking
STOCKS CONTINUED to decline on Wednesday as investors kept taking profits and preferred markets that are expected to beat others in getting the coronavirus disease 2019 (COVID-19) vaccine.
Peso inches up vs dollar as Biden begins transition
THE PESO inched up versus the dollar on Wednesday after US President-elect Joseph R. Biden, Jr. started his formal transition to the White House and amid the race for the development of a vaccine against the coronavirus disease 2019 (COVID-19).
Fourth quarter marks start of economic pickup — FMIC, UA&P
SIGNS OF an economic recovery are emerging this quarter based on readings of recent industrial activity and trade data, First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said in a joint report.
SSS reluctant to implement expanded pension proposal
THE Social Security System (SSS) said going ahead with a plan to expand benefits for retirees affected by the coronavirus disease 2019 (COVID-19) pandemic will likely erode the pension fund’s finances.
Gov’t borrowing to fund pandemic expenses driving bond market
BOND MARKET growth accelerated in the third quarter to meet government demand for funds to finance its coronavirus disease 2019 (COVID-19) containment efforts, the Asian Development Bank (ADB) said Wednesday.
BoI auto-industry investment campaign to focus on wiring
THE Board of Investments (BoI) said it is seeking to attract investment in electric vehicle manufacturing, including production of wiring materials, in which the Philippines enjoys advantages in terms of access to supply.
DoE urged to expedite clean energy transition
THE Department of Energy (DoE) must step up its clean energy efforts and implement policy that will bring about the “full and swift” transition of the power sector, an environmental think tank said Wednesday.
House passes on second reading bill banning ‘endo’
THE House of Representatives on Wednesday approved on second reading a bill banning contractualization in the private sector.
Gov’t sets price cap on coronavirus swab tests
THE GOVERNMENT has issued an order setting a price ceiling on coronavirus swab tests to balance equity and consumers’ choice.
Operators ready for cashless toll by Dec. 1 — regulator
THE TOLL Regulatory Board (TRB) on Wednesday said toll operators are ready to enforce cashless transactions starting Dec. 1 amid a coronavirus pandemic.
Local shares decline on profit taking after rally
LOCAL SHARES surrendered to profit taking on Tuesday following a rally that brought the main index to its highest level since the coronavirus pandemic started.
Peso strengthens on vaccine news
THE PESO strengthened versus the dollar on Tuesday after drug firm AstraZeneca and its partner University of Oxford claimed their vaccine can be 90% effective.