Extended profit-taking pulls PSEi down to 6,700-mark, peso weak

MANILA: Investors extended their profit-taking for the second trading day dropping shares to 6,700-level, while the peso closed weaker on Monday.

The Philippine Stock Exchange index (PSEi) shed 74.62 points to 6,798.61, and All Shares declined by 35….

GSIS to boost alternative investments as revenue soars in 2023

MANILA: The Government Service Insurance System (GSIS) is committed to further increase its revenue by investing on private equity (PE) and real estate.

This, after the state pension fund announced to have generated a 33 percent increase in revenues …

Sandiganbayan OKs ex-LTFRB exec’s bid for ‘particulars’ in graft raps

MANILA: The Sandiganbayan has granted a motion for bill of particulars filed by former Land Transportation Franchising and Regulatory Board (LTFRB) executive director Samuel Jardin, in connection with the graft complaint against him arising from alleg…

PEZA approvals up 19% to P12-B in Jan-Feb 2024

MANILA: The Philippine Economic Zone Authority (PEZA) reported Monday that its investment approvals in the first two months of the year increased by 18.66 percent to PHP12.10 billion from PHP10.19 billion in the same period in 2023.

These projects ca…

OPAPA, SM ink pact to address hunger among Filipino learners

The Office of the Presidential Adviser on Poverty Alleviation (OPAPA) is poised to help address the hunger and malnutrition among young learners after signing an agreement with SM Foundation.

During the signing ceremony in Pasay City on Monday, Pres…

Vietnamese association established in German city

Berlin: The Vietnamese Association in Hamm city of Germany’s Nordrhein-Westfalen state organised its founding congress on February 18, becoming the first Vietnamese organisation in the city that aims to build a united and strong community.

During the…

14 more Filipinos leave Gaza

Fourteen more Filipinos have evacuated from the Gaza Strip to Cairo in Egypt through the Rafah border, the Philippine Embassy in Egypt said Sunday.

The embassy reported that the Filipinos, along with two Palestinians, crossed the border on Feb. 17.