Indices Analysis

LISTED agricultural firm AgriNurture, Inc. has partnered with the Philippine International Trading Corp. (PITC) on the importation of raw materials for the production of Bigas-Mais (BigMa) or rice-corn blend. In a disclosure to the stock exchange on Thursday, the company said it signed a memorandum of agreement with PITC in …

PROJECT involves construction of new tunnel as ‘vital link’ — BW FILE PHOTO NLEX CORP. said on Thursday its P1.6-billion Subic Freeport Expressway (SFEX) Capacity Expansion Project is now 85% complete. “Now 85% complete, the capacity expansion of the 8.2-kilometer SFEX is aimed at improving traffic safety and easing travel …

MIKITA YO/UNSPLASH LISTED ATN HOLDINGS, Inc. is looking to generate P1 billion in the next two years from selling construction materials that will help it ride on the Philippines’ increased investments on infrastructure. In a disclosure to the exchange on Thursday, the diversified company said it is positioned to grab …

LISTED port operator International Container Terminal Services Inc. (ICTSI) said on Thursday it had entered into a placement agreement for the sale of its 40 million treasury shares to raise funds for general corporate purposes. Proceeds will also be used to fund the company’s committed capital expenditure, ICTSI said in …

BW FILE PHOTO THE MONETARY BOARD has approved a regulatory framework for digital banks, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said on Thursday. “We see these [digital] banks as additional partners in further promoting market efficiencies and expanding access of Filipinos to a broad range of financial …

REUTERS By Luz Wendy T. Noble, Reporter MORE FOREIGN CAPITAL entered than left the country in October to yield a net inflow after seven straight months of outflows, the Bangko Sentral ng Pilipinas (BSP) said on Thursday. Foreign portfolio investments — also known as “hot money” because of the ease …

Jeepney drivers had to beg for money in the streets, after they were left unemployed as public transportation was halted during the strict lockdown earlier this year. — PHILIPPINE STAR/MICHAEL VARCAS By Beatrice M. Laforga, Reporter THE COUNTRY’S unemployment rate will likely remain at around 9-10%, roughly double its pre-pandemic …

Hospitals were nearly overwhelmed with the number of coronavirus disease 2019 (COVID-19) cases at the start of the pandemic. Picture taken June 26. — REUTERS/ELOISA LOPEZ By Denise A. Valdez, Senior Reporter THE coronavirus pandemic is prompting companies to prioritize big investments in the healthcare sector, in preparation for any …

Economic managers are hoping the timely passage of the measure cutting corporate income tax and reforming the tax incentive system will help the economy bounce back faster. — REUTERS By Charmaine A. Tadalan, Reporter THE SENATE on Thursday approved on third and final reading a measure that will immediately lower …

THE Department of Tourism (DoT) has condemned the party that took place in Boracay on Oct. 31, saying such irresponsible action compromises efforts to revive the tourism industry. The DoT, which serves as co-vice chair of the Boracay Inter-Agency Task Force for rehabilitation, said in a statement that it also …