THE NATIONAL Power Corp. (Napocor) said Monday that it will extend its power supply agreement (PSA) with Occidental Mindoro Electric Cooperative, Inc. (Omeco) until the end of the year, and provide funds to the power distributor as it awaits the completion of a power procurement auction. “We will also heed their request that our leased […]
STOCKS may decline this week as investors remain cautious and monitor the coronavirus disease 2019 (COVID-19) situation after the country logged record cases. The Philippine Stock Exchange index (PSEi) shed 85.29 points or 1.26% to close at 6,633.22 on Friday, while the broader all shares index went down by 17.91 points or 0.43% to end […]
INVESTORS are expected to continue monitoring the country’s coronavirus disease 2019 (COVID-19) situation, with several areas under the strictest form of lockdown due to rising cases, as well as the release of second quarter gross domestic product (GDP) data on Tuesday. The 30-member Philippine Stock Exchange index (PSEi) inched down by 7.36 points or 0.11% […]
A PHILIPPINE ban on worker deployment to Israel stands despite a ceasefire between the Middle Eastern country and Hamas, according to the Labor department. Local authorities would keep watching the geopolitical situation in Israel and Gaza before sending more workers, Labor Secretary Silvestre H. Bello III told an online news briefing on Wednesday. “If the […]
THE COUNTRY’S jobless rate in March fell to its lowest level since the start of the coronavirus pandemic, the Philippine Statistics Authority (PSA) reported on Thursday. Read the full story.
On February 1, the Myanmar military launched a coup d’etat, which plunged Myanmar into political, social, and economic turmoil. Since then, the people have launched large-scale public demonstrations, and strikes by public officials and employees in the public and private sectors have spread to most cities and even remote rural areas. Most areas in Myanmar […]