REUTERS By Luz Wendy T. Noble, Reporter MORE SHORT-TERM foreign investments left the Philippines in September, as investors remained wary amid the Delta-driven coronavirus surge. Foreign portfolio investments — commonly referred to as “hot money” due to the ease by which these flows enter or leave an economy — posted […]
Local shares decline further ahead of key data
PHILIPPINE shares declined along with most markets in the region on Thursday as investors await more corporate earnings reports and key data releases, and with coronavirus disease 2019 (COVID-19) cases in neighboring countries starting to rise again. The Philippine Stock Exchange index (PSEi) dropped by 72.42 points or 1% to […]
Rail strikes planned during Cop26 climate conference called off
Rail strikes planned for next week’s Cop26 climate conference have been abandoned after trade union leaders confirmed negotiations on a pay rise have been settled. The announcement was made after talks between the RMT union and transport bosses on Wednesday. Transport during the 13-day UN climate summit, which is […]
NEA flagged over irregular selection of Benguet power co-op GM
PHILSTAR SENATOR Sherwin T. Gatchalian said the National Electrification Administration (NEA) did not follow its own rules in selecting the new general manager (GM) of Benguet Electric Cooperative, Inc. (Beneco). The NEA had endorsed Presidential Communications Operations Office Assistant Secretary Ana Maria B. Rafael as the co-op’s new GM. “An […]