The Philippine Stock Exchange Index (PSEi) closed higher on Wednesday, up 73.15 points, or 1.13 percent, to 6,523.19, as most sectors posted gains amidst optimistic trading. The broader All Shares index also advanced, adding 26.30 points to finish at 3,456.32, a 0.77 percent increase. Financials led the charge among the sectors, soaring 1.74 percent to reach 2,049.42, buoyed by strong performances in banking stocks. The Services sector was another significant contributor, jumping 2.61 percent to 1,833.87, driven by robust demand in telecommunications and utilities. Conversely, the Mining and Oil index was the day’s outlier, declining by 1.63 percent to 8,129.43,…
Author: Mark Tan
In a significant move to bolster the Philippine creative and design sectors, President Ferdinand R. Marcos Jr. on Friday underscored the necessity of building more collaborations with both local and international partners. Speaking at the inauguration of the “Art X Design” exhibition at the National Museum of Fine Arts in Manila, Marcos highlighted the pivotal role these industries play in the nation’s economic development and job creation. The President urged stakeholders, agencies, and partners within the Philippine creative industries to unite in fortifying the design community and fostering partnerships across borders. “By working together, we can elevate the global standing…
In a united stand against the government’s Charter change initiative, a coalition of teachers and academics, under the banner of Teachers, Education Workers, and Academics Against Charter Change (TEACH), has criticized the move as an attempt to distort history and undermine the democratic achievements resulting from the anti-Marcos protests. The press conference held on Friday saw TEACH members argue that the campaign to amend the 1987 Constitution, seen as a safeguard against authoritarianism, threatens to erase the legacy of resistance against Ferdinand Marcos Sr.’s dictatorship. Michael Pante, a TEACH convenor, emphasized the importance of the Constitution as a symbol of…