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Projects and power is up

Big infrastructure projects worth more than P9.5 billion are under construction or nearing completion in Northeastern, Northern and Central Mindanao, officials of the Department of Public Works and Highways (DPWH) said on Wednesday.

These mega infrastructure projects that are being undertaken and closely supervised by the DPWH regional directors and district engineers are all under the Mindanao . . . → Read More: Projects and power is up

Philippine Stock Exchange

Local share prices experienced its sharpest decline in weeks as uncertainty over the US financial sector and pre-election jitters dampened investor sentiment.

The benchmark Philippine Stock Exchange index (PSEi) ended lower on Monday by 1.89% or 62 points to 3,203.91.

The broader all shares index ended in the red as well. It fell by 1.53% to or 31 . . . → Read More: Philippine Stock Exchange

Philippine bonds,outsourcing,Davao Light

Global investors are bracing for further declines in Philippine bonds, Asia’s worst performers this year, on concern the nation’s first change in president in almost a decade will lead to wider budget deficits.

Fortis Investments and Western Asset Management Co., which oversee a combined $698 billion, sold Philippine international bonds last month, as the government raised its . . . → Read More: Philippine bonds,outsourcing,Davao Light

Palm Oil and Brown outs

Palm oil growers in Mindanao are optimistic that the production would continue to increase in Mindanao even as the country is still importing oil palm products from nearby Southeast Asian countries.

In a meeting recently held at the Davao del Norte Capitol in Tagum City, C.K. Chang, president of Philippine Palm Oil Development Council, Inc. (PPODCI), said . . . → Read More: Palm Oil and Brown outs