PSEi falls to 6,100 level on flood control, corruption woes

MANILA, Philippines – Mounting concerns over anomalous flood control projects and corruption allegations against high-ranking government officials dragged the bourse near the 6,100 barrier on Tuesday. The benchmark Philippine Stock Exchange Index (PSEi) tumbled to 6,118.54 by the closing bell, losing 1.55 percent, or 96.29 points. READ: Robinsons Land trims RCR stake Likewise, the broader Continue reading PSEi falls to 6,100 level on flood control, corruption woes

Home fans help Obiena craft perfect end to season

EJ Obiena had one dream: to bring world-class pole vaulting to the Philippines. On Sunday, that dream soared above 5.80 meters—and landed in gold. Before a raucous crowd gathered at Ayala Triangle Gardens for the Atletang Ayala World Pole Vault Challenge, Obiena already felt like a winner. He had helped bring an international competition home. Continue reading Home fans help Obiena craft perfect end to season

BIZ BUZZ: Wanted: New BSP ‘AG’

The Bangko Sentral ng Pilipinas (BSP) is on the hunt for a new assistant governor. The slot opened up after Zeno Ronald Abenoja was promoted in May to deputy governor in charge of the monetary and economics sector. The new “AG” will serve at the monetary policy sub-sector, a post that calls for at least Continue reading BIZ BUZZ: Wanted: New BSP ‘AG’