The research heads of local stock brokers Abacus Securities Corporation and COL Financial have slashed their year-end forecasts for the Philippine Stock Exchange’s benchmark index because foreign investors (hot money and direct investments) continue to stay away, while corporate earnings growth...
Cautious trading is expected to prevail at the Philippine stock market this week as investors await developments following the July 9 deadline for United States trade negotiations. “We may see cautious sentiment as global trade uncertainties may take center stage again. This is as the US’ trade...
With no major economic data scheduled for release this week, the local stock market is expected to remain weighed down by the ongoing conflict between Israel and Iran and the inflationary effects of its impact on oil prices. Philstocks Financial Research Manager Japhet Tantiangco said the local...
Investors in the local stock market will be watching out for cues from the Bangko Sentral ng Pilipinas’ policy meeting this week. The local market was able to bounce back last week, supported by active trading and net foreign inflows. In the process, the market was able to get past the 6,000 and...
The local stock market will be looking forward to the release of US December inflation figures for cues although sentiment has already been dampened by expectations that the Federal Reserve will be less aggressive in cutting policy rates. With the market having difficulty maintaining a solid...
Investor sentiment in the local stock market is expected to remain bearish this week due to prospects of fewer rate cuts in 2025, a weakening peso, and concerns related to the government’s budget for next year. "The local market is turning more bearish as it extended its decline last week," said...
Vice-Mayor April Aguilar with CHO head Dr. Julie Gonzalez. (Photo from Las Piñas PIO) Las Piñas City Mayor Imelda Aguilar distributed vegetable seedling during a health and wellness caravan held in Manuyo Dos on Thursday, Dec. 12. Aguilar said the City Agriculture Office (CAO) headed by...
The two recent rate cuts by the Bangko Sentral ng Pilipinas (BSP) amounting to 50 basis points is not expected to affect the earnings of banks until the middle of 2025 although the sector has been outperforming in the local stock market. “The banking sector continued to outperform the market,...
BUTUAN CITY – Police Col. April Mark C. Young has been appointed as new Agusan del Norte police chief. POLICE Regional Office-13 Director Police Brig. Gen. Alan M. Nazarro (left) hands over the command flag to new Agusan del Norte Police Provincial Office Director Police Col. April Mark C. Young...
The local stock market is seen to remain volatile as sentiment continues to be weighed down by the weak peso, delayed interest rate cuts, and persistently-high inflation. “Broader market movements last week reflected a more hawkish US Fed, as officials indicated their lack of confidence to...
A heat index falling under the “danger” category is expected in six areas nationwide on Tuesday, April 9, while hot and humid weather may be experienced across the country according to the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA). (NOEL PABALATE /...
The local food business faced criticism online when a man named Ramil Albano took their tattoo challenge seriously, agreeing to tattoo their brand on his forehead in exchange for prize money. Ramil Albano, from Leyte, promptly visited a tattoo artist to get the brand on his forehead, documenting...
