The local stock market managed to end in the green after seeing some losses earlier in the session as investors wait for the result of the Bangko Sentral policy meeting. The main index added 11.65 points or 0.18 percent to close at 6,403.74 with sectoral indices again evenly mixed. Volume was...
Stock market investors finally start taking profits made during the PSEi’s recent rally and ahead of the expected rate hike by the Bangko Sentral on Thursday. The main index shed 26.85 points or 0.42 percent to close at 6,392.09 with sectoral indices evenly mixed. Volume rose 969 million shares...
BDO Capital & Investment Corporation (BDO Capital) was named the country’s Corporate and Investment Bank of the year at the Asian Banking & Finance Awards for the fifth straight year. In a statement, BDO Capital said the remarkable achievement is a testament to its consistent excellence...
CEBU CITY — Some personnel of the Philippine Air Force (PAF) are facing indirect contempt charges after they allegedly interfered in the demolition of houses in a controversial 4.6-hectare property in Barangay Apas here. FORMER Caloocan City Rep. Edgar Erice, spokesperson of Mazy’s Capital...
The local stock market rose despite a pause in the US bourses’ rally as investors hope for slower interest rate hikes. The PSEi rose 64.18 points or 1.01 percent to close at 6,418.94. Except for the Properties, all sectors were in the green with Conglomerates leading the advance. 92486 A total of...
The local stock market continued to rise on fresh corporate earnings reports as well as the easing of inflation rate in the US announced last week. The main index added 67.99 points or 1.08 percent to close at 6,354.76 as Conglomerates led the advance although the Mining and Oil counter retreated....
GT Capital Holdings, Inc., the Ty family’s investment arm, posted a 72 percent jump in consolidated net income to P15 billion in the first nine months of 2022 from P8.7 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said its core net income...
The Department of Public Works and Highways (DPWH) has completed the construction of the new and modern Tamasak Arena Gymnasium in Barotac Nuevo in Iloilo. Built at the entrance of Barotac Nuevo’s football field, the gym has a total floor area of about 10,000 square meters and can accommodate a...
The local stock market rose before the week ended, boosted by hopes that inflation in the US is already coming down from its peak. The main index jumped 119.20 points or 1.93 percent to close at 6,286.77as Conglomerates and the Property sector led the rally. Volume improved to P4.92 billion as...
Stock market analysts cheered the higher-than expected Philippine economic growth in the third quarter, attributing it to the Marcos government’s decision to ease Covid restrictions which resulted in higher consumer spending and a more active economy. “Growth was able to outperform the previous...
Citing the economic and cultural significance of Pampanga's lantern-making industry, Deputy Speaker and Pampanga 3rd district Rep. Aurelio “Dong” Gonzales Jr. is seeking the declaration of the province as "Christmas capital" of the Philippines. 2012’s Ligligan Parul, photo by Ramon F...
The local stock market continued to drop despite the release of better-than-expected economic growth numbers. The main index fell 74.11 points or 1.19 percent to close at 6,167.57 although sectoral indices were evenly mixed with the Property counter leading gains while Conglomerates saw the biggest...
