Local equities market halted its downward trajectory, staging a recovery after the United States (US) and Iran signed the preliminary accord aimed at a permanent peace agreement, but gains were severely capped after the central bank went ahead with an expected interest rate increase, prompting...
Local equities tumbled the most in more than a month as investors rushed to lock in gains ahead of the central bank’s interest rate decision, with heavyweights leading the retreat. The Philippine Stock Exchange index (PSEi) plunged by 130.94 points, or 2.1 percent, to close at 6,114.81 on...
The long-awaited initial public offering (IPO) of the company behind the popular e-wallet GCash—expected to be the country’s largest-ever listing by raising more than $1 billion—is finally underway as the company formally takes its first step toward going public. Mynt Inc., backed by Globe...
Maynilad Water Services Inc. has tapped International Finance Corp. (IFC) for a $500,000 infrastructure advisory services project aimed at strengthening the west zone concessionaire’s sustainability and resilience strategy. In a disclosure last Monday, June 15, IFC said the project was approved...
Philippine stocks remain among Asia’s weakest performers as investors continue to favor markets benefiting from the artificial intelligence (AI) boom, while concerns over domestic economic, investment, and policy conditions weigh on sentiment, according to Singapore-based DBS Bank Ltd. In a...
Local stocks ended the volatile session virtually unchanged as investors weighed the prospect of extended diplomatic talks in the Middle East against the persistent threat of crude-driven inflation. The Philippine Stock Exchange index (PSEi) edged up 0.34 point, or 0.01 percent, to close at...
State-run Government Service Insurance System (GSIS) is weighing a proposal by the Philippine Stock Exchange (PSE) to allow state pension fund members to borrow money for equity investments, a move that could provide fresh liquidity injection into the local bourse. In a statement on Tuesday, Jan....
The Philippine Stock Exchange Inc. (PSE) is turning to the country’s largest state-run pension funds to arrest the slump in market participation and offset a persistent exodus of foreign capital. PSE President Ramon S. Monzon told reporters that the exchange is in talks with the Social Security...
The Philippine Stock Exchange Index (PSEi) slipped 0.28 percent following a confluence of weak economic reports and a cut to the country 's growth forecast. The main index shed 16.70 points to close at 5,959.94 on Wednesday, Dec. 10. Sectoral indices were evenly mixed for the session. A total...
While some optimism injected life into the local stock market last week, stocks remain undervalued, with no major economic news expected this week to serve as a catalyst to sustain the recovery. “The local market has shown signs of life last week, bouncing strongly on the back of positive...
It’s all systems go for the initial public offering (IPO) of Maynilad Water Services Inc., which is tagged to be the biggest stock offering in the last four years. Amidst the continuing political drama surrounding the floodgate mess, there is no stopping Maynilad’s IPO, especially with...
GCash, the country’s largest mobile wallet, is moving to democratize access to stock market debuts by integrating the fully digital Initial Public Offering (IPO) subscription feature within its GStocks PH platform. In a statement on Wednesday, Oct. 22, GCash said the move, in partnership with...
