Local shares retreated on Wednesday, Feb. 4, as investors locked in profits ahead of inflation report, pausing a rally that had recently pushed the benchmark index above the 6,400 mark. The Philippine Stock Exchange Index (PSEi) fell 29.01 points, or 0.45 percent, to close at 6,372.95. Market...
Stocks surged on Tuesday, Feb. 3, reclaiming the 6,400 level as investors shrugged off recent volatility in favor of an optimistic growth outlook and a massive government spending plan. The benchmark Philippine Stock Exchange index (PSEi) climbed 104.88 points, or 1.67 percent, to finish at...
The Philippine Army (PA) said Tuesday, Feb. 3, that it has strengthened its ties with French aerospace company Thales as part of efforts to expand cooperation in defense and critical technology systems that support national security. Brig. Gen. Jamel P. Samonte, commander of the Army’s Signal...
The Armed Forces of the Philippines (AFP) will conduct a series of large-scale military activities with the United States in the West Philippine Sea (WPS) for two months, it was confirmed on Tuesday, Feb. 3. Rear Adm. Roy Vincent Trinidad, AFP spokesperson for WPS, said the exercises will take...
The Philippine Stock Exchange index (PSEi) on Monday, Feb. 2, declined as cautious investors took note of geopolitical tensions while also waiting for the release of January inflation data. The main index dropped 31.89 points, or 0.5 percent, to close at 6,297.08. Miners plunged due to the fall of...
Aboitiz Equity Ventures Inc., the investment vehicle of one of the Philippines ' oldest business dynasties, retained its top-tier credit rating as robust cash flow from its energy and banking units offsets an uptick in borrowing for acquisitions. Philippine Rating Services Corp. kept its PRS...
Globe Telecom Inc. received approval from the Philippine Stock Exchange (PSE) to raise as much as ₱25 billion through a sale of non-voting preferred shares to refinance debt and support network expansion. In a notice posted on the bourse’s website, the PSE said the Ayala-led carrier will offer...
Ayala-led Bank of the Philippine Islands (BPI) posted a 7.4 percent increase in full-year net income as robust lending across its retail and business segments offset surge in rainy-day buffers. In a disclosure to the Philippine Stock Exchange on Monday, Feb. 2, the bank reported record bottom line...
Investors in equities are turning their focus to upcoming inflation data as catalyst for potential interest rate cuts, seeking signs that price pressures have cooled enough for the central bank to pivot toward easing. The release of February’s consumer price index will be weighed alongside recent...
China has protested the Philippines ' recent move to deploy coast guard vessels and aircraft near Bajo de Masinloc to secure Filipino fishers in the Philippine waters. Ji Lingpeng, spokesman for the Chinese Embassy in Manila, said Saturday, Jan. 31, that they lodged solemn representations...
The Philippines is rolling the dice on a sweeping visa waiver for Chinese nationals, a move designed to revive its gaming and tourism ecosystem, which has remained stuck in a post-pandemic slump. While the policy shift triggered an immediate, optimistic spike in local equities, the path to a...
A new ten-year national education roadmap has been formally presented to President Marcos, outlining an ambitious strategy to address the Philippines’ deepening learning crisis. In a statement issued Friday, January 30, the Second Congressional Commission on Education (EDCOM II) said it formally...
