The local stock market fell on strong foreign selling as investors wait for the US Federal Reserve and Bangko Sentral ng Pilipnas' (BSP) last policy meetings for the year. The main index plunged by 113.45 points or 1.72 points to close at 6,501.71 with Banks leading the retreat across the board....
The local stock market ended flat as investors continue to wait for the policy meetings of both US Philippine central banks. The main index shed 1.35 points or 0.02 percent to close at 6,615.16 with the Mining sector suffering the biggest loss while Banks and Conglomerates advanced. Volume declined...
London-based think tank Capital Economics warned that the strong gross domestic product (GDP) growth seen in the third quarter is unlikely to be sustained amid weak economic momentum, slowing remittances and exports, and tighter fiscal policies. "GDP growth in the Philippines accelerated in the...
With inflation remaining within the government's target range and economic growth slowing, private sector economists expect that the Bangko Sentral ng Pilipinas (BSP) will further reduce its borrowing cost at its Dec. 19 meeting. According to the Bank of the Philippine Islands (BPI) and think tanks...
The local stock market ended the week lower as investor sentiment was weighed down by the decline in US bourses. The main index dropped 24.84 points or 0.37 percent to close at 6,616.51 as Conglomerates fell although sectoral indices were evenly mixed. Volume declined to 1.2 billion shares worth...
The local stock market traded sideways as investors remained cautious even though the US inflation rate was within expectations. The main index shed 1.36 points or 0.02 percent to close at 6,641.35 with the Property sector leading decliners while Conglomerates and Services advanced. Volume was up...
The local stock market continues to see-saw, ending lower today as investors wait for the release of US inflation numbers tonight. The main index fell by 82.11 points or 1.22 percent with the retreat led by the Services counter while the Banking sector managed to hold its ground. Volume declined to...
The Philippines' plan to narrow its fiscal deficit and reduce the share of public debt to its economy is expected to be sustained during the second half of President Ferdinand R. Marcos Jr.'s term, amid expectations that his political allies would retain the majority leadership in Congress next...
The local stock market bounced back from the previous day’s loss on the back of a stronger peso. The main index added 44.45 points or 0.66 percent to close at 6,724.82 with the Mining sector leading the advance while Banks lagged behind. Volume was still strong at 783 million shares worth P8.54...
Prime Solar Solutions Corp. (Prime Solar), a subsidiary of Prime Infra, has activated its 128-megawatt photovoltaic (PV) plants in Tanauan, Batangas, and Maragondon, Cavite, a step towards full commercial operations. Guillaume Lucci, Prime Infra president and chief executive officer, said the move...
The Philippine Stock Exchange index (PSEi) opened the week lower as investors awaited US inflation data and Philippine investment and trade numbers. The main index dropped 48.57 points, or 0.72 percent, to close at 6,680.57. Conglomerates led the decline, while Banks and Services managed to...
The local stock market recovered the previous day’s loss as investors see inflation keeping within the Bangko Sentral ng Pilipinas’ target range despite rising faster last month. The main index rose by 39.37 points or 0.57 percent to close at 6,729.14 as Conglomerates led the advance while...
