The PSEi has risen back to the 6,800 level as investors continue picking up bargains while digesting last week’s corporate results. The main index added 41.84 points or 0.62 percent to close at 6,803.19 with the Services sector leading the advance while Conglomerates lagged behind. Volume dipped...
Cash remittances to the Philippines, which bolster consumer spending and the domestic economy as a whole, are at risk to be slashed by stricter immigration control and a clampdown on illegal migrants by US President-elect Donald J. Trump. In a Nov. 18 report, Capital Economics deputy chief...
Local share prices rose further as investors continued to pick up bargains. The main index added 84.70 points or 1.27 percent to close at 6,761.35 as Conglomerates led the advance while Industrials, Services, and Miners declined. Volume was firm at 696 million shares worth P5.78 billion as...
With a protectionist Trump 2.0 administration expected to increase inflation and interest rates in the US, forecasts indicate that the Philippine peso could weaken to P62:$1 by 2025, according to Capital Economics. The London-based think tank released new foreign exchange (FX) forecasts on November...
The local stock market finally pulled away from its seven-day dive after investors found bargain prices too hard to resist. The main index jumped 119.56 percent or 1.82 percent to close at 6,676.65 as Industrials and Banks led the rebound although Conglomerates got left behind. Volume was firm at...
The PSEi is now at the 6,500 level as share prices plummeted as a result of foreign funds continuing to leave the local market. The main index dove by 157.24 points or 2.34 percent to close at 6,557.09 with the Mining and Property sectors leading the retreat across the board. Volume rose to 674...
GT Capital Holdings Inc., the investment arm of the Ty family, reported a six percent dip in consolidated net income to P21.7 billion for the first nine months of 2024 from P23.1 billion in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the firm said that,...
The Securities and Exchange Commission (SEC) has ordered the Capital Markets Integrity Corporation (CMIC) to take over the operations of stock brokerage Equitiworld Securities Inc. (EQWORLD) to secure the accounts of its customers. In a statement, the SEC said it issued the takeover order on Nov....
Local share prices plunged as the Philippines faces headwinds including a weaker peso, lower foreign investments, and slower economic growth. The main index fell 129.9 points or 1.87 percent to close at 6,810.11 with the Property and Services sectors leading the retreat across the board. Volume...
Cosco Capital Inc., the retail holding firm of tycoon Lucio L. Co, reported a 10 percent increase in consolidated net income to P10 billion for the first nine months of 2024 from P9.1 billion in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the firm attributed...
The local stock market continued to weaken as the week started with news of a drop in foreign direct investments (FDI). The main index lost 37.17 points or 0.53 percent to close at 6,940.02 as only Banks held their ground while the Mining sector fell on lower gold prices. Volume was low at 548...
Low-cost Asian manufacturers may benefit from Donald Trump's forthcoming return to White House, despite the likelihood of weaker Asian currencies, including the Philippine peso, according to the think tank Capital Economics. “Asian currencies have depreciated against the US dollar since the...
