The consortium-members of the Malampaya gas field will inject up to $800 million worth of investments to stretch the facility’s production life cycle, as anchored on the 15-year extension granted by the government on the project’s Service Contract (SC) 38. As emphasized by Prime Infrastructure...
The Philippine Stock Exchange index (PSEi) fell through the 6,500 support level to settle just above the 6,400 mark as investors cash out amid uncertainties due to the conflict in the Middle East. The main index plunged 157.46 points or 2.40 percent to close at 6,404.97 as the Services sector led...
The local stock market plunged as investors turned jittery after Iran attacked Israel with hundreds of missiles. The main index fell 96.96 points or 1.46 percent to close at 6,562.43 as Conglomerates led the retreat while the Mining sector bucked the trend. A total of 612 million shares worth P5.58...
The local stock market remained below its 6,700 support level as investors continue to sell amid rising exodus of later and less interest rate cuts this year. The main index lost 18.26 points or 0.27 percent to close at 6,659.39 although only the Property and Holding Firms sectors dropped. Volume...
Tycoon Lucio Co’s retail holding firm Cosco Capital Inc. posted a one percent growth in its consolidated net income to P12.4 billion in 2023 from P12.3 billion a year ago on the back of record earnings from its liquor distribution business. In a disclosure to the Philippine Stock Exchange (PSE),...
The local stock market fell again as investor sentiment has been dampened by dashed rate cut hopes amid rising inflation. The main index dropped 63.42 points or 0.94 percent as the Property sector led the retreat although Banks and Miners advanced. Volume rose to 747 million shares worth P6.71...
The local stock market extended its losing streak but some bargain-hunting helped the PSEi to recover most of the day’s losses. The main index shed 4.39 points or 0.07 percent to close at 6,741.07 with sectoral indices evenly divided. Volume was low at 572 million shares worth P4.26 billion as...
The Philippine Stock Exchange's bellweather fell by more than 200 points on Friday, April 5, from Monday’s level after a four-day losing streak, as investors were spooked by the rising inflation rate and the prospect of a delay in the reduction of interest rates. The main index dropped 81.6...
The local stock market continued to decline due to growing uncertainties in both the global and domestic fronts. The PSEi dropped 36.76 points or 0.54 percent to close at 6,827.06 led by the retreat of the Services sector although Miners and Banks advanced. Volume was weak at 510 million shares...
The local stock market fell following renewed concern over US interest rates. The main index plunged 96.61 points or 1.39 percent to close at 6,863.82 as the Property sector led the retreat. Volume also dropped to 701 million shares worth P4.29 billion as losers outnumbered gainers 119 to 71 with...
The local stock market ended lower on late profit-taking after a strong opening that sent the Philippine Stock Exchange Index (PSEi) above the 7,000 level. The main index lost 19.38 points or 0.28 percent to close at 6,960.43 led by losses of Banks although sectoral indices were evenly split....
Finance Secretary Ralph G. Recto has commended the Prime Infrastructure Capital Inc. for investing in two big-ticket storage power projects in Luzon. Recto said these investments will help ensure a stable electricity supply for the people and contribute to the country's goal of transitioning to a...
