The PSEi only made a small gain even after the US Federal Reserve gave a clearer target for its rate cuts this year. The main index added 10.01 points or 0.16 percent to close at 6,323.13, as the mining sector surged on higher gold prices, while banks retreated. Volume declined to 1.06 billion...
President Marcos has vetoed the bill declaring Pampanga as the country's culinary capital to avoid discrimination. President Ferdinand 'Bongbong' Marcos Jr. (Mark Balmores/MANILA BULLETIN) "Maganda po kasi yung bill pero magke-create po kasi ito ng discrimination (The bill was good but it will...
The PSEi regained the previous day’s loss despite weaker US and regional bourses, as investors continued to pick up cheaper Philippine stocks. The main index added 28.44 points or 0.45 percent to close at 6,313.12, as banks led the advance, while services and miners retreated. Volume rose further...
The Philippine Stock Exchange index (PSEi) weakened towards the end of the trading day on Tuesday, March 18, as investors decided to pocket gains made in the past few sessions. The benchmark index lost 21.51 points or 0.34 percent to close at 6,284.68, as the services sector led the retreat, while...
The Philippine Stock Exchange index (PSEi) notched up another gain after investor sentiment got a boost from news that China is taking steps to increase consumption. The main index added 12.08 points or 0.19 percent to close at 6,306.19 on Monday, March 17, although only conglomerates and services...
InfiniVAN, Inc., a Japan-affiliated digital solutions and telecommunications company in the Philippines, plans to launch a ₱2 billion to ₱3 billion initial public offering in the domestic capital market later this year. In an interview, BDO Capital and Investment Corporation President Eduardo...
The deepening rift between the Marcoses and the Dutertes reflects deep-rooted political instability in the Philippines, which ultimately hinders the country from achieving its full economic potential, according to the think tank Capital Economics. "The arrest this week of former Philippine...
The local stock market continued to firm up as investors pick up bargains on hopes of earlier rate cuts after both US and Philippine inflation rates eased. The main index hiked 52.04 points or 0.83 percent to close at 6,294.11 with the Property sector leading the advance while only Conglomerates...
The local stock market dipped although the arrest of former President Rodrigo Duterte was not seen to have affected investor sentiment. The main index shed 11.29 points or 0.18 percent to close at 6,195.26, weighed down by the services sector, although sub-indices were evenly divided. Volume...
West zone concessionaire Maynilad Water Services, Inc. invested nearly ₱26 billion in capital expenditure (capex) last year to improve water and wastewater services in its service area. In a statement on Tuesday, March 11, Maynilad reported spending ₱25.75 billion on capex projects...
The local stock market finally buckled under profit-taking after a six-day rally, as investors grew jittery over US President Trump’s shifting tariff policies. The main index plunged 154.22 points, or 2.42 percent, to close at 6,206.55, on Tuesday, March 11, with the Property sector leading...
The PSEi’s winning streak is in its sixth day as investors hopes for a rate cut has been revived after the inflation rate eased. The main index rose by 62.48 points or 0.99 percent to close at 6,360.77, as miners led all sectors higher. Volume was relatively steady at 627 million shares worth...
