The local stock market rally marked its fifth day, capping a week of recovery with a strong gain as positive corporate earnings and recent economic data supported investor confidence. The main index rose by 78.33 points or 1.26 percent to close at 6,298.29, led by the jump of the services sector,...
"Unstable politics" in the Philippines is getting in the way of it becoming an alternative regional export hub to Vietnam amid the threat of tariffs from US President Donald Trump, according to the think tank Capital Economics. "Vietnam has seen a surge in exports to the US in recent years...
Amid declining casino revenues, Razon-led Bloomberry Resort Corp., owner and operator of the two Solaire and the Jeju Sun integrated resorts, is rolling its dice in the online gaming table. Sharing its online gaming plan with stock analysts, Bloomberry said it will fully launch its online gaming...
The local stock market strengthened as investor sentiment got a boost from easing inflation and a delay in the tariff war started by the United States (US) against Canada and Mexico. The main index surged by 98.19 points or 1.6 percent to close at 6,219.96 as miners led the rally across the board....
Danish infrastructure fund A.P. Moller Capital is acquiring up to 40 percent of Ayala Corporation subsidiary AC Logistics Holdings Corporation for a yet undetermined amount. In a disclosure to the Philippine Stock Exchange, Ayala said the investment of A.P. Moller, through EMIF II Holding III B.V.,...
Local share prices rose as investor sentiment were buoyed by encouraging inflation numbers for February. The PSEi jumped 57.66 points or 0.95 percent to close at 6,121.77, led by the surge in the property index while the services sector dipped. Volume was strong at 588 million shares worth ₱7.35...
The local stock market rose further as investors picked up cheaper stocks ahead of Wednesday’s announcement of the inflation rate for February. The main index added 26.92 points or 0.45 percent to close at 6,064.11, led by the strength of the mining and banking sectors, while the conglomerate and...
The price of Ferronoux Holdings Inc. shares surged 49.53 percent to hit its intraday ceiling of ₱8 per share after the suspension in the trading of the stock was lifted by the Philippine Stock Exchange (PSE). The suspension was lifted after the firm submitted its comprehensive disclosure...
The Philippine Stock Exchange index (PSEi) recovered some ground but settled below the day’s high as investors bet on a lower inflation rate to be announced on Wednesday. The main index added 39.22 points or 0.65 percent to close at 6,037.19 as conglomerates led the advance while the services and...
LT Group Inc., the holding company of taipan Lucio Tan, reported a 14 percent improvement in attributable net income to a record high of ₱28.92 billion last year from the ₱25.42 billion reported in 2023 on the back of strong growth in its tobacco, banking, liquor, and beer businesses. In its...
The PSEi plunged due to the MSCI rebalancing and Trump’s latest statements which continue to rock investor sentiment. The main index fell 126.12 points or 2.06 percent to close at 5,997.97 with the Property counter leading all sectors down. Volume jumped to 1.11 billion shares worth ₱20.63...
The local stock market declined as it continues its see-saw trend amid negative geopolitical factors and generally upbeat corporate results. The main index shed 20.87 points or 0.34 percent to close at 6,124.09 as Miners led the retreat with only Banks managing to advance. Volume rose to 534...
