The local stock market is not seen to start strong on the first trading week of the new year as investors wait for fresh economic data that will hopefully serve as catalysts for a rally. “Investors may start 2024 still on a cautious note as there remains no catalyst for the local bourse....
Investors in the local stock market have reason to be guardedly optimistic about 2024 following a lackluster trading in 2023. “The expected improvement in macroeconomic indicators are poised to drive market conditions in 2024,” said Philippine Stock Exchange (PSE) President and CEO Ramon S....
The local stock market returned to the 6,500 level as share prices rode on positive sentiment in the US bourses. The main index rose by 56.31 points or 0.87 percent to close at 6,519.11 as the Industrial sector led all counters in the advance. However, volume dropped to 385 million shares worth...
The local stock market is seen to benefit this short trading week from a combination of window-dressing and profit-taking as well as the carry over of positive sentiment from expectations of rate cuts next year. “The final three trading days of the year will see a mix of window dressing and...
Razon-led Manila Water Co. Inc. has secured a term loan facility from the state-lender Land Bank of the Philippines (Landbank) to support its capital expenditures (CAPEX). In a disclosure to the Philippine Stock Exchange on Wednesday, Dec. 20, Manila Water said the utility signed a P7 billion loan...
Chief Marketing Officer Raymund Villanueva, Co-CEO Albert Tinio, Operations Director Gigi Puno, Chief Experience Officer Lionel Gacad, CEO Nate Clarke, and Cheif Sales Officer Eelan Reyes. Despite GoTyme Bank’s digital nature, its customer service still remains the most important touchpoint in...
The Bangko Sentral ng Pilipinas (BSP), through a Monetary Board Resolution, has approved the planned merger of Bank of the Philippine Islands (BPI) and Robinsons Bank Corporation (RBC). In a disclosure to the Philippine Stock Exchange (PSE), Ayala-led BPI said that the BSP approved the merger...
The local stock market ended a few points down as investors started to take profits after US Federal Reserve officials cooled down rate cut expectations. The main index shed 2.94 points or 0.05 percent to close at 6,475.50 as sectoral indices were evenly split. A total of 602 million shares changed...
The Philippine government has successfully locked in almost all of its existing loans with the World Bank, leading to savings of millions of dollars in taxpayer money, the Department of Finance (DOF) has announced. Finance Secretary Benjamin E. Diokno said the Bureau of the Treasury has...
The Marcos administration has secured the initial funding required to construct the Bataan-Cavite Interlink Bridge (BCIB), which, upon completion, will rank as one of the longest marine bridges globally. After the signing of a $2.11 billion loan from the Asian Development Bank (ADB), Finance...
Bank of Commerce (BankCom), an affiliate of San Miguel Corporation (SMC), sees a larger market potential for its “SIKAPPINOY Asenso” (Asenso) all-in-one remittance, savings, and investments platform for Filipinos in Japan. This comes after an increase in overall remittances from overseas...
Ayala-led ACEN Corporation has firmed up a deal with the Asian Development Bank (ADB) and Bank of the Philippine Islands (BPI) to raise P11 billion worth of sustainability-linked term loan facility that will partly bankroll the company’s solar projects. The loan, according to ACEN, will carry...
