Local equities fell as global geopolitical friction and domestic fiscal policy concerns eroded risk appetite, halting a previous session rally. The Philippine Stock Exchange index (PSEi) slipped 38.08 points, or 0.6 percent, to close at 6,296.64 on Tuesday, Aug. 4. Sectoral performance was mixed,...
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The Philippine Stock Exchange index (PSEi) rallied on Monday, Aug. 3, after oil prices fell on news that the United States (US) had halted strikes against Iran to allow peace negotiations to resume. The main index jumped 98.28 points, or 1.58 percent, to close at 6,334.72. Services led the gains,...
The Philippine Stock Exchange index (PSEi) fell as the week ended on Friday, July 31, as investors cashed out ahead of the release of inflation and gross domestic product (GDP) data, as well as the rebalancing of the bourse’s benchmark index next week. The main index lost 69.31 points, or 1.1...
Gotianun-led East West Banking Corp. (EastWest Bank) reported a 17-percent decline in net income to ₱3.4 billion in the first half of 2026 from the ₱4.1 billion posted in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE) on Friday, July 31, EastWest Bank said the...
The Yuchengco Group’s Rizal Commercial Banking Corp. (RCBC) reported a 22.6 percent drop in net income to ₱4.11 billion in the first half of 2026 from ₱5.3 billion a year earlier, weighed down by higher credit impairment provisions amid heightened geopolitical uncertainties. However, the bank...
Local stocks advanced as investors drew encouragement from signals that the Bangko Sentral ng Pilipinas (BSP) will refrain from aggressive interest-rate hikes, easing worries over rising borrowing costs and bolstering appetite for risk assets. The Philippine Stock Exchange index (PSEi) added 49.01...
President Ferdinand R. Marcos Jr.’s proposed tax measures could put more money into the pockets of Filipino workers and ease the burden on businesses, but the government may have to forgo about ₱53 billion in revenues in 2027 if the proposals are enacted. During his penultimate State of the...
The Philippine Stock Exchange index (PSEi) dipped on Tuesday, July 28, after President Ferdinand Marcos Jr.’s State of the Nation Address (SONA) last Monday, July 27, failed to distract investors from concerns over the Middle East and upcoming corporate earnings reports. The main index shed 10.87...
The Philippine Stock Exchange index (PSEi) rose on Monday, July 27, after the halt in hostilities in the Middle East prompted some investors to start bargain-hunting. The main index gained 33.89 points, or 0.54 percent, to close at 6,314.90. Miners led the advance, while conglomerates and...
The Philippine Stock Exchange index (PSEi) dipped on Friday, July 24, as share prices fell amid concerns over rising oil prices and the higher tariff the United States (US) slapped on Philippine goods. The main index shed 2.11 points, or 0.03 percent, to close at 6,281.01. Sectoral indices were...
The Philippine Stock Exchange index (PSEi) was slightly higher on Thursday, July 23, as some investors started bargain hunting despite rising oil prices because of the United States (US)-Iran war. The main index added 15.27 points, or 0.24 percent, to close at 6,283.12. Banks led the advance, while...
