The PSEi bounced back from the previous day’s profit-taking after investor sentiment was buoyed by the low Philippine inflation rate for April plus a number of positive corporate earnings reports. The main index rose by 59.06 percent or 0.93 percent to close at 6,418.69 with the Services sector...
Gotianun-led East West Banking Corporation (EastWest) posted a six percent improvement in net income to ₱1.8 billion in the first quarter of 2025 from ₱1.7 billion in the same period last year on the back of strong consumer lending and continued optimization of its cost structure. “Our first...
Banker, physicist, coder, professor, financial planner, triathlete, mentor, thought leader – Rizal Commercial Banking Corp. (RCBC) President and CEO Eugene S. Acevedo wears these many hats. His life has been remarkable, though he would readily acknowledge he never walked this path alone. “I...
China Banking Corporation (Chinabank), the country’s fourth largest private bank, is reaping the fruits of its digital transformation as it has been a key growth driver leading to the improvement in first quarter profits. In a disclosure to the Philippine Stock Exchange, the bank said it...
China Banking Corporation (Chinabank), the country’s fourth largest private bank, is reaping the fruits of its digital transformation as it has been a key growth driver leading to the improvement in first quarter profits. In a disclosure to the Philippine Stock Exchange, the bank said it...
The local stock market ended almost flat as investors continue to wait for fresh economic news amid uncertainty in the global front. The main index inched up 2.69 points or 0.04 percent to close at 6,252.19 with sectoral indices evenly mixed. Volume was still low at 622 million shares worth P4.88...
The local stock market dipped after a short series of minor gains as investors remain cautious amid unpredictable policy shifts by the US on tariffs and attacks by Trump on the independence of the Federal Reserve. The main index shed 10 points or 0.16 percent to close at 6,158.48 as Miners rallied...
East West Banking Corp. is confident that the bank’s double-digit net income growth in 2024 will be sustainable, driven by its core businesses, unless international trade issues or other external developments disrupt the local economy. During the EastWest Bank 2025 Annual Stockholders’ Meeting...
China Banking Corp. (Chinabank) announced that its board of directors has declared cash dividends totaling ₱6.7 billion, following the bank’s record earnings in 2024. In a disclosure to the Philippine Stock Exchange (PSE), the bank said it will pay a regular cash dividend of ₱1.5 per common...
The Philippine Stock Exchange index (PSEi) edged higher, buoyed by gains in US markets, a strengthening peso, and positive corporate earnings. The benchmark index climbed by 22.89 points or 0.37 percent to finish at 6,168.48 on Wednesday, April 23, although sectoral indices showed a mixed...
The PSEi dropped on profit-taking as investors held on to cash ahead of the Lenten break. The main index fell by 57.50 points or 0.93 percent to close at 6,128.60 as the Services counter led the retreat while only Miners managed to advance. Volume remained thin at 951 million shares worth P4.21...
While conditions are rosy at the domestic front, cautious trading is expected at the local stock market as investors would not want to leave their bets during the Lenten break, wary that global markets remain restive and another tweak in US tariff policy can sent global markets into another...
