The entry of I&C Holdings Corp.—a firm linked to Fortman Cline Capital Markets—as the second-largest shareholder of cash-strapped ABS-CBN Corp. is seen by market analysts as a strong vote of confidence in the media company’s turnaround story. “With a ₱3.5-billion commitment, investors are...
Local stocks advanced to end the week higher as in-line United States (US) inflation data eased fears of aggressive monetary tightening by the Federal Reserve, prompting investors to seek bargain shares in local equities. The Philippine Stock Exchange index (PSEi) added 9.05 points, or 0.14...
Fears that artificial intelligence (AI) could lead to massive job losses in the Philippines’ information technology and business process management (IT-BPM) industry may be overstated as the sector continues to grow despite the rapid adoption of the technology, the country’s chief economist...
Cosco Capital Inc., the listed retail holding firm of tycoon Lucio L. Co, reported a 9.2-percent growth in consolidated net income to ₱8.3 billion for the first half of 2026 from the ₱7.6 billion earned in the same period last year on the back of recovering consumer demand. “The group...
GT Capital Holdings Inc., the holding company of the Ty family, reported an 11 percent decline in consolidated net income to ₱16.41 billion for the first half of 2026 from ₱18.42 billion in the same period last year, as macroeconomic slowdown severely weakened domestic automotive demand. The...
Local equities market retreated as the onset of the traditional “Ghost Month” coincided with portfolio shifts triggered by MSCI Inc.’s quarterly benchmark review and persistent local currency weakness, pushing the country’s main stock index to a one-week low. The Philippine Stock Exchange...
The Philippines risks falling behind the artificial intelligence (AI) boom as it benefits less from the surge in AI-related electronics exports while its massive business process outsourcing (BPO) industry faces growing exposure to automation, according to think tank Capital Economics. In a report...
The Philippine Stock Exchange index (PSEi) rose on Wednesday, Aug. 12, as investor confidence was boosted by record highs in United States (US) bourses and the positive first-half performance of domestic blue-chip companies. The main index rose by 39.75 points, or 0.63 percent, to close at...
Local equities climbed on Tuesday, Aug. 11, tracking improved investor sentiment after signals from the Bangko Sentral ng Pilipinas (BSP) that slower economic momentum may curb the need for further monetary tightening. The Philippine Stock Exchange index (PSEi) gained 37.68 points, or 0.6 percent,...
The Philippine Stock Exchange index (PSEi) closed almost flat on Monday, Aug. 10, as investors waited for a catalyst while remaining wary of the country’s slow economic growth and uncertainty in the Middle East. The main index shed 1.14 points, or 0.02 percent, to close at 6,289.21. The...
The Philippine economy faces an uphill battle in the second half of 2026 after posting its weakest post-pandemic growth, with private sector economists warning that faster infrastructure spending, easing inflation, and stronger investor confidence will determine whether the country can meet the...
The Philippines is set to secure $1.5 billion in fresh loans from the World Bank and the Asian Development Bank (ADB) to deepen its financial markets, broaden access to capital, and mobilize more private-sector financing. The larger financing is the forthcoming $1-billion Philippines Private...
