President Marcos has welcomed the continued investment of global infrastructure firm I Squared Capital in the Philippines, underscoring the country’s strengthened reputation as a competitive and reliable investment destination. In his message, delivered by Special Assistant to the President for...
The Philippine Stock Exchange index (PSEi) fell below the 6,000-point level as investor confidence was eroded by weaker peso and forecasts for slower economic growth. The main index dropped 65.94 points, or 1.1 percent, to close at 5,988.02 on Friday, Oct. 24, with mining stocks leading the...
Bargain hunters pushed the Philippine Stock Exchange index (PSEi) higher on Thursday, Oct. 23, despite the continued weakness of the peso. The main index increased by 23.09 points, or 0.38 percent, to 6,053.96. Sectoral indices were evenly mixed. Volume dropped to 1.42 billion shares worth ₱4.8...
Business confidence and investment in the country are expected to take a hit as the government escalates anti-corruption efforts, with the ongoing scandal potentially causing firms to postpone projects, according to London-based think tank Capital Economics. In a report dated Oct. 22, Jason Tuvey,...
The recent lifting of foreign ownership limits and introduction of the Green Energy Auction Program (GEAP) have led to a rapid growth in investments in the renewable energy (RE) sector. In a media briefing, Security Bank Capital President and Chief Executive Officer (CEO) Virgilio O. Chua said...
The Philippine Stock Exchange index (PSEi) declined, tracking a retreat in the peso and gold prices. The benchmark PSEi shed 62.66 points, or 1.03 percent, to close at 6,030.87. Mining shares led the retreat, with only conglomerates managing to hold ground. Volume increased to 12.06 billion shares...
The listing of Maynilad Water Services Inc. at the Philippine Stock Exchange, following its ₱34.33 billion initial public offering, is expected to inject renewed interest into the local equities market and propel the growth of the benchmark index by approximately 10 percent from its current...
GCash, the country’s largest mobile wallet, is moving to democratize access to stock market debuts by integrating the fully digital Initial Public Offering (IPO) subscription feature within its GStocks PH platform. In a statement on Wednesday, Oct. 22, GCash said the move, in partnership with...
Toyota Financial Services Philippines Corp. (TFSPH), the automotive financing and leasing arm of GT Capital Holdings, Inc. (GT Capital), successfully raised ₱5 billion after its minimum ₱2 billion fixed-rate bonds offering was 3.5 times oversubscribed. GT Capital disclosed to the Philippine...
The Philippine Stock Exchange Index (PSEi) halted a three-day losing streak, edging higher as bargain hunters entered the market, encouraged by upbeat US equities. The main index gained 9.46 points, or 0.16 percent, to close at 6,093.53 on Tuesday, Oct. 21. Only the Industrial and Services sectors...
AbaCore Capital Holdings, Inc. has finally secured the approval of the Securities and Exchange Commission (SEC) for the distribution of its cash and property dividends worth ₱418.59 million which it declared way back in 2022. In a disclosure to the Philippine Stock Exchange, the firm said it...
The Philippine Stock Exchange Index (PSEi) dipped again, trading sideways as the market awaits corporate earnings reports and other strong catalysts to disperse the uncertainty hanging over investors. The main index shed 5.46 points, or 0.09 percent, to close at 6,084.07 on Monday, Oct. 20. Miners...
