Local equities market extended its winning streak to the seventh consecutive session on Thursday, Feb. 26, though a wave of late-session profit-taking pared gains as investors locked in returns from the recent rally. The Philippine Stock Exchange index (PSEi) edged higher by 5.59 points, or 0.08...
The Philippine stock benchmark climbed for a sixth consecutive session, reclaiming the 6,600 level as a strengthening peso and optimistic corporate earnings outlooks spurred a broad-based rally. The Philippine Stock Exchange index (PSEi) advanced 71.89 points, or 1.1 percent, to finish at 6,619.87...
The Securities and Exchange Commission (SEC) has issued the final version of its tiered minimum public ownership (MPO) requirement for initial public offerings (IPOs), a move expected to entice major corporations such as GCash and Maya to list their shares locally rather than seek overseas bourses....
Local stocks climbed for a fifth consecutive session to reach a nine-month high as strengthening peso and robust corporate earnings results insulated the market from the broader global selloff. The Philippine Stock Exchange index (PSEi) gained 59.47 points, or 0.9 percent, to finish at its intraday...
The Philippine Stock Exchange index (PSEi) gained on the back of positive corporate earnings reports as well as the United States (US) high court ruling against US President Donald Trump’s tariffs. The main index added 23.39 points, or 0.36 percent, to close at 6,488.51. Miners led the advance,...
Antonio-led Century Properties Group Inc. (CPG) is planning to launch ₱40 billion worth of residential projects this year, which will be partly funded by the ₱5 billion it raised from its latest bond issuance. Through its subsidiary PHirst Park Homes Inc. (PPHI), which focuses on the affordable...
Local stocks climbed for a third consecutive session Friday, Feb. 20, buoyed by the central bank’s recent pivot toward monetary easing and stabilizing currency. The Philippine Stock Exchange index (PSEi) gained 57.97 points, or 0.90 percent, to finish at 6,465.12. Financial stocks led the...
The Securities and Exchange Commission (SEC) and the Philippine Stock Exchange (PSE) are moving to revitalize the domestic capital market by introducing rules for Global Philippine Depository Receipts, which would allow local investors to trade foreign stocks in the local currency. SEC Chairman...
The Philippine Stock Exchange index (PSEi) declined for the third straight session on Monday, Feb. 16, as its investors cashed out before the Lunar New Year holiday and the Bangko Sentral ng Pilipinas ’ (BSP) policy meeting. The main index shed 16.03 points, or 0.25 percent, to close at...
The Philippine Stock Exchange index (PSEi) fell on continued profit-taking on Friday, Feb. 13, after the government reported a steep fall in foreign investment pledges. The main index dropped 86.67 points, or 1.34 percent, to close at 6,384.58. Miners led the retreat across the board. Volume...
Local equities snapped a two-day winning streak on Thursday, Feb. 12, as investors moved to lock in gains from recent rally, tracking the broader retreat in global markets following strong United States (US) labor data. The Philippine Stock Exchange index (PSEi) declined 27.57 points, or 0.42...
Investment & Capital Corporation of the Philippines (ICCP) has named former Ayala Land Inc. finance chief Augusto D. Bengzon as its new chairman and chief executive officer. The appointment was announced by Guillermo D. Luchangco, chairman of the ICCP executive committee, who cited Bengzon’s...
