The local stock market bounced back to the 6,000 level and recovered more than half the steep loss suffered in the previous day as most countries chose diplomacy over a trade war with the US. The main index surged by 183.49 points or 3.15 percent to close at 6,006.34 with Services leading the...
The Philippine Stock Exchange index (PSEi) plunged as investors sold down shares in panic due to fears of a global trade war as countries are taking retaliatory measures slapped harsh tariff rates by the US. The Philippine benchmark fell by 261.34 points or 4.3 percent to close at 5,822.85 on...
Clark International Airport Corp. (CIAC) is partnering with Philippine Pharma Procurement Inc. (PPPI) to establish a pharmaceutical logistics and distribution center within Clark Aviation Capital (CAC). In a statement, CIAC announced that it signed a memorandum of understanding (MOU) with PPPI as...
Philippine stocks prices plunged immediately after the opening of the trading week on fears of a global trade war and possible recession. As of 10:18 this morning, the PSEi has lost 235.13 points, or 3.87 percent, at 5,849.06, with the mining and oil sector leading losses across the board. "US...
Local share prices fell further as investors around the world fear that Trump’s tariffs will plunge the global economy into recession. The PSEi lost 61.54 points or 1.00 percent to close at 6,084.19 with the Mining and Services counters suffering the most. Volume surged to 1.72...
The PSEi fell in a knee-jerk reaction to the higher tariffs slapped by the United States (US) on products from the Philippines. The main index lost 101.95 points, or 1.63 percent, to close at 6,145.73, with the retreat led by the services sector, while miners managed to advance as investors bought...
The Securities and Exchange Commission’s (SEC) move to relax the rule on the single business group (SBG) investment limit will benefit conglomerates with multiple listed subsidiaries, such as the SM and Ayala groups, as well as the planned initial public offering (IPO) of GCash. Under the...
The PSEi rose further as investors continued to bet on a policy rate cut on expectations of a low inflation print for March. The main index jumped 66.96 points or 1.08 percent to close at 6,247.68 as Banks surged while only the Industrial counter retreated. Volume amounted to 1.31 billion shares...
While the Philippines would be insulated from the tariff wars initiated by United States (US) President Donald Trump, it cannot reap the potential benefits from the supply chain restructuring of affected businesses in targeted countries. This highlights the need for the Philippines to enhance the...
The Philippines would buck the trend of weak growth prospects in emerging markets (EMs) amid the United States' (US) tariffs threat, according to the think tank Capital Economics. "In all, aggregate EM GDP growth is likely to slow in the coming quarters... we think growth will generally fall short...
GT Capital Chief Financial Officer George Uy-Tioco, Jr. GT Capital Holdings Inc., the investment arm of the Ty family, is looking to invest $100 million to $200 million in prospective partners as part of moves to diversify its business portfolio and lessen its dependence on the banking and...
The PSEi inched up on some bargain hunting as well as window-dressing with the first quarter about to end. The main index added 7.93 points or 0.13 percent to close at 6,147.44 with sector indices evenly mixed. Volume fell to 1.54 billion shares worth P3.41 billion as gainers outnumbered...
