The Philippines' plan to narrow its fiscal deficit and reduce the share of public debt to its economy is expected to be sustained during the second half of President Ferdinand R. Marcos Jr.'s term, amid expectations that his political allies would retain the majority leadership in Congress next...
The local stock market bounced back from the previous day’s loss on the back of a stronger peso. The main index added 44.45 points or 0.66 percent to close at 6,724.82 with the Mining sector leading the advance while Banks lagged behind. Volume was still strong at 783 million shares worth P8.54...
Prime Solar Solutions Corp. (Prime Solar), a subsidiary of Prime Infra, has activated its 128-megawatt photovoltaic (PV) plants in Tanauan, Batangas, and Maragondon, Cavite, a step towards full commercial operations. Guillaume Lucci, Prime Infra president and chief executive officer, said the move...
The Philippine Stock Exchange index (PSEi) opened the week lower as investors awaited US inflation data and Philippine investment and trade numbers. The main index dropped 48.57 points, or 0.72 percent, to close at 6,680.57. Conglomerates led the decline, while Banks and Services managed to...
The local stock market recovered the previous day’s loss as investors see inflation keeping within the Bangko Sentral ng Pilipinas’ target range despite rising faster last month. The main index rose by 39.37 points or 0.57 percent to close at 6,729.14 as Conglomerates led the advance while...
Local share prices eased for the third straight day due to the higher inflation rate for November. The main index dropped 39.19 points or 0.58 percent to close at 6,690.77 as the Services sector led the retreat while Conglomerates and Miners bucked the trend. Volume was lower at 863 million shares...
Veteran banker Raul B. De Mesa, Chairman, President, and CEO of Abacore Capital Holdings Inc. and Director of Pacific Online Systems Corporation, has passed away at 81. In a disclosure to the Philippine Stock Exchange, Abacore stated, “His untimely departure has left an irreplaceable void in our...
The local stock market benchmark ended marginally lower again as investors wait for the release of Philippine inflation numbers for November. The main index inched down by 4.25 points or 0.06 percent to close at 6,729.96 although only Conglomerates and Miners were in the red. Volume rose to 494...
The PSEi dipped as investors continue to wait for cues from the upcoming release of economic data this week. The main index shed 8.68 points or 0.13 points to close at 6,734.21 as Conglomerates led the decline while the Services and Mining counters advanced. A total of 492 million shares worth...
Domestic fiscal consolidation and global trade hiccups amid rising protectionism would hurt the Philippines' economic growth prospects, according to the think tank Capital Economics. In a Nov. 29 report, Capital Economics senior Asia economist Gareth Leather and assistant economist Harry Chambers...
Share prices plunged again as the market remains volatile, this time as investors worry about the plan of incoming US President Donald Trump to slap fresh tariffs on imports. The main index fell 104.27 points or 1.53 percent to close at 6,702.59 with Conglomerates suffering the biggest loss. Volume...
Aboitiz InfraCapital, Inc. (AIC) is expanding its airport portfolio after securing a deal to upgrade, operate, and maintain Bohol-Panglao International Airport. In a statement on Wednesday, Nov. 27, the infrastructure arm of the Aboitiz Group said it received the notice of award (NOA) from the...
