The local stock market started the week on a positive note ahead of the release of several important economic data in the Philippines and the US. The main index added 36.68 points or 0.56 percent to close at 6,529.43, although half the sub-indices retreated. Volume rose to 447 million shares worth...
The Philippine Stock Exchange (PSE) edged lower as investors took profits before the bourse closed for the weekend. The PSE index shed 14.74 points or 0.23 percent to close at 6,492.75 with sectoral indices evenly divided. Volume decreased to 455 million shares worth P4.24 billion as losers...
Ayala Land Inc. (ALI) and its real estate investment trust AREIT Inc. (AREIT) have entered into a strategic partnership with the tycoon Enrique K. Razon’s Prime Integrated Waste Solutions, Inc. (PWS) facility in Cebu City to recover solid waste from its office buildings. In a statement, ALI said...
The local stock market rose further as investors place their bets a day before the government announces the July inflation rate. The main index added 57.46 points or 0.89 percent to close at 6,507.49 as the Services and Financials sectors led the advance while Conglomerates lagged behind. Volume...
Tycoon Lucio Co’s Cosco Capital, Inc. is beefing up its renewable energy portfolio with the planned acquisition of 100 percent of a company that owns a hydroelectric power plant in Nueva Vizcaya. In a disclosure to the Philippine Stock Exchange, the firm said its board of directors had approved...
Local share prices jumped on news that the US Federal Reserve believes is seeing progress in efforts to control inflation. The main index rose by 91.07 points or 1.43 percent to close at 6,450.03, with Banks leading the charge while Miners still retreated. However, volume was still tepid at 263...
The local stock market dropped further as investors continued to wait for market-moving news, particularly those related to possible interest rate cuts, both here and in the US. The main index lost 39.81 points or 0.62 percent to close at 6,358.96 as Banks led the retreat. Volume improved but...
The local stock market saw some profit-taking as investors waited to take cues from the release of economic data this week. The main index shed 13.14 points or 0.20 percent to close at 6,398.77 as Conglomerates led the decline while Banks managed to stay in the green. Volume fell to 4-7 million...
Gabriela Women’s Party-list Rep. Arlene Brosas (PPAB) Gabriela Women’s Party-list Rep. Arlene Brosas described the newly approved P35 minimum wage increase in the National Capital Region (NCR) as an “insult”, and said that it failed to...
Companies, particularly banks, are urged to tap the capital market by issuing bonds as these are a stable source of funds that can be issued quickly to a large investor base and at a lower cost. The advantages of issuing bonds to raise fresh funds was raised during the seminar entitled...
The local bourse closed the week on a positive note as investor sentiment got a boost from expectations of a local interest rate cut. The main index added 21.33 points or 0.33 percent to close at 6,411.91 as Conglomerates led the advance while banks and miners retreated. Volume improved to 1.16...
Expectations that rice tariff cuts will ease inflation would allow the Bangko Sentral ng Pilipinas (BSP) to lower interest rates as planned, even as the weak peso may be a deterrent to do it sooner, according to economists. "Given the dovish language from the central bank, we are sticking with our...
