The Philippine Stock Exchange index (PSEi) opened the week on a negative note as share prices dropped on Monday, June 8, following an escalation in hostilities in the Middle East. The main index lost 58.97 points, or 0.99 percent, to close at 5,879.41. Miners led the retreat across the board due to...
Local equities advanced as consumer price growth slowed more than economists anticipated, tempering fears of prolonged aggressive monetary tightening, but gains were capped later in the session amid escalating geopolitical tensions in the Middle East. The benchmark Philippine Stock Exchange index...
Local stocks declined, snapping a three-day rally, as investors locked in profits ahead of the inflation data and amid escalating geopolitical tensions in the Middle East that threatened to disrupt global energy markets. The benchmark Philippine Stock Exchange index (PSEi) slid 41.24 points, or...
Local equities rose for the third consecutive session as International Container Terminal Services Inc. (ICTSI) single-handedly propelled the benchmark index higher, masking widespread weakness across the broader market. The Philippine Stock Exchange index (PSEi) gained 40.48 points, or 0.69...
Local stocks surged, reclaiming the key psychological threshold, as rollback in domestic fuel prices and the strengthening local currency lured bargain hunters back to the equity market. The Philippine Stock Exchange index (PSEi) advanced 1.95 percent, or 113.37 points, to close at 5,912.69 on...
The Philippine Stock Exchange index (PSEi) rose on bargain hunting on Monday, June 1, after the steep drop over the last three trading days of the previous week. The main index added 30.56 points, or 0.53 points, to close at 5,799.32, mainly on the strength of the services sector as three sectors...
Strong global demand for electronics is helping Asian manufacturers, including those in the Philippines, weather the impact of elevated energy prices caused by the prolonged war in the Middle East, although inflationary pressures remain a concern, according to think tank Capital Economics. In a...
Inflation may have surged to as high as 7.9 percent in May, driven by soaring basic commodity prices and the weakening local currency, according to the Bangko Sentral ng Pilipinas (BSP), Amid intensifying macroeconomic headwinds, global supply shocks filter into the domestic economy, the central...
By ANGELO CAPARAS PROSPERIDAD, Agusan del Sur — The Big City remained untouchable. The National Capital Region ruled the Palarong Pambansa once again after securing its 19th straight overall championship at the conclusion of the annual grassroots tournament Sunday, May 31. NCR collected 91...
Philippine economic growth is seen falling to a new post-pandemic low of three percent this year as the lingering impacts of last year’s multi-billion-peso flood-control corruption scandal and the prolonged war in the Middle East weigh on investor and business confidence, according to think tank...
Nomura Holdings Inc., a Japanese investment and brokerage giant, has significantly downgraded its economic outlook for the Philippines as the nation struggles with energy security vulnerabilities and mounting inflationary pressures. A new report showed that Nomura has slashed its real gross...
The Philippine Stock Exchange index (PSEi) plunged on Thursday, May 28, as hopes for peace in the Middle East dimmed following fresh United States (US) strikes in Iran while the two countries’ positions remain incompatible. The main index fell by 103.3 points, or 1.73 percent, to close at...
