The Philippine Stock Exchange index (PSEi) rallied on bargain hunting following Monday’s steep selloff, with a stronger peso and improved manufacturing data buoying investor sentiment. The main index rose 38.98 points, or 0.67 percent, to close at 5,867.04 on Tuesday, Nov. 4. Sectoral indices,...
The Philippine Stock Exchange index (PSEi) crashed to its lowest level in three years, wiping out gains amid a market-wide panic triggered by persistent inflation fears and weaker-than-expected economic performance. The main index fell by 101.62 points, or 1.71 percent, closing the session at...
Despite prevailing market uncertainties, Investment & Capital Corp. of the Philippines (ICCP) remains cautiously optimistic and projects a potential rebound in the Philippine Stock Exchange index (PSEi) to the 6,300 to 6,400 range over the coming six months. ICCP President and Chief Operating...
Volatility in the peso-dollar market will persist as long as no concrete actions are taken to address the political uncertainties that have seeped into the financial markets. This uncertainty will eventually impact the country’s potential for economic growth. Yes Virginia, our dear local currency...
The Philippine Stock Exchange Index (PSEi) dropped after a two-day reprieve as investors weighed concerns over inflation and gross domestic product figures due for release next week. The benchmark gauge fell 34.09 points, or 0.57 percent, to close at 5,929.68 on Thursday, Oct. 30. Banks led the...
The local stock market improved on Wednesday, Oct. 29, after the peso strengthened while expectations of a United States Federal Reserve (US Fed) rate cut also boosted sentiment. The main index added 10.61 points, or 0.18 percent, to close at 5,963.77. Miners led the advance, while property and...
The Philippine Stock Exchange index (PSEi) edged higher as bargain hunters bought shares that had dropped in the past two trading sessions. The benchmark PSEi added 19.40 points, or 0.33 percent, to close at 5,953.16 on Tuesday, Oct. 28. Sectoral indices were mixed, with the banking gauge posting...
The Philippine Stock Exchange index (PSEi) fell further on Monday, Oct. 27, on the weakness of the peso as well as lower market liquidity due to the giant Maynilad Water Services Inc. initial public offering (IPO). The main index dropped 52.46 points, or 0.91 percent, to close at 5,933.76. Miners...
GT Capital Holdings Inc. (GT Capital) has signed a memorandum of agreement (MOA) with Ateneo de Manila University (ADMU) to put up a new Ateneo campus at Riverpark, a township of wholly owned subsidiary Federal Land Inc. in General Trias City, Cavite. In a disclosure, GT Capital said the new...
Ports, gaming, and infrastructure magnate Enrique K. Razon Jr. has found a buyer for his casino in South Korea, Jeju Sun Hotel & Casino, which is owned through an indirect subsidiary of Bloomberry Resorts Corp. In a disclosure to the Philippine Stock Exchange (PSE), Bloomberry said its South...
American private equity firm I Squared Capital has expressed openness to participate and invest in the country’s growing data center industry, but only after the government introduced data reforms seen boosting the sector’s demand. I Squared Capital Chairman Sadek Wahba said data centers are...
President Marcos has welcomed the continued investment of global infrastructure firm I Squared Capital in the Philippines, underscoring the country’s strengthened reputation as a competitive and reliable investment destination. In his message, delivered by Special Assistant to the President for...
