The local stock market rose before the week ended, boosted by hopes that inflation in the US is already coming down from its peak. The main index jumped 119.20 points or 1.93 percent to close at 6,286.77as Conglomerates and the Property sector led the rally. Volume improved to P4.92 billion as...
Stock market analysts cheered the higher-than expected Philippine economic growth in the third quarter, attributing it to the Marcos government’s decision to ease Covid restrictions which resulted in higher consumer spending and a more active economy. “Growth was able to outperform the previous...
Citing the economic and cultural significance of Pampanga's lantern-making industry, Deputy Speaker and Pampanga 3rd district Rep. Aurelio “Dong” Gonzales Jr. is seeking the declaration of the province as "Christmas capital" of the Philippines. 2012’s Ligligan Parul, photo by Ramon F...
The local stock market continued to drop despite the release of better-than-expected economic growth numbers. The main index fell 74.11 points or 1.19 percent to close at 6,167.57 although sectoral indices were evenly mixed with the Property counter leading gains while Conglomerates saw the biggest...
The local stock market declined as investors continue to wait for the outcome of US elections and the Wednesday’s GDP report. The main index dropped 47.42 points or 0.75 percent to close at 6,242.68 as the Mining and Oil index led the retreat while the Industrial and Holding Firms counters...
Cosco Capital, Inc., the listed retail holding firm of tycoon Lucio L. Co, posted a 19.7 percent growth in consolidated net income to P8.7 billion in the first nine months of 2022 from P7.27 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said its...
Stocks ease before US midterm elections The PSEi took a breather after posting strong gains in the last two sessions as investors took profit before the US midterm elections and the release of Philippine GDP figures. The main index shed 6.48 points or 0.10 percent to close at 6,289.10 as the Mining...
The local stock market slipped further after US share prices fell anew. The main index dropped 86.03 percent or 1.28 percent to close at 6,618.38 with the Mining and Oil counter leading the retreat. Volume was relatively stable at 972 million shares worth P5.67 billion as losers swamped gainers 151...
The local stock market fell amid concerns over further US rate hikes. The main index lost 159.45 points or 2.32 percent to close at 6,704.41 as Conglomerates led the retreat across the board. A total of 817 million shares worth P5.44 billion changed hands as losers trounced gainer 132 to 62 while...
Ayala Malls gathers its merchants in its bid to redefine the post-pandemic mall experience STRIKE A POSE Fernando Zobel takes a selfie with partner merchants, media guests, and Ayala Malls executives The social and economic impact of the ongoing pandemic has been devastating with the dramatic loss...
House members have made the case for the revival of the death penalty or capital punishment through the filing of several House bills (HB) in the 19th Congress. (Ye Jinghan/ Unsplash) “While it can be argued that one’s death will never commensurate his/her crimes," read HB No.501 filed by Davao...
The local stock market firmed up again after the respite in the previous session to end the week on a positive note. The main index rose 39.23 points or 0.57 percent to close at 6,863.86 as the Mining and Oil sector rallied and led gains across the board. However, volume dropped to 1.57 billion...
