Local equities fell for a fourth consecutive day, tracking a global retreat in risk assets after United States (US) President Donald Trump escalated trade tensions with fresh round of tariff threats against European allies to pressure the sale of Greenland. The Philippine Stock Exchange index...
The Philippine Stock Exchange index (PSEi) started the week lower as investors took profits from recent gains, as expected. The main index dropped 26.89 points, or 0.42 percent, to close at 6,437.78 on Monday, Jan. 19. Banks led the retreat, although the services sector advanced, while the...
Infrastructure projects, including airport developments, should be implemented properly so that it would immediately benefit Filipinos, President Marcos said. "Gawin ninyo itong pamantayan para sa ating serbisyo sa mga residente at sa ating mga turista. Tiyakin natin naisasagawa nang maayos ang mga...
Local stocks edged lower Friday, Jan. 17, as investors locked in gains from a recent rally, pressured by weakening peso and seasonal dip in money sent home by Filipinos working abroad. The Philippine Stock Exchange index (PSEi) slipped 22.86 points, or 0.35 percent, to settle at 6,464.67. While the...
The Philippine Stock Exchange index (PSEi) rebounded sharply on Thursday, Jan. 15, as investors bet on looming interest rate reduction by the central bank and digested an optimistic medium-term growth outlook from the World Bank. The main index climbed 97.72 points, or 1.53 percent, to finish at...
The Department of Public Works and Highways (DPWH) reopened a collapsed section of the Bukidnon-Davao highway in Sitio Kipolot, Barangay Palacapao, Quezon, Bukidnon, on Wednesday, Jan. 14. DPWH Secretary Vince Dizon said the 460-meter gravel road is now at least 90 percent complete. The reopening...
Profit-taking continued to pull down the Philippine Stock Exchange index (PSEi) as sentiment was weighed down by the weaker peso, which fell to a new record low of ₱59.44 versus the United States (US) dollar on Wednesday, Jan. 14. The main index dropped 18.95 points, or 0.3 percent, to close at...
The Philippine Stock Exchange index (PSEi) rose on Tuesday, Jan. 13, as investors used the double-digit decline in foreign direct investment data as catalyst to lock in gains following a three-day rally. The benchmark index fell 11.2 points, or 0.17 percent, to finish at 6,408.76. While the retreat...
More than 16,000 new classrooms are set to rise across high-need areas nationwide after the Department of Education (DepEd) secured government approval for a P105.7-billion public-private partnership (PPP) project— a major infrastructure push expected to ease chronic overcrowding and directly...
TAGAYTAY CITY, Cavite — Saying that it is a critical time for public servants, with trust in institutions fragile and citizens closely watching not only government promises but actual delivery, the head of the Development Academy of the Philippines (DAP) urged government scholars to become...
The Philippine Stock Exchange (PSE) extended its winning streak to open the week as investors increased bets that a looming pivot toward monetary easing will catalyze domestic economic growth. The PSE Index climbed 71.82 points, or 1.1 percent, to finish at 6,419.96 on Monday, Jan. 12. The move...
The Philippine Stock Exchange index (PSEi) closed the week in the green as investors continued to buy up shares amid upbeat economic forecasts as well as increased foreign buying. The main index added 27.47 points, or 0.43 percent, to close at 6,348.14 on Friday, Jan. 9. Services still led the...
