Local share prices rose Wednesday, (April 28) on bargain hunting and window-dressing. The (Philippine Stock Exchange index (PSEi) jumped 112.67 points, or 1.77 percent, to close at 6,469.14 as the Holding Firms and Property counters led gains across the board. (Photo credit:...
Local stocks weakened Tuesday, (April 27) amid indication that current lockdown measures will not be eased at the end of the month as COVID cases remain high. The Philippine Stock Exchange index (PSEi) dropped 32.92 points or 0.52 percent to close at 6,356.47 with only the Mining and Oil counter...
Share prices rose marginally amid thin trades as some investors opted to pick up cheaper stocks. The main index gained 11.32 points or 0.18 percent to close at 6,389.38 with only the Industrial and Holding Firms counters retreating. Photo credit: (https://www.pse.com.ph/) Turnover was low at 4.51...
President Duterte has formally appointed Karl Kendrick T. Chua as socioeconomic planning secretary as well as head of the National Economic and Development Authority (NEDA). One-year after serving the positions in an acting capacity, Chua is now officially the government’s chief economist and...
Contecon Guayaquil S.A. (CGSA), International Container Terminal Services, Inc. (ICTSI)’s subsidiary in Ecuador, welcomed the creation of a special economic zone at the country’s main seaport to boost foreign trade. This week, CGSA, together with national government and port authority...
The local stock market ended the week lower Friday, ( April 23) after US stocks diver overnight. The Philippine Stock Exchange index (PSEi) retreated 37.46 points, or 0.58 percent, to close at 6,378.07 with only the Financials counter holding its ground. Volume improved slightly to 2.04...
The possibility of the government opening up the local market to more imported sugar remains to be one of the major factors why the country’s local sugar production is seen not improving this year or in the next years to come. This, according to international data, has remained to be “the...
The local stock market dropped further as investors seek better opportunities in countries that are better at handling the pandemic. Photo credit: PSE file. The PSEi shed 23.86 points or 0.37 percent to close at 6,415.53 as all sub-indices fell across the board. Volume remained anemic...
Amid the prevalence of African Swine Fever (ASF), state-run lender Land Bank of the Philippines (LANDBANK) has doubled its credit commitment to the local swine industry from P15 billion to P30 billion. This, according to the bank, will help local pork producers and feed millers to repopulate and...
On condition for a reduced tariff rate proposal, the Clark Development Corporation (CDC) has finally agreed to give Clark Water Corporation (CWC) the notice to proceed with its compliance action plan (CAP). This, after the CWC, a subsidiary of Manila Water Company, Inc., agreed to CDC’s...
Local stocks dropped as investors preferred to hold on to cash during the weekend. The main index lost 45.15 points or 0.69 percent to close at 6,494.81 with the Property sector leading the retreat while the Mining and Oil counter advancing the most. Volume remained low with 6.77 billion shares...
Philippine businessmen Wednesday, (April 14) took a pause from their busy schedules to make a stand against China’s aggression in the country's territory. With that business groups rallied behind Defense Secretary Delfin Lorenzana, other government officials and various groups...
