The Development Bank of the Philippines (DBP) needs to change its charter and triple its authorized capital from P35 billion to P100 billion to broaden its credit assistance to priority sectors. “The proposed amendments to the DBP Charter would be a boon to our efforts to undertake...
Local share prices dropped on Wednesday, (Feb. 24) as sentiment continue to be weighed down by government’s decision not to ease lockdown measures. The PSEi lost 58.72 points, or 0.86 percent, to close at 6,755.95 as all sectors weakened across the board. PSE file photo Volume rose to 36.1...
The local equities market managed to end in the green on Tuesday, (Feb. 23) after trading in negative territory most of the day as investors started picking up cheaper stocks. The Philippine Stock Exchange index (PSEi) inched up 4.33 points, or 0.06 percent, to close at 6,814.67 with...
Local share prices bounced Friday (Feb. 19) from recent losses as investors started to pick up bargains ahead of the weekend. The main index rose 76.77 points or 1.12 percent to close at 6,926.41 as the Holding Firms and Mining and Oil counters led gains across the board. A total of...
The local stock market fell Thursday, (February 18) as investors are jittery over developments here and overseas. The PSEi lost 116.79 points or 1.68 percent to close at 6,849.64 although the Financials and Mining and Oil counters advanced. Volume dropped to 16.62 billion shares worth...
The local stock market gave up most of the previous day’s gains Wednesday, (Feb. 17) as investors went back to selling mode. The main index fell 77.63 points or 1.1 percent to close at 6,966.43 as all counters retreated, led by the Financials and Property sectors. Volume remained high at...
The local stock market bounced back to the 7,000 level as global stocks rallied. The PSEi hiked 84.85 points or 1.22 percent to close at 7.044.06 as sub-indices rose across the board. A hefty 21.86 billion shares worth P18.16 billion changed hands as gainers beat losers 122 to 89 with 54...
SM Prime Holdings, Inc. (SM Prime), one of the leading integrated property developers in Southeast Asia, reported a P18.0 billion consolidated net income for 2020 versus P38.1 billion in the previous year. In a disclosure to the Philippine Stock Exchange, the firm said its consolidated revenues...
Mining operations within the Marikina River Basin should not be blamed for the massive flooding that engulfed some parts of Marikina and Rizal province during the onslaught of Typhoon Ulysses, the deadliest and most destructive typhoon to hit the country in 2020. This was indicated in the recent...
The stock market weakened as investors continued to pocket gains while waiting for more cues to buy up stocks. Photo credit: https://www.pse.com.ph The main index dropped 31.8 points or 0.45 percent to close at 6,959.21 with only the Financials and Mining and Oil counters holding their...
The National Economic and Development Authority (NEDA), the country's chief economic development planner, said the country needs to strike a better balance in managing the health and economic threats, particularly in Metro Manila where almost a quarter of its population suffer from hunger. Acting...
The local stock market fell as investors turned less bullish on the eve of the new year of the Ox. The main index dropped 91.14 points or 1.29 percent to close at 6,991.01 with only the Financials and Mining & Oil counters holding their ground. Volume climbed to 22.92 billion shares worth...
