Philippine shares ended the week higher and breached the 6,900 resistance level as investors become cautiously optimistic. The main index rose 32.08 points or 0.47 percent to close at 6,907.79 as the Financials sector led the advance while only the Mining and Oil counter retreated. Volume improved...
The Parañaque Integrated Terminal Exchange (PITX) has opened up new routes to the Bicol region even as several local government units (LGUs) have begun to ease restrictions for travelers who are deemed safe from coronavirus disease (COVID-19) infection. (Photo from Parañaque Integrated...
The local stock market ended slightly lower as the PSEi has hit its resistance level. The main index shed 3.74 points or 0.05 percent to close at 6,898.80 although only the Financials and Property counters retreated while the Services sector led advancers. Volume fell to 3.06 billion shares worth...
The Securities and Exchange Commission (SEC) is supporting moves to amend Republic Act No. 1405, or the Secrecy of Bank Deposits Law, to reinforce the country’s fight against money laundering, terrorist financing, tax evasion and other financial crimes. The amendments put forward under House Bill...
The Metropolitan Manila Development Authority (MMDA) launched on Thursday, June 10 a waste diversion initiative wherein metro residents can trade in their trash for groceries. MMDA Chairman Benhur Abalos (extreme left) speaks during the MMRF launch on Thursday, June 10. (Photo from MMDA) "We hope...
The Philippine stock market rose as investors returned to the market with the start of vaccination for essential workers whle recent economic data was not as bad as expected. The main index jumped 92.82 points or 1.36 percent to close at 6,902.54 as share prices rose across the board led by the...
Local shares prices rose despite the higher jobless rate as investors opted to pick up bargains. The PSEi increased 45.80 points or 0.68 percent to close at 6,809.72 as the Property sector leading the advance while only the Mining and Oil counter weighing down the market. Volume improved slightly...
The Securities and Exchange Commission (SEC) has approved Energy Development Corporation’s plan to offer up to P15 billion worth of fixed-rate ASEAN green bonds. In its meeting on June 8, the Commission En Banc resolved to render effective the registration statement of EDC covering securities...
Local share prices eased as some investors took profit while most stayed on the sidelines at the start of the week. The PSEi dropped 32.42 points or 0.48 percent to close at 6,763.92 with only the Mining and Oil and Industrial counters staying in the green. Volume fell to 1.86 billion shares worth...
Investors in the local stock market will be closely watching the COVID numbers after the easing of quarantine measures in the nation’s capital while also waiting for the release of employment this week. “Next week, the local market may decline if our country’s COVID-19 situation further...
The local stock market barely moved Friday, (June 4) after the government’s announcement of the inflation rate for the month of May. The main index inched up 4.47 points or 0.07 percent to close at 6,796.34 as sectoral indices were evenly mixed with Banks leading advancers and Mining stock...
The local stock market declined as investors stepped on the brakes to pocket some gains from the surge in past days. The main index dropped 49.82 points or 0.73 percent to close at 6,791.87 as the Property sector led the retreat although the Mining and Oil counter posted strong gains while the...
