Thanks to higher ore export prices, listed mining firm Nickel Asia Corporation has booked a surge in its income last year despite the COVID-19 lockdown restrictions. In a regulatory filing, Nickel Asia informed the Philippine Stock Exchange (PSE) that it reported an attributable net income (net of...
Local share prices rose on continued bargain hunting on the back of gains in the US bourses overnight. Photo credit: PSE Information Desk The main index advanced 41.49 points or 0.61 percent to close at 6,808.32 with only the Financials and Mining and Oil counters retreating. A total of 9.14...
The local stock market managed to eke out a small gain as investors picked up some bargains while remaining wary of rising COVID cases. The main index inched up 9.91 points or 0.15 percent to close at 6,766.83 with only the Property sector in the red. Volume jumped to 5.9 billion shares worth...
The local stock market fell as the number of new COVID cases surged while foreign investors shift funds to the US. The PSEi plunged 125.45 points or 1.81 percent to close at 6,756.92 as bank stocks led the drop across the board. A total of 7.2 billion shares worth P9.85 billion changed hands as...
The local stock market posted more gains despite losses in overseas markets after early profit-taking eventually petered out. The PSEi improved by 23.22 points or 0.34 percent to close at 6,942.76 although only the Financials and Holding Firms counters advanced. Volume surged to 221.53 billion...
The local stock market advanced for the third straight session Tuesday, (March 2), on optimism over the arrival of vaccines. The Philippine Stock Exchange index (PSEi) gained 46.57 points, or 0.68 percent, to close at 6,919.54 although sectoral indices were evenly mixed. Volume improved to 126.72...
The Securities and Exchange Commission (SEC) has launched its online payment system Monday, (March 1) to make it faster, more convenient, and secure when paying registration and other transaction fees. In a statement, the Commission said the newly developed SEC Payment Portal is a web-based...
The local stock market is seen to remain volatile this week due to the upcoming release of earnings results of some index heavyweights as well as the inflation figure for February. “Inflation expectations are expected to be one of the main drivers of the market ahead of the release of the...
The Securities and Exchange Commission (SEC) announced that it has joined the Global Financial Innovation Network (GFIN), in line with its commitment to supporting the development of the Philippine capital market and overall financial sector. Formally launched in 2019, the Global Financial...
Real estate giant Ayala Land Inc. posted a 74 percent drop in net income to P8.7 billion last year from P33.2 billion in 2019 but is increasing capital expenditures as it is optimistic of a recovery in 2021. In a media briefing, ALI President and CEO Bernard Vincent O. Dy said the firm endured...
The Securities and Exchange Commission (SEC) has approved Aboitiz Power Corporation’s planned issuance of fixed-rate bonds worth up to P30 billion. The SEC said AboitizPower may issue the debt securities in one or more series within three years. For the first tranche, the listed...
The Securities and Exchange Commission (SEC) announced its fifth legal victory in an ongoing crackdown on predatory lending, after a regional trial court convicted the incorporators and directors of Naurasidhu55 Lending and Trading Corporation. In a statement, the SEC...
