The PSEi bounced back after Iran made only a token response to the United States (US) bombing of its nuclear facilities and the US announced a ceasefire, although investors’ relief eventually gave way to caution and trimmed intra-day gains. The main index rose by 74.47 points, or 1.2 percent, to...
After hitting a nearly three-month low in the previous day, the peso rebounded against the United States (US) dollar, influenced by a tentative ceasefire between Iran and Israel, which pushed global crude oil prices to near two-week lows. Data from the Bankers Association of the Philippines (BAP)...
The Philippine Stock Exchange index (PSEi) plunged in a knee-jerk reaction to the United States’ (US) bombing of Iran’s nuclear facilities, as this may lead to further escalation in the conflict and fuel more oil price hikes. The main index fell by 121.49 points, or 1.92 percent, to close at...
With no major economic data scheduled for release this week, the local stock market is expected to remain weighed down by the ongoing conflict between Israel and Iran and the inflationary effects of its impact on oil prices. Philstocks Financial Research Manager Japhet Tantiangco said the local...
The Securities and Exchange Commission has issued new rules requiring financing and lending firms to have landline numbers and fixed addresses to which they can be reached to ensure accountability and their legitimacy. Under the new rules, the name of the company and its address must match those...
The Philippine stock market ended the week lower, as investors worried about the inflationary effects of higher oil prices due to the Israel-Iran conflict, coupled with a weaker peso. The main index shed 17.24 points, or 0.27 percent, to close at 6,339.77 on Friday, June 20. The Industrial sector...
Local stocks rose as investors anticipate a rate cut by the Bangko Sentral ng Pilipinas, which is seen to lower the cost of money and boost consumer and corporate spending. The main index added 19.58 points or 0.31 percent to close at 6,357.01 on Thursday, June 19, as Banks led the advance while...
Ayala Corp., the country’s oldest conglomerate, has successfully raised ₱20 billion from the issuance of preferred class “B” shares, which it listed on the Philippine Stock Exchange (PSE) on Thursday, June 19. The Zobel-led firm said in a statement that the offering attracted substantial...
The PSEi dropped amid see-saw trading this week—volatility is being fed by the Israel-Iran conflict even as investors wait for word from the United States (US) and Philippine central banks, which will hold policy meetings this week. The main index lost 31.76 points, or 0.5 percent, to close at...
The Philippine Stock Exchange, Inc. (PSE) and the Commission on Filipinos Overseas (CFO) have signed a Memorandum of Understanding to jointly undertake programs that will help overseas Filipinos become active participants in the Philippine capital markets. PSE President and CEO Ramon S. Monzon...
The Philippine Stock Exchange index (PSEi) recovered the previous day’s loss on more substantial remittance numbers as well as hopes that the Israel-Iran conflict will de-escalate. The main index added 10.61 points or 0.17 percent to close at 6,3699.19. Industrials led the advance while Banks...
The Securities and Exchange Commission (SEC) has vowed to further strengthen its efforts to combat money laundering and terrorism financing in the corporate sector following the Philippines’ exit from the European Commission’s (EC) list of high-risk jurisdictions for financial crimes. “The...
