The local stock market ended the last day of a volatile week almost flat despite the expected rate cut by the Bangko Sentral ng Pilipinas as investors held on to cash in case Trump pulls more surprises this week. The main index eked out a 4.62 points or 0.08 percent gain as Miners and Banks carried...
Trump’s decision to delay and reduce tariffs spurred the market to rally further, although profit-taking trimmed some gains. The Philippine Stock Exchange index (PSEi) jumped 71.48 points or 1.19 points to close at 6,077.82 on Thursday, April 10, with Miners leading the charge. Volume...
The Securities and Exchange Commission (SEC) and the Energy Regulatory Commission (ERC) are simplifying the process of raising capital through the capital market by power generation and distribution companies to support their growth and expansion. The SEC and ERC formally launched the Securing and...
The local stock market bounced back to the 6,000 level and recovered more than half the steep loss suffered in the previous day as most countries chose diplomacy over a trade war with the US. The main index surged by 183.49 points or 3.15 percent to close at 6,006.34 with Services leading the...
From left to right: Light Fuels Retail Trade Manager, Dwight Christian Jonas Villon; Vice President and Head of Commercial Fuel Trade, Alvin Lato; First Vice President and Chief Financial Officer, Atty. Constance Marie Lim, CPA; Senior Vice President and Chief Operating Officer, Brigitte...
The Securities and Exchange Commission announced that it has moved to a fully online and paperless company registration process so that applicants will no longer have to submit hard copies of physically signed or notarized documents. The Commission on April 4 issued SEC Memorandum Circular No. 3,...
The Philippine Stock Exchange index (PSEi) plunged as investors sold down shares in panic due to fears of a global trade war as countries are taking retaliatory measures slapped harsh tariff rates by the US. The Philippine benchmark fell by 261.34 points or 4.3 percent to close at 5,822.85 on...
Philippine stocks prices plunged immediately after the opening of the trading week on fears of a global trade war and possible recession. As of 10:18 this morning, the PSEi has lost 235.13 points, or 3.87 percent, at 5,849.06, with the mining and oil sector leading losses across the board. "US...
As United States (US) President Donald Trump’s tariffs will continue to weigh down global equities markets this week, the Philippine Stock Exchange will not be an exception, although traders are hoping that low valuations and a possible rate cut by the Bangko Sentral ng Pilipinas (BSP) will spur...
Local share prices fell further as investors around the world fear that Trump’s tariffs will plunge the global economy into recession. The PSEi lost 61.54 points or 1.00 percent to close at 6,084.19 with the Mining and Services counters suffering the most. Volume surged to 1.72...
The PSEi fell in a knee-jerk reaction to the higher tariffs slapped by the United States (US) on products from the Philippines. The main index lost 101.95 points, or 1.63 percent, to close at 6,145.73, with the retreat led by the services sector, while miners managed to advance as investors bought...
The Securities and Exchange Commission’s (SEC) move to relax the rule on the single business group (SBG) investment limit will benefit conglomerates with multiple listed subsidiaries, such as the SM and Ayala groups, as well as the planned initial public offering (IPO) of GCash. Under the...
