The Securities and Exchange Commission (SEC) is warning the public against dealing with a fake entity posing as the legitimate Philippine Investment Funds Association (PIFA) on Facebook and CT Loan Cash Loan and Credit Company. The SEC said the public should not buy into the investment scheme...
There will be another round of significant financial reprieve on the pockets of consumers next week as hefty price rollback will continue its streak at the gasoline stations next week, based on the calculation of the oil companies. As reckoned on the three-day outcome of trading in the regional...
The local stock market weakened as investors pocketed gains while wait for the announcement of the US August inflation rate. The main index dropped 39.75 points or 0.57 percent to close at 6,944.88 as the Property sector led the decline while the Services counter managed to hold its ground. Volume...
The PSEi closed flat after late selling pulled it back down from its peak well above the 7,000 resistance level. The main index end higher by just 0.38 points or 0.005 percent at 6,984.63 as half the sector indices declined. Volume was strong at 777 million shares worth P7.26 billion as gainers...
The PSEi started the week stronger and just a few points shy of 7,000 resistance level amid growing optimism spurred by better Philippine economic numbers. The main index rose by 48.16 points or 0.69 percent to close at 6,984.25 as Banks led the charge although Industrials and Miners were in the...
Global markets will be looking for cues from the release of US inflation figures this week while local equities are seen to be more volatile as it experiences a tug-o-war between improving investor sentiment at the domestic front and concerns over the weakening of the US economy. “This week, the...
Consumers will catch bigger financial break in their drive to the gas stations next week, as price rollbacks have gone heftier at end-week trading on Friday (September 6), prompting estimated price cuts for gasoline at the scale of P1.45 to P1.85 per liter. Diesel prices are also anticipated to...
The local stock market rose further as optimism generated by the lower inflation rate overcame news of weaker US equities. The main index added 28.12 points or 0.41 percent to close at 6,936.09 with Conglomerates leading the advance while the Services and Mining counters lagged behind. Volume was...
The local stock market firmed up after the August inflation rate dropped lower than expected. The main index added 25.85 percent or 0.38 percent to close at 6,907.97 but sectoral indices were still evenly divided. Volume was lower at 517 million shares worth P5.07 billion as gainers edged out...
The PSEi recovered from early losses to close flat as investors initially sold down stocks following weak US markets overnight. The main index shed just 0.8 points or 0.01 percent to close at 6,882.12 with sectoral indices evenly divided. Volume was a little higher at 653 million shares worth P5.56...
The Securities and Exchange Commission (SEC) announced that it has revoked the corporate registration of Lucky South 99 Corp. for operating a Philippine Offshore Gaming Operator (POGO) facility in Pampanga without the necessary license. The SEC’s Enforcement and Investor Protection Department...
Local share prices softened on profit-taking due to lack of fresh cues as US markets were closed while inflation numbers are not due until Thursday. The main index dropped 40.49 points or 0.58 percent to 6,882.92 as the Services sector led the retreat while Conglomerates bucked the trend....
