The local stock market remains bearish as its rally last week was seen as just a dead cat bounce, not based on a change in sentiment. “Inflationary pressure and geopolitical risks are starting to permeate global markets more deeply; central banks are becoming less aggressive on previously...
The peso recovered on Friday, Nov. 21, strengthening to P58.87 against the US dollar, following its recent dip to a two-year low of P59. Data from the Bankers Association of the Philippines showed that the local currency appreciated by 13 centavos from Thursday’s closing rate of P59 against the...
The local stock market dropped on concern over the weaker peso and the escalation of the war between Russia and Ukraine. The main index fell 82.88 points or 1.21 percent to close at 6,780.13 with Conglomerates leading the retreat while Miners bucked the trend. Volume fell to 605 million shares...
The peso has weakened against the US dollar for the third consecutive trading day, closing at P59 on Thursday, Nov. 21, marking its lowest value in two years. According to data from the Bankers Association of the Philippines, the peso depreciated by 0.09 centavos from Wednesday's closing rate of...
The local stock market fell on profit-taking following a strong three-day bounce. The main index lost 112.62 points or 1.61 percent to close at 6,863.01 as Conglomerates led the drop with only the Services sector managing to advance. Volume was stable at 1.37 billion shares worth P5.64 billion as...
The Securities and Exchange Commission (SEC) has been recognized as one of the world’s best employers by international standard-setting organization Investors in People (IiP). In a statement, the SEC said it received the Overseas Employer of the Year Award during a ceremony held in London, United...
The PSEi continues to rally following last week’s steep dive and is now close to the 7,000 level as the central bank said its rate cut plan is unchanged while investors are more upbeat now with US-Philippine relations under incoming President Trump. The main index surged by 172.44 points or 2.53...
The Securities and Exchange Commission (SEC) continues to empower Filipinos to make smart financial decisions as it celebrates Investor Protection Week (IPW) for the fifth year. Taking off from the International Organization of Securities Commissions’ celebration of World Investor Week in...
The Securities and Exchange Commission (SEC) has approved the merger of BDO Unibank Inc. and its wholly-owned subsidiary, The Podium Complex (formerly SM Keppel Land Inc.), with the bank as the surviving entity. In a disclosure to the Philippine Stock Exchange (PSE), the bank said the merger,...
The PSEi has risen back to the 6,800 level as investors continue picking up bargains while digesting last week’s corporate results. The main index added 41.84 points or 0.62 percent to close at 6,803.19 with the Services sector leading the advance while Conglomerates lagged behind. Volume dipped...
Local share prices rose further as investors continued to pick up bargains. The main index added 84.70 points or 1.27 percent to close at 6,761.35 as Conglomerates led the advance while Industrials, Services, and Miners declined. Volume was firm at 696 million shares worth P5.78 billion as...
ILOILO CITY – This city hosted a bilateral food exchange with Chinese chefs over the weekend, a year after being declared as a United Nations, Educational, Scientific, and Cultural Organization City of Gastronomy. CHINESE chefs from Chaozhou, China with BS Hospitality Management students...
