President Marcos on Tuesday, Jan. 30, vowed to promote people-to-people relations, especially in the fields of education, tourism, and culture, with Vietnam as he marked the second day of his state visit there. (From left) President Ferdinand 'Bongbong' Marcos Jr. with Vietnamese Prime...
The local stock market lost ground as investors held on to cash while waiting for economic news here and overseas. The main index dropped 55.41 points or 0.83 percent to close at 6,630.68 with the Mining and Oil sector leading the retreat. Volume was thin at 303 million shares worth P4.22 billion...
This week, local stock market investors will be taking cues from the US Federal Reserve meeting as well as Philippine fourth quarter gross domestic product (GDP) data. “Investors face an eventful trading week that could determine whether the local index finally breaks out of the strong resistance...
The Philippine Stock Exchange (PSE) is again making some changes in its indices starting Feb. 5, 2024, while amending its rules to clarify when stakes of pension funds in public companies are no longer part of the public float. The benchmark 30-stock PSE index and sectoral indices will remain the...
The local stock market ended the week on a positive note following the release of better-than-expected economic growth numbers in the US. The main index added 12.59 points or 0.19 percent to close at 6,686.09 although sectoral indices were evenly divided. Volume surged to 2.88 billion worth P13.58...
The Securities and Exchange Commission (SEC) and the Office of the Special Assistant to the President for Investment and Economic Affairs (OSAPIEA)) are working closely together to advance various reforms to encourage capital raising and investing in the capital markets, and improvements on ease of...
The local stock market took a breather after a three-day rally while investors wait for US economic data. The main index shed 6.46 points or 0.10 percent to close at 6,673.50 as the Mining and Oil sector continued to drop while Banks and Industrials stayed in the green. Volume was low at 684.77...
The local stock market continued to regain lost ground, rising for the third day on the optimistic outlook for remittances. The main index rose 58.08 points or 0.88 percent to close at 6,679.96 as Banks led the rally although Miners lagged behind. Volume also improved to 343 million shares worth...
The PSEi returned above the 6,600 level as investor sentiment was boosted by the rise in US stocks. The main index added 38.41 points or 0.58 percent to close at 6,621.88 as the Property counter led the advance across the board. Volume inched up to 775 million shares worth P4.76 billion as gainers...
The local stock market is seen to be volatile in the next few weeks while investors wait for the US Federal Reserve meeting at the end of January although general sentiment remains positive amid expectations of rate cuts later this year. “The first US Fed meeting is scheduled for January 30- 31....
The Securities and Exchange Commission (SEC) has ordered Infinity8Networks Digital Services OPC and related entities to stop illegally soliciting investments from the public. In an order dated Jan. 16, the Commission En Banc directed Infinity8Netoworks to immediately cease and desist from further...
The Securities and Exchange Commission (SEC) has issued a cease and desist order against MFT Group of Companies Inc. and Foundry Ventures I Inc. for alleged illegal solicitation of investments from the public. In an order dated Jan. 16, the Commission En Banc directed the MFT Group and Foundry...
