The Philippine Stock Exchange index (PSEi) slid for the fourth day on Friday, Aug. 28, to end the week below the 6,000 level as MSCI rebalancing added selling pressure on investors already worried about the impact of the previous day’s policy rate hike. The main index dropped 48.25 points, or 0.8...
Equities market suffered a steep selloff, dragging the benchmark stock index to its lowest level in more than two months as investors dumped shares ahead of a rate increase by the Bangko Sentral ng Pilipinas (BSP) that was announced late in the trading day. The Philippine Stock Exchange index...
Anyone who has tried to build a business in the Philippines knows the feeling. You have decided to invest. The capital is ready. The market is there. You know exactly what needs to be built. And yet, between deciding to act and actually doing so, you face an endless queue of permits, clearances,...
Local equities extended decline as subdued medium-term growth outlook and impending monetary policy decisions kept investors on the defensive. The Philippine Stock Exchange index (PSEi) fell 53 points, or 0.86 percent, to settle at 6,137.23 on Wednesday, Aug. 26, led by a sharp retreat in the...
The Philippine Stock Exchange index (PSEi) managed to end higher on Monday, Aug. 24, as late buying capped a cautious session, with investors waiting for developments in the war between the United States (US) and Iran. The main index added 12.92 points, or 0.21 percent, to close at 6,251.38....
Philippine stock market investors will be mainly looking forward to the Bangko Sentral ng Pilipinas’ (BSP) policy meeting on Thursday, Aug. 27, while continuing to monitor the conflict in the Middle East, which has recently been causing oil prices to rise and the peso to weaken. “With no end in...
Stores Specialty Inc. (SSI Group Inc.), the Philippines’ largest luxury and specialty retailer, saw its first-half net income plunge 40 percent as aggressive operational cost expansion outpaced strong top-line sales growth. Net income for the six months through June fell to ₱273 million from...
The Philippine Stock Exchange index (PSEi) rebounded as the surge across global markets emboldened investors to hunt for bargains in the local equity market. The PSEi jumped 80.12 points, or 1.3 percent, to close at 6,238.46 on Thursday, Aug. 20, driven by broad-based gains led by a rally in mining...
There was a time early in the Marcos administration when the Philippine economy appeared to have recovered its stride. Coming out of the pandemic, growth was vigorous. But the trajectory since then tells a much less reassuring story. By the second quarter of 2026, gross domestic product (GDP)...
Local equities declined as the peso dropped to an all-time low against the United States (US) dollar and global oil prices advanced, stoking fears that accelerating inflation will force borrowing costs to stay elevated. The Philippine Stock Exchange index (PSEi) sank 106.36 points, or 1.7 percent,...
Local stocks finished virtually unchanged in Tuesday session, as a late-stage wave of selective bargain hunting offset lingering investor anxiety surrounding Middle East turmoil and cooling domestic economic indicators. The Philippine Stock Exchange index (PSEi) crept up 2.90 points, or 0.05...
The Philippine Stock Exchange index (PSEi) dropped in thin trades on Monday, Aug. 17, as overseas Filipino (OF) remittance growth slowed down, while United States (US) bourses weakened due to softer economic data. The main index lost 35.5 points, or 0.56 percent, to close at 6,261.80. The services...
