Philippine share prices continue to dive ahead of the President’s state of the nation address even as more new local cases of the Delta variant are reported. The main index fell 148.13 points or 2.27 percent to close at 6,372.61 as blue chip holding firms and banks led the sell-off. PSE-BGC-...
The local stock market gave up some of the previous day’s gains to end lower week-on-week after government reimposed stricter quarantine measures after reporting the local transmission of the Delta variant. The main index ended 55.88 points or 0.85 percent lower to close at 6,520.74, after...
The rapid acceleration of digital transactions brought on by the pandemic underlines the need for greater consumer protection. Presently, Republic Act 7394 or the Consumer Act of the Philippines, provides the legal basis for consumer protection and establishes standards of conduct for business...
The local stock market finally bounced, after its fall that started last Friday, as investors started picking up battered issues. The main index jumped 100.41 points or 1.55 percent to close at 6,576.62 as banks and holding firms led the advance across the board. However, volume fell to a thin 1.4...
Some senators on Thursday have called on the country’s banks to take responsibility for the operations of their “cash agents” to make sure that the banking public is protected, especially those who rely on “padala” or money sent by relatives to help them get by during the coronavirus...
The local market continued to plunge with the entry of the Delta variant which is making the government consider the reimposition of more stringent quarantine measures. The PSEi fell 110.99 points or 1.68 percent to close at 6,476.21 with the Financials and Industrial counters leading the bloodbath...
Uncertainties caused by COVID-19 have driven more Filipinos to save extra, but they do it without careful planning, a survey commissioned by Hong Kong-based AIA Group Limited revealed on Tuesday, July 20. Based on AIA’s Save Smarter Study 2021, the survey showed that fear and insecurity arising...
The local stock market fell as investors continued selling after news of the presence of local cases of the COVID-19 Delta variant. The main index dropped 106.63 points or 1.59 percent to close at 6,587.20 as the Property sector led in the retreat across the board. Volume improved to 2.11 billion...
Some 16 local and foreign business groups have strongly urged for the immediate enactment of the proposed Financial Consumer Protection (FCP) Act, which seeks to protect consumers amidst the growing complexity in financial services, especially digital services. In a statement the business group...
Senator Leila de Lima is urging the Senate to look into the validity of the reported planned merger of two state-owned banks—the Landbank of the Philippines (Landbank) and United Coconut Planters Bank (UCPB)—as well as into the anomalies that may arise if the government’s plan proceeds. De...
The Department of Social Welfare and Development (DSWD) has extended financial assistance to two soldiers who were wounded during separate encounters with terrorist groups in Northern Mindanao. Department of Social Welfare and Development Regional Director Mari-Flor A. Dollaga hands over financial...
The local stock market dropped on late selling on news of the local transmission of COVID-19 Delta variant towards the end of the session. The main index shed 34.10 points or 0.51 percent to close at 6,693.83 as the Mining and Oil counter plunged while the Services sector was the only index to hold...
