The local bourse started the week on a positive note as investors picked up cheaper stocks. The main index rose 90.79 points or 1.25 percent to close at 7,361.15 as Holding Firms led the advance although the Industrial and Mining and Oil counters lagged behind. Volume was high at 1.19 billion...
This week, investors will be taking cues from corporate earnings reports, hints on local and US policy rates, and the government’s decision on whether to further relax quarantine restrictions. “The government’s decision on the alert level restrictions in the country for the 2nd half of...
Local share prices fell after the US inflation rose and raised fears of interest rate hikes. The main index plunged 162.26 points or 2.18 percent to close at 7,270.36 as Holding Firms and Banks led the retreat although the Property sector held its ground. Volume surged to 1.93 billion shares worth...
Yuchengco-led Rizal Commercial Banking Corporation’s (RCBC) unique innovations and synergized collaborations have successfully pushed financial inclusion as it notes a five-digit growth in both transaction volume and value, through its digital platforms as of end-2021. DiskarTech, touted as the...
The local stock market declined after the resistance felt at the 7,500 triggered some profit-taking. The main index lost 69.86 points or 0.93 percent to close at 7,432.62 as the Holding Firms and Services sectors led the retreat although the Mining and Oil counter surged and Property stocks also...
64897 Tonik Financial Pte Ltd (“Tonik”), the parent company of Tonik Digital Bank in the Philippines, announced today that it closed a US$131M round of Series B equity funding. The round was led by Mizuho Bank, which is one of the largest Japanese banking groups and a Top 10 bank by assets in...
Globe Telecom Inc. posted P151.5 billion revenues in 2021, up 4 percent year-on-year (YoY), resulting in net income of P23.7 billion, the telco disclosed. Globe reported Wednesday, Feb. 9, that it netted P23.7 billion earnings, up 27 percent from its 2020 net income, due to a 2 percent increase in...
The local stock market recovered the previous day’s losses as investors took positions ahead of changes in the PSEI and MSCI. The main index rose 77.93 points or 1.06 percent to close at 7,458.23 with Holding Firms and Services sectors leading the advance while Banks lagged behind. Volume dropped...
media More than three in five or 67 percent, users of digital banking and e-wallet apps in Southeast Asia (SEA) prefer one-time-passwords (OTPs) through text (SMS) for every transaction, according to a study. A Kasperksy study "Mapping a secure path for the future of digital payments in Asia...
The PSEi started the week lower as investors reposition their investments ahead of the index recomposition while others took profit on concern over inflation. The main index dropped 76.05 points or 1.02 percent to close at 7,389.30 as Holding Firms led the retreat although Banks and Mining and Oil...
The local stock market may benefit this week from growing optimism as the economy reopens while COVID-19 cases decline although it will also take some cues from the release of economic data. After the PSEi breached the 7,300 resistance level last year, Philstocks Financial Senior Supervisor for...
The local stock market bounced back after government announced that the inflation rate dipped in January. The main index rose 73.58 points or 1.0 percent to close at 7,456.35 as the Mining and Oil index led the advanced although the Financials and Services counters lagged behind. Volume improved to...
