Concern over the surge in COVID cases will be foremost in the minds of stock market investors this week, although the government is also set to release data on remittances and balance of payments. “While we may see some bargain hunting in the early part of this week following last Friday’s...
The pandemic lockdowns wrought havoc on PT&T Corporation's micro, small and medium enterprise (SME/MSME) clients although the telco managed to boost revenues by seven percent to P221 Million in the first half of 2021 versus the same period last year as its subscriber base modestly increased 15...
Local share prices plunged as foreign investors dumped stocks ahead of the effectivity of the new PSEi composition next week. The main index fell 236.38 points or 3.61 percent to close at 6,320.19 after the Holding Firms counter lost 5.21 percent. Only the Financials sector managed to hold its...
The local stock market fell after the MSCI index rebalancing as well as due to concern over rising COVID cases. The main index lost 110.29 points or 1.65 percent to close at 6,556.57 as thr Property and Holding Firms counters led the retreat with only the Mining and Oil sector managing to advance....
The local stock market rose on the back of gains in the US as well as positioning ahead of the rebalancing of the MSCI ( Morgan Stanley Capital International), which measures the performance of the large and mid cap segments of the Philippines market. The main index advanced 43.63 points or 0.66...
The local stock market dipped despite the report of a stronger than expected gross domestic product (GDP) for the second quarter as investors fret over the impact of the lockdown in the second semester. The main index shed 9.34 points or 0.14 percent to close at 6,623.23 with sectoral indices...
The local stock market opened the week on a high note following gains in the US last Friday and in anticipation of better economic data to be announced on Tuesday. The main index jumped 92.66 points or 1.42 percent to close at 6,632.57 as the Property sector surged 3.65 percent while the Mining and...
Presidential spokesman Harry Roque credited President Duterte for the Philippines’ biggest medal haul in the 2020 Tokyo Olympics that saw Filipino athletes coming home with its first-ever gold medal, two silver medals, and one bronze medal. Team Philippines at the Tokyo Olympics (Philippine...
The Muntinlupa City government announced Monday that it will use the mobile wallet app GCash in the distribution of the national government's “ayuda” or financial assistance. “For the expected distribution of ‘ayuda’ for affected Muntinlupa residents under ECQ , the local government will...
Metro Manila mayors are already preparing for the distribution of the enhanced community quarantine (ECQ) financial assistance which they have agreed to start on Wednesday. According to Quezon City Mayor Joy Belmonte, local chief executives of the National Capital Region (NCR) decided to begin the...
Distribution of the enhanced community quarantine (ECQ) cash aid in Metro Manila will begin Wednesday (Aug. 11), Parañaque City Mayor and Metro Manila Council (MMC( Chairman Edwin Olivarez said Monday. (DSWD) The MMC chairman said the start of ayuda distribution in all 16 cities and one...
The payouts for the cash assistance for affected individuals in the National Capital Region (NCR) are “yet to be set” by the Local Government Units (LGUs), the Department of Social Welfare and Development (DSWD) clarified on Saturday, Aug. 7. (ALI VICOY / MANILA BULLETIN FILE PHOTO) DSWD,...
