Further weakness is seen in the stock market this week, following the trend set last week which was marked by profit-taking and foreign selling. However, online brokerage firm 2TradeAsia.com said long term prospects appear to improve with recent developments in the Senate as well as the hope...
The local market is seen to make a healthy correction to digest strong gains made last week on the success of two COVID-19 vaccines and the surprise rate cut by the Bangko Sentral ng Pilipinas. “This week, we may see a pullback as investors book gains out of the market’s 3-week...
Dismayed over the Philippines disaster responses in the recent typhoons, Business groups have urged Filipinos to move in an efficient fashion in partnership with local government units to mitigate the impact of climate change. “We express serious concern about the state of our...
The local stock market surged past the 7,000 level as investors celebrated positive reports on breakthrough in COVID-19 vaccines. The Philippine Stock Exchange index (PSEi) leaped 349.63 points, or 5.23 percent ,to close at 7,035.48 as share prices rose across the board with the Holding Firms...
Movements in the local stock market this week will continue to be influenced by the US elections as well as the announcement of the third quarter economic performance and more corporate earnings releases. “Headlines on the US presidential race should remain a volatility churner in the corning...
To ensure stability of the financial system, the Bangko Sentral ng Pilipinas (BSP) is adopting stronger cybersecurity and digital financial supervision to support the digital transformation of all BSP-supervised financial institutions (BSFIs). “The COVID-19 pandemic has magnified our reliance on...
Why financial preparedness is vital to preparing for the inevitable Remember those days when during unplanned family reunions because of a sudden death in the family, that death itself would be the main topic? Think how many times when family members would identify and make count of those...
The local stock market surged at the start of the US elections as investors look forward to an end in the guessing game over who will lead the world’s most influential economy in the next four years. The PSEi rose 128.49 points or 2.03 percent to close at 6,464.05 as share prices rose...
All eyes will be on the outcome of the US elections this week while third quarter earnings and lingering concern over COVID-19 will provide cues at the local front. Traders work beneath an electronic ticker at the trading floor of the Philippine Stock Exchange in Bonifacio Global City...
As many as 496 employees at the Didipio gold and copper mine have lost their jobs during the first round of permanent layoff conducted by Australian-Canadian miner OceanaGold Corporation (OceanaGold). Along with the termination of direct employees, approximately 400 people working with...
The country’s international investment position (IIP) registered a higher net liability position of $15 billion in the second quarter or up by 45.5 percent compared to $10.3 billion in the first quarter this year, the Bangko Sentral ng Pilipinas (BSP) said. The BSP said this is because the total...
The local economy’s external exposure as net external liability position was better in the last quarter of 2019 at P1.7 trillion or 24 percent lower than P2.2 trillion in 2018, the Bangko Sentral ng Pilipinas (BSP) said in its first Philippine Balance Sheet Approach (BSA) report. The BSP said the...
