The Lopez Group’s First Philippine Holdings Corp. (FPH) has rejected a proposal from Kohlberg Kravis Roberts & Co. L.P. (KKR) to acquire a portion of its stake in First Gen Corp. because the price offered is not good enough. “After careful deliberation and consideration, FPH has determined that...
With the earnings season concluding on Monday, Aug. 17, local stock market investors are seen to remain cautious due to uncertainties in the Middle East, while Philippine economic growth remains sluggish and inflation is still high. Some economic data are also seen to provide some stimulus to the...
Local stocks advanced to end the week higher as in-line United States (US) inflation data eased fears of aggressive monetary tightening by the Federal Reserve, prompting investors to seek bargain shares in local equities. The Philippine Stock Exchange index (PSEi) added 9.05 points, or 0.14...
Local equities market retreated as the onset of the traditional “Ghost Month” coincided with portfolio shifts triggered by MSCI Inc.’s quarterly benchmark review and persistent local currency weakness, pushing the country’s main stock index to a one-week low. The Philippine Stock Exchange...
The Financial Executives Institute of the Philippines (FINEX) has urged the Marcos administration to implement well-targeted public spending to stimulate the economy, warning that “weak governance” further undermines investor confidence in the country. FINEX, the country’s leading group of...
The Philippine Stock Exchange index (PSEi) rose on Wednesday, Aug. 12, as investor confidence was boosted by record highs in United States (US) bourses and the positive first-half performance of domestic blue-chip companies. The main index rose by 39.75 points, or 0.63 percent, to close at...
BAGUIO CITY – Department of Social Welfare and Development (DSWD) Secretary Rex Gatchalian assured victims of the recent landslides here that the government will provide them with financial assistance. Gatchalian, along with Mayor Benjamin Magalong, personally visited the landslide area in...
Local equities climbed on Tuesday, Aug. 11, tracking improved investor sentiment after signals from the Bangko Sentral ng Pilipinas (BSP) that slower economic momentum may curb the need for further monetary tightening. The Philippine Stock Exchange index (PSEi) gained 37.68 points, or 0.6 percent,...
The Philippines needs to deepen its pool of advanced financial technology (fintech) talent, particularly in artificial intelligence (AI) and cybersecurity, despite having an established information technology and business process management (IT-BPM) sector and a large base of English-proficient...
People often ask me what the next stage of artificial intelligence (AI) adoption will look like. My answer is that we are no longer talking about AI literacy—we are beginning to see AI dependency. AI literacy is a good thing. It means knowing what AI can and cannot do: how to write effective...
The Philippine Stock Exchange index (PSEi) closed almost flat on Monday, Aug. 10, as investors waited for a catalyst while remaining wary of the country’s slow economic growth and uncertainty in the Middle East. The main index shed 1.14 points, or 0.02 percent, to close at 6,289.21. The...
The local stock market is expected to remain cautious this week as investors await key catalysts, including US inflation and retail sales data, the MSCI rebalancing, and corporate earnings, while lingering concerns over the Middle East conflict and weaker Philippine economic growth continue to...
