Local newspapers have reported an ongoing investigation into a ₱1.4 billion investment in Alternergy Holdings Corp.’s perpetual preferred shares, valued at ₱14.5 per share, under a private placement deal with Alternergy. This deal, reportedly not cleared with the Government Service Insurance...
The PSEi dropped for the third-consecutive day as investors wait for President Ferdinand Marcos Jr.’s State of the Nation Address (SONA) and also due to the weaker peso. The main index lost 33.43 points, or 0.52 percent, to close at 6,379.75. Miners led the retreat, while the services sector...
Investors are closely watching President Marcos ' State of the Nation Address (SONA) and second-quarter earnings reports, while concerns about United States (US) tariffs and recent typhoon damage weigh on sentiment. “The local market made a comeback last week, regaining its ground above the...
The Philippine Stock Exchange index (PSEi) continued its decline as investors engaged in profit-taking while anticipating news on the benchmark index 's recomposition and the President’s State of the Nation Address (SONA). “The PSEi declined, primarily driven by profit-taking from...
The local stock market declined on Thursday, July 24, driven by profit-taking after a four-day rally, as investors digested news of President Marcos’ successful negotiation for a one-percentage-point reduction in US tariffs. The Philippine Stock Exchange index (PSEi) shed 18.09 points, or 0.28...
Global Infrastructure Partners (GIP), a part of BlackRock, and one of the world’s leading infrastructure investors, is in the process of finalizing a strategic partnership with Aboitiz Equity Ventures Inc. (AEV), starting with the acquisition of a 40 percent stake in Aboitiz InfraCapital....
There’s been a lot of talk about this topic lately, to the point of misinformation. In this article, I want to present both sides – the government 's perspective and some statements from the public – to help us understand it better. First off, the public shouldn’t panic about this 20...
The Philippine Stock Exchange index (PSEi) surged on Wednesday, July 23, after the government secured a minimal reduction in United States (US) tariffs and amid hints of further local interest rate cuts. The main index jumped 106.56 points, or 1.68 percent, to close at 6,462.25, led by a strong...
We all need a Plan B—an alternative course of action for when our first choice isn’t available, viable, or possible. While a Plan B is often needed or at least preferred, there are many situations where one doesn’t exist. The first time I realized I needed a backup plan was when I was...
The Philippine Stock Exchange index (PSEi) started the week on a positive note, as investors sought bargains amid hopes that President Marcos’ team would be able to negotiate a lower tariff rate during their visit to Washington. The main index rose by 49.02 points, or 0.78 percent, to close at...
The PSEi climbed back to the 6,300 level on mild bargain hunting spurred by gains in United States (US) bourses. The main index added 8.17 points, or 0.13 percent, to close at 6,303.72. Sectoral indices were evenly split. Volume rose to 1.66 billion shares worth ₱8.43 billion, as losers...
The Philippine Stock Exchange index (PSEi) continued to weaken on Thursday, July 17, as investors worried about US President Donald Trump’s proposed tariffs and reports of his plan to change leadership at the US Federal Reserve. The main index lost 41.93 points, or 0.66 percent, to close at...
