The local stock market rallied for a second day on Wednesday, Feb. 5, on optimism that interest rates would soon be cut after January's inflation rate fell within target. The benchmark Philippine Stock Exchange index (PSEi) jumped 192.02 points, or 3.15 percent, to close at 6,281.08, led by the...
The Philippine stock market rebounded, surpassing the 6,000 mark on Tuesday, Feb. 4, after the US postponed new tariffs on imports from Canada and Mexico. The benchmark index jumped 206.02 points, or 3.50 percent, to close at 6,089.06, led by gains across the services sector. Trading volume reached...
While the local stock market is ripe for bargain-hunting after crossing the bear market line led to a steep drop last week, analysts warned that sentiment continues to be on the negative side due to macroeconomic factors here and in the US. “With four straight weeks of decline, we expect bargain...
Gen Z, the generation that grew up with smartphones and social media, is now coming of age, and their influence is being felt across all aspects of society, particularly in the realm of finance. No longer just teenagers, the oldest members of this cohort are entering their 30s, and they're bringing...
A former finance secretary has called on financial executives to utilize their expertise to ensure national resources are used to improve the lives of Filipinos, citing concerns over recent budget allocations. In a statement, Ramon R. del Rosario, Jr., PHINMA Corp. chairman and chief executive...
The local stock market dropped further after the US Federal Reserve decided not to cut interest rates due to inflation. The main index lost 45.81 points or 0.74 percent to close at 6,107.66 with Miners and Conglomerates seeing the biggest losses while Property and Services managed to advance....
JG Summit Holdings Inc., the flagship of the Gokongwei Group, has announced the shutdown of its petrochemical business, JG Summit Olefins Corporation (JGSOC), due to substantial losses incurred amid challenging market conditions. In a statement, JGSOC said, "Given persisting unfavorable market...
The local stock market fell to a 14-month low as investors turned cautious and sold off shares ahead of the Chinese New Year holiday. The main index dropped 43.41 points, or 0.70 percent, to close at 6,153.47. The services sector plunged, while the banks and industrials sectors managed to gain....
BACOLOD CITY – The Kabankalan City government has provided a total of P1 million in financial assistance to four local government units in Negros Occidental affected by the Dec. 9, 2024 eruption of Kanlaon Volcano. MOISES Padilla Mayor Ella Celestina Garcia-Yulo receives a check for P200,000 from...
The Philippine Stock Exchange (PSE) index continued its decline as investors awaited the results of the US Federal Reserve meeting and the release of Philippine economic growth figures. The main index plunged 99.32 points, or 1.58 percent, to close at 6,196.88, with the Industrial sector leading...
Stock market investors are hoping for some positive cues from the US Federal Reserve this week although both sentiment and technical indicators point downward even though share prices are already at attractive levels. Philstocks Financial Research Manager Japhet Tantiangco said “The local market...
Share prices fell despite gains in the US after the Philippine government cast doubts about meeting last year’s economic growth target. The main index dropped 82.66 points or 1.30 percent to close at 6,296.20 as Banks led the retreat with only Miners bucking the trend. Volume grew to 1.14...
