Local share prices fell on profit-taking following gains made last week. The main index lost 76.78 points or 1.14 percent to close at 6,649.23 as Banks led the retreat while Industrials managed to buck the trend. A total of 658 million shares worth P5.06 billion changed hands as losers beat gainers...
Stocks market investors will be looking mainly towards the US Federal Open Market Committee meeting and corporate earnings reports for cues this week even as there remains more room for bargain-hunting amid improving trading data. “The local market has already exhibited a golden cross as its...
BACOLOD CITY – A total of 617 families affected by typhoon “Egay” last year in Sagay City, Negros Occidental received financial assistance totaling P6.17 million from the National Housing Authority (NHA). MORE than 600 families receive P10,000 in financial aid each from the National Housing...
The PSEi ended the week on positive footing after Typhoon Carina finally left the country. The main index rose by 55.74 points or 0.84 percent to close at 6,726.01 led by the Property sector with only Miners in the red. However, volume remained tepid at 924 million shares worth P4.37 billion as...
Local share prices fell in the aftermath of Typhoon Carina even as sentiment was also dampened by weaker US markets. The main index lost 82.85 points or 1.23 percent to close at 6,670.27 as Miners led the drop across the board. Volume was weak at 553 million shares worth P3.98 billion as losers...
Senator Risa Hontiveros said on Wednesday, July 24 that the newly-enacted law Anti-Financial Account Scamming Act (AFASA) Law permits the government to seize and use properties of Philippine Offshore Gaming Operators (POGO) and or Internet Gaming Licensees (IGLs) involved in large-scale scams and...
The local stock market rose after President Ferdinand R. Marcos Jr.’s State of the Nation Address despite the drop in property stocks due to the announced POGO ban. The main index rose by 41.07 percent or 0.61 percent to close at 6,753.12 as Conglomerates led the advance while the Property and...
President Ferdinand R. Marcos Jr.’s decision to ban Philippine offshore gaming operations (POGOs) may have little impact on most publicly-listed property developers, but it will affect the jobs and sales of businesses supporting the industry. “POGO operations have been reduced since the...
The local stock market dropped on profit-taking, prompted partly by the withdrawal of US President Joe Biden as candidate for reelection later this year. The PSEi lost 79.64 points or 1.17 percent to close at 6,712.05 with the Services sector leading the retreat while the Property and Mining...
Sentiment at the local stock market is still seen to be buoyed by expectations of a rate cut although some stocks may be vulnerable to profit-taking following recent gains. “We continue to see a build up in positive momentum for the local bourse as it extends its rally to a fourth straight week....
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. said Saturday, July 20, that the passage of Republic Act No. 12010 or the Anti-Financial Account Scamming Act (AFASA) will give the central bank more teeth in protecting financial consumers. AFASA is a law that will curb and combat...
President Ferdinand "Bongbong" Marcos Jr. (left,) House Speaker Martin Romualdez (Speaker’s office) House Speaker Martin Romualdez has hailed the enactment of a landmark measure designed to combat economic fraud and protect citizens from financial...
