The Philippine Stock Exchange index (PSEi) climbed back above the 6,000 threshold, shrugging off the weaker-than-expected economic growth report as investors focused on potential diplomatic breakthroughs between the United States (US) and Iran. The benchmark gauge advanced 67.06 points, or 1.1...
Reports indicate a condominium glut of 74,000 to 75,300 unsold units, an inventory that could take 5.8 to 8.2 years for the market to absorb. A similar trend is emerging in residential housing, where “For Sale” and “For Rent” signs multiply with few takers in a softening market. Why did...
Local equities rebounded as global market anxieties eased after United States (US) President Donald Trump announced a temporary pause on naval escort operations in the Strait of Hormuz, shifting Washington’s focus toward securing a peace agreement with Iran. The benchmark Philippine Stock...
AGANA, Guam – Despite being separated by thousands of kilometers, Guamanians and Filipinos are bound by a deep Pacific-Latino kinship. Centuries of Spanish and American colonization fused their faiths and flavors, while modern migration has woven their families together. This shared heritage...
The Philippine Stock Exchange index (PSEi) made a strong bounce on Monday, May 4, as bargain hunting began after more firms reported first-quarter earnings and outlooks while the United States (US) announced its plan to escort ships passing through the Strait of Hormuz. The main index jumped by...
The local stock market is seen to remain bearish this week as investors weigh lingering risks from the Middle East conflict, while awaiting key economic data including April inflation and first-quarter gross domestic product (GDP) figures. “The local market is still expected to move with a...
The Philippine Stock Exchange index (PSEi) retreated to end a shortened trading week as investors weighed the compounding risks of surging energy costs, persistent inflation, and a weakening local currency. The benchmark PSEi fell 74.25 points, or 1.26 percent, to close at 5,833.64 on Thursday,...
A number of years ago, someone very close to me confided that the chief operating officer (COO) of their company was threatening to resign. This was despite the fact that the executive was already receiving a massive salary, along with perks and compensation that would be the envy of most senior...
Filipinos who actively use digital financial platforms are significantly more likely to own bank accounts and conduct formal financial transactions, with the state-run policy think tank saying stronger digital engagement is a key driver of financial inclusion in the country even as barriers such as...
Local stocks retreated to their lowest level in five months as the peso’s plunge to a fresh record fueled anxiety that persistent inflationary pressures will force borrowing costs to stay higher for longer. The Philippine Stock Exchange index (PSEi) declined 34.36 points, or 0.58 percent, to...
The Philippine Stock Exchange index (PSEi) dropped on Monday, April 27, as investors worry over the impact of rising inflation and interest rates, which has led some conglomerates to reduce capital expenditures (capex). The main index lost 42.34 points, or 0.71 percent, to close at 5,901.15....
Local stock market is expected to remain in a bearish holding pattern this week as prolonged diplomatic deadlock in the Middle East dampens investor appetite, even as the market looks toward domestic trade data and the United States (US) Federal Reserve for direction. While local equities have...
