The local stock market bounced from the previous day’s drop as funds adjusted their portfolio after the MSCI rebalancing. The main index added 34.0 points or 0.50 percent to close at 6,876.79 as the Industrial sector led the advance while the Services counter retreated. Volume amounted to 824...
The Makati City local government announced on Friday, Feb. 10, that it has distributed P19 million worth of financial assistance to its sister localities devastated by Typhoon Paeng in October last year and the 7.0 magnitude quake that hit Abra in July. According to Makati City Mayor Abby Binay,...
Local share prices dropped again on concern over inflation and the possibility of more interest rate hikes by the US Federal Reserve and the Bangko Sentral ng Pilipinas. The main index fell by 80.29 points or 1.16 percent to close at 6,842.79 with the Industrial sector leading the retreat. Volume...
The local stock market regained some lost ground as investors were cheered by higher US stocks after the Fed cited lower consumer prices. The main index rose by 41.82 points or 0.61 percent to close at 6,923.08 as the Mining and Oil sector led the advance while Conglomerates lagged behind. Volume...
Sun Life Grepa Financial, Inc. has encouraged Filipinos to financially secure their future, as recent global index ranked the Philippines as the second worst retirement countries in the world. Richard S. Lim, Sun Life Grepa president said relying solely on government pension will not be enough...
Local share prices dropped further after the government announced a higher-than-expected inflation rate for January. The main index lost 55.35 points or 0.80 percent to close at 6,881.26 with the Services sector seeing the biggest drop while Conglomerates and Miners managed to advance. Volume...
Globe Telecom Inc. ended 2022 with ₱158.0 billion consolidated service revenues, a modest 4 percent increase year-on-year, resulting in net income of ₱34.6 billion or 46 percent higher than 2021. In a disclosure to the Philippine Stock Exchange on Tuesday, Feb. 7, Globe noted that the year 2022...
Local share prices fell ahead of the release of the January inflation report and amid concern over further US rate hikes. The main index dropped 90.77 points or 1.29 percent to close at 6,936.61 with the Services sector leasing the retreat across the board. Volume was a hefty 1.24 billion shares...
GEN. LUNA, Quezon -- A total of 985 scholars received financial aid from the local government unit (LGU) under Bayanihan para sa Kinabukasan ng Kabataan (BKK) program for college students on Sunday, Feb. 5, here. The payout, which covers the first semester of 2023, was undertaken by General Luna...
The local stock market will be steered by the release of corporate earnings and the January inflation report this week as investors look for signs on how the Philippine economy will be faring this year. “This week, investors are expected to take cues from the Philippines’ January consumer price...
The PSEi rose back to the 7,000 level in late bargain-hunting following a week of steep falls and a strong bounce. The main index added 41.19 points or 0.59 percent to close at 7,027.38 as the Property sector led the advance while the Mining and Services counters declined. Volume jumped to 1.9...
The PSEi weakened after the US Federal Reserve announced an expected rate cut which prompted investors to sell rate-sensitive stocks. The main index dropped 49.57 points or 0.70 percent to close at 6,986.19, weighed down by Conglomerates and Property firms while more sectors advanced. Volume...
