The local stock market is seen to continue consolidating at current levels although sentiment appears to be more bullish with the PSEi rising 1.55 percent in the first trading week of the new year. “The market has been able to maintain its position above the 6,600 level (a previous resistance)...
Dutch financial institution ING has named Jun Palanca as new country head of the Philippines, succeeding Hans Sicat who has retired on Dec. 31, 2022. Palanca re-joined ING in May 2022 as head of Wholesale Banking in the Philippines, armed with over 30 years of experience. As country head, he has...
After a healthy start this year, stocks dropped on Friday, Jan. 6, as investors took profits at the local stock market after US bourses dropped due to renewed concern over interest rate hikes. The main index fell 93.36 points or 1.38 percent to close at 6,667.97 with the Industrial counter leading...
ASILO de Molo, which caters to the elderly, is one of the beneficiaries of MORE Electric and Power Corp. in Iloilo City. (MORE Power) ILOILO CITY – Since taking over as the sole power distributor here in 2020, MORE Electric and Power Corp. (MORE Power) continues to extend financial assistance to...
Philippine Health Insurance Corporation (PhilHealth) (MANILA BULLETIN) The Philippine Health Insurance Corporation (PhilHealth) said that its current financial standing is still in a "strong" position. "We also reiterate that PhilHealth’s financial standing remains strong," the state health...
The local stock market continued to trek higher after the announcement of a favorable inflation rate for December. The main index rose 42.83 points or 0.64 percent to close at 6,761.33 as Banks led the advance while the Services and Mining counters declined. Volume improved slightly to 1.85 billion...
Local share prices surged to the 6,700 level on the second day, Jan. 4, of trading in 2023 as more investors returned to the market from the holidays. The main index jumped 132.49 points or 2.01 percent to close at 6,718.59 as the Mining and Services sectors led the rally across the board. Volume...
The local stock market is off to a good start as investors begin the 2023 with renewed optimism. The main index rose 19.62 points or 0.30 percent to close at 6,586.01 as the Mining and Oil sector led the advance while Banks and Property firms lagged behind. Volume remained thin at 2.06 billion...
The new trading year is seen to start with its traditional burst of optimism but whether this will be sustained will depend on domestic and global economic developments starting with the Philippines’ December 2022 inflation report this week. “In the last 5 years, from the previous year’s...
Despite the reopening of the Philippine economy and the resulting recovery of businesses, the year 2022 has not been kind to the local stock market. Earlier gains made on the back of the country’s improving Covid-19 situation as well as the traditional post-election rally eventually dissipated...
House Speaker Martin Romualdez and two other ranking members of the House of Representatives have given P2 million in financial assistance to evacuees in Misamis Occidental, which has been hit by floods. House Speaker Martin Romualdez (Speaker's office) This was bared by Tingog Party-list in a...
This week, trading at the local stock market, is seen to be anemic as a lot of investors are already enjoying the holidays while wary of prospects of the global economy in 2023. “For the last week of this year, a shortened one, we may see the local market move sideways as investors look forward...
