The local stock market declined after the resistance felt at the 7,500 triggered some profit-taking. The main index lost 69.86 points or 0.93 percent to close at 7,432.62 as the Holding Firms and Services sectors led the retreat although the Mining and Oil counter surged and Property stocks also...
64897 Tonik Financial Pte Ltd (“Tonik”), the parent company of Tonik Digital Bank in the Philippines, announced today that it closed a US$131M round of Series B equity funding. The round was led by Mizuho Bank, which is one of the largest Japanese banking groups and a Top 10 bank by assets in...
Globe Telecom Inc. posted P151.5 billion revenues in 2021, up 4 percent year-on-year (YoY), resulting in net income of P23.7 billion, the telco disclosed. Globe reported Wednesday, Feb. 9, that it netted P23.7 billion earnings, up 27 percent from its 2020 net income, due to a 2 percent increase in...
The local stock market recovered the previous day’s losses as investors took positions ahead of changes in the PSEI and MSCI. The main index rose 77.93 points or 1.06 percent to close at 7,458.23 with Holding Firms and Services sectors leading the advance while Banks lagged behind. Volume dropped...
media More than three in five or 67 percent, users of digital banking and e-wallet apps in Southeast Asia (SEA) prefer one-time-passwords (OTPs) through text (SMS) for every transaction, according to a study. A Kasperksy study "Mapping a secure path for the future of digital payments in Asia...
The PSEi started the week lower as investors reposition their investments ahead of the index recomposition while others took profit on concern over inflation. The main index dropped 76.05 points or 1.02 percent to close at 7,389.30 as Holding Firms led the retreat although Banks and Mining and Oil...
The local stock market may benefit this week from growing optimism as the economy reopens while COVID-19 cases decline although it will also take some cues from the release of economic data. After the PSEi breached the 7,300 resistance level last year, Philstocks Financial Senior Supervisor for...
The local stock market bounced back after government announced that the inflation rate dipped in January. The main index rose 73.58 points or 1.0 percent to close at 7,456.35 as the Mining and Oil index led the advanced although the Financials and Services counters lagged behind. Volume improved to...
The local stock market weakened as investors took profits following the release of lower manufacturing data. The PSEi lost 76.22 points or 1.02 percent to close at 7,382.77 as the Property and Industrial sectors led the retreat across the board. Volume declined to 1.69 billion shares worth P6.75...
Open banking transforms the customer experience in ways that have never been before. Financial inclusion is rising. In 2017, 23 percent of Filipino adults had bank accounts. Fast forward to 2021, it jumped to 53 percent. The ideal is that people, regardless of net worth,...
The local stock market continued to rise on the back of gains in the US and the easing of quarantine restrictions in the National Capital Region. The main index rose 97.34 points or 1.32 percent to close at 7,458.99 as the Property sector led the advance although the Industrial counter retreated....
The Senate unanimously approved on third and final reading the bill seeking to amend certain sections of the Philippine Deposit Insurance Corp. (PDIC) Charter, and make it an attached agency of the Bangko Sentral ng Pilipinas (BSP). Voting 23-0-0, the Senate passed during its hybrid plenary session...
