The Philippine Stock Exchange Index (PSEi) bounced back as investors picked up bargains on news that COVID-19 cases in the National Capital Region seems to be easing. The PSEi rose 120.13 points or 1.66 percent to close at 7,343.96 led by the Holding Firms and Services sectors with only the Mining...
Senator Grace Poe on Monday pushed for the passage of a measure that would provide increased protection for bank account holders and consumers of other financial products. Poe made the call as her panel, the Senate Committee on Banks, Financial Institutions and Currencies, conducted a hearing on...
The local stock market ended lower on the lack of good news even as local COVID cases continue to rise to record levels. The main index dropped 37.51 points or 0.52 percent to close at 7,223.83 as Banks led the retreat although the Mining and Oil counter posted strong gains. Volume was still low at...
The National Bureau of Investigation (NBI) will pursue the filing of criminal cases against the brains behind the series of bank hacking incident that were reported in December 2021, an official of the Bangko Sentral ng Pilipinas (BSP) said on Monday. Melchor Plabasan, head of the BSP’s...
The local stock market is seen to remain volatile this week despite growing optimism over the recovery of the country’s economy amid the surge in COVID cases fueled by the Omicron variant. “Next week, we may see selling pressures take over the market following its 3.57 percent rally last week....
Pasay City Mayor Emi Calixto-Rubiano ordered the distribution of cash assistance and food packs to residents afflicted with coronavirus disease (COVID-19). Rubiano, who is recovering from COVID-19, announced in a video message that the city government prepared a P140-million emergency cash subsidy...
The local stock market dipped as investors cashed out for the weekend after the sharp gains made in the last 2 days. The main index shed 17.72 points or 0.24 percent to close at 7,290.03 as sectoral indices were evenly mixed with Banks leading the retreat while the Mining and Oil counter led...
The local stock market is seen to continue to be plagued by the rapidly rising cases of COVID-19 in the country and concern that it will again lead to the highest lockdown level. COVID-19 virus “A continuation of this (rising) trend is expected to further escalate worries over the possibility of...
The local stock market fell as investors fret over rising COVID-19 cases and as more areas are put under more stringent quarantine measures. PSEI-NEW-PHOTO-1024x683 The main index dropped 74.41 points or 1.05 percent to close at 7,011.11 as the Property sector led the retreat across the board....
The local stock market closed slightly lower after bargain hunters bought up shares late in the session. Philippine Stock Exchange index (PSEi) The main index shed 5.88 points or 0.08 percent to close at 7,085.52 although only the Holding Firms counter managed to advance while the Services sector...
The local stock market bounced back from early losses after the government announced that the inflation rate has eased. The main index rose 50.13 points or 0.71 percent to close at 7,091.40 as the Services and Financials counters led the advance while the Industrial and Property sectors retreated...
Senator Sherwin Gatchalian is now seeking a in-depth Senate probe into the online bank hacking incident and the spate of spam text messages that occurred late last year. Gatchalian, in filing Senate Resolution No. 961, said it is imperative that the Senate investigates the proliferation of...
