The Philippine Stock Exchange index (PSEi) rebounded as the surge across global markets emboldened investors to hunt for bargains in the local equity market. The PSEi jumped 80.12 points, or 1.3 percent, to close at 6,238.46 on Thursday, Aug. 20, driven by broad-based gains led by a rally in mining...
The Sy-controlled Dominion Holdings Inc. (DHI) is poised to become the biggest mining company in the Philippines through the consolidation of interests in the Tampakan copper-gold project, the largest undeveloped copper and gold deposit in Southeast Asia with an estimated gross value of as much as...
Local equities declined as the peso dropped to an all-time low against the United States (US) dollar and global oil prices advanced, stoking fears that accelerating inflation will force borrowing costs to stay elevated. The Philippine Stock Exchange index (PSEi) sank 106.36 points, or 1.7 percent,...
Local stocks finished virtually unchanged in Tuesday session, as a late-stage wave of selective bargain hunting offset lingering investor anxiety surrounding Middle East turmoil and cooling domestic economic indicators. The Philippine Stock Exchange index (PSEi) crept up 2.90 points, or 0.05...
The Philippine Stock Exchange index (PSEi) dropped in thin trades on Monday, Aug. 17, as overseas Filipino (OF) remittance growth slowed down, while United States (US) bourses weakened due to softer economic data. The main index lost 35.5 points, or 0.56 percent, to close at 6,261.80. The services...
The entry of I&C Holdings Corp.—a firm linked to Fortman Cline Capital Markets—as the second-largest shareholder of cash-strapped ABS-CBN Corp. is seen by market analysts as a strong vote of confidence in the media company’s turnaround story. “With a ₱3.5-billion commitment, investors are...
Local stocks advanced to end the week higher as in-line United States (US) inflation data eased fears of aggressive monetary tightening by the Federal Reserve, prompting investors to seek bargain shares in local equities. The Philippine Stock Exchange index (PSEi) added 9.05 points, or 0.14...
Fears that artificial intelligence (AI) could lead to massive job losses in the Philippines’ information technology and business process management (IT-BPM) industry may be overstated as the sector continues to grow despite the rapid adoption of the technology, the country’s chief economist...
Cosco Capital Inc., the listed retail holding firm of tycoon Lucio L. Co, reported a 9.2-percent growth in consolidated net income to ₱8.3 billion for the first half of 2026 from the ₱7.6 billion earned in the same period last year on the back of recovering consumer demand. “The group...
GT Capital Holdings Inc., the holding company of the Ty family, reported an 11 percent decline in consolidated net income to ₱16.41 billion for the first half of 2026 from ₱18.42 billion in the same period last year, as macroeconomic slowdown severely weakened domestic automotive demand. The...
Local equities market retreated as the onset of the traditional “Ghost Month” coincided with portfolio shifts triggered by MSCI Inc.’s quarterly benchmark review and persistent local currency weakness, pushing the country’s main stock index to a one-week low. The Philippine Stock Exchange...
The Philippines risks falling behind the artificial intelligence (AI) boom as it benefits less from the surge in AI-related electronics exports while its massive business process outsourcing (BPO) industry faces growing exposure to automation, according to think tank Capital Economics. In a report...
