The Philippine Stock Exchange index (PSEi) surged on Wednesday, July 23, after the government secured a minimal reduction in United States (US) tariffs and amid hints of further local interest rate cuts. The main index jumped 106.56 points, or 1.68 percent, to close at 6,462.25, led by a strong...
Amid trade tensions between Washington and Beijing, China is increasing exports to emerging markets (EMs) like the Philippines, to reroute shipments to the United States (US), think tanks said. “US tariffs appear to have given renewed impetus to Chinese producers’ efforts to export to EMs,...
The Philippine Stock Exchange index (PSEi) inched up Tuesday, July 22, as US markets reached new highs, while local investors continued to hope for an imminent rate cut. The main index added 2.95 points, or 0.05 percent, to close at 6,355.69. Mining stocks led the advancers, while Services and...
The Philippine Stock Exchange index (PSEi) started the week on a positive note, as investors sought bargains amid hopes that President Marcos’ team would be able to negotiate a lower tariff rate during their visit to Washington. The main index rose by 49.02 points, or 0.78 percent, to close at...
More Filipino workers are expected to build up their retirement funds under the Personal Equity and Retirement Account (PERA), following the enactment of the Capital Markets Efficiency Promotion Act (CMEPA). The Securities and Exchange Commission noted that, among the salient provisions of the...
The PSEi climbed back to the 6,300 level on mild bargain hunting spurred by gains in United States (US) bourses. The main index added 8.17 points, or 0.13 percent, to close at 6,303.72. Sectoral indices were evenly split. Volume rose to 1.66 billion shares worth ₱8.43 billion, as losers...
The Philippine Stock Exchange index (PSEi) continued to weaken on Thursday, July 17, as investors worried about US President Donald Trump’s proposed tariffs and reports of his plan to change leadership at the US Federal Reserve. The main index lost 41.93 points, or 0.66 percent, to close at...
The Philippine Stock Exchange index (PSEi) plunged following news of a higher United States (US) inflation rate for June. The main index fell by 121.99 points, or 1.89 percent, to close at 6,337.48 on Wednesday, July 16. Miners and conglomerates led the retreat of all sectors. Volume excluding...
Months after Razon-led Prime Infrastructure Capital Inc. (Prime Infra) moved to acquire a majority stake in the gas business of Lopez-led First Gen Corp. (FGen), both parties are now awaiting the green light from the anti-trust watchdog Philippine Competition Commission (PCC) to complete the deal....
Tycoon Lucio Co’s The Keepers Holdings Inc. (Keepers), the largest imported liquor distributor in the Philippines, is venturing into the production and export of premium local spirits through the acquisition of a 50-percent stake in the maker of Sula liqueur for ₱40 million. In a disclosure to...
The Philippine Stock Exchange index (PSEi) reversed Monday’s gains, closing down 65.57 points, or 1.0 percent, on Tuesday, July 15, at 6,459.47. Renewed concerns over US tariffs and a weaker peso weighed on the main index, with conglomerates leading a broad retreat. Volume was lighter at 1.65...
The local stock market bounced back after last week’s decline, which was a knee-jerk reaction to higher tariffs that may be imposed by the United States (US) on Philippine goods. The main index jumped 65.16 points, or 1.01 percent, to close at 6,525.04. Miners and conglomerates led the advance...
