First Gen Corp. clarified the inclusion of “Key Man” clauses in its hydropower joint venture with Prime Infrastructure Capital Inc., dismissing descriptions of the management control provisions as a “poison pill” and asserting the terms were a requirement of its partner. The power producer...
The Philippine Stock Exchange index (PSEi) bounced on Wednesday, April 15, as news of another round of United States (US)-Iran talks led to some bargain hunting. The main index added 50.25 points, or 0.84 percent, to close at 6,063.35. Banks and services led the advance across the board. Volume...
Local equities market extended its decline on Tuesday, April 14, as escalating tensions in the Middle East and domestic political instability dampened investor appetite, offsetting otherwise positive global leads. The Philippine Stock Exchange index (PSEi) retreated 40.95 points, or 0.68 percent,...
First Gen Corp. confirmed that it faces a potential financial hit of more than ₱23 billion if Federico “Piki” Lopez is ousted from leadership, disclosing “poison pill” clauses in its partnership with ports, and gaming magnate Enrique K. Razon Jr.’s Prime Infrastructure Capital Inc. In...
The Philippine Stock Exchange index (PSEi) declined on Monday, April 13, after hopes for an early resolution of the Middle East conflict were dashed because the United States (US)-Iran talks failed and US President Donald Trump issued more threats. The main index lost 44.16 points, or 0.72 percent,...
The Philippine economy is facing its most severe test from the ongoing oil crisis, with economists warning that surging fuel costs and supply disruptions are exposing deep structural vulnerabilities and could derail growth prospects this year. In separate reports released on Friday, April 10,...
Local stocks finished marginally higher in thin trading on Friday, April 10, as investors balanced optimism from a Wall Street rally against heightened anxiety over upcoming geopolitical negotiations. The Philippine Stock Exchange index (PSEi) edged up 8.30 points, or 0.14 percent, to end the week...
The Philippine Stock Exchange index (PSEi) rallied back to the 6,000 level on Wednesday, April 8, after the United States (US) and Iran agreed to a ceasefire, which led to a drop in oil prices. The main index surged by 132.04 points, or 2.22 percent, to close at 6,089.91. Miners led the charge...
The Philippine Stock Exchange index (PSEi) inched up on Tuesday, April 7, as bargain hunting prevailed despite the impact of the higher-than-expected inflation rate on investor sentiment. The main index added 9.54 points, or 0.16 percent, to close at 5,957.87. Miners led the advance while the...
If the war in the Middle East prolongs and global oil prices continue to skyrocket, the Philippine peso could breach the ₱61:$1 level in the second quarter of 2026 and even hit as low as ₱62 to ₱64 against the United States (US) dollar. “Our base case forecasts for the US dollar-Philippine...
Renewed Houthi attacks in the Red Sea are seen aggravating oil price- and supply-driven inflation pressures in the Philippines stemming from the ongoing war in the Middle East. “While the direct effect of renewed strikes on shipping in the Red Sea on aggregate world trade is likely to be limited,...
The Philippine Stock Exchange index (PSEi) surged on Tuesday, March 31, as investors pounced on undervalued stocks following signs of easing geopolitical tensions in the Middle East and fortification of the nation’s fuel reserves. The benchmark PSEi jumped 79.45 points, or 1.35 percent, to finish...
