Progressive fishers’ group Pambansang Lakas ng Kilusang Mamamalakaya ng Pilipinas (Pamalakaya) on Friday, Feb. 6, warned that the country’s declining municipal fisheries production could further worsen following a court ruling that permits commercial fishing vessels to operate within the...
Local shares retreated on Wednesday, Feb. 4, as investors locked in profits ahead of inflation report, pausing a rally that had recently pushed the benchmark index above the 6,400 mark. The Philippine Stock Exchange Index (PSEi) fell 29.01 points, or 0.45 percent, to close at 6,372.95. Market...
Stocks surged on Tuesday, Feb. 3, reclaiming the 6,400 level as investors shrugged off recent volatility in favor of an optimistic growth outlook and a massive government spending plan. The benchmark Philippine Stock Exchange index (PSEi) climbed 104.88 points, or 1.67 percent, to finish at...
The Philippine Stock Exchange index (PSEi) on Monday, Feb. 2, declined as cautious investors took note of geopolitical tensions while also waiting for the release of January inflation data. The main index dropped 31.89 points, or 0.5 percent, to close at 6,297.08. Miners plunged due to the fall of...
The Philippine Stock Exchange index (PSEi) on Friday, Jan. 30, bounced and recovered most of the previous day’s losses as the lower economic growth rate may lead to another policy rate cut. The main index jumped by 105.61 points, or 1.7 percent, to close at 6,328.97. Banks surged, while miners...
Philippine stocks suffered their steepest decline in months, tracking a selloff that erased more than two percent of the benchmark index’s value after government data showed economic growth stumbled to a near five-year low. The disappointing gross domestic product (GDP) figures triggered a broad...
Yuchengco-led Rizal Commercial Banking Corp. (RCBC) plans to sell fixed-rate peso bonds as it taps the remaining ₱101 billion of its ₱200 billion debt program to fund asset growth and refinance maturing obligations. In a disclosure to the Philippine Stock Exchange, RCBC said that proceeds from...
Local stocks climbed for the second consecutive session as a strengthening peso and a narrowing trade gap bolstered investor confidence ahead of key economic growth data. The Philippine Stock Exchange index (PSEi) advanced 48.88 points, or 0.78 percent, to finish at 6,355.78 on Wednesday, Jan. 28....
Equities snapped a multi-day losing streak Tuesday, Jan. 27, as investors swooped in to pick up beaten-down shares following an upgraded growth outlook from the Asian Development Bank (ADB) and resilient export data. The Philippine Stock Exchange index (PSEi) gained 33.03 points, or 0.53 percent,...
Rizal Commercial Banking Corp. appointed long-time Ayala Group executive Alberto M. de Larrazabal a independent director as it reshuffles its board to bolster its push into digital finance. De Larrazabal, who currently serves as president and chief executive officer of real estate investment trust...
Gokongwei-led Robinsons Land Corp. is raising ₱7 billion through a private placement of its shares in RL Commercial REIT Inc., clearing the path for further asset infusions as it seeks to triple the size of its real estate investment trust. In a disclosure to the Philippine Stock Exchange, RLC...
Stocks retreated on Monday, Jan. 26, as investors pared positions ahead of fourth-quarter economic growth data, with the benchmark index slipping below a key psychological support level. The Philippine Stock Exchange index (PSEi) fell 59.39 points, or 0.94 percent, to finish at 6,273.87. The...
