Local equities snapped a three-day losing streak on Tuesday, March 17, as investors engaged in selective bargain hunting, though gains remained capped by persistent anxiety over geopolitical tensions and the trajectory of interest rates. The Philippine Stock Exchange index (PSEi) advanced 19.46...
Yuchengco-led Rizal Commercial Banking Corp. (RCBC) shuttered the public offer for its three-year ASEAN sustainability bonds ahead of schedule as investors swarmed the debt sale. In a disclosure to the Philippine Stock Exchange on Tuesday, March 17, the bank said that it shortened the offer period...
Local stocks retreated for a third consecutive session on Monday, March 16, briefly sliding below the critical psychological threshold as the escalating conflict in the Middle East pressured the local currency and fueled concerns over imported inflation. The Philippine Stock Exchange index (PSEi)...
Local stocks retreated as the resurgence in global crude oil prices and the weakening peso soured investor sentiment, overshadowing gains in the conglomerate sector. The Philippine Stock Exchange index (PSEi) dropped 44.75 points, or 0.73 percent, to finish at 6,113.58 in Manila. While the services...
Rizal Commercial Banking Corp. (RCBC), the financial services arm of the Yuchengco group, has set the interest rate and started the public offer for its fixed-rate, peso-denominated series G Association of Southeast Asian Nations (ASEAN) sustainability bonds due 2029 to raise at least ₱5 billion....
Local stocks climbed for a second consecutive session as investors scooped up beaten-down shares, tracking the broader shift in sentiment fueled by expectations of a massive release of global oil reserves. The Philippine Stock Exchange index (PSEi) advanced 31.67 points, or 0.52 percent, to finish...
Rizal Commercial Banking Corp. (RCBC) expects its credit card business to sustain a double-digit expansion this year as the lender pivots toward the premium market to capture a larger share of the country 's wealthiest spenders. Arniel Vincent B. Ong, RCBC Credit Cards president and chief...
The Philippine Stock Exchange index (PSEi) staged a sharp recovery on Tuesday, March 10, clawing back a significant portion of the previous session’s losses as retreat in global oil prices bolstered investor appetite for risk. The benchmark PSEi advanced 110.44 points, or 2.01 percent, to finish...
The local stock market lost ₱671.7 billion in market capitalization on Monday, March 9, as the benchmark Philippine Stock Exchange Index (PSEi) plunged to the 6,000 level after the Iran war fueled a surge in oil prices while the peso plunged to a new record low. Philippine Stock Exchange (PSE)...
Stock benchmark tumbled to end the week on a somber note, joining the regional retreat as escalating geopolitical tensions in the Middle East drove the peso back toward record lows and clouded the outlook for domestic inflation. The Philippine Stock Exchange index (PSEi) shed 60.12 points, or 0.94...
Local stocks tumbled on Wednesday, March 4, erasing the previous session’s gains as escalating conflict in the Middle East fueled fears that spike in global energy prices will reignite inflation and derail the central bank’s pivot toward monetary easing. The Philippine Stock Exchange index...
Local shares rose slightly on Tuesday, March 3, as bargain hunters stepped in following a two-day retreat, though lingering geopolitical tensions in the Middle East and weak breadth of losers capped the recovery. The Philippine Stock Exchange index (PSEi) climbed 18.55 points, or 0.29 percent, to...
