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...
RL Commercial REIT Inc. will join the Philippine Stock Exchange index (PSEi), the nation’s 30-company benchmark, replacing Alliance Global Group Inc. as part of a semi-annual reshuffle of the local equity market’s gauges. The Philippine Stock Exchange announced the changes following review of...
Local equities market declined as investors adopted defensive posture ahead of next week’s economic growth data, erasing previous gains in session characterized by thinner trading and political uncertainty. The Philippine Stock Exchange index (PSEi)) fell 65.34 points, or 1.02 percent, to...
The Philippine Stock Exchange index (PSEi) rebounded on Thursday, Jan. 22, as investors engaged in bargain hunting, tracking the Wall Street recovery fueled by de-escalating geopolitical tensions over United States (US) interests in Greenland. The benchmark PSEi gained 68.50 points, or 1.08...
Local equities fell for a fourth consecutive day, tracking a global retreat in risk assets after United States (US) President Donald Trump escalated trade tensions with fresh round of tariff threats against European allies to pressure the sale of Greenland. The Philippine Stock Exchange index...
The Philippine Stock Exchange index (PSEi) started the week lower as investors took profits from recent gains, as expected. The main index dropped 26.89 points, or 0.42 percent, to close at 6,437.78 on Monday, Jan. 19. Banks led the retreat, although the services sector advanced, while the...
