Yuchengco-led Rizal Commercial Banking Corp. (RCBC) and Capital A’s AirAsia rewards have teamed up to launch AirAsia Platinum Credit Card, offering travel insurance coverage of up to ₱5 million, while also upgrading the classic variant with lower foreign exchange (forex) fees. During the...
The local stock market bounced after dropping in the previous three sessions as investors started bargain hunting. The main index added 35.49 points or 0.57 percent to close at 6,289.85 on Tuesday, Aug. 12, as Conglomerates led the advance while Banks continued to decline. Volume jumped to 756...
The Philippine Stock Exchange index (PSEi) dropped on Monday, Aug. 11, as investors sold off stocks due to a lack of fresh market-moving developments. The main index fell by 85.02 points, or 1.34 percent, to close at 6,254.36. Banks led the retreat, with only the Services counter managing to hold...
The Philippine Stock Exchange index (PSEi) registered an increase on Wednesday, Aug. 6, fueled by optimism that the Bangko Sentral ng Pilipinas (BSP) will cut key interest rates and support the peso. The main index gained 17.02 points, or 0.27 percent, to close at 6,370.65. Sectoral indices were...
Expectations of further cuts in key borrowing costs as early as this month have grown stronger, driven by last month’s nearly six-year low inflation and lingering economic threats from United States (US) tariffs. Following the below one-percent headline print in July, private-sector economists...
The PSEi continued to rise on bargain hunting as investors anticipate a benign inflation rate for July while the peso also firmed up. The main index added 42.52 points, or 0.67 percent, to close at 6,348.65. Sectoral indices were equally divided, with the property counter leading advancers. A total...
Private-sector economists expect the Philippine economy to have expanded at a faster pace in the second quarter, compared to the first three months, driven by robust household consumption during the midterm election period, even amid external headwinds. The consensus growth forecast stands at 5.6...
The local stock market will be taking cues from several Philippine economic reports—including inflation, jobs, and gross domestic product (GDP)—as well as corporate earnings while the recent weakness of the peso and concern over United States (US) tariffs will continue to cast a shadow over...
The local stock market finally paused from its six-day losing streak as investors finally decided to pick up bargains after the United States (US) extended its tariff deadline. The main index rose by 53.40 points, or 0.85 percent, to close at 6,306.13. Conglomerates led the advance, although miners...
Yuchengco-led Rizal Commercial Banking Corp. (RCBC) posted a 20-percent growth in its unaudited consolidated net income to ₱5.3 billion in the first half of 2025 on the strength of its core business. In a disclosure to the Philippine Stock Exchange (PSE), the bank said its core business continued...
The Philippine Stock Exchange index (PSEi) extended its losing streak, dropping 65.50 points or 1.04 percent to close at 6,252.73 on Thursday, July 31. Mining shares led the broad retreat. Volume increased to 902 million shares valued at P7.85 billion, with losers outnumbering gainers 134 to 61,...
The Philippine Stock Exchange index (PSEi) closed in the red for the fifth consecutive day, as investors exercised caution ahead of an Aug. 1 deadline for talks on US tariffs. The main index shed 7.19 points, or 0.11 percent, to close at 6,318.23 on Wednesday, July 30. Banks led the decline, while...
