Local stocks ended Tuesday’s session virtually unchanged as investors balanced optimism over potential diplomatic breakthroughs in the Middle East against domestic concerns regarding tightening monetary policy. The Philippine Stock Exchange index (PSEi) edged up 2.67 points, or 0.04 percent, to...
Arthaland Corp., the green-certified property developer led by the Po family, has broken ground on a ₱14.1 billion residential project along Katipunan Avenue amid continued appetite for premium sustainable housing in Metro Manila’s academic hub. In a briefing on Tuesday, April 21, Jaime C....
Alliance Global Group Inc. (AGI), the investment vehicle of billionaire Andrew Tan, reported a record net income last year, as gains from its real estate and leisure units helped offset the decline in consolidated revenue following the deconsolidation of its McDonald’s local franchise. In a...
The Philippine Stock Exchange index (PSEi) fell below the 6,000 level on Friday, April 17, as investors cashed out ahead of the weekend amid concern over the economic impact of the oil crisis. The main index lost 64.56 points, or 1.06 percent, to close the week at 5,999.13. Conglomerates led the...
A majority of the board of directors and advisors of ABS-CBN Corp. issued a formal expression of support for the current leadership team, affirming their confidence in Chief Executive Officer Carlo Katigbak’s ability to return the former broadcast giant to profitability. The statement was signed...
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...
Top township developer Megaworld Corp. is kicking off the ₱12-billion development of San Benito Private Estate in the next few months with the construction of roads, key infrastructure, and vital township components. The project, a 25-hectare (ha) integrated active wellness township located in...
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,...
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,...
This week, stock market investors will continue to take cues from developments in the Middle East, particularly whether the temporary ceasefire will hold and if there will be progress in United States (US)-Iran negotiations. “Investors are expected to monitor developments among the countries...
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...
