The Philippine Stock Exchange index (PSEi) is still in the red on Tuesday, Sept. 30, as share prices dropped due to the weak peso and domestic uncertainties. The main index lost 44.14 points, or 0.74 percent, to close at 5,953.46. The property sector led the retreat, while miners and banks...
The Philippine Stock Exchange index (PSEi) dropped for the sixth straight session, breaking below the 6,000 level, as investors worried about the weak peso, the impact of corruption on infrastructure spending, and general weak investor confidence in the economy. The main index shed 29.52 points, or...
MREIT, Inc. (MREIT), the real estate investment trust of Megaworld Corp., reiterated its plan to acquire mall and retail assets from its sponsor as part of its plan to double its portfolio to one million square meters of gross leasable area (GLA) by 2027. The firm disclosed to the Philippine Stock...
Pure Energy Group, controlled by Dexter Y. Tiu, is acquiring a majority stake in Coal Asia Holdings Inc. for ₱220.91 million to facilitate a possible backdoor listing of the energy conglomerate. In a disclosure to the Philippine Stock Exchange, Coal Asia said its stockholders Dexter Y. Tiu, Eric...
D&L Industries Inc. reported that two of its wholly-owned subsidiaries operating at its new Batangas plant, D&L Premium Foods Corp. (DLPF) and Natura Aeropack Corp. (NAC), have been granted two more years of Income Tax Holiday (ITH) by the Philippine Economic Zone Authority (PEZA). Originally set...
The Philippine Stock Exchange index (PSEi) dropped to the 6,000 level on Thursday, Sept. 25, weighed down by the continued weakness of the peso and investor caution amid ongoing Senate hearings on corruption allegations. The main index lost 66.44 points, or 1.09 percent, to close at 6,042.28. The...
The Philippine Stock Exchange index (PSEi) continued its descent as the peso weakened, with investors awaiting positive news amid a corruption scandal. The main index shed 9.82 points, or 0.16 percent, to close at 6,108.72 on Wednesday, Sept. 24, as the Property sector led the decline among all...
The local stock market ended the week at a high note as investor sentiment improved amid expectations of more rate cuts coupled with a steady credit rating for the Philippines. The main index added 30.87 points, or 0.5 percent, to close at 6,264.49 on Friday, Sept. 19. Sectoral indices were evenly...
The Philippine Stock Exchange index (PSEi) rose for the third straight day on Thursday, Sept. 18, after the United States Federal Reserve (US Fed) cut interest rates, as expected. The main index added 22.96 points, or 0.37 percent, to close at 6,233.62. Sector indices were evenly mixed, while...
The Philippine Stock Exchange index (PSEi) rose further on Wednesday, Sept. 17, on hopes that the Bangko Sentral ng Pilipinas (BSP) will slash rates further in tandem with the United States Federal Reserve (US Fed). The main index jumped by 61.92 points, or 1.01 percent, to close at 6,210.66. The...
The Philippine Stock Exchange index (PSEi) made a strong bounce on Tuesday, Sept. 16, as investors started bargain hunting, sparked by the possible inclusion of the Philippines in a JPMorgan bond index as well as the expected United States (US) rate cut. The main index surged by 91.31 points, or...
The Philippine Stock Exchange index (PSEi) fell on Monday, Sept. 15, weighed down by weakening peso and growing concerns over protests against corrupt politicians, public officials, and contractors. The main index lost 51.78 points, or 0.85 percent, to close at 6,057.43. Banks led the retreat,...
