Employees observing Eid’l Fitr on Mar. 20 are entitled to 200-percent pay if they report for work and full pay if on approved leave, the Department of Labor and Employment (DOLE) reminded employers in its latest guidance. The regular holiday, declared under Proclamation No. 1189, Series of 2026,...
MREIT Inc., the real estate investment trust (REIT) of Andrew Tan-led Megaworld Corp., has secured the Securities and Exchange Commission’s (SEC) approval for the fourth wave of its property-for-share swap transaction worth ₱16.2 billion. This paves the way for MREIT to proceed with the...
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...
D&L Industries Inc. does not expect any material impact on its business under current market conditions following the filing of a bill in Congress that would allow the temporary suspension of mandatory biofuel blending in the Philippines. The firm informed the Philippine Stock Exchange (PSE) on...
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)...
Liberty Flour Mills Inc., the Philippine food manufacturer, has asked the Securities and Exchange Commission (SEC) to dismiss a complaint filed by minority shareholders, claiming it has already provided access to corporate records. Liberty Flour’s legal response from the publicly traded miller...
Malacañang has declared March 20, 2026, Friday, a regular holiday throughout the country in observance of Eid’l Fitr. The Palace said the declaration recognizes the significance of Eid’l Fitr, which marks the end of the holy month of Ramadan in the Islamic calendar. Eid’l Fitr is celebrated...
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...
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...
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...
