Diversified conglomerate San Miguel Corp. (SMC) has retained the highest PRS Aaa issue credit rating, with a stable outlook, from Philippine Rating Services Corp. (PhilRatings) for its outstanding bonds totaling ₱139.2 billion. Obligations rated PRS Aaa are of the highest quality with minimal...
The Philippine Stock Exchange index (PSEi) dipped on Friday, July 24, as share prices fell amid concerns over rising oil prices and the higher tariff the United States (US) slapped on Philippine goods. The main index shed 2.11 points, or 0.03 percent, to close at 6,281.01. Sectoral indices were...
The Philippine Stock Exchange index (PSEi) was slightly higher on Thursday, July 23, as some investors started bargain hunting despite rising oil prices because of the United States (US)-Iran war. The main index added 15.27 points, or 0.24 percent, to close at 6,283.12. Banks led the advance, while...
Local stocks snapped their four-day winning streak as weakening currency prompted investors to lock in recent profits, pulling the benchmark index back from near-overbought levels. The Philippine Stock Exchange index (PSEi) fell 81.92 points, or 1.28 percent, to close at 6,333.80 on Tuesday, July...
Local equities advanced, pushing the benchmark index back above the key 6,400 threshold, as the temporary breather in global energy markets and anticipation of strong second-quarter earnings lured bargain hunters back to the table. The Philippine Stock Exchange index (PSEi) climbed 78.96 points, or...
Local equities rose for the second consecutive day as easing concern over the path of United States (US) interest rates and major foreign investment proposal in the local energy sector bolstered investor sentiment, overshadowing geopolitical tensions in the Middle East. The Philippine Stock...
The Philippine Stock Exchange index (PSEi) rose on Wednesday, July 15, lifted by gains on United States (US) markets after a lower inflation rate eased fears of an aggressive US Federal Reserve (Fed) rate hike. The main index gained 46.48 points, or 0.74 percent, to close at 6,302.5. Banks led the...
When I was still teaching at the university, I remember some of my college students telling me they wanted to become influencers or content creators. Some even asked if they still needed a college degree to succeed in the industry. With all the glitz and glamour they see on social media, who could...
Top township developer Megaworld Corp. has raised an additional ₱147.1 million from the latest sale of shares in its real estate investment trust (REIT) unit, MREIT Inc., to increase its public float ahead of its fifth wave of asset-for-share swap. The Andrew Tan-led property firm said it sold...
International Finance Corp. (IFC), the World Bank Group’s (WBG) investment arm, is investing $100 million in Union Bank of the Philippines’ (UnionBank) first sustainability bond to help the Aboitiz-led bank expand its green and social asset portfolio. In a disclosure to the Philippine Stock...
Asia-Pacific business leaders are demanding stricter artificial intelligence (AI) governance and tighter cross-border policing to counter the surge in sophisticated online scams and cyber fraud across the region. The APEC Business Advisory Council (ABAC), meeting in Bangkok, Thailand, formalized a...
The Philippine Stock Exchange index (PSEi) opened the week lower as early bargain-hunting gave way to concerns over rising tensions in the Middle East. The main index shed 20.98 points, or 0.33 percent, to close at 6,265.72. Miners led the retreat, while services was the only sector to finish in...
