The Philippine Stock Exchange index (PSEi) rose on Monday, Oct. 13, after investors picked up bargains as treasury yields dropped while the peso firmed up. The main index added 14.54 points, or 0.24 percent, to close at 6,052.33 on the strength of the services and mining sectors, as most of the...
Philippine Airlines (PAL) is looking at increasing flights to the United States, particularly to New York, once the first of its Airbus A350-1000s arrive. “We’re still working on the final delivery date, but it will be either December or January. But we’re still waiting for the final delivery...
The Philippine Stock Exchange index (PSEi) dropped on Friday, Oct. 10, despite the Bangko Sentral ng Pilipinas ’ (BSP) policy rate cut as investor sentiment continued to be dampened by the flood control corruption scandal, weak peso, and lower foreign direct investments (FDIs). The main index...
Flag-carrier Philippine Airlines (PAL) is calling for the creation of a single, coordinated national airport masterplan to optimize operations and increase the capacity of existing gateways while building additional hubs. Speaking during the Philippine Aviation Summit, PAL Executive Vice President...
The Philippine Stock Exchange index (PSEi) pulled back on profit-taking before the Bangko Sentral ng Pilipinas announced a rate cut at the close of trading hours. The main index lost 41.34 points or 0.68 percent to close at 6,057.40 on Thursday, Oct. 9, although sectoral indices were equally split....
The local stock market improved on sustained bargain-hunting as investor sentiment was lifted by encouraging employment data. The main index added 14.91 points, or 0.25 percent, to close at 6,098.74 on Wednesday, Oct. 8. Miners led the advance, while Banks and Property counters offset gains. A...
The Philippine Stock Exchange index (PSEi) recovered some lost ground and rallied as the September inflation rate came in lower than expected. The main index jumped 83.51 points, or 1.39 percent, to close at 6,083.83 on Tuesday, Oct. 7, with banks leading the gains across the board. Volume rose to...
The Lucio Tan Group’s MacroAsia Corp. has started the construction of the ₱2-billion New Earth Iloilo Water Supply Project, which will augment Iloilo’s potable water supply and address the rising requirements of expanding communities and industries in the province. The project is being...
The Philippine Stock Exchange index (PSEi) on Monday, Oct. 6, fell after a three-day bounce as investors cashed in on recent gains ahead of the September inflation rate announcement on Tuesday, Oct. 7. The main index plunged 108.54 points, or 1.78 percent, to rest at 6,000.32. Conglomerates and...
The Philippine Stock Exchange index (PSEi) rose slightly for the second straight day, adding 13.73 points, or 0.23 percent, to close at 6,039.76, but gains were limited due to lack of fresh market leads. The overall volume decreased to 1.52 billion shares, valued at ₱5.56 billion. Decliners edged...
The Philippine Stock Exchange Composite Index (PSEi) finally bounced back after a seven-day decline, as investors were enticed to start bargain hunting following lower stock prices. The main index jumped 72.57 points, or 1.22 percent, to close at 6,026.03 on Wednesday, Oct. 1, with Miners leading...
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...
