The PSEi rose on upbeat United States (US) data and expectations of a Bangko Sentral ng Pilipinas (BSP) rate cut next week, but failed to close above the 6,400-level due to concerns over Israel’s bombing of targets in Iran. The main index added 14.27 points, or 0.22 percent, to close at 6,395.59....
The Philippine Stock Exchange index (PSEi) dropped after the Bangko Sentral reported that foreign direct investments slid in the first quarter of the year. The main index lost 58.46 points, or 0.91 percent, to close at 6,347.67, as Banks led the retreat across the board. Volume rose to 1.45 billion...
The Philippine Stock Exchange index (PSEi) started the week on firmer footing after the government reported higher international reserves, while US and China agreed to more trade talks. The main index added 29.34 points or 0.46 percent to close at 6,406.13 on the back of advances by Conglomerates...
Former National Democratic Front of the Philippines (NDFP) chief negotiator Luis “Ka Louie” Jalandoni has died at the age of 90 while in self-exile in Utrecht, The Netherlands on Saturday, June 7, according to the Communist Party of the Philippines (CPP). “It is with deep sorrow that we...
The Philippine Stock Exchange index (PSEi) ended the day almost flat despite the announcement of a low inflation rate for May, as this was already expected and priced in by the market. The main index shed 1.77 points or 0.03 percent to close at 6,376.79, although only Banks declined, while the...
The Commission on Appointments (CA) on Wednesday, June 4 approved the ad interim appointments of three Cabinet officials, including Vince Dizon as secretary of the Department of Transportation (DOTr). Cavite 2nd District Rep. Lani Mercado, who led the deliberation on his appointment as chairperson...
The Philippine Stock Exchange index (PSEi) fell on Wednesday, June 4, as investors opted to secure profits from the past two trading sessions while awaiting clearer signals from upcoming inflation figures. The main index shed 34.3 points (0.53 percent), closing at 6,378.56. The mining sector...
The local stock market rose further as investors continued to bank on expectations of a low inflation rate for May that increases chances for a rate cut. The main index jumped 60.20 points or 0.95 percent to close at 6,412.86 as the interest rate-sensitive Property sector led the advance while...
The local stock market rose as investors cheered the passage of a law that will reduce the stock transaction tax while also betting that the inflation rate would remain low last May. The main index added 11.13 points or 0.18 percent to close at 6,352.66 as the Property sector led the advance,...
The PSEi dipped again as investors remained cautious and took profits late in the trading day after President Marcos asked heads of government controlled corporations to resign for another top level reshuffling. The main index shed 12.99 points or 0.20 percent to finish at 6,412.81 with Miners...
Flag-carrier Philippine Airlines Inc. (PAL) is geared up to expand its global presence and strengthen its position as a competitive player in international aviation to sustain its strong performance last year. The airline’s growth will also bank on the recent leadership change with the...
Sugar Regulatory Administration (SRA) Administrator Pablo Luis Azcona has submitted his courtesy resignation, following the administration’s move to revamp the leaderships of government-owned and/or -controlled corporations (GOCCs). “I think we already received the memo and we ’ re loyal to...
