The local stock market strengthened as investor sentiment got a boost from easing inflation and a delay in the tariff war started by the United States (US) against Canada and Mexico. The main index surged by 98.19 points or 1.6 percent to close at 6,219.96 as miners led the rally across the board....
Local share prices rose as investor sentiment were buoyed by encouraging inflation numbers for February. The PSEi jumped 57.66 points or 0.95 percent to close at 6,121.77, led by the surge in the property index while the services sector dipped. Volume was strong at 588 million shares worth ₱7.35...
The local stock market rose further as investors picked up cheaper stocks ahead of Wednesday’s announcement of the inflation rate for February. The main index added 26.92 points or 0.45 percent to close at 6,064.11, led by the strength of the mining and banking sectors, while the conglomerate and...
The Philippine Stock Exchange index (PSEi) recovered some ground but settled below the day’s high as investors bet on a lower inflation rate to be announced on Wednesday. The main index added 39.22 points or 0.65 percent to close at 6,037.19 as conglomerates led the advance while the services and...
LT Group Inc., the holding company of taipan Lucio Tan, reported a 14 percent improvement in attributable net income to a record high of ₱28.92 billion last year from the ₱25.42 billion reported in 2023 on the back of strong growth in its tobacco, banking, liquor, and beer businesses. In its...
Makati City 2nd district Rep. Luis Campos Jr. (Facebook) The Philippine Deposit Insurance Corp.'s (PDIC) move of doubling the maximum deposit insurance coverage (MDIC) for bank depositors from P500,000 to P1 million will have a positive impact...
Employers Confederation of the Philippines (ECOP) President Sergio Ortiz-Luis Jr. said he is open to the idea of employers shouldering their employees’ health insurance coverage amid controversies surrounding the state health insurer. Ortiz-Luis said the recent actions of the Philippine Health...
WORD ALIVE A parish priest happened to meet one of his parishioners in a mall and said, “Johnny, I haven't seen you in church for a long time. What happened?” “Father, I've stopped going to church. There are a lot of hypocrites there.” Whereupon, the priest smiled and said:...
The PSEi plunged due to the MSCI rebalancing and Trump’s latest statements which continue to rock investor sentiment. The main index fell 126.12 points or 2.06 percent to close at 5,997.97 with the Property counter leading all sectors down. Volume jumped to 1.11 billion shares worth ₱20.63...
The local stock market declined as it continues its see-saw trend amid negative geopolitical factors and generally upbeat corporate results. The main index shed 20.87 points or 0.34 percent to close at 6,124.09 as Miners led the retreat with only Banks managing to advance. Volume rose to 534...
The local stock market bounced after news that the Philippines will continue to receive US aid, while upbeat corporate earnings further lifted investor sentiment. The Philippine Stock Exchange index (PSEi) rallied by 80.80 points or 1.33 percent to close at 6,144.96 on Wednesday, Feb. 26, as Banks...
Pope Francis during the prayer for peace inside St. Peter’s Basilica at the Vatican on Oct. 27, 2023 (CBCP News) Cardinal Luis Antonio Tagle will lead an evening rosary at St. Peter’s Square in Vatican City on Tuesday, Feb. 25 (4 a.m. on Feb. 26 in Manila) to pray for the health and recovery of...
