The local stock market dropped further as the peso weakened prior to expected rate cuts in the US and by the Bangko Sentral ng Pilipinas. The main index lost 32.63 points or 0.50 percent to close at 6,469.08 as Banks continue to lead the retreat while Industrials and Services bounced. Volume was...
The local stock market fell on strong foreign selling as investors wait for the US Federal Reserve and Bangko Sentral ng Pilipnas' (BSP) last policy meetings for the year. The main index plunged by 113.45 points or 1.72 points to close at 6,501.71 with Banks leading the retreat across the board....
The local stock market ended flat as investors continue to wait for the policy meetings of both US Philippine central banks. The main index shed 1.35 points or 0.02 percent to close at 6,615.16 with the Mining sector suffering the biggest loss while Banks and Conglomerates advanced. Volume declined...
Makati City 2nd district Rep. Luis Campos Jr. (Facebook) A relatively small amount in budgetary terms is needed to fund the P2,000 increase in the Service Recognition Incentive (SRI) for the country’s 1,011,800 public school teachers and...
WORD ALIVE The message of this 3rd Sunday of Advent is “gaudete” which means “rejoice” or “be joyful.” We are joyful, first and foremost, because God so loved the world that he gave his only begotten Son, Jesus Christ. * * * John the Baptist, the dominant figure in the...
The local stock market ended the week lower as investor sentiment was weighed down by the decline in US bourses. The main index dropped 24.84 points or 0.37 percent to close at 6,616.51 as Conglomerates fell although sectoral indices were evenly mixed. Volume declined to 1.2 billion shares worth...
The local stock market traded sideways as investors remained cautious even though the US inflation rate was within expectations. The main index shed 1.36 points or 0.02 percent to close at 6,641.35 with the Property sector leading decliners while Conglomerates and Services advanced. Volume was up...
Campos-led Del Monte Pacific Limited (DMPL) expects to incur a net loss in its fiscal year ending April 2025 after reporting a net loss of $56 million in the first half due to losses at its US subsidiary. In a disclosure to the Philippine Stock Exchange (PSE), the firm said the losses of its US...
The local stock market continues to see-saw, ending lower today as investors wait for the release of US inflation numbers tonight. The main index fell by 82.11 points or 1.22 percent with the retreat led by the Services counter while the Banking sector managed to hold its ground. Volume declined to...
The local stock market bounced back from the previous day’s loss on the back of a stronger peso. The main index added 44.45 points or 0.66 percent to close at 6,724.82 with the Mining sector leading the advance while Banks lagged behind. Volume was still strong at 783 million shares worth P8.54...
The Philippine Stock Exchange index (PSEi) opened the week lower as investors awaited US inflation data and Philippine investment and trade numbers. The main index dropped 48.57 points, or 0.72 percent, to close at 6,680.57. Conglomerates led the decline, while Banks and Services managed to...
WORD ALIVE A famous artist once held an exhibition of all his choice paintings. One painting bore the face of a woman who was extraordinarily beautiful. “Who’s this?” spectators ask. “Is she your...
