Local stocks retreated to their lowest level in five months as the peso’s plunge to a fresh record fueled anxiety that persistent inflationary pressures will force borrowing costs to stay higher for longer. The Philippine Stock Exchange index (PSEi) declined 34.36 points, or 0.58 percent, to...
The Philippine Stock Exchange index (PSEi) dropped on Monday, April 27, as investors worry over the impact of rising inflation and interest rates, which has led some conglomerates to reduce capital expenditures (capex). The main index lost 42.34 points, or 0.71 percent, to close at 5,901.15....
Cebu Pacific, the Philippines’ leading carrier, remains confident of being able to cruise through current turbulence in the fuel market caused by the Iran war, although it is concerned about the impact of a prolonged conflict during the low season. In an interview on the sidelines of the...
NEW YORK (AP) — “Michael,” the big-budget Michael Jackson spectacle, shrugged off bad reviews and a troubled production to launch with $97 million in U.S. and Canada theaters, according to studio estimates Sunday, shattering a record debut for music biopics. A highly authorized portrayal of...
Local stock market is expected to remain in a bearish holding pattern this week as prolonged diplomatic deadlock in the Middle East dampens investor appetite, even as the market looks toward domestic trade data and the United States (US) Federal Reserve for direction. While local equities have...
Local equities fell for the second consecutive session, dragging the benchmark index below the psychological 6,000-level as investors braced for the potential interest rate hike by the central bank and monitored simmering geopolitical tensions in the Middle East. The Philippine Stock Exchange index...
Antoine Fuqua directs this Michael Jackson biopic, with a screenplay courtesy of John Logan, who has written the screenplays of such memorable films as "Gladiator," "The Aviator," and "Skyfall." Fuqua is best known for "Training Day," "The Magnificent 7" (the 2016 version), and "The Equalizer." So,...
Local stocks ended Tuesday’s session virtually unchanged as investors balanced optimism over potential diplomatic breakthroughs in the Middle East against domestic concerns regarding tightening monetary policy. The Philippine Stock Exchange index (PSEi) edged up 2.67 points, or 0.04 percent, to...
The Philippine Stock Exchange index (PSEi) fell below the 6,000 level on Friday, April 17, as investors cashed out ahead of the weekend amid concern over the economic impact of the oil crisis. The main index lost 64.56 points, or 1.06 percent, to close the week at 5,999.13. Conglomerates led the...
The Philippine Stock Exchange index (PSEi) bounced on Wednesday, April 15, as news of another round of United States (US)-Iran talks led to some bargain hunting. The main index added 50.25 points, or 0.84 percent, to close at 6,063.35. Banks and services led the advance across the board. Volume...
Local equities market extended its decline on Tuesday, April 14, as escalating tensions in the Middle East and domestic political instability dampened investor appetite, offsetting otherwise positive global leads. The Philippine Stock Exchange index (PSEi) retreated 40.95 points, or 0.68 percent,...
Batangas 2nd district Rep. Gerville “Jinky Bitrics” Luistro set a somewhat defiant tone in the resumption of the House Committee on Justice 's impeachment proceedings against Vice President Sara Duterte on Tuesday, April 14. Luistro, chairperson of justice committee did so by referencing...
