The Philippine Stock Exchange index (PSEi) dipped on Friday, July 24, as share prices fell amid concerns over rising oil prices and the higher tariff the United States (US) slapped on Philippine goods. The main index shed 2.11 points, or 0.03 percent, to close at 6,281.01. Sectoral indices were...
The Philippine Stock Exchange index (PSEi) was slightly higher on Thursday, July 23, as some investors started bargain hunting despite rising oil prices because of the United States (US)-Iran war. The main index added 15.27 points, or 0.24 percent, to close at 6,283.12. Banks led the advance, while...
Bringing up the wife of National Bureau of Investigation (NBI) Director Melvin Matibag during his cross-examination in the impeachment trial of Vice President Sara Duterte wasn 't meant to rile up the witness, the respondent 's defense team said. Defense team spokesperson Michael Poa...
Local stocks snapped their four-day winning streak as weakening currency prompted investors to lock in recent profits, pulling the benchmark index back from near-overbought levels. The Philippine Stock Exchange index (PSEi) fell 81.92 points, or 1.28 percent, to close at 6,333.80 on Tuesday, July...
The defense team of Vice President Sara Duterte said the Senate impeachment court 's decision granting the prosecution 's request to subpoena her financial records was not a major setback as it weighs possible legal remedies, including elevating the matter to the Supreme Court. In a press...
Vice President Sara Duterte 's defense argued that the Senate impeachment court cannot compel the release of her Anti-Money Laundering Council (AMLC) records, insisting that the confidentiality provisions under the Anti-Money Laundering Act contain no exception for impeachment proceedings....
Total resources of the Philippine financial system rebounded in May, reaching a record ₱37.64 trillion, nearly one percent higher than the ₱37.31 trillion recorded in April, driven by “some hedging and frontloading” of loans before further price spikes occur. This recovery was supported by...
Local equities advanced, pushing the benchmark index back above the key 6,400 threshold, as the temporary breather in global energy markets and anticipation of strong second-quarter earnings lured bargain hunters back to the table. The Philippine Stock Exchange index (PSEi) climbed 78.96 points, or...
Local equities rose for the second consecutive day as easing concern over the path of United States (US) interest rates and major foreign investment proposal in the local energy sector bolstered investor sentiment, overshadowing geopolitical tensions in the Middle East. The Philippine Stock...
More idle government assets valued at roughly ₱30 billion are expected to be disposed of through privatization as the government successfully completed the ₱1-billion sale of one floor of Atrium of Makati, bringing first-half revenues close to the full-year figure for 2025. On Thursday, July...
Akbayan Party-list Rep. Chel Diokno invoked a 2022 Supreme Court (SC) ruling to rebut Vice President Sara Duterte lawyer Michael Poa 's claim that seeking the banks and tax records of the respondent in her Senate impeachment trial was a "fishing expedition". According to Diokno, the particular...
The Philippine Stock Exchange index (PSEi) rose on Wednesday, July 15, lifted by gains on United States (US) markets after a lower inflation rate eased fears of an aggressive US Federal Reserve (Fed) rate hike. The main index gained 46.48 points, or 0.74 percent, to close at 6,302.5. Banks led the...
