The defense camp of Vice President Sara Duterte on Tuesday, March 17, lamented the alleged "double standards" of House members when they declared sufficient both in form and substance the impeachment complaint against her. Michael Poa, spokesman for Duterte 's defense team, said members of the...
Local stocks retreated for a third consecutive session on Monday, March 16, briefly sliding below the critical psychological threshold as the escalating conflict in the Middle East pressured the local currency and fueled concerns over imported inflation. The Philippine Stock Exchange index (PSEi)...
Vice President Sara Duterte questioned moves to possibly bar two members of her legal team from representing her in the impeachment proceedings, saying she has never heard of a situation where a respondent is not allowed to choose their own lawyers. Duterte said this following calls to remove...
Local stocks retreated as the resurgence in global crude oil prices and the weakening peso soured investor sentiment, overshadowing gains in the conglomerate sector. The Philippine Stock Exchange index (PSEi) dropped 44.75 points, or 0.73 percent, to finish at 6,113.58 in Manila. While the services...
Local stocks climbed for a second consecutive session as investors scooped up beaten-down shares, tracking the broader shift in sentiment fueled by expectations of a massive release of global oil reserves. The Philippine Stock Exchange index (PSEi) advanced 31.67 points, or 0.52 percent, to finish...
The Philippine Stock Exchange index (PSEi) staged a sharp recovery on Tuesday, March 10, clawing back a significant portion of the previous session’s losses as retreat in global oil prices bolstered investor appetite for risk. The benchmark PSEi advanced 110.44 points, or 2.01 percent, to finish...
The local stock market lost ₱671.7 billion in market capitalization on Monday, March 9, as the benchmark Philippine Stock Exchange Index (PSEi) plunged to the 6,000 level after the Iran war fueled a surge in oil prices while the peso plunged to a new record low. Philippine Stock Exchange (PSE)...
Stock benchmark tumbled to end the week on a somber note, joining the regional retreat as escalating geopolitical tensions in the Middle East drove the peso back toward record lows and clouded the outlook for domestic inflation. The Philippine Stock Exchange index (PSEi) shed 60.12 points, or 0.94...
The defense team of Vice President Sara Duterte said Wednesday, March 4, it will review the actions taken by the House of Representatives and the House Justice Committee that found the impeachment case against her “sufficient in substance.” Lawyer Michael Poa, one of Duterte’s counsels, made...
Local stocks tumbled on Wednesday, March 4, erasing the previous session’s gains as escalating conflict in the Middle East fueled fears that spike in global energy prices will reignite inflation and derail the central bank’s pivot toward monetary easing. The Philippine Stock Exchange index...
Local shares rose slightly on Tuesday, March 3, as bargain hunters stepped in following a two-day retreat, though lingering geopolitical tensions in the Middle East and weak breadth of losers capped the recovery. The Philippine Stock Exchange index (PSEi) climbed 18.55 points, or 0.29 percent, to...
Philippine stocks and the peso tumbled on Monday, March 2, as the threat of an escalating war in the Middle East rattled regional markets, fueling concerns that surging energy costs will derail efforts to tame domestic inflation. The Philippine Stock Exchange index (PSEi) slumped 2.79 percent, or...
