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...
Vice President Sara Duterte 's defense team on Wednesday, July 15, urged the Senate impeachment court to reject the prosecution 's request to subpoena her bank, tax, and Anti-Money Laundering Council (AMLC) records, arguing that the move violates due process and amounts to a "fishing...
Domestic lenders demanded higher lending rates from the government through the sale of long-dated debt papers, but the government rejected the bids after deeming the rates too expensive while demand remained subdued. During the latest treasury bond (T-bond) auction on Tuesday, July 14, the Bureau...
The Philippine Stock Exchange index (PSEi) opened the week lower as early bargain-hunting gave way to concerns over rising tensions in the Middle East. The main index shed 20.98 points, or 0.33 percent, to close at 6,265.72. Miners led the retreat, while services was the only sector to finish in...
