Continuing its see-saw performance this week, the Philippine Stock Exchange index (PSEi) bounced back above the 6,000 level on Thursday, June 25, as easing oil prices spurred bargain hunting. The main index rose by 79.69 points, or 1.33 percent, to close at 6,071.06. The recovery of index...
Today, June 25, 2026, marks 17 years since Michael Jackson passed away. The global music icon died at the age of 50 on June 25, 2009, in Los Angeles while preparing for a comeback tour. Jackson rose from child stardom with The Jackson 5 to become one of the most influential performers in modern...
Local equities plunged back below a critical psychological threshold as worsening domestic growth forecasts and a hawkish shift in United States (US) Federal Reserve monetary policy expectations triggered a broad-based selloff. The Philippine Stock Exchange index (PSEi) slumped 133.85 points, or...
Domestic equities snapped a two-day decline, rallying as investors capitalized on lower valuations after the United States (US) issued an interim waiver on Iranian energy exports, dragging global crude prices to a three-month low. The Philippine Stock Exchange index (PSEi) advanced 1.51 percent, or...
Vice President Sara Duterte’s defense team on Tuesday, June 23, downplayed concerns over the alleged overlap of witnesses in her impeachment trial, emphasizing that both the prosecution and defense have the right to choose their own witnesses and evidence. In an interview during the third day of...
The pre-trial conference for the impeachment trial of Vice President Sara Duterte may continue through this week due to the large volume of documentary evidence still being marked. Defense spokesperson Michael Poa said on Monday, June 22, that both the defense and prosecution remain in the...
The Philippine Stock Exchange index (PSEi) fell on Monday, June 22, after Iran walked out of peace talks and closed the Strait of Hormuz again, while the Philippine government reduced its economic growth estimates due to the war and lower infrastructure spending. The main index plunged by 100.33...
A surplus in May helped narrow the overall balance of payments (BOP) deficit for the Philippines to $7.28 billion for the first five months of 2026 from $7.41 billion in the previous month. While the cumulative gap remains significant, the May performance provided a slight reprieve from the...
Local equities market retreated at the end of the week as investors pared back risk following the central bank 's hawkish policy stance and the sudden disruption to geopolitical diplomatic efforts in Europe. The Philippine Stock Exchange index (PSEi) slipped 18.31 points, or 0.3 percent, to...
Local stocks declined as an afternoon wave of profit-taking erased morning gains, cutting short a rally that had pushed the benchmark index to its highest intraday level in recent sessions. The Philippine Stock Exchange index (PSEi) decreased 27.13 points, or 0.43 percent, to close at 6,245.75 on...
Japanese financial giant MUFG Bank Ltd. said the Philippine peso may start clawing back recent losses and reverse its underperformance following unexpected news that the United States (US) and Iran will sign a peace deal on Friday, allowing the Strait of Hormuz to reopen. “Asian currencies such...
Local stocks fell, ending the week lower as a second day of United States (US) airstrikes in Iran drove oil prices higher, stoking renewed global inflation fears and dimming investor appetite for risk assets. The Philippine Stock Exchange index (PSEi) slid 31.30 points, or 0.53 percent, to close at...
