The local stock market ended the week higher as investors cheered to announcement of a trade deal between the US and the UK. The main index jumped 68.71 points or 1.08 percent to close at 6,458.20 as Conglomerates led the advance while Miners declined with weaker gold prices. Volume grew to 738...
The Yuchengco Group’s Rizal Commercial Banking Corporation rode on the strength of its consumer loans and credit card portfolios to grow unaudited consolidated net income by 10 percent to ₱2.43 billion in the first quarter of 2025. The bank disclosed to the Philippine Stock Exchange that its...
The PSEi bounced back from the previous day’s profit-taking after investor sentiment was buoyed by the low Philippine inflation rate for April plus a number of positive corporate earnings reports. The main index rose by 59.06 percent or 0.93 percent to close at 6,418.69 with the Services sector...
The local stock market dipped after a short series of minor gains as investors remain cautious amid unpredictable policy shifts by the US on tariffs and attacks by Trump on the independence of the Federal Reserve. The main index shed 10 points or 0.16 percent to close at 6,158.48 as Miners rallied...
The PSEi dropped on profit-taking as investors held on to cash ahead of the Lenten break. The main index fell by 57.50 points or 0.93 percent to close at 6,128.60 as the Services counter led the retreat while only Miners managed to advance. Volume remained thin at 951 million shares worth P4.21...
While conditions are rosy at the domestic front, cautious trading is expected at the local stock market as investors would not want to leave their bets during the Lenten break, wary that global markets remain restive and another tweak in US tariff policy can sent global markets into another...
Trump’s decision to delay and reduce tariffs spurred the market to rally further, although profit-taking trimmed some gains. The Philippine Stock Exchange index (PSEi) jumped 71.48 points or 1.19 points to close at 6,077.82 on Thursday, April 10, with Miners leading the charge. Volume...
The Yuchengco Group’s Rizal Commercial Banking Corporation (RCBC) reported a 22 percent drop in net income to ₱9.5 billion last year from the record-high ₱12.2 billion earned in 2023, which had included non-recurring gains. In a disclosure to the Philippine Stock Exchange, the bank said its...
Zobel-led property giant Ayala Land Inc. (ALI) is raising ₱75 billion to partly fund its capital expenditures amounting to ₱95 billion in 2025, while infusing ₱20.99 billion worth of mall, office, and hotel assets into real estate investment trust unit AREIT Inc. ALI President Anna Ma....
The Ayala Group continues to dispose of non-core businesses with the sale of its telehealth provider KonsultaMD to Metro Pacific Health Tech Corporation (mWell) so it can better focus on more promising endeavors. The move comes after the sale of a portion of its stake in GCash to Mitsubishi and the...
Rizal Commercial Banking Corporation (RCBC) has raised $350 million from the U.S. dollar debt markets through its $4 billion Medium Term Note Program. In a disclosure to the Philippine Stock Exchange, the bank announced the successful pricing of its five-year Senior Unsecured Fixed Rate...
Yuchengco-led Rizal Commercial Banking Corporation (RCBC) has issued the initial price guidance at five-year US Treasury plus 145 basis points for its planned offering of benchmark-sized US-dollar senior unsecured sustainability notes. In a disclosure to the Philippine Stock Exchange (PSE), the...
