The PSEi declined on mixed trading as investors waited for the release of economic data due this week. The main index shed 23.16 points or 0.36 percent to close at 6,389.94 with sectoral indices equally divided. Volume was low at 486 million shares worth P4.74 billion as gainers outnumbered losers...
Stock investors are expected to take cues from the release of a slew of data this week, which includes the Philippines’ budget and trade balance numbers as well as US gross domestic product and jobless claims. Rizal Commercial Banking Corporation Chief Economist Michael L. Ricafort said upcoming...
After reducing the number of shares for its initial public offering (IPO), Maynilad Water Services Inc. may tighten the offer price to between ₱12 and ₱14 per share from its initially indicated maximum offer price of ₱20 per share based on investor interest during its ongoing bookbuilding...
The PSEi rose on the last trading day of the week as uncertainties eased after President Marcos chose to keep his economic team intact after asking his cabinet secretaries to tender their courtesy resignations. The main index jumped 107.73 points or 1.71 percent to close at 6,413.10 as Banks led...
A man celebrating his birthday and his three friends were nabbed in a drug den during a buy-bust operation launched by the Rodriguez, Rizal Police and Philippine Drug Enforcement Agency (PDEA), authorities said on Thursday, May 22. Police said the operation was conducted on May 20 in Barangay San...
The Philippine Stock Exchange Index (PSEi) resumed its downward trek after a day’s pause as investors cashed out while waiting to see how the President will reconstitute his cabinet. The main index dropped 69.98 points or 1.10 percent to close at 6,305.37 with only the Mining sector managing...
The Yuchengco Group’s Rizal Commercial Banking Corporation, one of the largest banks in the Philippines, is planning raise a still-undetermined amoung from an offering of fixed rate peso-denominated bonds. In a disclosure to the Philippine Stock Exchange, the bank said the bonds will be issued...
The local equities market finally bounced after a five-day correction as investors began to pick up cheaper stocks. The main index added 40.02 points or 0.63 points to close at 6,375.35 led by the jump in the Mining sector on the back of higher gold prices. Volume was relatively stable at 712...
Authorities confiscated P788,000 worth of shabu from four individuals, including a man who allegedly sources illegal drugs from Quezon City and distributes them to several barangays in Rodriguez, Rizal. The Rizal Police Provincial Office (Rizal PPO) identified the man who sources shabu from...
The PSEi fell today, its fifth straight day of declines, on delayed reaction to the Moody’s downgrade of its credit rating for the US. The main index dropped by 119.51 points or 1.85 percent to close at 6,335.33 with the Services sector leading the retreat across the board. Volume rose to 1.35...
With the Philippine stock market on a six-week winning streak, investors will decide if gains can be sustained by taking cues from the release of the country’s balance of payments data, US jobs and home sales reports, as well as recent corporate earnings results. “The local market is already on...
A 32-year-old man was nabbed by the Cainta Municipal Police for raping a woman who asked him for help in looking for her missing live-in partner in Cainta, Rizal, the Rizal Police Provincial Office (Rizal PPO) said on Thursday, May 15. The police identified the suspect as alias "Bayas," 32, a...
