For the local capital market, 2024 was a year of unmet expectations as global economic and geopolitical tensions took bourses worldwide, including the Philippines, on a roller-coaster ride. The year began with optimism. The Philippine Stock Exchange was projected to end the year at the 7,000 to...
The local stock market dipped on the last trading day of the year as index heavyweights continued to drag down the PSEi even though more stocks were up. The main index shed 10.23 points or 0.16 percent to close 2024 at 6,528.79 as Banks suffered the biggest loss while Mining stocks surged. Volume...
The local stock market fell on strong foreign selling as investors wait for the US Federal Reserve and Bangko Sentral ng Pilipnas' (BSP) last policy meetings for the year. The main index plunged by 113.45 points or 1.72 points to close at 6,501.71 with Banks leading the retreat across the board....
The PSEi declined as investors exercised caution while waiting for developments in the US. The main index dropped 43.14 points or 0.63 percent to close at 6,806.86 as the Services sector led the retreat with only Banks managing to advance. Volume fell to 588 million shares worth P4.6 billion as...
The local stock market fell due to a possible Trump win in the US elections. The main index lost 92.52 points or 1.27 percent to close at 7,165.42 with the retreat led by the Property sector. Volume dipped to 1.33 billion shares worth P4.58 billion as losers beat gainers 105 to 83 with 49...
The country’s top lender BDO Unibank Inc. (BDO) reported a 12 percent year-on-year (YoY) growth in net profit to P60.6 billion in the first nine months of 2024. In a disclosure to the Philippine Stock Exchange (PSE), the bank said its growth in net income was driven by the sustained contribution...
Holding firm Aboitiz Equity Ventures Inc. (AEV) reported a four percent improvement in consolidated net income to P18.8 billion for the first nine months of 2024, from the P18 billion reported for the first nine months of 2023. In a disclosure to the Philippine Stock Exchange (PSE), the firm...
Chinabank Destinations Mastercard and Chinabank HomePlus were honored as the best in the country at the Philippine Awards 2024 - Excellence in Retail Financial Services Awards of The Asian Banker (TAB) on Sept. 27, 2024, at Shangri-La, The Fort. Chinabank Destinations Mastercard was named the Best...
From left: ICD Chairman Pedro Maniego Jr., Philippine Stock Exchange Chief Operating Officer Roel Refran, Chinabank Chief Finance Officer Patrick Cheng and Independent Director Genaro Lapez, Securities and Exchange Commission Chairman & Chief Operating Officer Emilio Aquino, and ICD Vice...
The local stock market shrugged off profit-taking fears and shot up to the 7,400 level following the central bank’s announcement of a reduction in the reserve require ratio.
Chinabank has made it in TIME World’s Best Companies of 2024, a ranking of the top 1,000 firms across the globe in terms of employee satisfaction, revenue growth, and ESG (environmental, social, and corporate governance) performance. This year's ranking, led by Apple, Accenture, and...
After numerous failed attempts this year, the Philippine Stock Exchange’s benchmark index finally closed above the 7,000 resistance level on expectations of rate cuts and a stronger Philippine economy. The PSEi surged 79.79 points or 1.15 percent to 7,024.67 with the interest rate-sensitive...
