The local stock market will be taking cues this week from the result of the last meeting of the US Federal Reserve to see if it will start tempering its previously aggressive rate hikes. “Last week, the local bourse staged a 1.39 percent rebound. However, an extension of its ascent is still...
The local stock market bounced from last Wednesday’s drop on more optimism over the US and Chinese economies. The main index rose 54.96 points or 0.84 percent to close at 6,580.12 as the Services sector led at advance while Banks and Industrials retreated. Volume remained steady at 516 million...
Philex Mining Corporation, one of the oldest and largest gold and copper producers in the Southeast Asia, has found additional mineable reserves in its Padcal Mine that will extend its mine life by three more years. In a disclosure to the Philippine Stock Exchange, the firm said it has successfully...
China Banking Corporation has maintained its regional and local standing as one of the best-governed publicly listed companies in the 2021 ASEAN Corporate Governance Scorecard (ACGS) assessments. At the recent virtual awarding by the Institute of Corporate Governance, China Bank was recognized anew...
Diversified conglomerate San Miguel Corporation (SMC) was named Forbes Magazine’s annual list of the World’s Best Employers which includes 800 firms from some 57 countries. In a statement, SMC said it is number 174 overall, and is one of just two firms based in the Philippines--along with...
Local share prices fell after the previous day’s spike after weakness i US markets prompted investors to take profits. The main index lost 149.22 points or 2.24 percent to close at 6,525.16 as the Property sector led the retreat although the Services and Mining and Oil counters managed to stay...
The Philippine Dealing and Exchange Corporation (PDEx) has approved the planned listing of Aboitiz Equity Ventures’ (AEV) P20 billion fixed-rate retail bonds, which includes oversubscriptions. In a disclosure to the Philippine Stock Exchange, AEV said the 2022 Bonds consist of a base offer in the...
The local stock market ignored the high November inflation rate amd surged on positive news overseas. The main index jumped 232.25 points or 3.61 percent to close at 6,674.38 as Conglomerates led the rally. Volume improved to 582 million shares worth P6.04 billion as gainers beat losers 100 to 81...
The National Development Company (NDC), the government investment arm attached to the Department of Trade and Industry (DTI), said it is currently exploring collaborations for potential investments in the establishment of a fill and finish facilities, and eventually bulk vaccine production plants....
The local stock market lost early gains to end lower as investors opted to take profits late in the session. The main index lost 47.52 points or 0.73 percent to close at 6,442.13 as the Services sector led the retreat although the Industrial and Property counters remained in the green. Volume eased...
iPeople, inc., the education partnership between the Yuchengco and Ayala groups, is seeking to merge subsidiaries National Teachers College (NTC) and Affordable Private Education Center Schools (APEC). In a disclosure to the Philippine Stock Exchange, iPeople said the shareholders and boards of...
The week may start with some bargain hunting following the PSEi’s plunge last Friday after hitting overbought levels, but the November inflation report on Tuesday will determine the stock market’s direction in the following days. Online brokerage 2TradeAsia.com said “The Fed's shift in tone...
