The local stock market posted more gains but off the day’s high after investors were quick to take profit. The main index was up 14.91 points or 0.21 percent to close at 7,304.79 with only the Property and Mining & Oil counters in the red. A total of 19.98 billion shares worth...
Consumers will experience another pinch in the pocket this week as the price of gasoline will rise by P0.85 per liter; and diesel by P0.30 per liter, as announced by the industry players. Kerosene, which is the other fuel commodity retailed at the pumps, will also increase by P0.25 per liter,...
The local stock market is seen to be vulnerable to profit-taking this week as investors weigh risks posed by the new coronavirus strain against optimism over a US stimulus package as well as the roll-out of vaccines overseas. “Next week, the market could trade sideways with a downward bias. We...
Business tycoon Manuel B. Villar has emerged as the only Filipino listed in Bloomberg Billionaire Index, a daily ranking of the world’s top 500 richest people, amid the economic turmoil caused by the pandemic. Business tycoon Manuel B. Villar (FACEBOOK / FILE PHOTO / MANILA BULLETIN) Based on the...
Local share prices rose after backtracking for two days as investors started picking up cheaper stocks. PSE file photo (Photo credit: https://www.pse.com.ph) The PSEi regained 71.76 points or 1.92 percent to close at 7.119.61 as sub-indices were green across the board. Volume declined to 46.43...
The Securities and Exchange Commission (SEC) has green-lighted the country’s first crowdfunding platform that will connect small, medium and emerging enterprises with banks and other lenders. A joint venture between Filinvest Development Corporation and Investree Singapore Pte. Ltd., Investree...
Toyota Motor Corporation (TMC) Japan, which local subsidiary Toyota Motor Philippines (TMP) imports 39 completely built up (CBU) models, said the Philippines’ imposition of safeguard measures on imported CBU passenger cars and light commercial vehicles (LCVs) will not lead to increased...
This year, NLEX Corporation continues building its three major road projects - Subic Freeport Expressway (SFEX) Capacity Expansion, Candaba Viaduct Upgrade and NLEX Connector. “These will improve traffic flow and connectivity, as well as promote road safety for hundreds of thousands of motorists...
Local share prices weakened further as investors worry over the new strain of the coronavirus that is causing a spike in COVID-19 cases. The main index dropped 86.33 points or 1.21 percent to close at 7,047.85 as all sectors lost ground. Volume remained high at 22.68 billion shares worth P11.91...
Philippine share prices retreated after US markets opened the year in the red on concerns over COVID-19 and the run-off elections in Georgia. The main index lost 63.32 points or 0.88 percent to close at 7,134.18 with only the Industrial counter holding its ground. Volume increased to 30.76 billion...
For consumers still travelling back from their holiday break, they will need to cough up additional cash on their fuel budgets because the price of gasoline will rise by P0.45 per liter this week. The oil companies similarly advised that diesel prices will increase by P0.30 per liter; while...
San Miguel Corporation Sports Director Alfrancis Chua said he is meeting Barangay Ginebra San Miguel center Greg Slaughter in hopes to discuss the latter’s contract situation with the Kings after missing the team’s campaign in the previous season. Chua said Saturday he is hoping to settle...
