The local stock market rose further as optimism generated by the lower inflation rate overcame news of weaker US equities. The main index added 28.12 points or 0.41 percent to close at 6,936.09 with Conglomerates leading the advance while the Services and Mining counters lagged behind. Volume was...
The local stock market firmed up after the August inflation rate dropped lower than expected. The main index added 25.85 percent or 0.38 percent to close at 6,907.97 but sectoral indices were still evenly divided. Volume was lower at 517 million shares worth P5.07 billion as gainers edged out...
The Department of Trade and Industry (DTI) has issued the Domestic Bidders (DoBid) Certificate of Preference for Cemex Holdings Philippines’ APO Cement and SOLID Cement. Cemex Philippines said the DoBid certification assures consumers and government contractors that APO Cement and SOLID...
Carlo L. Katigbak, president and chief executive officer (CEO) of ABS-CBN Corp., has joined the board of life insurance firm AIA Philippines. In a statement, AIA Philippines announced Katigbak's appointment as an independent director for the insurer, previously known as Philam Life, "bringing 30...
COOP-NATCCO Party-list Rep. Felimon Espares (Contributed photo)) A ranking congressman has told the Department of Energy (DOE) and the Energy Regulatory Commission (ERC) to ensure that upcoming power plants are consistently accessible to the...
The PSEi recovered from early losses to close flat as investors initially sold down stocks following weak US markets overnight. The main index shed just 0.8 points or 0.01 percent to close at 6,882.12 with sectoral indices evenly divided. Volume was a little higher at 653 million shares worth P5.56...
Pangilinan-led Manila Electric Company is gaining a firmer control over SP New Energy Corporation (SPNEC) by raising its interest to 50.5 percent with the acquisition of an additional stake worth P7.5 billion from its founder Leandro Leviste. Meralco PowerGen Corporation (MGen) is buying another...
Local share prices softened on profit-taking due to lack of fresh cues as US markets were closed while inflation numbers are not due until Thursday. The main index dropped 40.49 points or 0.58 percent to 6,882.92 as the Services sector led the retreat while Conglomerates bucked the trend....
SM Investments Corporation, through its SMAC (SM Advantage Card) loyalty program, and Philippine Airlines’ (PAL) Mabuhay Miles, have renewed their partnership with the implementation of higher conversion rates. Effective Sept. 1, the conversion structure of SMAC Points to Mabuhay Miles and vice...
The local stock market managed to advance as investors remain upbeat amid prospects of lower interest rates. The main index added 25.87 points or 0.38 percent to close at 6,923.41 with sectoral indices mixed. Volume was lower at 555 million shares worth P4.89 billion as gainers outnumbered losers...
Consumers will have to bear new round of financial strain this week on their daily drive to work as gasoline prices will rise by P0.50 per liter; and diesel by P0.30 per liter, based on the pricing advisories of the oil companies. Kerosene, which is the other commodity in the triumvirate of weekly...
While Ghost Month ends on Sept. 2, the local stock market is seen to continue to consolidate just below the 7,000 resistance level as investor sentiment remains upbeat although eyes will be on the August inflation numbers later this week. “The market could move with an upward bias on the back of...
