How would you feel if the government were to borrow some of your hard-earned savings from the banks? Well, generally, banks do not take your feelings into consideration. In reality, they are allowed to utilize the savings of their depositors, which are sitting idle in their vaults, and invest them....
The local stock market finally bounced back after US Treasury yields eased and spurred a rally in US bourses. The main index rose by 46.15 points or 0.75 percent to close at 6,225.78 with Banks leading all sectoral indices higher. Volume was still low though, at 415 million shares worth P3.31...
The battered local stock market continued to drop, this time after US Treasury yields hit a 16-year high. The main index fell by 77.88 points or 1.24 percent to close at 6,212.39 as Conglomerates led the retreat while Banks managed to advance. Volume amounted to 391 million shares worth P4.79...
While the local stock market has been on a steady decline - down to its lowest level in nine months -- analysts do not see much relief as investor sentiment has turned bearish due to a confluence of negative factors. “The local market closed last week at 6,290.27, its lowest close since November...
DBP Chairman, Dante O. Tiñga (seated, center), and DBP President and Chief Executive Officer, Michael O. de Jesus (seated, second from left), are shown during the loan agreement signing between DBP and Pueblo De Oro Development Corporation. Also in photo are (seated, from left): Pueblo...
The local stock market finally made a stronger bounce as funds picked up cheaper blue chips late in the session. The main index rose by 74.18 points or 1.17 percent to close at 6,410.09 as the Mining and Oil sector led the advance although Banks lagged behind. Volume dropped to 385 million...
Late buying nudged up the Philippine Stock Exchange (PSE) benchmark index as investors picked up bargains following steep losses in past days. The main index inched up by 6.72 points or 0.11 percent to close at 6,335.91 as the Services sector did the heavy lifting while the Industrial and Mining...
The Lucio Tan Group’s Philippine National Bank (PNB) posted a 12.6 percent decline in net profits to P9.7 billion for the first six months of 2023 from P11.1 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the bank said it saw sustained growth in net...
Security Bank Corporation reported a 21 percent drop in net income to P4.9 billion in the first half of 2023 from the P6.2 billion earned in the same period last year due to higher expenses and provisioning. In a disclosure to the Philippine Stock Exchange, the bank said it saw growth in core...
The Philippine government must act now to protect and make use of the Reed Bank, a part of the West Philippine Sea that is being claimed by China, as energy prices might eventually shoot up due to the country's depleting resources, retired senior associate justice Antonio Carpio said Thursday,...
Philippine Saving Bank (PSBank), the consumer and retail banking arm of the Metrobank Group, has maintained the highest Issuer Credit Rating of PRS Aaa (corp.), with a Stable Outlook, from Philippine Rating Services Corporation (PhilRatings). A company rated PRS Aaa (corp.) has a very strong...
The local stock market fell after the government reported slower economic growth for the second quarter of 2023. The main index lost 80.79 points or 1.24 percent to close at 6,449.66 as the Mining and Oil counter led all sectors in the retreat. Volume was still weak at 513 million shares...
