The local stock market was little changed Friday, Aug.22, as investors waited for the Bangko Sentral ng Pilipinas (BSP) interest rate cut expected next week. The Philippine Stock Exchange Index (PSEi) edged up 3.71 points, or 0.06 percent, to close at 6,281.58. The interest-rate sensitive property...
The main index of the Philippine Stock Exchange (PSEi) ended on Wednesday, Aug. 20, flat as investors awaited the results of the Federal Reserve meeting before making any major moves. The PSEi eked out a marginal gain of 0.2 points, or 0.003 percent, to close at 6,277.87. Sectoral indices were...
Sumitomo Mitsui Financial Group Inc. (SMFG), through Sumitomo Mitsui Finance and Leasing Co. Ltd. (SMFL) is acquiring a 30-percent equity stake in RCBC Leasing and Finance Corp. (RLFC) of Yuchengco-led Rizal Commercial Banking Corp. (RCBC). In a disclosure to the Philippine Stock Exchange (PSE),...
The Philippine Stock Exchange index (PSEi) dipped as investors continued to wait for market-moving news. The main index shed 11.21 points, or 0.18 percent, to close at 6,277.67 on Tuesday, Aug. 19. The Services counter led the decliners, while the Conglomerates and Mining sectors managed to...
The Philippine Stock Exchange index (PSEi) started the week on a soft note as share prices declined amid a lack of fresh catalysts. The main index dropped 27.05 points, or 0.43 percent, to close at 6,288.88. Sectoral indices were mixed. Volume declined to 747 million shares worth ₱6.18 billion,...
Coal power projects are strutting back, and the developers are swinging “the need for baseload demand” as their backstage pass to justify new projects. Even Energy Secretary Sharon Garin is waving the green flag for coal, signaling to the media that if moratorium-exempt projects clear the...
The Philippine Stock Exchange composite index (PSEi) ended the last trading day of the week on the upside after investors picked stocks later in the session on news of stronger remittances. The main index added 24.08 points, or 0.38 percent, to close at 6,315.93. The industrial sector led the...
Davao tycoon Dennis A. Uy’s PH Resorts Group Holdings Inc. (PHR) has already written-off its investments in its shelved Emerald Bay integrated casino-resort project in Mactan, which led to a ₱6.75-billion net loss for the first half of 2025. The firm informed the Philippine Stock Exchange (PSE)...
The Philippine Stock Exchange index (PSEi) dropped on concern that the Philippine national debt will balloon further next year. The main index shed 33.24 points, or 0.53 percent, to close at 6,291.85, although sectoral indices were equally divided. “The market slipped today as some investors may...
Yuchengco-led Rizal Commercial Banking Corp. (RCBC) and Capital A’s AirAsia rewards have teamed up to launch AirAsia Platinum Credit Card, offering travel insurance coverage of up to ₱5 million, while also upgrading the classic variant with lower foreign exchange (forex) fees. During the...
The local stock market bounced after dropping in the previous three sessions as investors started bargain hunting. The main index added 35.49 points or 0.57 percent to close at 6,289.85 on Tuesday, Aug. 12, as Conglomerates led the advance while Banks continued to decline. Volume jumped to 756...
The Philippine banking industry ended the first half of 2025 with a combined net profit of ₱198.1 billion in June, up 4.1 percent from last year’s ₱190.3 billion, driven by double-digit growth in net interest income. Data from the Bangko Sentral ng Pilipinas (BSP) released on Tuesday, Aug....
