The Philippine Stock Exchange index (PSEi) rose for the third day in a row on Monday, May 25, as oil prices continued to decline on hopes for successful peace negotiations between the United States (US) and Iran. The main index added 47.98 points, or 0.8 percent, to close at 6,009.38. Banks led the...
Trusting Social Philippines is targeting partnerships with the country’s 10 largest banks, part of a broader push to deepen its footprint in the local financial market with artificial intelligence-driven (AI) risk and identity solutions. The Singapore-based financial technology firm has so far...
The Philippine Stock Exchange index (PSEi) rose again in thin volume on Friday, May 22, on hopes of peace between the United States (US) and Iran, which has also led to lower world crude oil prices. The main index added 40.70 points, or 0.69 percent, to close at 5,961.40. Conglomerates led the...
Private employers can now claim a dual tax deduction if they match or exceed the retirement contributions of their employees, the Bangko Sentral ng Pilipinas (BSP) said, as policymakers seek to deepen the domestic capital market and boost corporate participation in the country’s voluntary savings...
Philippine financial system’s total resources swelled to ₱37.45 trillion in the first quarter of 2026, fueled by resilient banking sector that managed to outpace macroeconomic headwinds and heightened geopolitical tensions in the Middle East. Preliminary data from the Bangko Sentral ng...
Local stocks edged lower as investors weighed warnings from President Ferdinand Marcos Jr. that persistent global supply disruptions could push the economy into stagflation. The benchmark Philippine Stock Exchange index (PSEi) dropped 3.40 points, or 0.06 percent, to close at 5,893.40 on Wednesday,...
Local equities fell for a consecutive session, with the benchmark index slipping below a key psychological support level as rising global oil prices and sputtering peso triggered the selloff. The Philippine Stock Exchange index (PSEi) dropped 44.72 points, or 0.75 percent, to finish at 5,896.8 on...
Local stocks retreated on Friday, May 15, pulling the benchmark index back below the 6,000 psychological threshold as sliding peso and cooling remittance data prompted investors to reduce exposure ahead of the weekend. The Philippine Stock Exchange index (PSEi) fell 38.26 points, or 0.64 percent,...
Local equities market climbed back above the key psychological threshold on Thursday, May 14, as late-session bargain hunting offset persistent anxiety over macroeconomic pressures and geopolitical volatility. The Philippine Stock Exchange index (PSEi) advanced 68.25 points, or 1.15 percent, to...
The peso shed 26 centavos against the United States (US) dollar on Thursday, May 14, closing at a fresh record low of ₱61.64 from ₱61.38 last Wednesday, May 13. According to the Bankers Association of the Philippines (BAP), the local currency hit an intraday low of ₱61.66 and a high of...
The Philippine Stock Exchange index (PSEi) dropped further on Wednesday, May 13, due to mixed corporate earnings results as well as uncertainty in the Middle East and in local politics. The main index lost 25.2 points, or 0.42 percent, to end at 5,946.78. The industrial sector led the decline,...
Yuchengco-led Rizal Commercial Banking Corp. (RCBC) is positioning its Hexagon Club premium banking program as a financial platform tailored to the evolving needs of Filipino mothers, highlighting services aimed at supporting household financial management, savings, and long-term wealth planning....
