Local share prices continued to weaken due to concern over the rising number of cases of a new strain of COVID in the UK. (Photo credit: https://www.pse.com.ph) The main index shed 22.50 points or 0.31 percent to close at 7,202.39 with only the Property index rising. Volume was higher at 22.72...
The local equities market is “doing very well” despite the global economic shock triggered by the pandemic, the Department of Finance (DOF) said, citing a report of the Philippine Stock Exchange (PSE). In a statement, the DOF quoted PSE President Ramon Monzon as saying that the Philippines’...
Local shares weakened slightly Friday after failing to breach the 7,300 level. The Philippine Stock Exchange index (PSEi) retreated 25.22 points, or 0.35 percent, to close at 7,272.80 with sectoral indices evenly mixed. Photo credit: (https://www.pse.com.ph/) Volume rose to 23.55 billion shares...
Leading global private equity firm CVC Capital Partners (CVC) is investing P6 billion to Fast Group (Fast), the Philippines leading end-to-end logistics player, to further boost Fast’s continued development and further expansion across the country. Brice Cu, CVC Capital Partners managing...
SB Capital Investment Corporation (SB Capital), the investment arm of Security Bank Corporation (SBC), was recently recognized by The Asset and FinanceAsia Awards for its participation in several fund-raising activities. In a statement, SBC said SB Capital was cited for its role as lead arranger,...
The country’s first Creative City has now opened its doors to 1,000 tourists daily Photos courtesy of Zaldy Comanda ARTIST TREE The giant Christmas Tree at the heart of the Summer Capital At about 4,600 feet above sea level, 250 kilometers north of Manila, nestled within the Cordillera mountain,...
The local stock market managed to sustain the previous day’s rally despite a weak start as investors continued to buy up shares. The main index rose 71.06 points or 1.01 percent to close at 7,080.62 with only the Services and Mining and Oil counters retreating. Volume eased to 3.9...
The Duterte administration has tapped anew the overseas debt markets to bridge the government’s wider budget deficit and cushion the impact of the COVID-19 pandemic, the Bureau of the Treasury announced. The national government is offering to overseas investors its 10.5-year and 25-year...
A tripartite agreement was signed today for the private sector donation to the government of 3-million dosage of COVID-19 vaccine, estimated to cost P700 million. The agreement “Angat Lahat: A Dose of Hope” was signed today by Presidential Adviser for Entrepreneurship and Nego Negosyo...
By BERNIE CAHILES-MAGKILAT Toyota Motor Philippines (TMP), the country’s largest car company, has acknowledged that while it continued to import vehicles to meet local demand it also said that producing vehicles locally is an even more essential part of the economic recovery efforts of the...
The local stock market continued to correct yesterday as investors take profit from the surge in prices last week. The Philippine Stock Exchange index (PSEi) dropped 51.83 points, or 0.74 percent, to close at 6,918.05 with only the Financials and Industrial counters managing to...
The stock market ended lower on the last trading day of the week on concerns over damages wrought by Typhoon Ulysses. The Philippine Stock Exchange index (PSEi) dropped 54.38 points, or 0.77 percent, to close at 6,969.88 with only the Property and Mining & Oil counters in the green....
