The Philippine Stock Exchange index (PSEi) gained on Monday, July 7, buoyed by another extension of the deadline for the United States’ (US) imposition of higher tariffs. The main index added 29.67 points, or 0.46 percent, to close at 6,425.24. Banks led the advance, while mining and conglomerate...
Tanco-led online gaming firm Digiplus Interactive Corporation has launched a ₱6 billion share buyback program to show confidence in the company’s prospects and to support its share price, which has slid following concerns over possible government measures to limit access to its popular games....
Philippine stock investors cashed out for the weekend after the government reported higher national debt, while there is also concern over the deadline for US trade negotiations next week. The main index dropped 73.41 points or 1.13 percent to close at 6,395.57 on Friday, July 4, with the Property...
A couple of months before the much-anticipated Capital Markets Efficiency Promotion Act (CMEPA) took effect, my friend Carmen got in touch about a five-year-plus-one placement offered by a publicly listed universal bank, promising a pretty good yield. Considering and understanding that transaction...
The Philippine Stock Exchange index (PSEi) climbed on Thursday, July 3, as investors anticipated a benign June inflation rate, despite recent oil price hikes. The main index rose 49.93 points, or 0.78 percent, to close at 6,468.98. Conglomerates led the advance, while Industrial and Services...
The Philippine Stock Exchange index (PSEi) inched lower on Wednesday, July 2, as investors awaited the country 's June inflation report, while developments in the United States dampened sentiment. The benchmark index shed 4.8 points, or 0.07 percent, to close at 6,419.05, with sectoral indices...
As manufacturers experience only mild producer price inflation, central banks in emerging markets (EMs), including the Philippines, are expected to cut interest rates some more in the near term. “Encouragingly, the price components of the PMIs [purchasing managers’ indices] fell again in June....
The Philippine Stock Exchange index (PSEi) resumed its upward trend on Tuesday, July 1, driven by improved investor sentiment following the implementation of a lower stock transaction tax. The main index climbed 58.91 points, or 0.93 percent, to close at 6,422.85. The advance was led by...
While the recent reduction in the cost of trading stocks in the Philippines is expected to boost market activity at the Philippine Stock Exchange (PSE), more needs to be done to develop the local capital market, particularly in investor education. During the bell-ringing ceremony at the PSE marking...
The Republic Act No. 12214 or the Capital Markets Efficiency Promotion Act (CMEPA), which became effective on July 1, was designed to encourage every Filipino to invest their hard-earned money to build a better future, President Marcos said. As Marcos led the special bell-ringing at the Philippine...
The local stock market ended lower as investors pocketed gains from the PSEi’s four-day advance last week, as investors exercise caution amid developments in the Middle East and while waiting for more economic data. The main index lost 43.33 points or 0.78 percent to close at 6,364.94 with the...
A slightly higher inflation rate that remains below two percent in June would allow the Bangko Sentral ng Pilipinas (BSP) to cut interest rates some more in August, economists said. In a June 27 report, Deutsche Bank Research economist Junjie Huang said headline inflation could have inched up to...
