The PSEi rose on upbeat United States (US) data and expectations of a Bangko Sentral ng Pilipinas (BSP) rate cut next week, but failed to close above the 6,400-level due to concerns over Israel’s bombing of targets in Iran. The main index added 14.27 points, or 0.22 percent, to close at 6,395.59....
The Philippines has a "low" sovereign debt risk despite its ballooning obligations, but think tank Capital Economics cautioned that emerging markets (EMs) with better managed public finances should not rest on their laurels amid lingering fiscal strains. In a June 12 report authored by Capital...
Currently savoring the positive impact of its recently acquired Compose Coffee in South Korea, Asian food and beverage giant Jollibee Foods Corporation is reportedly acquiring Korean fried chicken chain owner Norang Food for $95 million in August this year. According to The Korea Times,...
The Philippine Stock Exchange index (PSEi) dropped after the Bangko Sentral reported that foreign direct investments slid in the first quarter of the year. The main index lost 58.46 points, or 0.91 percent, to close at 6,347.67, as Banks led the retreat across the board. Volume rose to 1.45 billion...
The Philippine Stock Exchange index (PSEi) started the week on firmer footing after the government reported higher international reserves, while US and China agreed to more trade talks. The main index added 29.34 points or 0.46 percent to close at 6,406.13 on the back of advances by Conglomerates...
Atome, a buy-now-pay-later provider operating in Southeast Asia, has secured a $75 million asset-backed financing deal from investment firm Lending Ark, supporting its push to expand financial access in the Philippines. The Lending Ark Asia provided the financing for a secured private debt fund,...
The Philippine Stock Exchange index (PSEi) ended the day almost flat despite the announcement of a low inflation rate for May, as this was already expected and priced in by the market. The main index shed 1.77 points or 0.03 percent to close at 6,376.79, although only Banks declined, while the...
As BDO Capital & Investment Corporation (BDO Capital) celebrates its 25th anniversary, its focus remains on driving business growth, generating employment, and contributing to the country’s economic progress. From a small player to becoming a leading investment bank, BDO Capital continues to help...
The Philippine Stock Exchange index (PSEi) fell on Wednesday, June 4, as investors opted to secure profits from the past two trading sessions while awaiting clearer signals from upcoming inflation figures. The main index shed 34.3 points (0.53 percent), closing at 6,378.56. The mining sector...
The local stock market rose further as investors continued to bank on expectations of a low inflation rate for May that increases chances for a rate cut. The main index jumped 60.20 points or 0.95 percent to close at 6,412.86 as the interest rate-sensitive Property sector led the advance while...
The local stock market rose as investors cheered the passage of a law that will reduce the stock transaction tax while also betting that the inflation rate would remain low last May. The main index added 11.13 points or 0.18 percent to close at 6,352.66 as the Property sector led the advance,...
Lopez-led First Gen Corporation has formally reported to the Securities and Exchange Commission (SEC) that it will be unloading 60 percent of its gas businesses to Prime Infrastructure Capital Inc., a company owned by billionaire Enrique Razon, for ₱50 billion through the execution of a term...
