The local stock market continued to trek higher after the announcement of a favorable inflation rate for December. The main index rose 42.83 points or 0.64 percent to close at 6,761.33 as Banks led the advance while the Services and Mining counters declined. Volume improved slightly to 1.85 billion...
Local share prices surged to the 6,700 level on the second day, Jan. 4, of trading in 2023 as more investors returned to the market from the holidays. The main index jumped 132.49 points or 2.01 percent to close at 6,718.59 as the Mining and Services sectors led the rally across the board. Volume...
The local stock market is off to a good start as investors begin the 2023 with renewed optimism. The main index rose 19.62 points or 0.30 percent to close at 6,586.01 as the Mining and Oil sector led the advance while Banks and Property firms lagged behind. Volume remained thin at 2.06 billion...
Prime Energy, a subsidiary of the Razon Group’s Prime Infrastructure Capital Inc., has convened an advisory council composed of technical experts and key industry leaders for the exploration and development of the Malampaya gas field. In a statement, Prime Infra said the advisory council will...
Given suboptimal performance and persisting inequitable access, the Philippine education system needs swift action to address the current education crisis, state think tank Philippine Institute for Development Studies (PIDS) emphasized. A study “Philippine Education: Situationer, Challenges, and...
Share prices declined before the long Christmas weekend as US markets weakened on continued worries over rates and recession. The main index shed 35.91 points or 0.55 percent to close at 6,541.03 Friday, Dec. 23, as Conglomerates led the retreat while the Industrial and Services sectors managed to...
AbaCore Capital Holdings Inc. committed to continue paying dividends of not less than 10 percent per year to its investors, affirming the company’ strong financial performance. In a disclosure to the Philippine Stock Exchange, the firm said the dividends for the succeeding periods will come from...
Stocks bounce on bargain-hunting By JAMES A. LOYOLA The local equities market bounced after a series of losses as investors started to pick up cheaper stocks. The main index added 43.85 points or 0.68 percent to close at 6,458.12 with the Services sector leading the advance although Banks lagged...
The local stock market continued to drop on worries over a possible recession in the US. The main index lost 82.23 points or 1.27 percent to close at 6,414.27 with the retreat led by the Services sector, mainly due to PLDT’s plunge, with only the Property counter advancing. Volume jumped to 1.31...
ILOILO CITY – The airport at the resort-island of Sicogon in Carles town, Iloilo province has officially resumed operations. A 50-seat turbo plane of AirSWIFT rests at the airstrip of Sicogon, the resort-island in Carles town, Iloilo province. The airline resumed its Manila-Sicogon and vice...
The local stock market dropped further on growing fears that the US will go into recession. The main index fell 70.30 points or 1.07 percent to close at 6,496.50 as the Mining and Oil sector led the retreat with only the Industrial counter managing to hold its ground. Volume was stable at 558...
The local stock market dropped on concern that the US Federal Reserve will keep rates high as inflation remains elevated. The main index lost 48.27 points or 0.73 percent to close at 6,566.80 as the Services sector led all counters in the retreat. A total of 2.06 billion shares worth P7.27 billion...
