The local stock market ended flat after investors immediately pocketed early gains. The main index was 1.59 percent or 0.03 percent lower at 6,369.28 with sectoral indices evenly mixed. Volume was low at 3.03 billion shares worth P4.39 billion as losers beat gainers 111 to 83 with 56...
Gotianun family-led Filinvest Development Corporation (FDC) is allotting P21.2 billion for capital expenditures this year as it aims to continue expanding organically and through partnerships despite uncertainties faced by the economy. During the firm’s annual stockholders’ meeting,...
Philippine stocks fell as investors pocketed recent gains ahead of the weekend. The main index lost 116.64 points or 1.8 percent to close at 6,379.87 with only the Mining and Oil counter advancing. Volume rose to 6.77 billion shares worth P8.62 billion as losers outpaced gainers 110 to 92...
The local stock market managed to post some gains despite the extension of quarantine measures in the capital region. PSE file photo The main index inched up by 18.37 points or 0.28 percent to close at 6,487.51 with only the Holding Firms counter giving way to profit-taking. However,...
An administrative order implementing the Local Government Reform Project (LGRP) has been signed by President Duterte. President Duterte with Finance Secretary Carlos Dominguez III (File photo: Malacañang) In Administrative Order No. 40, the President created an Interagency Governing Board (IGB)...
Local share prices rose Wednesday, (April 28) on bargain hunting and window-dressing. The (Philippine Stock Exchange index (PSEi) jumped 112.67 points, or 1.77 percent, to close at 6,469.14 as the Holding Firms and Property counters led gains across the board. (Photo credit:...
Local stocks weakened Tuesday, (April 27) amid indication that current lockdown measures will not be eased at the end of the month as COVID cases remain high. The Philippine Stock Exchange index (PSEi) dropped 32.92 points or 0.52 percent to close at 6,356.47 with only the Mining and Oil counter...
Share prices rose marginally amid thin trades as some investors opted to pick up cheaper stocks. The main index gained 11.32 points or 0.18 percent to close at 6,389.38 with only the Industrial and Holding Firms counters retreating. Photo credit: (https://www.pse.com.ph/) Turnover was low at 4.51...
President Duterte has formally appointed Karl Kendrick T. Chua as socioeconomic planning secretary as well as head of the National Economic and Development Authority (NEDA). One-year after serving the positions in an acting capacity, Chua is now officially the government’s chief economist and...
Contecon Guayaquil S.A. (CGSA), International Container Terminal Services, Inc. (ICTSI)’s subsidiary in Ecuador, welcomed the creation of a special economic zone at the country’s main seaport to boost foreign trade. This week, CGSA, together with national government and port authority...
The local stock market ended the week lower Friday, ( April 23) after US stocks diver overnight. The Philippine Stock Exchange index (PSEi) retreated 37.46 points, or 0.58 percent, to close at 6,378.07 with only the Financials counter holding its ground. Volume improved slightly to 2.04...
The possibility of the government opening up the local market to more imported sugar remains to be one of the major factors why the country’s local sugar production is seen not improving this year or in the next years to come. This, according to international data, has remained to be “the...
