The Philippine stock benchmark climbed for a sixth consecutive session, reclaiming the 6,600 level as a strengthening peso and optimistic corporate earnings outlooks spurred a broad-based rally. The Philippine Stock Exchange index (PSEi) advanced 71.89 points, or 1.1 percent, to finish at 6,619.87...
Local stocks climbed for a fifth consecutive session to reach a nine-month high as strengthening peso and robust corporate earnings results insulated the market from the broader global selloff. The Philippine Stock Exchange index (PSEi) gained 59.47 points, or 0.9 percent, to finish at its intraday...
The Philippine Stock Exchange index (PSEi) gained on the back of positive corporate earnings reports as well as the United States (US) high court ruling against US President Donald Trump’s tariffs. The main index added 23.39 points, or 0.36 percent, to close at 6,488.51. Miners led the advance,...
The Commission on Higher Education (CHED) has welcomed the reconstitution of the Executive Committee (ExeCom) of Executive Order (EO) No. 570, series of 2006, marking a renewed effort to institutionalize peace education across Philippine schools and universities. EO 570 integrates peace education...
Local stocks climbed for a third consecutive session Friday, Feb. 20, buoyed by the central bank’s recent pivot toward monetary easing and stabilizing currency. The Philippine Stock Exchange index (PSEi) gained 57.97 points, or 0.90 percent, to finish at 6,465.12. Financial stocks led the...
Megawide Construction Corp. is aiming to build as much as 100,000 socialized housing units valued at ₱180 billion under the government’s flagship housing program, as the company scales up its industrial pre-cast capabilities to address a chronic national shortage. Megawide Chairman and Chief...
The Philippine Stock Exchange index (PSEi) declined for the third straight session on Monday, Feb. 16, as its investors cashed out before the Lunar New Year holiday and the Bangko Sentral ng Pilipinas ’ (BSP) policy meeting. The main index shed 16.03 points, or 0.25 percent, to close at...
The Philippine Stock Exchange index (PSEi) fell on continued profit-taking on Friday, Feb. 13, after the government reported a steep fall in foreign investment pledges. The main index dropped 86.67 points, or 1.34 percent, to close at 6,384.58. Miners led the retreat across the board. Volume...
Local equities snapped a two-day winning streak on Thursday, Feb. 12, as investors moved to lock in gains from recent rally, tracking the broader retreat in global markets following strong United States (US) labor data. The Philippine Stock Exchange index (PSEi) declined 27.57 points, or 0.42...
As the competitiveness of the Philippines’ sugar industry slowly deteriorate, Senator Risa Hontiveros has called on the Senate to review the country’s existing laws, particularly the Sugar Regulatory Administration (SRA) charter and the Sugar Industry Development Act (SIDA) of 2015. Hontiveros...
The PSEi surged as the stronger Peso and rise in foreign investments fueled today’s rally. The main index jumped by 125.44 points or 1.98 percent to close at 6,474.60 with the Services sector leading the charge across the board. Volume was weak though at 754 million shares worth P6.86 billion as...
Filinvest Development Corp. (FDC), the investment vehicle of the Gotianun family, is signaling a continued push for expansion following record-breaking performance last year. FDC Chief Operating Officer Ysmael V. Baysa said the conglomerate aims to sustain its growth trajectory by maintaining high...
