Local equities market climbed back above the key psychological threshold on Thursday, May 14, as late-session bargain hunting offset persistent anxiety over macroeconomic pressures and geopolitical volatility. The Philippine Stock Exchange index (PSEi) advanced 68.25 points, or 1.15 percent, to...
The Bangko Sentral ng Pilipinas (BSP) is moving to finalize a World Bank-backed roadmap for financial education this year, seeking to bolster the savings and investment habits of Filipinos as the country pursues deeper economic inclusion. In a May 14 statement, the BSP said the central bank is...
The modern marketer is changing fast, and I do not think many organizations fully realize how deep that shift is. For years, companies built marketing teams around specialization. One person handled branding; another focused on advertising. Others owned communications, social media, events,...
The Philippine Stock Exchange index (PSEi) dropped further on Wednesday, May 13, due to mixed corporate earnings results as well as uncertainty in the Middle East and in local politics. The main index lost 25.2 points, or 0.42 percent, to end at 5,946.78. The industrial sector led the decline,...
Local equities retreated as the breakdown in diplomatic efforts between Washington and Tehran sent oil prices higher and weighed on the local currency. The benchmark Philippine Stock Exchange index (PSEi) fell 14.87 points, or 0.25 percent, to close at 5,971.98 on Tuesday, May 12, snapping a brief...
The provincial government of La Union has started the distribution of cash assistance to 209 farmers and fisherfolk as the first batch of recipients affected by super typhoon ‘’Uwan’’ (international name ‘’Fung-Wong’’) last year and amid the rising fuel costs. The first batch are...
The Philippine Stock Exchange index (PSEi) rose on Monday, May 11, on bargain hunting—particularly in stocks that posted encouraging first-quarter performances. The main index added 25.88 points, or 0.43 percent, to close at 5,986.85. The property sector led the advance, while conglomerates and...
The Philippine stock market is expected to remain cautious and bearish as investor sentiment stays tied to developments in the Middle East and the impact of the conflict on the domestic economy. “The local market is expected to move with a bearish bias this week as it deals with the...
The global economy is currently shivering from the fallout of tensions in the Middle East, and for millions of Filipinos, that chill is felt most acutely at the gas pump and the grocery store. When you live in a country where a significant portion of the population is still fighting to stay above...
Local equities retreated as weaker-than-expected economic growth print and escalating tensions in the Middle East prompted investors to pocket gains before the weekend. The Philippine Stock Exchange index fell 73.3 points, or 1.2 percent, to close at 5,960.97 on Friday, May 9. The Services sector...
The Philippine Stock Exchange index (PSEi) climbed back above the 6,000 threshold, shrugging off the weaker-than-expected economic growth report as investors focused on potential diplomatic breakthroughs between the United States (US) and Iran. The benchmark gauge advanced 67.06 points, or 1.1...
Reports indicate a condominium glut of 74,000 to 75,300 unsold units, an inventory that could take 5.8 to 8.2 years for the market to absorb. A similar trend is emerging in residential housing, where “For Sale” and “For Rent” signs multiply with few takers in a softening market. Why did...
