The local stock market rose as investors start buying stocks seen to do well next year. The Philippine Stoc k Exchange index (PSEi) gained 44.38 points or 0.62 percent to close at 7,241.99 although only the Banks and Holding Firms counters advanced while the Services sector led decliners. PSE_NEW...
Senator Sherwin Gatchalin on Tuesday urged the banking industry to invest more on modern security banking solutions to induce confidence among financial consumers. Rather than telling the public how to avoid being a victim of cybercriminals, Gatchalian said banks should prioritize the protection of...
Senatorial aspirant and Sorsogon Governor Francis “Chiz” Escudero on Monday urged banks to ensure that 10 percent of their loan portfolio goes to micro, small and medium enterprises (MSMEs) financing. Escudero, who used to head the Senate committees on finance, and banks and financial...
Senator Nancy Binay has said the Bangko Sentral ng Pilipinas (BSP) should first seek congressional approval before it introduces any design changes on coins and bank notes. Binay made the suggestion in light of the removal of three World War II martyrs in the redesigned P1,000 banknote, saying a...
As the stock market seems to have calmed down from the initial panic reaction to the Omicron variant, investors will be watching out for inflation figures this week and see how central banks will telegraph their moves. “Inflation will be a key theme for next week—or rather, the expected...
Senator Sherwin Gatchalian on Sunday urged the Bangko Sentral ng Pilipinas (BSP) to ensure that financial consumers who were victimized by the recent online banking hacking incident are protected while its investigation is ongoing. Gatchalian said he is considering filing a resolution seeking a...
The tandem of presidential aspirant Ferdinand "Bongbong" Marcos Jr. and vice presidential candidate Sara Duterte-Carpio has pledged to focus on giving Filipinos stable jobs and financial security should they win in the 2022 elections. Marcos Jr.'s camp on Friday said the presidential aspirant...
The local stock market declined at the end of the trading week after investors pocketed gains from the recent rally in share prices. The main index dropped 42.75 points or 0.59 percent to close at 7,192.17 as banks led the retreat across the board. 52188 Volume rose to 3.57 billion shares worth...
The local stock market rose on the back of growing optimism that the Omicron variant will not be as bad as initially feared. The main index jumped 87.62 points or 1.23 percent to close at 7,234.92 as banks led the advance with only the Property sector posting a marginal decline. PSE_NEW Volume...
The local stock market managed to end higher after treading in the red most of the day following to release of positive economic data. The main index added 26.56 points or 0.23 percent to close at 7,147.30 although most sectors were down with banks postings the biggest losses while only the Holding...
Pag-IBIG Fund members have saved more than P52 billion in the last 10 months, breaking yet another record for the period and exceeding full year figures from before the pandemic, top agency officials announced on Wednesday (Nov.24). From January to October 2021, the amount collectively saved by...
Stocks rose again but closed off the day’s peak as investor sentiment was boosted by gains in US bourses. The main index gained 22.65 points or 0.32 percent to close at 7,055.19 as sub-indices were evenly mixed with the Property sector advancing the most. Volume weakened to 1.3 billion shares...
