The Department of Finance (DOF) wants financial technology (Fintech) companies in the country to be properly regulated and taxed while encouraging the sector’s growth and continued innovation. In a statement, DOF Secretary Carlos G. Dominguez III said Tuesday, Nov. 16, that he has tasked the...
Not a lot of companies draw a direct line between the financial well-being of their employees and their performance at work. This is something that on-demand salary access provider, Advance, aims to address with their Advance Mag-isip campaign. The Advance Mag-isip campaign is a series of...
The local stock market saw some profit-taking at the start of the week as investor sentiment was weighed down by negative news from overseas. The main index dropped 40.47 points or 0.55 percent to close at 7342.37 as the Mining and Oil counter fell while only the Holding Firms sector managed to...
Stocks to take cues from politics, COVID cases James A. Loyola The local stock market is seen to be swayed by recent political developments this week although investors continue to be optimistic amid the reopening of the economy and the generally positive corporate results for the third quarter....
The local stock market bounced from its two-day correction yesterday as investors continue to regain optimism. The Philippine Stock Exchange index (PSEi) rose 51.19 points, or 0.70 percent, to close at 7,382.84 although sectoral indices were evenly mixed with Property stocks leading the advance...
The local stock market continued to be pulled lower by profit-taking following the decline in US bourses. The main index lost 44.03 points or 0.60 percent to close at 7,331.65 as the Property sector led the retreat while the Services counter managed to hold its ground. 45341 Volume was lower at...
The local stock market finally yielded to some profit-taking after a 6-day rally tracking a similar pause in US bourses. The main index dropped 65.99 points or 0.89 percent to close at 7,375.68 with heavyweights Banks and Holding Firms leading the retreat. Losers beat gainers 116 to 77 with 56...
The local stock market rose to a new 2021 high for the third straight session, this time spurred by the higher-than-expected growth in gross domestic product for the third quarter. PSE_NEW The main index gained 45.45 points or 0.82 percent to close at 7,441.67 as the Services sector led the rally...
The local stock market sustained last week’s winning streak on Monday, with the PSEi hitting its highest level so far this year, as investors remained bullish amid the downtrend in COVID cases and the coming announcement of the Philippine gross domestic product. The main index added 55.45 points...
The Financial Executives Institute of the Philippines (FINEX) has lauded the government’s decision that lowered Metro Manila’s quarantine status to a more relaxed alert level. In a statement, Francisco Ed Lim, FINEX president said the National Capital Region’s (NCR) shift to Alert Level 2...
After breaching the 7,300 level, the local stock market is seen to test its strength further this week to see if it can reach the 52-week high of 7,432.40 for the Philippine Stock Exchange Index (PSEi). “While last week’s rally could invite selling pressures, the market is still seen to have an...
The local stock market surged to end the week at its highest level this year as investors cheered the lower-than-expected inflation rate for October and the loosening of quarantine restrictions. The main index jumped 137.05 points or 1.90 percent to close at 7,340.77 as the Property and Services...
