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...
The local stock market ended the week with more losses as investors grow more concerned about a potentially more dangerous variant of COVID-19. The main index dropped 90.83 points or 1.23 percent to close at 7,278.44 as the Property and Services sectors led all sub-indices in the retreat....
The local stock market dropped due to selling pressures. The main index lost 49.83 points or 0.67 percent to close at 7,369.27 as the Holding Firms counter led the retreat although the Industrial and Mining and Oil counters managed to advance. 48775 Volume stayed in the same range with 1.31 billion...
Pasay City Mayor Emi Calixto-Rubiano gave financial assistance to the relatives of four members of the tricycle operators and drivers association (TODA) who died due to several causes on Tuesday, Nov. 23. Rubiano personally handed over P17,000 in cash to the relatives of Armando Boco, a member of...
The Philippine Stock Exchange index managed to advance although there was some profit taking after the previous day’s spike in share prices. The benchmark index added 17.94 points or 0.24 percent to close at 7,419.10 on Wednesday, Nov. 24, although only the Holding Firms and Property counters...
