The local stock market is seen to be swayed by corporate earnings reports, the government’s decision on whether to ease quarantine restrictions, as well as lingering concern over US interest rates. “Next week, we expect the local market to take cues from the government’s decision on the alert...
The PSEI lost the previous day’s gains as it ended what has been a week of see-saw trading. The main index shed 22.55 points or 0.30 percent to close at 7,251.97 as the Property sector led the retreat although the Banks and Industrial sectors posted strong gains. Volume jumped to 1.2 billion...
media Artificial intelligence (AI) could be a game changer in financial services because it can be used to develop customer-centric solutions in financial services, said Union Bank of the Philippines (UnionBank) Head of AI Center of Excellence Dr. Adrienne Heinrich. "Besides looking at AI solutions...
The COVID-19 pandemic shocked the world and many of us had to adapt to a new normal. The Filipinos continue to face new challenges with the rise of the Omicron variant and many of us find different ways on how to cope with our current situation. The past two years introduced numerous shifts in our...
The local stock market bucked the regional trend and managed to move up after the release of better-than-expected economic numbers for the last quarter of 2021. The main index gained 19.91 points or 0.27 percent to close at 7,273.52 as Banks led the advance although the Holding Firms and Mining and...
The PSEi lost the previous day’s gains as investors trade cautiously while waiting for the US Federal Reserve to announce the results of its ongoing meeting. The main index dropped 34.69 points or 0.47 percent to close at 7,253.61 as Banks led the decline while the Mining and Oil counter bucked...
The local stock market rose as investors have become cautiously optimistic that quarantine measures may be eased in the National Capital Region where the COVID-19 variant Omicron surge appears to have peaked. The main index gained 35.57 points or 0.49 percent to close at 7,288.21 as the Industrial...
Here’s how banks can help employers empower their employees and improve their financial well-being Have you ever heard of ‘financial stress?’ According to experts, this condition refers to that state of anxiety or emotional tension related to money, debt, and expenses. Money, in fact, is one...
Senator Grace Poe on Tuesday called on banks and other financial institutions to toughen its stance against cybercrime especially at a time more people are turning to digital transactions. Poe, who chairs the Senate Committee on Banks, Financial Institutions and Currencies, made the appeal...
By EMMIE V. Abadilla As the air cargo business boomed and passenger traffic gradually improved, the pressure on the global airline industry’s operating profitability eased in the third quarter of last year, according to the International Air Transport Association (IATA)'s December 2021 to January...
Local share prices weakened as investors wait for the US Fed’s meeting as well as the release of the latest Philippine gross domestic product numbers. The main index lost 40.88 points or 0.56 percent to close at 7,252.64 as Banks led the retreat across the board. Volume remained low at 1.96...
The local stock market will take cues this week from the US Federal Reserve’s first round of Federal Open Market Committee meeting as well as the release of the Philippines’ fourth quarter gross domestic product data. “The Fed's first round of FOMC this year on Jan 25-26 (statement out on the...
