The Philippine Stock Exchange index (PSEi) registered an increase on Wednesday, Aug. 6, fueled by optimism that the Bangko Sentral ng Pilipinas (BSP) will cut key interest rates and support the peso. The main index gained 17.02 points, or 0.27 percent, to close at 6,370.65. Sectoral indices were...
The local stock market posted a marginal gain on Tuesday, Aug. 5, following the government 's report that inflation eased in July. The Philippine Stock Exchange index (PSEi) rose by 4.98 points, or 0.08 percent, to close at 6,353.63. The Property sector led the advance, while only the Banks...
Financial literacy is a must-have tool, especially for younger folks navigating today’s complex economy. In the Philippines, where more and more people are getting credit cards, knowing how to manage credit and use it wisely is more important than ever. My own kids, Carl and Nia, really showed me...
The PSEi continued to rise on bargain hunting as investors anticipate a benign inflation rate for July while the peso also firmed up. The main index added 42.52 points, or 0.67 percent, to close at 6,348.65. Sectoral indices were equally divided, with the property counter leading advancers. A total...
The local stock market will be taking cues from several Philippine economic reports—including inflation, jobs, and gross domestic product (GDP)—as well as corporate earnings while the recent weakness of the peso and concern over United States (US) tariffs will continue to cast a shadow over...
The local stock market finally paused from its six-day losing streak as investors finally decided to pick up bargains after the United States (US) extended its tariff deadline. The main index rose by 53.40 points, or 0.85 percent, to close at 6,306.13. Conglomerates led the advance, although miners...
The Philippine Stock Exchange index (PSEi) extended its losing streak, dropping 65.50 points or 1.04 percent to close at 6,252.73 on Thursday, July 31. Mining shares led the broad retreat. Volume increased to 902 million shares valued at P7.85 billion, with losers outnumbering gainers 134 to 61,...
The Philippine Stock Exchange index (PSEi) closed in the red for the fifth consecutive day, as investors exercised caution ahead of an Aug. 1 deadline for talks on US tariffs. The main index shed 7.19 points, or 0.11 percent, to close at 6,318.23 on Wednesday, July 30. Banks led the decline, while...
British financial technology (fintech) giant Revolut is set to enter the Philippine market by establishing its second Global Tech Hub in Asia, as part of its goal to reach 100 million customers worldwide. In a statement released on Wednesday, July 30, the Department of Finance (DOF) said the entry...
The Philippine Stock Exchange index (PSEi) fell for the fourth consecutive day, reacting to the President’s State of the Nation Address (SONA) which investors felt did not adequately address pressing economic concerns. The main index shed 54.33 points, or 0.85 percent, to close at 6,325.42 on...
Local newspapers have reported an ongoing investigation into a ₱1.4 billion investment in Alternergy Holdings Corp.’s perpetual preferred shares, valued at ₱14.5 per share, under a private placement deal with Alternergy. This deal, reportedly not cleared with the Government Service Insurance...
The PSEi dropped for the third-consecutive day as investors wait for President Ferdinand Marcos Jr.’s State of the Nation Address (SONA) and also due to the weaker peso. The main index lost 33.43 points, or 0.52 percent, to close at 6,379.75. Miners led the retreat, while the services sector...
