BY Carlos Cervantes The year 1990 marked the beginning of my banking career in Mindanao, where I was immediately immersed in the world of microfinance as an account officer for a local Thrift Bank. As a thrift institution, our mandate was to extend credit to Micro, Small, and Medium Enterprises...
The local stock market rose as investors cheered the passage of a law that will reduce the stock transaction tax while also betting that the inflation rate would remain low last May. The main index added 11.13 points or 0.18 percent to close at 6,352.66 as the Property sector led the advance,...
After its weak performance last week, the local stock market will now be waiting for the release of the country’s inflation data for cues as to which direction to take. “Next week, the local market is expected to take cues from various economic data. Primarily, investors are expected to watch...
The PSEi dipped again as investors remained cautious and took profits late in the trading day after President Marcos asked heads of government controlled corporations to resign for another top level reshuffling. The main index shed 12.99 points or 0.20 percent to finish at 6,412.81 with Miners...
From what we 've seen, the second Trump administration wouldn 't exactly tiptoe around US interest rate timing. Just recently, US President Donald Trump called US Federal Reserve Chairman Jerome Powell a “fool” for acting “too late” in lowering the central bank’s benchmark rate;...
he PSEi rose after the US announced another pause in the implementation of tariffs on products from the European Union. The main index added 41.18 points or 0.64 percent to close at 6,425.80 as Banks led gains accross the board. Volume improved to 601 million shares worth P6.3 billion as gainers...
All Bangko Sentral ng Pilipinas (BSP)-supervised financial institutions (BSFIs) have been ordered to strengthen their risk management procedures by integrating the screening of negative news reports—such as fraud, crime, and scandals involving customers—into their customer due diligence and...
The Philippine Stock Exchange index (PSEi) ended slightly negative as investors continue their wait-and-see stance as several economic data are die for release later this week. The main index shed 5.32 points or 0.08 percent to close at 6,384.62 with sectoral indices equally divided. Volume...
High performance is often connected to burnout. However, there are many ways to avoid burnout while striving for high performance. People are increasingly realizing that excelling in their work or any endeavor doesn 't have to come at the cost of burnout. When one is passionate about what they...
The PSEi declined on mixed trading as investors waited for the release of economic data due this week. The main index shed 23.16 points or 0.36 percent to close at 6,389.94 with sectoral indices equally divided. Volume was low at 486 million shares worth P4.74 billion as gainers outnumbered losers...
Stock investors are expected to take cues from the release of a slew of data this week, which includes the Philippines’ budget and trade balance numbers as well as US gross domestic product and jobless claims. Rizal Commercial Banking Corporation Chief Economist Michael L. Ricafort said upcoming...
Before the Israel-Hamas conflict broke out in 2023, this writer was blessed to join a Holy Land pilgrimage in Israel. One of the highlights of the visit was the Church of the Holy Sepulcher in Jerusalem, one of the holiest places in Christendom, believed to encompass both Golgotha, the site of...
