The inter-agency Financial Stability Coordination Council (FSCC) reassured that Philippine banks maintain robust capitalization and ample liquidity buffers, navigating through global and local challenges. The BSP said in a statement released on Monday, July 7, that during the FSCC’s meeting for...
A decade after the passage of Republic Act No. 10687—which established the Unified Student Financial Assistance System for Tertiary Education (UniFAST)—most of its key responsibilities remain unfulfilled. This was revealed during a recent review of the Commission on Higher Education (CHED)...
The research heads of local stock brokers Abacus Securities Corporation and COL Financial have slashed their year-end forecasts for the Philippine Stock Exchange’s benchmark index because foreign investors (hot money and direct investments) continue to stay away, while corporate earnings growth...
Cautious trading is expected to prevail at the Philippine stock market this week as investors await developments following the July 9 deadline for United States trade negotiations. “We may see cautious sentiment as global trade uncertainties may take center stage again. This is as the US’ trade...
Philippine stock investors cashed out for the weekend after the government reported higher national debt, while there is also concern over the deadline for US trade negotiations next week. The main index dropped 73.41 points or 1.13 percent to close at 6,395.57 on Friday, July 4, with the Property...
The Philippine Stock Exchange index (PSEi) climbed on Thursday, July 3, as investors anticipated a benign June inflation rate, despite recent oil price hikes. The main index rose 49.93 points, or 0.78 percent, to close at 6,468.98. Conglomerates led the advance, while Industrial and Services...
The Philippine Stock Exchange index (PSEi) inched lower on Wednesday, July 2, as investors awaited the country 's June inflation report, while developments in the United States dampened sentiment. The benchmark index shed 4.8 points, or 0.07 percent, to close at 6,419.05, with sectoral indices...
The Philippine Stock Exchange index (PSEi) resumed its upward trend on Tuesday, July 1, driven by improved investor sentiment following the implementation of a lower stock transaction tax. The main index climbed 58.91 points, or 0.93 percent, to close at 6,422.85. The advance was led by...
The local stock market ended lower as investors pocketed gains from the PSEi’s four-day advance last week, as investors exercise caution amid developments in the Middle East and while waiting for more economic data. The main index lost 43.33 points or 0.78 percent to close at 6,364.94 with the...
Most Filipinos struggle to safeguard their finances when natural disasters strike—a troubling reality for a country like the Philippines, which faces severe climate risks, according to the Organization for Economic Cooperation and Development (OECD). “Many people living in Cambodia and the...
Makati City Mayor Abby Binay underscored the need for the city to sustain its current standing as a financially stable, transparent, and fiscally responsible local government that is providing exemplary services to its citizens. “For the past nine years, we took bold steps to revolutionize public...
The upcoming reduction in the Philippine stock transaction tax, effective Tuesday, is expected to boost trading activities, as investors remain cautiously optimistic despite global markets and oil prices being sensitive to developments in the Middle East. “The local market managed to bounce back...
