The local stock market dropped on concern over the weaker peso and the escalation of the war between Russia and Ukraine. The main index fell 82.88 points or 1.21 percent to close at 6,780.13 with Conglomerates leading the retreat while Miners bucked the trend. Volume fell to 605 million shares...
Gen Z in developing Asian countries, including the Philippines, are as confident in their financial expertise as Millennials and Gen X, showing greater ambition and a strong desire to climb the socioeconomic ladder, a new survey revealed. “Zoomers [Gen Z] are equally likely to consider themselves...
The PSEi continues to rally following last week’s steep dive and is now close to the 7,000 level as the central bank said its rate cut plan is unchanged while investors are more upbeat now with US-Philippine relations under incoming President Trump. The main index surged by 172.44 points or 2.53...
(MANILA BULLETIN) The House of Representatives has approved on third and final reading House Bill (HB) No. 10914, or the “Free OFW Financial Education Act", in a bid to further its commitment to protect and "empower modern-day heroes"--the overseas...
The PSEi has risen back to the 6,800 level as investors continue picking up bargains while digesting last week’s corporate results. The main index added 41.84 points or 0.62 percent to close at 6,803.19 with the Services sector leading the advance while Conglomerates lagged behind. Volume dipped...
Local share prices rose further as investors continued to pick up bargains. The main index added 84.70 points or 1.27 percent to close at 6,761.35 as Conglomerates led the advance while Industrials, Services, and Miners declined. Volume was firm at 696 million shares worth P5.78 billion as...
BACOLOD CITY – The city government has allotted P10-million financial assistance through the Sustainable Livelihood Program (SLP) for 1,000 Persons with Disabilities (PWDs) in this city. THE Department of Social Services and Development (DSSD) through the Sustainable Livelihood Program...
Despite stock prices falling to bargain levels, the market remains bearish amid concerns about the weaker peso, potential US interest rate cuts, and US policies under the new political leadership. “The local market’s technical indicators continue to show a bearish bias, with the bourse falling...
The local stock market finally pulled away from its seven-day dive after investors found bargain prices too hard to resist. The main index jumped 119.56 percent or 1.82 percent to close at 6,676.65 as Industrials and Banks led the rebound although Conglomerates got left behind. Volume was firm at...
(MANILA BULLETIN) The House of Representatives has approved on second reading two measures that aim to strengthen financial safeguards for Overseas Filipino Workers (OFWs). Sponsored by Tingog Party-list Rep. Jude Acidre, both House Bill (HB) No....
Local share prices plunged as the Philippines faces headwinds including a weaker peso, lower foreign investments, and slower economic growth. The main index fell 129.9 points or 1.87 percent to close at 6,810.11 with the Property and Services sectors leading the retreat across the board. Volume...
The local stock market continues its bearish trend, breaking below the 7,000 support line, but, cheaper prices and the prospect of a rate cut may encourage buying activity while investors await foreign direct investment and remittance data. "Foreign funds have been exiting the market, and technical...
