The local stock market finally succumbed to profit-taking after rallying in the past week. The PSEi dropped 69.59 points or 0.94 percent to end at 7,362.62 as Banks led the retreat while Miners bucked the trend as gold prices rise. Volume remains robust at 1.07 billion shares worth P8.05 billion as...
The local stock market rose further but ofc the day’s high as already positive investor sentiment was boosted by gains in US bourses. The main index added 14.96 points or 0.20 percent to close at 7,432.21 as the Property sector led the advance while Conglomerates and Services lagged behind....
The local stock market may see initially some profit-taking this week following its recent rally although sentiment remains generally upbeat and will continue to buoy share prices. “The local market has been showing bullish momentum, rising for three straight weeks, with the latest one getting it...
The local stock market continues to rally and was up by more than a hundred points to breach the 7,300 level intraday as investors grow more upbeat amid monetary policy changes that will release more money into the system. The main index rose by 50.16 points or 0.70 percent to close at 7,252.32 as...
BACOLOD CITY – Eighteen former New People’s Army (NPA) members received P360,000 in livelihood assistance from the Department of Social Welfare and Development in Guihulngan City, Negros Oriental on Wednesday, September 18. EIGHTEEN former New People’s Army (NPA) rebels each receive P20,000...
The local stock market landed above the 7,200 level after the US Federal Reserve slashed interest rates as expected. The main index added 46.26 points or 0.65 percent to close at 7,202.16 led by the surge in Mining and Bank stocks with only Industrials declining. Volume jumped to 698 million shares...
The local stock market closed lower on late profit-taking on heavyweights as investors continue to wait for word from the US Federal Reserve. The main index dropped 19.46 points or 0.27 percent to end at 7,155.90 with sectoral indices split. Volume dipped to 865 million worth P6.01 billion as...
Aboitiz-led UnionBank of the Philippines has landed among the world's top issuers of digital bonds, according to the ranking of economic think tank Official Monetary and Financial Institutions Forum (OMFIF). In the OMFIF Digital Monetary Institute's Digital Assets 2024 report launched on Sept. 17...
Philippine equities continued to rally as investors bet on a rate cut announcement by the US Federal Reserve. The main index raced up 71.16 points or one percent to close at 7,175.36 as Conglomerates led the charge with only the Services counter lagging behind. Volume was strong at 713 million...
Public funds will serve its purpose under the new roadmap the government has put in place, President Marcos said. In receiving the Public Financial Management (PFM) Reforms Roadmap 2024-2028, Marcos has assured the public through the roadmap, public funds will be used to expand social services,...
The financial industry remains a prime target for cyberattacks, despite the Bangko Sentral ng Pilipinas’ (BSP) new framework to enhance cyber resilience, a global cybersecurity and digital privacy company has warned. Kaspersky, a cybersecurity firm, reported that the finance sector...
The local stock market continued to strengthen and rose to the 7,100 level, boosted by the continued optimism about the local economy as well as by the higher US bourses last Friday. The main index jumped by 81.35 points or 1.16 percent to close at 7,104.20 with Miners and Banks leading the rally...
