The local stock market is seen moving sideways as it benefits from quarter-end window dressing and some bargain hunting although cautious investors may opt to hold on to cash ahead of the long Easter weekend. “At 6,881.97, the local market is still at attractive levels with a price-to-earnings...
Senator Alan Peter Cayetano assured consumers that the passage of the proposed Anti-Financial Account Scamming Act (AFASA) into law would help put a stop to the persistent problem of digital highway robbery. Cayetano, chairperson of the Senate Committee on Science and Technology, and...
The local stock market pulled back from the previous day’s spike as investors cashed out ahead of the weekend marking the start of the Holy Week when many are expected to go on vacations. The Philippine Stock Exchange Index (PSEi) fell 82.25 points or 1.17 percent to close at 6,881.97 as the...
BACOLOD CITY – Fourteen former communist rebels received financial and livelihood assistance totaling P980,000 in Negros Oriental on Wednesday, March 20. GOV. Manuel Sagarbarria (ninth from left) leads the turnover of P980,000 worth of cash and livelihood assistance to 14 former members of the...
The local stock market jumped after the US Federal Reserve assured that its rate cut plans are unchanged. The main index rose 106.45 points or 1.55 percent to close at 6,963.22 as the Services sector led the advance across the board. Volume declined to 977 million shares worth P6.34 billion as...
CEBU CITY – The provincial government of Bohol has extended financial assistance to the families of five New People’s Army rebels who died in an encounter with government troops in Bilar last month. AUMENTADO (FB) Through the Provincial Social Welfare and Development, Gov. Aris Aumentado handed...
The local stock market inched up as investors continued to wait for the results of the US Federal Reserve meeting. The main index added 8.34 points or 0.12 percent to close at 6,856.77 as sectoral indices were evenly divided with the Services counter chalking the biggest gain. Volume rose to 786...
The local stock market dipped slightly as investors turned cautious ahead of the release of US economic data. The main index shed 4.86 points or 0.07 percent to close at 6,848.43 as Miners led the decline while Banks and Property firms advanced. Volume was firm at 897 million shares worth P5.79...
The local stock market bounced from last Friday’s steep drop but lost most of its intraday gains as investors remain cautious ahead of the release of US economic data and the Fed meeting. The main index added 30.97 percent or 0.45 percent to close at 6,853.29, after rising above the 6,900 level...
After the PSEi broke its 7-week rally while failing to breach the 7,000 resistance level, the local stock market is seen to wait for fresh cues from the Federal Reserves meeting this week (March 19-20). “Last week’s drop opens doors for bargain hunting opportunities. However, a strong rally...
The local stock market fell due to less than favorable US economic data which further supported growing concern that interest rate cuts are not coming soon. The main index plunged by 145.64 points or 2.09 percent as the Property sector led the retreat while the Mining and Oil counter was the only...
The Financial Stability Coordination Council (FSCC) sees substantial refinancing of maturing corporate bonds and loans this year as it weighs the impact of 'fresh uncertainties' overseas on the domestic economy. FSCC is an inter-agency council where the principals from the Bangko Sentral ng...
