Domestic equities snapped a two-day decline, rallying as investors capitalized on lower valuations after the United States (US) issued an interim waiver on Iranian energy exports, dragging global crude prices to a three-month low. The Philippine Stock Exchange index (PSEi) advanced 1.51 percent, or...
The Philippine Stock Exchange index (PSEi) fell on Monday, June 22, after Iran walked out of peace talks and closed the Strait of Hormuz again, while the Philippine government reduced its economic growth estimates due to the war and lower infrastructure spending. The main index plunged by 100.33...
The Securities and Exchange Commission (SEC) is drafting a regulatory framework for market making in listed securities as part of its ongoing efforts to revitalize the capital market and align local market practices with international standards. In a statement on Monday, June 22, the SEC said the...
Local equities face renewed downward pressure as resurfacing geopolitical friction in the Middle East and prospects of further domestic monetary tightening threaten to derail a recent market rally. Investor sentiment is turning bearish following the postponement of peace negotiations between the...
Local equities market retreated at the end of the week as investors pared back risk following the central bank 's hawkish policy stance and the sudden disruption to geopolitical diplomatic efforts in Europe. The Philippine Stock Exchange index (PSEi) slipped 18.31 points, or 0.3 percent, to...
Local equities market halted its downward trajectory, staging a recovery after the United States (US) and Iran signed the preliminary accord aimed at a permanent peace agreement, but gains were severely capped after the central bank went ahead with an expected interest rate increase, prompting...
Local equities tumbled the most in more than a month as investors rushed to lock in gains ahead of the central bank’s interest rate decision, with heavyweights leading the retreat. The Philippine Stock Exchange index (PSEi) plunged by 130.94 points, or 2.1 percent, to close at 6,114.81 on...
The long-awaited initial public offering (IPO) of the company behind the popular e-wallet GCash—expected to be the country’s largest-ever listing by raising more than $1 billion—is finally underway as the company formally takes its first step toward going public. Mynt Inc., backed by Globe...
Maynilad Water Services Inc. has tapped International Finance Corp. (IFC) for a $500,000 infrastructure advisory services project aimed at strengthening the west zone concessionaire’s sustainability and resilience strategy. In a disclosure last Monday, June 15, IFC said the project was approved...
Local stocks declined as an afternoon wave of profit-taking erased morning gains, cutting short a rally that had pushed the benchmark index to its highest intraday level in recent sessions. The Philippine Stock Exchange index (PSEi) decreased 27.13 points, or 0.43 percent, to close at 6,245.75 on...
The Philippine Stock Exchange (PSE) is planning a drastic reduction in capitalization requirements for exchange-traded fund (ETF) issuers, cutting the threshold to as low as ₱1 million from ₱250 million, in a regulatory overhaul aimed at reviving the dormant asset class. The local bourse is...
Global markets and local investors are bracing for a volatile week as looming policy decisions from the United States (US) Federal Reserve and the Bangko Sentral ng Pilipinas (BSP) collide with fluid geopolitical developments in the Middle East. Traders are closely tracking whether a definitive...
