The much-vaunted initial public offering (IPO) of GCASH, the leading mobile wallet service, may be pushed back despite the improved market sentiment following the successful and peaceful mid-term election.Yes, Virginia, market sentiment has shifted from the subdued conditions at the start of the...
Renewable energy (RE) firm Alternergy Holdings Corporation is eyeing to wrap up construction works for its four projects before the end of the year.During the Alter PSE Investor Day, Gerry P. Magbanua, president of Alternergy, explained that they are aiming to increase its RE capacity through...
Cebu Air Inc., the operator of Gokongwei-led budget carrier Cebu Pacific, reported that its net income declined by 79 percent in the first three months of the year, driven by costs related to its fleet and network expansion.In a disclosure to the Philippine Stock Exchange (PSE), Cebu Air said its...
Razon-led Manila Water Co. reported that its net income posted a 14 percent increase in the first quarter of 2025.In a disclosure to the Philippine Stock Exchange this Friday, May 9, the private water utility firm's net income reached ₱3.5 billion in the first three months of 2025, up from last...
Zamora-led mining firm Nickel Asia Corp. (NAC) reported a 148 percent increase in its attributable net income to ₱501.03 million in the first quarter of 2025, from ₱202.38 million in the previous year, driven by the sale of its minority stake in a nickel processing operator in Palawan.In a...
Telecommunications service provider Philippine Telegraph and Telephone (PT&T) Corp. is eager to resume trading on the Philippine Stock Exchange (PSE) within the first half of the year as it nears regulatory approval.PT&T President and Chief Executive Officer (CEO) James Velasquez...
The Philippine Stock Exchange, Inc. (PSE) is set to reshape the country's capital markets with its acquisition of a controlling stake in the Philippine Dealing System Holdings Corporation (PDS).In a statement on Thursday, Dec. 26, the PSE announced that it had signed agreements to acquire a 61.92...
The stock market fell back to the 7,400 territory on Wednesday, Oct. 9, as investors resorted to profit-taking prior to the release of the US consumer price index (CPI).The bellwether index dropped by 1.50 percent or 112.73 points to close at 7,424.52 while the wider All Shares declined by 1.08...
The stock market ended firmer on Monday, Oct. 7, as investor optimism was fueled by the significant slowdown in the country's inflation rate last month.The bellwether index rose by 1.16 percent or 86.76 points to close at 7,554.68 while the broader All Shares grew 1.02 percent or 41.32 points to...
NEW YORK — Markets on Wall Street and around the world are in a mini-panic. Worried about a slowing U.S. economy, investors sent the market in Japan to its worst day in decades and have sliced billions in market value off some of the world's biggest technology companies....
The Philippine Stock Exchange (PSE) is scheduled to resume trading on Thursday, July 25, after its temporary suspension of trading on Wednesday due to Typhoon Carina and the southwest monsoon.The PSE released a statement early Thursday announcing that trading activities at the exchange will...
The Philippine financial markets ground to a halt Wednesday, July 24, as Malacañang suspended operations in government offices due to Typhoon Carina and the southwest monsoon.In the early morning of Wednesday, the Philippine Stock Exchange (PSE) announced a trading suspension, while the Bangko...
