The PSEi dropped on profit-taking as investors held on to cash ahead of the Lenten break. The main index fell by 57.50 points or 0.93 percent to close at 6,128.60 as the Services counter led the retreat while only Miners managed to advance. Volume remained thin at 951 million shares worth P4.21...
While conditions are rosy at the domestic front, cautious trading is expected at the local stock market as investors would not want to leave their bets during the Lenten break, wary that global markets remain restive and another tweak in US tariff policy can sent global markets into another...
Trump’s decision to delay and reduce tariffs spurred the market to rally further, although profit-taking trimmed some gains. The Philippine Stock Exchange index (PSEi) jumped 71.48 points or 1.19 points to close at 6,077.82 on Thursday, April 10, with Miners leading the charge. Volume...
The Yuchengco Group’s Rizal Commercial Banking Corporation (RCBC) reported a 22 percent drop in net income to ₱9.5 billion last year from the record-high ₱12.2 billion earned in 2023, which had included non-recurring gains. In a disclosure to the Philippine Stock Exchange, the bank said its...
Zobel-led property giant Ayala Land Inc. (ALI) is raising ₱75 billion to partly fund its capital expenditures amounting to ₱95 billion in 2025, while infusing ₱20.99 billion worth of mall, office, and hotel assets into real estate investment trust unit AREIT Inc. ALI President Anna Ma....
The Ayala Group continues to dispose of non-core businesses with the sale of its telehealth provider KonsultaMD to Metro Pacific Health Tech Corporation (mWell) so it can better focus on more promising endeavors. The move comes after the sale of a portion of its stake in GCash to Mitsubishi and the...
Rizal Commercial Banking Corporation (RCBC) has raised $350 million from the U.S. dollar debt markets through its $4 billion Medium Term Note Program. In a disclosure to the Philippine Stock Exchange, the bank announced the successful pricing of its five-year Senior Unsecured Fixed Rate...
Yuchengco-led Rizal Commercial Banking Corporation (RCBC) has issued the initial price guidance at five-year US Treasury plus 145 basis points for its planned offering of benchmark-sized US-dollar senior unsecured sustainability notes. In a disclosure to the Philippine Stock Exchange (PSE), the...
Yuchengco-led Rizal Commercial Banking Corporation (RCBC) plans to raise fresh funds through a benchmark-sized offering of US-dollar senior unsecured sustainability notes via a drawdown under its $4 billion Medium Term Note Program. In a disclosure to the Philippine Stock Exchange, the bank said it...
The Yuchengco Group’s Rizal Commercial Banking Corporation (RCBC) posted a 31 percent drop in unaudited consolidated net income to P6.2 billion for the first nine months of 2024 from the P9.03 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the...
Yuchengco-led Rizal Commercial Banking Corporation (RCBC) is raising fresh funds from overseas with the $1 billion increase in its Medium Term Note Programme from $3 billion to $4 billion. In a disclosure to the Philippine Stock Exchange, the bank said that, together with the increase in its MTNP,...
Yuchengco-led Rizal Commercial Banking Corporation is warning the public that fraudsters, disguised as valid merchants on e-commerce sites and platforms, are now scamming online users. The bank said fraudsters may create fake profiles that appear legitimate, offering high-demand goods at...
