The Maharlika Investment Corp. (MIC) is planning to acquire up to 11.2 percent of Asian Terminals Inc. (ATI), the port operator controlled by Eusebio Tanco, for about ₱8 billion, a move intended to lead to the delisting of the company from the Philippine Stock Exchange (PSE). In a disclosure to...
The local stock market started the week on firmer footing, with investor sentiment continuing to be supported by signs that the central bank may cut rates further. The main index added 21.3 points, or 0.35 percent, to close at 6,058.02 on Monday, Dec. 15. The mining and property sectors led the...
Local stock market investors will test whether the main index can stay above the 6,000 level, buoyed by positive sentiment from the United States Federal Reserve (US Fed) and Bangko Sentral ng Pilipinas (BSP) rate cuts, but will also take cues from upcoming US economic data, including inflation and...
The Philippine Stock Exchange Index (PSEi) recovered from the previous day’s decline, adding 30.06 points, or 0.50 percent, to close at 5,990.00 on Thursday, Dec. 11. The advance followed expected rate cuts from both the US Federal Reserve and the Bangko Sentral ng Pilipinas (BSP). Banks led the...
The Philippine Stock Exchange Index (PSEi) slipped 0.28 percent following a confluence of weak economic reports and a cut to the country 's growth forecast. The main index shed 16.70 points to close at 5,959.94 on Wednesday, Dec. 10. Sectoral indices were evenly mixed for the session. A total...
The Philippine Stock Exchange index (PSEi) was higher on Tuesday, Dec. 9, as investors anticipate the rate cuts that may be announced by the Bangko Sentral ng Pilipinas (BSP) and the United States Federal Reserve (US Fed). The main index added 27.42 points, or 0.46 percent, to close at 5,976.64....
The local stock market is poised to gain momentum this week, driven by expected rate cuts from the United States (U.S.) Federal Reserve and the Bangko Sentral ng Pilipinas (BSP), alongside influential domestic labor and foreign investment data. Philstocks Financial Research Manager Japhet...
The Philippine Stock Exchange (PSE) is disputing a ₱195.24-million tax assessment by the Bureau of Internal Revenue (BIR) and vows to “take appropriate legal action for the cancellation of the assessment.” The bourse said it received a final assessment notice (FAN) from the BIR assessing its...
The Philippine Stock Exchange index (PSEi) fell on Wednesday, Dec. 3, due to the ballooning national debt, weaker peso, and the sudden resignation of Rogelio Singson from the body investigating anomalous flood-control projects. The main index dropped 88.56 points, or 1.48 percent, to close at...
The Philippine Stock Exchange index (PSEi) ended a bit higher on Tuesday, Dec. 2, after listless trading during the day as investors remained cautious ahead of the release of inflation figures for November. The main index inched up by 5.11 points, or 0.09 percent, to close at 5,994.4, mainly due to...
The Philippine Stock Exchange Index (PSEi) corrected on Monday, Dec. 1, with investors booking gains after the country’s manufacturing index fell. The main index dropped 32.95 points, or 0.55 percent, to close at 5,989.29. Conglomerates led the retreat, even as the Services and Mining sectors...
Investors in the local stock market hope that share prices will sustain last week’s gains as the government is set to announce the November inflation rate this week, which could support a rate cut by the Bangko Sentral ng Pilipinas (BSP). “Whilst hard fought, positive sentiment still took over...
