The local stock market dropped after the government reported a much lower economic growth rate for the second quarter of 2023. As of 10:50 this morning, the PSEi was down 63.51 points or 0.97 percent at 6,466.94 with all sectors declining, led by Banks. There were 84 losers to 43 gainers with 43...
The local stock market rose back to the 6500 level as investors cheered the stronger employment numbers and a lower trade deficit figure. The main index added 57.48 points or 0.89 percent to close at 6,530.45 as the Services sector led the advance while the Mining and Oil counter lagged...
The local stock market is seen to open the week with some bargain-hunting following last week’s steep drop although investors will also be taking cues from the release of the Philippines’ second quarter economic growth data as well as the US July inflation numbers. “Given the steep decline...
The Philippine Stock Exchange (PSE) announced that corporate executives of 10 publicly listed companies (PLCs) will be at the forefront of PSE STAR: Investor Day on Aug. 16 and 17, 2023. In a statement, the bourse said these executives will present their financial performance for the first...
The Philippine Stock Exchange (PSE) announced the election of two new independent directors, Peter B. Favila and Andrew Jerome T. Gan, at the company’s annual stockholders’ meeting (ASM) held on August 5, 2023. Photo (from left, by row): President and CEO Ramon S. Monzon, Chairman and...
The Philippine Stock Exchange (PSE) reported an 11.6 percent improvement in net income for the first half of 2023 to P417.51 million compared to the same period last year on higher investment income. In a statement, the bourse said its operating revenues were lower by 12.9 percent to P740.09...
President Ferdinand "Bongbong" Marcos Jr. appeased the worry of farmers and the general public, saying the country had enough supply of rice and that the Philippines would not import rice for as long the situation stays the same. President Ferdinand ‘Bongbong’ Marcos Jr. (Bongbong...
Despite the heavy damage brought about by Super Typhoon “Egay”, President Ferdinand “Bongbong” Marcos Jr. on Tuesday, Aug. 1, assured that there is enough buffer stock of rice, the Philippines’ staple grain. President Ferdinand Marcos Jr. presides over a sectoral meeting with agriculture...
An official of the Department of Agriculture (DA) assured that the Philippines has a 39-day buffer supply of rice amid the threats of the El Niño phenomenon and the challenges of importing rice from neighboring countries, while it looks to increase the rice production in the country. (Keith...
(MANILA BULLETIN) Economist-solon Albay 2nd district Rep. Joey Salceda has expressed confidence that the proposed Maharlika Investment Fund (MIF), once enacted, would give the Philippine stock market a shot in the arm. “The government also wants to have the MIF listed in the stock market, as a...
President Ferdinand "Bongbong" Marcos Jr. has ordered the Department of Agriculture (DA) to study a proposal to set up silos to ensure a 30-day buffer stock of rice and corn in the country. *President Ferdinand 'Bongbong' Marcos Jr. (Malacañang photo)* Marcos said this as he met members of the...
Senator Risa Hontiveros on Wednesday, April 26 has found it unnecessary for the government to raise rice buffer stocks in National Food Authority (NFA) warehouses in preparation for the El Niño or the prolonged dry weather season that is expected to develop early in May. Hontiveros said it...
