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...
Maya Philippines Inc., the country’s leading all-in-one finance platform, is making it easier for retail investors to subscribe to initial public offering (IPO) shares through its stock-investing feature, Maya Stocks. In a statement, Maya said it is now carrying the IPO of Maynilad Water...
Senator Francis “Kiko” Pangilinan on Thursday, July 24, called for urgent reforms in government procurement policies to allow farmers to sell rice directly to national agencies and local government units (LGUs). Pangilinan lamented that under the current system, traders are favored over...
Senator Francis “Kiko” Pangilinan on Sunday, July 6 urged the National Food Authority (NFA) and local government units (LGUs) to immediately buy palay and other produce directly from Filipino farmers at fair market prices. Pangilinan made the appeal following reports that palay is now being...
The country’s rice inventory jumped by 14 percent to over two million metric tons (MT) in May, aligning with the government’s ongoing efforts to ensure food sufficiency and stabilize prices. In its latest report, the Philippine Statistics Authority (PSA) said rice stocks stood at 2.37 million...
The local stock market ended the week lower as investors fret over unfavorable inflation and GDP numbers released by the government. The main index lost 30.53 points or 0.47 percent to close at 6,511.93 as the Property sector led the decline although Miners and Conglomerates gained ground....
NEW YORK — U.S. stocks rose Monday and added to their gains from last week, as technology companies once again led the way. The S&P 500 rose 52.95, or 1%, to 5,180.74. The Dow Jones Industrial Average added 176.59, or 0.5%, to 38,852.27, and the Nasdaq composite jumped 192.92, or...
(AP) -- Wall Street capped a choppy week of trading Friday with the best day for the stock market in over two months, as traders welcomed cooler-than-expected U.S. employment data as a sign that inflationary pressures on the economy are easing. The S&P 500 rose 1.3%, its best day since late...
OMAHA, Neb. — Berkshire Hathaway's first quarter profits plummeted along with the paper value of its investments, but the company said Saturday that most of the businesses it owns outright performed well. The company reported reported a $12.7 billion profit, or $8.825 per Class A share, in...
NEW YORK — U.S. stocks swung to a mixed finish on Wednesday after the head of the Federal Reserve said the cuts to interest rates that Wall Street craves so much are still likely, even if they're delayed because of stubbornly high inflation. The S&P 500 fell 17.30 points, or 0.3%, to...
TOKYO — Asian shares were trading higher Monday amid optimism over the rally that ended the week on Wall Street, although eyes were on the Federal Reserve policy meeting set for later this week. Sydney's S&P/ASX 200 added 0.6% in early trading to 7,621.40. South Korea's Kospi surged...
NEW YORK (AP) — Worries about a potentially toxic cocktail combining stubbornly high inflation with a flagging economy dragged U.S. stocks lower on Thursday. A sharp drop for Facebook's parent company, one of Wall Street's most influential stocks, also hurt the market. The S&P 500 fell...
