News Philippines Exchange rate: DMCI Mining posted P543-m income in Q1
DMCI Mining Corp. recorded a 14-percent increase in first-quarter core net income to P543 million from P477 million, the highest for any given quarter.
News Philippines Exchange rate: Sound policies, more capacity needed to lower rates
MANILA, Philippines — Power distribution giant Manila Electric Co. (Meralco) is calling for sound government policies and the development of more power plants to reduce power rates ... foreign ...
News Philippines Exchange rate: Further rate hikes to weigh on stocks
MANILA, Philippines — Stocks may face selling pressure this week ahead of the respective policy meetings of the Philippines and US central banks. Stock portal 2TradeAsia said investors can expect another round of volatility in the coming sessions after Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno hinted at a sequel rate hike in the Monetary Board’s upcoming June meeting. Likewise, investors are anticipating another rate hike by the...
News Philippines Exchange rate: PH stocks index, peso slip on inflation concerns
MANIILA – Philippines’ main stocks index shed anew on Wednesday due to inflation fears and the local currency weakened against the US dollar.The Philippine Stock Exchange index (PSEi) lost 0.92 percent, or 62.47 points, to 6,712.21 points.All Shares followed with a jump of 0.47...
News Philippines Exchange rate: What the BSP's rate hike means for you
The Bangko Sentral ng Pilipinas on Thursday took its first decisive action to tap the brakes on quickening inflation by raising its benchmark rate for the first time in over three years. At their ...
News Philippines Exchange rate: Philippine stocks track rebound in Asian markets
PHILIPPINE SHARES corrected on Wednesday, tracking Asian markets, even as concerns over rate hikes and the global economy’s prospect continued to affect sentiment.
News Philippines Exchange rate: PH stocks index rises anew as peso finishes sideways
MANILA – Continued hawkish tone from the Federal Reserve resulted to another uptick in the Philippines’ main equities index on Thursday and the peso continued to remain firm against the greenback.The Philippine Stock Exchange index (PSEi) rose by 0.72 percent, or 47.76 points, to...
News Philippines Exchange rate: Philippines Returns Marcos Family To Presidency: Peso Rebounds But Stocks Drop
The Philippine peso rebounded from a three-year low and stocks dropped as Ferdinand Marcos Jr. headed for a landslide victory in the country’s presidential election that will return his family to power more than three decades after his late dictator father was ousted in a bloodless people’s revolt.
News Philippines Exchange rate: Early BSP rate hike looms as GDP outperforms in Q1
MANILA, Philippines — Economists say an early interest rate hike by the Bangko Sentral ng Pilipinas (BSP) is possible next week, after the government reported a stronger-than-expected 8.3 percent gross domestic product (GDP) growth in the first quarter of the year. ING Bank Manila senior economist Nicholas Mapa said the central bank’s Monetary Board is expected to deliver its first rate hike on May 19 after slashing interest rates by 200 basis...
News Philippines Exchange rate: PH bourse up on bargain hunting, peso weakens
MANILA – Bargain hunting lifted all counters in the local bourse on Tuesday amid rising commodity prices and interest rates, but the peso depreciated against the US dollar. The Philippine Stock Exchange index (PSEi) rose by 0.60 percent, or 41.63 points, to 7,037.74...
News Philippines Exchange rate: Tourism sector contributed to Philippines’ 4th fastest growing economy rank in 2021 –report
The rise of the tourism sector’s contribution to the Philippine economy in 2021 helped the country rank as the world’s fourth fastest-growing economy last year.
News Philippines Exchange rate: Stocks slip on looming Fed hikes, peso ends sideways
MANILA – The main stocks index finished the week down on investors’ anticipation of further hikes in the Federal Reserve’s key rates but the peso kept its footing against the US dollar. The Philippine Stock Exchange index (PSEi) shed 0.89 percent, or 62.90 points,...
News Philippines Exchange rate: Philippines on its way to full recovery – BSP
MANILA, Philippines — The Philippines is on its way to a full economic recovery from a recession caused by the pandemic despite the recent surge in cases in China as well as the impact of Russia’s invasion of Ukraine, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno. In an interview with CNN international business correspondent Richard Quest, Diokno said the Philippines is looking at a faster gross domestic product (GDP)...
News Philippines Exchange rate: Philippine peso breaches P52 vs dollar
The Philippine peso breached the P52 level against the US dollar on Monday, March 7, as global oil prices skyrocket amid Russia’s attack on Ukraine. The peso closed at P52.18, a level of weakness last ...
News Philippines Exchange rate: Index flat as investors wait for rate hike signals
MANILA, Philippines — Local stocks managed to inch up yesterday, recovering from deep losses early in the session, as investors await developments on interest rate hikes here and abroad. The benchmark Philippine Stock Exchange index or PSEi closed at 7,026.45, up 6.53 points or 0.09 percent, while the broader All Shares index rose 19.61 points or 0.53 percent to finish at 3,713.68. “Market closed flat, after trading deeply in the red throughout...
News Philippines Exchange rate: Stocks, peso decline on Fed rate hike, Russia-Ukraine conflict
MANILA – The main equities index and the peso ended the week in the negative Friday due partly to the hike in the Federal Reserve’s key rates and the ongoing conflict between Ukraine and Russia. After a three-day rally, the Philippine Stock Exchange index (PSEi) shed 1.61...
News Philippines Exchange rate: Stocks rise, peso strengthens on Fed rate hike
MANILA – Risk-on sentiments buoyed the local stock barometer on Thursday and this benefited the local currency.The Philippine Stock Exchange index (PSEi) rose by 1.37 percent, or 96 points, to 7,122.45 points.All Shares gained 1.25 percent, or 46.28 points, to 3,759.96 points.Most of the...
News Philippines Exchange rate: Philippines’ SM Investments lists P15B bonds
The bond offering was 3.7 times oversubscribed. SM Investments Corporation listed P15b worth fixed rate bonds at the Philippine Dealing and Exchange Corp., which was oversubscribed my 3.7 times. “The hefty investor appetite for these securities was on the back of volatility around local interest rate sentiment with expectations of the US Federal Reserve hiking rates,” SM Investments President and Chief Executive Officer Frederic C. DyBuncio...
