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Government bonds rally as Fitch upgrades outlook on credit rating

YIELDS ON government securities (GS) declined last week after Fitch Ratings upgraded its outlook for the Philippines’ credit rating, fuelling hopes for a possible hike in its assessment.

Razon entry drives Manila Water trade volume

NEWS of tycoon Enrique K. Razon, Jr. buying into Manila Water Co., Inc. made the listed water concessionaire the third-most actively traded issue last week.

Yields on government debt drop on virus, rate cut bets

YIELDS ON benchmark government securities (GS) dropped last week amid continued concerns on the impact of the novel coronavirus acute respiratory disease (2019-nCoV ARD) on the global economy, dovish statements from the US Federal Reserve and the market’s anticipation of further rate cuts by the Bangko Sentral ng Pilipinas (BSP) this year.

Government probe of contracts drags down stock price of Ayala Corp.

THE government’s review of its contracts with diversified conglomerate Ayala Corp.’s units prompted investors to sell the stock, making it one of the most actively traded issues last week.

Factory output extends slump to 12th straight month in November

FACTORY output declined for the 12th straight month in November, the Philippine Statistics Authority (PSA) reported yesterday.

Yields on gov’t securities end flat on fresh tensions

YIELDS ON government securities (GS) moved sideways last week amid renewed geopolitical tensions in the Middle East as well as market anticipation of local inflation data and further rate cuts from the central bank.

Manila Water continues slide amid regulatory uncertainty

AYALA-LED Manila Water Company, Inc. was one of the most actively traded issues last week as investors bet on the future of the concession agreements of the country’s two largest water companies.

Gov’t securities rally on expectations of BSP cut

LAST WEEK saw yields on government securities (GS) move south almost across-the-board, with investors taking their cue from a statement by Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno saying the central bank may consider cutting rates by about 50 basis points (bps) next year.

Gov’t finds fewer Filipinos poor in 2018

FEWER FILIPINOS were mired in poverty in 2018, the Philippine Statistics Authority (PSA) reported on Friday.

Inflation picks up in Nov., but on target — PSA, BSP

INFLATION inched up to 1.3% in November following five straight months of easing, the Philippine Statistics Authority (PSA) reported on Thursday.

Q&A: Pag-IBIG — UCPB eMoney Card

IN LATE AUGUST, the state-owned United Coconut Planters Bank (UCPB) announced that it signed a partnership with government-run Home Development Mutual Fund or Pag-IBIG Fund to lend its digital platform in disbursing loans and benefits to about 14 million members.

ICTSI stocks drop on lower-than-expected third-quarter earnings

RAZON-LED International Container Terminal Services, Inc. (ICTSI) was among the most traded stocks last week as investors reacted to the company’s third-quarter earnings that fell below expectations.