Home Tags Edwin C. Aruta Jr.
Tag: Edwin C. Aruta Jr.
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.
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.
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 declined for the 12th straight month in November, the Philippine Statistics Authority (PSA) reported yesterday.
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.
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.
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.
INFLATION inched up to 1.3% in November following five straight months of easing, the Philippine Statistics Authority (PSA) reported on Thursday.
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.
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.