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THE CORONAVIRUS disease 2019 (COVID-19) pandemic remained the primary driver of local financial markets in the second quarter of 2020 as market players continue to adjust expectations and digest a slew of economic reports published during the period.
INVESTORS took positions on Ayala-led AC Energy Philippines, Inc. last week with analysts, attributing the move to market players digesting the earnings results released last month, as well as the divestment by an affiliate of its holdings in an Australian energy firm.
AYALA CORP. was among the most actively traded stocks last week after the Philippine Competition Commission approved Philippine billionaire Enrique Razon’s takeover of unit Manila Water Co., Inc.
By Jobo E. Hernandez, Researcher EMPLOYMENT growth among large Metro Manila firms continued to improve in the third and fourth quarter of 2019, the Philippine...
THE COUNTRY’S exports and imports continued to plunge, albeit at a slower pace in June, the Philippine Statistics Authority (PSA) reported on Wednesday.
MARKET PLAYERS reacted to news surrounding telecom giant PLDT, Inc. last week — namely, President Rodrigo R. Duterte’s renewed threats to close or expropriate telco firms if they do not improve on their services, and the announcement of PLDT subsidiary Smart Communications, Inc. to launch its fifth-generation (5G) service starting the end of July.
THE Philippines made headway in providing adequate water, sanitation, and hygiene (WASH) facilities in 2019, according to the Philippine Statistics Authority’s (PSA) Annual Poverty Indicators Survey (APIS).
CONSTRUCTION STARTS, as measured by approved building permits, fell 22.4% in the first quarter, with all segments posting declines during the period, the Philippine Statistics Authority said.
INVESTOR EXCITEMENT over new listings made newly introduced Altus Property Ventures, Inc. (APVI) one of the most actively traded stocks last week.
MERRYMART Consumer Corp. ended up as the most actively traded stock in the Philippine Stock Exchange (PSE) last week following its market debut on Monday.
INFLATION slowed to a five-month low in April, as the decline in transport and the deceleration in other nonfood commodities offset the faster price adjustments in the heavily weighted food and non-alcoholic beverages, data from the Philippine Statistics Authority (PSA) showed.
GOVERNMENT SECURITIES (GS) yields went up across-the- board last week as market players grapple with uncertainties brought by the coronavirus disease 2019 (COVID-19).
INVESTORS continued to take positions on Metro Pacific Investments Corp. (MPIC) stock last week following the release of the company’s annual earnings results late last month.
THE GENERAL INCREASE in the prices of widely used goods and services eased in February due to slower price adjustments in the heavily weighted food and non-alcoholic beverages and select nonfood commodities, the Philippine Statistics Authority (PSA) reported, lending support to the possibility of the central bank to cut policy rates soon.
WHOLESALE PRICE growth of construction materials in Metro Manila accelerated in January, though the rise in the retail price indicator slowed, the Philippine Statistics Authority (PSA) said.
USUALLY, seafarers would have to wait for their ship to dock and go to a bank or a remittance center when they want to send money to their loved ones. With money transfers being made easier thanks to money transfer apps, the same convenience will be extended to seafarers that would enable them to make transactions anywhere in the world, even while at sea.
INVESTORS sold off ISM Communications Corp. shares last week with analysts attributing the movement to overall negative market sentiment as well as news on Dito Telecommunity Corp.’s possible delay in its commercial operations.
YIELDS ON government securities fell almost across-the-board last week following the central bank’s decision to cut benchmark rates by a quarter of a percentage point.
INDUSTRIAL PRODUCTION extended its declining streak to the 13th straight month in December, the Philippine Statistics Authority (PSA) reported on Wednesday, with economists attributing the continued slump to tepid global demand.
PHILWEB Corp. was among the most actively traded stocks last week with traders taking their cue from news regarding the firm being in talks with an online gaming provider in a bid to return to profitability this year.
THE PHILIPPINE ECONOMY grew by 6.4% in the fourth quarter, its fastest pace for 2019 on the back of robust household spending and a rebound in government spending, but was not enough to hit the full-year goal, the Philippine Statistics Authority (PSA) reported yesterday.
YIELDS on local government securities (GS) traded at the secondary market ended mixed last week as they tracked US Treasuries following the news of an impeachment case against US President Donald J. Trump.
DOMESTIC TRADE rose 20.1% year-on-year by value in the third quarter led by machinery and transport equipment, despite nearly flat volumes overall, according to the Philippine Statistics Authority (PSA).
THE government’s decision to revoke the extension of the concession agreements with Metro Manila’s two water providers last week led investors to sell their shares in affected listed firms, such as DMCI Holdings, Inc. which has a minority stake in Maynilad Water Services, Inc.
THE LATEST official labor data showed the ranks of jobless Filipinos decreasing in October, though those wanting more work to augment income increased slightly, the Philippine Statistics Authority (PSA) reported on Thursday.
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