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GCash capital leads investors to take positions on Globe

NEWS of Globe Telecom, Inc.’s fintech affiliate securing fresh capital through an investment from a New York-based investment firm drove the former’s trading activity last week.

Gov’t debt yields flat on rate cut hints

YIELDS ON government securities (GS) moved sideways during the last trading week of 2020 as market players repositioned after the central bank chief hinted on more policy rate cuts in the medium term.

Construction starts continue to drop in Q3 as plans get shelved

By Lourdes O. Pilar, Researcher APPROVED building permits fell by 35.3% year on year in the third quarter as households and investors opted to delay...

Revenue index’s slump continues in 3rd quarter

GROSS REVENUE generated by firms continued to decline in the third quarter, albeit at a slower pace compared with the plunge seen in the second quarter, as lockdown restrictions slowly eased amid the pandemic, the Philippine Statistics Authority (PSA) reported on Thursday.

MPIC dips as NLEX issues eclipse petroleum storage acquisition

METRO PACIFIC Investments Corp. (MPIC) was among the most active stocks last week as investors reacted following news of its acquisition of a petroleum products terminal and the suspension of its toll operations’ business permit.

Financial markets see renewed optimism

DOMESTIC FINANCIAL MARKETS rebounded for the most part in the third quarter as the gradual easing of quarantine restrictions, waves of positive news on the development of potential coronavirus disease 2019 (COVID-19) vaccine trials, and slight pickup in the global economic activity lifted investor sentiment at home.

Government debt yields drop on safe-haven demand

YIELDS ON government securities (GS) fell on average last week as market players continue to buy safe-haven assets following the central bank’s rate cut earlier this month.

SMIC profit, growth prospects whet investor appetite

INVESTORS took positions on SM Investments Corp. (SMIC) last week following the release of the conglomerate’s earnings results, coupled with expectations of improving economic conditions in the near term that would send the company’s bottom line back in the black.

Factory output falls for 7th straight month

THE COUNTRY’S factory output contracted for the seventh straight month in September, the Philippine Statistics Authority (PSA) reported on Thursday.

Yields flat on lack of leads

YIELDS ON government securities (GS) ended flat on Friday from week-ago levels as investors wait for fresh leads that would spur demand for debt papers.

Investors keen as Ayala Land eyes more bond offers

PROPERTY DEVELOPER Ayala Land, Inc. (ALI) became the eighth most active issue last week after it disclosed plans for more bond issuances to bolster its balance sheet, which coincided with an upbeat quarterly central bank home prices index report.

Yields on gov’t debt rise

YIELDS ON government securities (GS) were little changed last week as market players stayed on the sidelines ahead of the central bank’s maiden bond offering last Friday, with some investors tracking last week’s auction results.

External trade weakness persists in July amid global slowdown

PHILIPPINE international trade further contracted in July as trade activity remains subdued here and the rest of the world, the Philippine Statistics Authority (PSA) reported on Thursday.

Bill shock fine sparks Meralco selling

MARKET players sold their shares in Manila Electric Co. (Meralco) after the power distributor was fined for failure to inform the consumers that their bills during the lockdown had been estimated.

Yields on gov’t debt go up

YIELDS ON government securities (GS) edged higher last week after the Treasury rejected all bids for the 20-year papers and following investors’ reaction to its borrowing plan next month. 

Index inclusion, market expansion plan boost Emperador share price

NEWS of Emperador, Inc.’s inclusion in the 30-member benchmark Philippine Stock Exchange index (PSEi) and its plan to expand to Latin America next year lifted the liquor manufacturer’s stock price last week.

Inflation picks up in July

THE overall year-on-year increase in prices of widely used goods quickened slightly in July, the fastest in six months, the Philippine Statistics Authority (PSA) reported on Wednesday.

Inflation picks up in July

The overall year-on-year increase in prices of widely used goods quickened slightly in July, the Philippine Statistics Authority (PSA) reported this morning. Preliminary data from the...

Gov’t debt yields end flat

YIELDS ON government securities (GS) ended flat last week amid the government’s ongoing retail Treasury bond (RTB) sale.

OUTLIER: ABS-CBN franchise rejection drives trade volume of rival GMA

NEWS of Philippine lawmakers rejecting the franchise application of ABS-CBN Corp. drove market players to take positions — and later profits — on the stock of rival GMA Network, Inc. last week.

Factory output declines for third straight month

FACTORY OUTPUT declined for the third straight month in May although the pace of contraction slowed, the Philippine Statistics Authority (PSA) reported on Tuesday.

Factory output continues to decline

FACTORY OUTPUT declined for the third straight month in May, the Philippine Statistics Authority (PSA) reported earlier this morning. Preliminary results of the PSA’s latest...

Yields on gov’t debt drop

YIELDS ON government securities declined last week amid lingering effects of the surprise half-percentage-point cut by the Bangko Sentral ng Pilipinas (BSP).

OUTLIER: Investors lukewarm on Alliance Global as pandemic woes persist

INVESTORS remained lukewarm on Alliance Global, Inc. despite the diversified conglomerate’s report of a double-digit income growth last year as the pandemic cast a long shadow to its profitability this year.

NCR construction materials retail price growth accelerates

THE growth in retail prices of construction materials in the National Capital Region (NCR) picked up in May, the Philippine Statistics Authority (PSA) said Thursday.

Debt yields rise on fresh US stimulus

YIELDS ON government securities (GS) went up as investors reacted to additional US stimulus packages unveiled last week.

Tourism contribution to national output in 2019 biggest since at least...

By Lourdes O. Pilar, Researcher THE TOURISM industry's contribution to the economy grew in 2019, Philippine Statistics Authority (PSA) data released on Friday showed. Preliminary data...

Gross revenue index declines in Q1 — PSA

REVENUE across all industries declined in the first quarter, the Philippine Statistics Authority (PSA) reported on Thursday.

Pag-IBIG Fund in the time of COVID-19 (A Q&A with Pag-IBIG...

THE NEED for a national savings program and affordable home financing for working class Filipinos led to the creation of the Home Development Mutual Fund, or more known as the Pag-IBIG (Pagtutulungan sa Kinabukasan: Ikaw, Bangko, Industriya at Gobyerno) Fund on June 11, 1978.

PHL external trade plunges in April

PHILIPPINE international trade performance further shrank in April as the coronavirus disease 2019 (COVID-19) pandemic and the global lockdown restrictions constricted trade activity, the Philippine Statistics Authority (PSA) reported on Wednesday.

OUTLIER: Profit taking drags Globe Telecom stock lower

PROFIT taking drove much of Globe Telecom, Inc.’s stock activity last week.

Yields on gov’t debt fall amid safe-haven demand

YIELDS ON government securities (GS) traded in the secondary market went down last week amid strong demand as investors continue to look for safer investments.

Construction materials price growth in Metro Manila eases in April

GROWTH in the retail price of construction materials in Metro Manila eased in April after the lockdown depressed demand for these goods, the Philippine Statistics Authority (PSA) said.

Inflation impact on poor picks up in April

INFLATION, as experienced by low-income families, accelerated in April as lockdown measures were implemented to contain the spread of the coronavirus disease 2019 (COVID-19), the Philippine Statistics Authority reported on Thursday.

Investors remain upbeat on Ayala Corp.

IMPROVED investor sentiment made Ayala Corp. one of the most actively traded stock in the exchange last week after President Rodrigo R. Duterte’s apology to the Zobel brothers earlier this month.

Virus ends 21-year growth streak

THE Philippine economy unexpectedly shrank in the first quarter, as strict lockdown measures aimed at containing the coronavirus outbreak brought economic activity to a near standstill, the Philippine Statistics Authority (PSA) reported on Thursday.

Yields on gov’t debt fall

YIELDS ON government securities (GS) fell last week as investors continued to digest the Bangko Sentral ng Pilipinas’ (BSP) off-cycle half-percentage-point interest rate cut.

2019 growth expansion scaled up using 2018 prices

THE ECONOMY grew faster than previously estimated last year using 2018 as the base year in measuring the country’s gross domestic product (GDP), the Philippine Statistics Authority (PSA) reported on Monday.

Investors pick up Jollibee stock on a bargain, but some see...

INVESTORS pounced on the Jollibee Foods Corp. stock last week as they took advantage of its attractive valuation following weeks of sell-offs.

Inflation slows in March

THE overall rise in prices of widely used goods and services eased in March, the Philippine Statistics Authority (PSA) reported on Tuesday. March saw headline...

Yields on gov’t debt drop

YIELDS ON government securities (GS) ended mixed last week after the Bangko Sentral ng Pilipinas (BSP) unveiled a series of monetary stimulus to arrest the economic fallout wreaked by the coronavirus disease 2019 (COVID-19).

MinDA launches program to manage local food surpluses

DAVAO CITY -- The Mindanao Development Authority (MinDA) has launched a program to directly connect local government units (LGUs) in the southern islands with suppliers of agricultural produce, with the aim of identifying local surpluses and transferring them to LGUs in need.

Panic selling pulls down SM Prime

PANIC SELLING among investors prevailed during the shortened trading week amid continued pandemic uncertainty, making Sy-led SM Prime Holdings, Inc. one of actively traded issues last week.

All-industry revenue growth eases in 4th quarter

REVENUE across all industries grew in the fourth quarter, but growth slowed compared to year-earlier levels, the Philippine Statistics Authority (PSA) said.

PHL remains among weakest in rule of law

PHILIPPINE rule of law has remained one of the weakest in East Asia and the Pacific, according to an annual survey of the World Justice Project (WJP).