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Central bank nod for LTNCDs drives Security Bank stock

THE NEWS on Security Bank Corp. receiving regulatory approval to issue up to P20 billion worth of long-term negotiable certificates of time deposits (LTNCDs) last Tuesday drew interest for some investors, but it was heavily offset by the sell-off of Philippine equities that day following the performance of the Nasdaq index that drove market sentiment at home.

Tourism contribution to national output biggest since at least 2012

THE TOURISM INDUSTRY’s contribution to the economy grew in 2018, according to data which the Philippine Statistics Authority (PSA) released on Thursday.

April factory output posts biggest drop in a decade

INDUSTRIAL PRODUCTION dropped for the fifth straight month in April, marking the steepest fall in almost a decade, the Philippine Statistics Authority (PSA) reported on Tuesday.

Analysts selective on bank stocks

ANALYSTS are painting a rosy picture for banking stocks following the sector’s mixed performance in the first quarter and the central bank’s decision to slash reserve requirements, but advise investors to remain selective on which ones to include in their respective portfolios.

Upgrade spurs bond rally

Yields on government securities fell across the board last week following a boost from the rating upgrade announced by S&P Global Ratings last Tuesday.

Inflation could have eased further in April — central bank

THE OVERALL INCREASE in prices of widely used goods could have eased for the sixth straight month to a 20-month low in April as a continued decline in rice prices and the peso’s appreciation offset upward pressures from higher fuel and electricity costs, the Bangko Sentral ng Pilipinas (BSP) Department of Economic Research (DER) said in a statement to journalists on Tuesday.

Higher profits provide a boost to BDO stock

THE Sy-led BDO Unibank, Inc. was one of the most actively traded stocks last week as market players reacted to its first-quarter earnings report.