US stocks close mostly higher after a choppy day of trading
Wall Street capped a choppy day of trading Wednesday with more gains for stocks as investors sized up a mix of company earnings reports and another flare-up in tensions between…
DoubleDragon to tap offshore bond market
Ahead of its real estate investment trust (REIT) public offering plan, property developer DoubleDragon Properties Corp. is making its debut in the offshore bond market with an offering of five-year…
6-month budget deficit swells to P560B
The national government’s budget deficit swelled by 1,214 percent to P560.4 billion during the first six months of 2020 as COVID-19-related expenditures jacked up public spending. This was despite the…
From cholera, TB to COVID-19: Jica arms RITM, San Lazaro for battle
Japan will give two health institutions in the Philippines additional laboratory equipment and supplies to ramp up testing and boost the country’s fight against the new coronavirus pandemic. In a…
Oxford Economics: PH GDP likely shrank by 14.3% in Q2
The Philippines’ gross domestic product (GDP) likely slid by a hefty 14.3 percent year-on-year in the second quarter as the economy took a beating from one of the most stringent…
Foreign investments continued sharp downtrend in April
The amount of long-term equity investments entering the Philippines from abroad declined sharply in April, extending a downtrend experienced in the first quarter, which the central bank attributed to the…
DOF: PH still has margin of freedom to borrow in virus fight
With the share of the Philippines’ foreign debt to its economy relatively low compared to most of its Asian neighbors, the government could afford to borrow more in its fight…
Holcim decides to stay in PH
Following the collapse of a $2.15-billion takeover bid by San Miguel Corp. (SMC), the country’s leading cement maker Holcim Philippines Inc. (HPI) is not going back to the auction block…
Profit-taking, foreign selling pull PSEi down by 1.17%
The local stock barometer slipped below the 6,100 mark in another thin trading session on Wednesday as investors shied away from local equities as the coronavirus pandemic continued to wreak…
SM group raising funds via 18-month debt note issuance
The country’s largest conglomerate, SM Investments Corp. (SMIC), is raising P5.6 billion through the issuance of debt notes to selected institutional investors. The 18-month fixed-rate notes were priced to yield…