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Philippine stocks could resume their uptrend this week as investors bank on less COVID-19 restrictions despite rising infections. The Philippine Stock Exchange index (PSEi) last week rose almost 4 percent…
The benchmark Philippine Stock Exchange Index (PSEi) recovered above the key 6,000 level on Thursday as investors continued to look forward to a possible easing of lockdown restrictions. The PSEi…
Another bank and a multilateral institution have further downgraded their 2020 economic outlook for the Philippines after the government reverted 50 percent of the economy to stricter lockdown this month…
The benchmark Philippine Stock Exchange index (PSEi) edged higher on Wednesday as investor confidence grew despite the recent increase in COVID-19 infections. By the closing bell on Wednesday, the PSEi…
BAGUIO CITY –– The shuttering of businesses in Baguio City and Benguet province has cost power utility Benguet Electric Cooperative (Beneco) as much as P126 million in foregone revenues since…
Gokongwei-led multibrand retailer Robinsons Retail Holdings Inc. (RRHI) saw a 33.2-percent year-on-year decline in second quarter net profit to P719 million with sales weighed down by the shutdown of most…
MANILA, Philippines — The amount spent by the government to build infrastructure during the first five months declined 12.2 percent year-on-year to P235.2 billion as construction of public projects stopped…
Empire East president and CEO Atty. Anthony Charlemagne Yu Residential property developer Empire East has generated P2.4 billion in reservation sales since March 17 this year despite the lockdown measures…
MANILA, Philippines – Bank loans grew at a slower pace in May as the Philippine government’s quarantine measures meant to slow the spread of the coronavirus pandemic prevented more fresh…
MANILA, Philippines — Despite the health crisis inflicted by COVID-19, some unscrupulous importers tried to take advantage and brought in over P244 million in smuggled or fake personal protective equipment…
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