Never too young for the stock market
MANILA, Philipipines — Mariah Manaois of Paniqui, Tarlac, has been saving up money from Christmas “aguinaldo,” school allowance and the occasional reselling of novelty items to classmates since she was…
Globe returns to foreign bond market, raises $600M
Industry giant Globe Telecom Inc. successfully raised $600 million following its return to the international bond market after 16 years. The fund-raising measure, coming in the middle of the new…
Bangkok property market takes $4.7 billion hit ‘with worse to come’
The Nation/Asia News Network BANGKOK — The virus crisis has wiped a whopping Bt150 billion ($4.7 billion) off the value of the residential market in Bangkok and surrounding provinces, Krungthai…
PSEi dives as market fears return to stricter quarantine
The benchmark Philippine Stock Exchange index (PSEi) plummeted on Wednesday, bucking positive sentiments across the region and a rally in Wall Street overnight. The drop followed the continued rise in…
PH financial market distortions due to pandemic temporary, says BSP chief
The Philippine financial system remains strong and any damage that the COVID-19 pandemic has inflicted on it is temporary, according to the head of the country’s central bank. Bangko Sentral…
BDO raises $600M from offshore bond market
BDO prexy Nestor Tan The country’s leading lender, BDO Unibank, has raised $600 million from the offshore bond market, building up its cash hoard while interest rates are favorable. The…
Stock index inches up; market optimistic
The local stock barometer yesterday ended slightly higher on selective buying of large-cap stocks. The main-share Philippine Stock Exchange index (PSEi) added 8.58 points or 0.14 percent to close at…
Jollibee turns to global bond market for funding boost
Fast-food giant Jollibee Foods Corp. (JFC) is venturing into the global bond market to boost its war chest during this state of global public health crisis caused by the coronavirus…
Post COVID-19 labor market: Bangladesh eyes Africa
This aerial picture shows workers onloading watermelons from boats in Burigonga river during a government-imposed lockdown as a preventative measure against the spread of the COVID-19 coronavirus in Dhaka on…
PSEi pushes past 5,800 as market celebrates NCR’s reopening
The local stock barometer rallied to the 5,800 mark in heavy volume on Friday as investors anticipated the reopening of Metro Manila after a two-month lockdown alongside a scramble to…