PHILIPPINE STOCKS rebounded on Wednesday as investors picked up bargains after the market’s two-day decline and following the release of US inflation data. The benchmark Philippine Stock Exchange index (PSEi) went up 30.85 points or 0.45% to close at 6,822.09 on Wednesday, while the broader all shares index added 4.53 points or 0.12% to end […]
Tag: investors
Shares drop in cautious trade before BSP, US CPI
STOCKS declined on Monday as investors remained cautious ahead of the Bangko Sentral ng Pilipinas’ (BSP) policy meeting and the release of US inflation data this week. The benchmark Philippine Stock Exchange index (PSEi) went down by 38.03 points or 0.55% to close at 6,838.76 on Monday, while the broader all shares index shed 10.21 […]
Charter change not a priority for Marcos but lawmakers to continue discussions
PRESIDENT Ferdinand R. Marcos, Jr. cast aside the urgency of changing the 1987 Constitution, saying it is not a priority of his administration as some lawmakers push for amendments to supposedly allow more foreign investments. “We can achieve what we want, but within the present constitutional [framework,] the way the Constitution is written,” the president […]
40 hectares available for investors in SRP
AROUND 40 hectares of land at the 300-hectare South Road Properties (SRP) are still available for investors to build their businesses on, but a City Hall official said these are no longer for sale. All available lots can only be used for joint venture agreements (JVAs) between the City Government and future investors, Roberto “Bo” […]
SEC warns against six investment-taking entities
THE Securities and Exchange Commission (SEC) in separate advisories warned the public against the investment-taking activities of six entities that are not registered as a corporation or a partnership. The commission identified them as PPG Investment Group, Livewell Multi-Ventures, BlackRock, Perfx Solution Corp., Trading Basket, and Flipkart. All are not authorized to solicit investments from […]
PSEi moves sideways as market waits for leads
STOCKS moved sideways on Wednesday due to a lack of fresh leads and with some investors picking up bargains as they stay on the sidelines. The benchmark Philippine Stock Exchange index (PSEi) inched up by 1.64 points or 0.02% to close at 6,566.54 on Wednesday, while the broader all shares index rose by 7.91 points […]
High rates seen dulling residential market as investors favor office, industrial property
HIGH RATES are taking the shine off the residential market, with property investors expected to lean more towards office, industrial, and logistics projects, Colliers Philippines said. Paul Chua, director for capital markets and investment services of Colliers Philippines, said that although the residential sector has seen a recovery in the high-rise condominium segment in Metro […]
Volatile trading seen ahead of Fed, BSP meetings
PHILIPPINE STOCKS may see a volatile trading week ahead of the policy meetings of both the US Federal Reserve and the Bangko Sentral ng Pilipinas (BSP). The bellwether Philippine Stock Exchange index (PSEi) added 54.96 points or 0.84% to close at 6,580.12 on Friday, while the broader all shares index increased by 11.54 points or […]
PSEi to move sideways ahead of CPI, labor data
LOCAL SHARES are expected to move within a limited range this week as investors await the release of November consumer price index (CPI) and labor data. The bellwether Philippine Stock Exchange index (PSEi) lost 245.34 points or 3.64% to close at 6,489.65 on Friday, while the broader all shares index declined by 81.38 points or […]
Malaysian Investors take part in Indonesia Investment Forum in Penang
PENANG, Malaysia, Dec 2, 2022 – (ACN Newswire via SEAPRWire.com) – A total of 95 Malaysian investors took part in the Indonesia Investment Forum which was co-organized by the Ministry of Investment/Investment Coordinating Board (BKPM) of Republic of Indonesia and the Consulate General of the Republic of Indonesia (KJRI) Penang in Penang, Malaysia, Tuesday. Promotion […]
Shares may drop on profit taking, lack of leads
LOCAL EQUITIES are expected to trade with a downward bias this week as investors are expected to pocket their profits as they await fresh catalysts. The bellwether Philippine Stock Exchange index (PSEi) gained 76.43 points or 1.17% to end at 6,606.94 on Friday, while the broader all shares index went up by 30.40 points or […]
Profit taking seen this week amid lack of leads
PHILIPPINE SHARES may move sideways this week as investors could pocket profits from the market’s recent rise amid a lack of leads. The bellwether Philippine Stock Exchange index (PSEi) gained 33.64 points or 0.52% to end at 6,437.38 on Friday, while the broader all shares index went up by 8.03 points or 0.23% to 3,396.63. […]
Stocks rise as investors get bullish on economy
PHILIPPINE STOCKS inched higher on Thursday as investors were optimistic that the economy can absorb monetary tightening after the central bank delivered another large rate hike. The Philippine Stock Exchange index (PSEi) went up by 11.65 points or 0.18% to 6,403.74 on Thursday, while the broader all shares index rose by 12.30 points or 0.36% […]
Profit taking seen ahead of BSP policy meeting
PHILIPPINE SHARES may move sideways this week as investors pocket gains from the market’s rise on Friday and await the Bangko Sentral ng Pilipinas’ (BSP) rate hike. The benchmark Philippine Stock Exchange index (PSEi) gained 119.20 points or 1.93% to close at 6,286.77 on Friday, while the broader all shares index rose by 51.23 points […]
PHL shares drop as focus shifts to GDP, US CPI
STOCKS declined on Wednesday as investors stayed on the sidelines ahead of the release of third-quarter Philippine gross domestic product (GDP) data and October US inflation data. The bellwether Philippine Stock Exchange index (PSEi) declined by 47.42 points or 0.75% to finish at 6,241.68 on Wednesday, while the broader all shares index went down by […]
Second-home visa introduced to foreign investors by immigration, SIER
Surabaya, East Java, Indonesia, Nov 7, 2022 – (ACN Newswire via SEAPRWire.com) – The Directorate General of Immigration and PT Surabaya Industrial Estate Rungkut (SIER) Surabaya, East Java, Indonesia, held a coaching clinic to provide information on second-home visas to foreign investors and consul generals from several countries this week. Consul generals from several countries […]
PSEi rises in Oct. as month-end rally lifts market
PHILIPPINE SHARES rose month on month in October despite being in the 5,000 level in its first two weeks amid worries over the US central bank’s tightening path, rebounding from a decline in September. The Philippine Stock Exchange index (PSEi) closed at 6,153.43 on Oct. 28, the last trading day of October, up by 7.18% […]
Shares end lower on profit taking ahead of break
LOCAL SHARES ended in negative territory last week as investors booked gains ahead of the long weekend and on data showing more “hot money” left the country in September. The 30-member Philippine Stock Exchange index (PSEi) declined by 77.15 points or 1.23% to finish at 6,153.43 on Friday, while the broader all shares index went […]
The Next Vision Capital Announces an Investment from IDG Capital Blockchain
Hanoi, Vietnam, October 17, 2022 – (SEAPRWire) – Recently, the Next Vision Capital, a digital financial platform offering packages to SMEs, is proud to announce an Investment from IDG Capital Blockchain (IDGCB). IDG Capital Blockchain currently manages 40 million dollars and has been investing in over 30 companies under various sectors. Having found the potential of Next Vision Capital (NVC) in […]
Quezon City sees market size, available land as main draws to investors
THE Quezon City government said its main attractions to investors are available land and the size of its consumer base and work force, with the city also having largely digitized its permit processes. Quezon City Mayor Maria Josefina G. Belmonte said in a speech at the Quezon City Investors Summit 2022 last week that “Quezon […]