FOREIGN portolio investment funds entering the Philippines outweighed those exiting in 2022, the Bangko Sentral ng Pilipinas (BSP) said on Thursday, representing a turnaround from the net outflow posted in 2021. Foreign portfolio investments registered with the central bank through authorized agent banks (AABs) posted a net inflow balance of $886.7 million last year, against […]
Tag: last
PH foreign borrowings plunge to $10.3B in 2022
FOREIGN borrowings approved by the Bangko Sentral ng Pilipinas (BSP) dropped for the second straight year in 2022. The central bank disclosed that approved foreign borrowings plunged 21.4 percent to $10.32 billion last year from $13.14 billion in 2021. The decline was attributed to lower bond issuances, as well as the significant drop in program […]
PSEi to stay at 7,000 level ahead of GDP report
THE MAIN INDEX may move sideways this week and remain at the 7,000 level as investors await the release of full-year 2022 gross domestic product (GDP) data and corporate earnings. The 30-member Philippine Stock Exchange index (PSEi) went down by 5.39 points or 0.07% to close at 7,056.52 on Friday, while the broader all shares […]
Marcos claims PHL tagged as part of Asia’s ‘VIP Club’ in WEF
PRESIDENT Ferdinand R. Marcos, Jr. at the weekend touted that global business and political leaders have tagged the Philippines as part of a so-called “VIP Club” of Asia due to its economic performance, which the government hopes would translate to more foreign investments. The Philippines’ participation in the World Economic Forum (WEF) in Davos, Switzerland […]
Philippines to stem ‘recessionary forces’
PRESIDENT Ferdinand R. Marcos, Jr. on Wednesday said the Philippines would resist global recessionary headwinds, but warned that increasing tensions in the South China Sea were harming trade. In a speech at the World Economic Forum’s (WEF) annual meeting in Davos, Switzerland, the president said he was bullish about the country’s economic prospects. “My belief […]
PSEi to move sideways on profit taking, rate bets
LOCAL SHARES may drop to start this week as investors pocket gains from their recent rally, but lower consumer inflation in the United States, which could lead to slower tightening by the US Federal Reserve and the Bangko Sentral ng Pilipinas (BSP), may provide support. The bellwether Philippine Stock Exchange index (PSEi) went up by […]
Local stocks track Wall St. rally on Fed hike bets
SHARES went up on Monday, mirroring Wall Street’s climb, as investors were hopeful that improved US economic data could lead to slower tightening by the US Federal Reserve. The 30-member Philippine Stock Exchange index (PSEi) rose by 122.27 points or 1.83% to close at 6,790.24 on Monday, while the broader all shares index added 55.90 […]
Gin Kings, Dragons brace for pivotal Game Three today
Game Today (MOA Arena) 5:45 p.m. — Ginebra vs Bay Area *Series tied, 1-1 WITH the benefit of a week’s worth of sharpening their swords, deadlocked duelists Barangay Ginebra and Bay Area engage today in a pivotal fight for control in the PBA Commissioner’s Cup title series. The Gin Kings and the Dragons split the […]
Bargain hunting seen amid Fed, BSP rate bets
THE MARKET may see bargain hunting this week due to dampened investor sentiment and expectations of further interest rate hikes. On Friday, the benchmark Philippine Stock Exchange index (PSEi) fell by 70.30 points or 1.07% to end at 6,496.50 points, while the broader all shares index went down 30.76 points or 0.89% to close at […]
Peso drops as PPI data fuel Fed hike fears anew
THE PESO weakened against the dollar on Monday as investors anticipate more rate hikes from the US Federal Reserve due to mixed producer inflation data released last week and as the Bangko Sentral ng Pilipinas (BSP) sees a wider balance of payments (BoP) deficit this year. The local currency ended at P55.65 against the greenback […]
Gilas call-up could be in the works for Adamson’s Lastimosa, DLSU’s Winston
ADAMSON’S Jerom Lastimosa and La Salle’s (DLSU) Schonny Winston could be the next collegiate stars in line for a Gilas Pilipinas call-up soon. Head coach and program director Chot Reyes said inviting the two UAAP standouts is on the horizon, though his coaching staff has yet to reconvene and compile an official training pool for […]
D.M. Consunji’s order book down 8% as projects ease
D.M. CONSUNJI, Inc.’s (DMCI) order book declined by 8.1% to P45.3 billion for the past three quarters from P49.3 billion in the same period last year amid a slowdown in project bidding and contract awarding. In a press release on Thursday, its parent firm DMCI Holdings, Inc. said the “moderate” decrease was recorded for both […]
Ateneo claims first place, sends Falcons into F4 playoff with DLSU
ATENEO de Manila beat Adamson in its final eliminations game 66-61 to claim the number one spot and the twice-to-beat advantage in the University Athletic Association of the Philippines (UAAP) men’s basketball final four. Ateneo finished with an 11-3 record, identical to that of the University of the Philippines, but secured the number one seed […]
Joy in Senegal as team reaches World Cup last 16
JOYOUS crowds celebrated in Senegal’s capital Dakar on Tuesday as cheers and car horns rang out in gridlocked streets after the West African country qualified to the knockout stage of the World Cup in Qatar with a 2-1 victory over Ecuador. “Immense! What a match! What players!” Senegal President Macky Sall said on Twitter. “Now […]
Rashford double downs Wales, sending England into World Cup last 16
MARCUS Rashford’s second-half double propelled England to a 3-0 win over neighbors Wales Tuesday that sent them into the World Cup last 16 as Group B winners and ended Welsh hopes of reaching the knockout stage. The encounter came to life when Rashford curled home a free kick from the edge of the area in […]
Quijano: LeBron trying too hard?
Some Lakers fans are already calling it a lost season for their franchise this early. They are currently 5-1 through their last six games but they are still mired at 13th place in the Western Conference. Sure, there’s still a lot of basketball to be played but there are those who insist that Lebron James’ […]
STI narrows loss to P42.37M on higher enrollments
STI EDUCATION Systems Holdings, Inc. managed to shrink its attributable net loss in the past quarter to P42.37 million from the P114.23 million loss incurred last year after recording higher revenues. In a press release on Thursday, the listed company said that in the three months ending September, its revenues reached P500.35 million, up by […]
DLSU Lady Archers hand NU Lady Bulldogs first loss, 61-57 overtime, in 109 games
FOR 3,335 days, six-time reigning champion National University Lady Bulldogs had roamed around the jungle unbothered, unrivaled and unscathed — until yesterday — after falling prey at the hands of a familiar hunter in the De La Salle Lady Archers. De La Salle, NU’s last tormentor before a decade-long rule in the UAAP women’s basketball, […]
Peso may climb on Fed minutes
THE PESO may continue to strengthen against the dollar this week ahead of the release of the minutes of the US Federal Reserve’s November meeting, which could provide hints on its next move. The local unit closed at P57.26 on Friday, appreciating by 10 centavos from its P57.36 finish on Thursday, Bankers Association of the […]
Philippine shares climb on improved sentiment
PHILIPPINE STOCKS went up on Monday on improved market sentiment following positive data and tracking Wall Street’s rise on Friday. The benchmark Philippine Stock Exchange index (PSEi) gained 67.99 points or 1.08% to close at 6,354.76 on Monday, while the broader all shares index went up by 23.70 points or 0.71% to 3,352.59. “The PSEi […]