THE PESO climbed versus the greenback on Thursday as the government further eased restrictions and as the US Federal Reserve chief said the central bank will continue to support the world’s largest economy. The local unit closed at P50.22 per dollar yesterday, gaining eight centavos from its P50.30 finish on Wednesday, based on data from […]
Tag: thursday
Shares drop on COVID-19 worries, lack of leads
PHILIPPINE shares declined on Thursday amid a lack of fresh leads and as coronavirus disease 2019 (COVID-19) infections in some Asian economies surged. The Philippine Stock Exchange index (PSEi) went down by 107.48 points or 1.57% to close at 6,727.93 on Thursday, while the all shares index declined by 44.46 points or 1.05% to end […]
Stocks drop as market corrects after sharp jump
PHILIPPINE shares went down on Thursday on as investors pocketed their gains from the recent rally and as the market corrected after its sharp increase on Wednesday. The Philippine Stock Exchange index (PSEi) declined by 49.82 points or 0.72% to close at 6,791.87 on Thursday, while the all shares index lost 13.96 points or 0.33% […]
Peso declines vs dollar as gov’t debt stock climbs
THE PESO dropped versus the dollar on Thursday as the government’s debt stock climbed further as of April. — BW FILE PHOTO THE PESO weakened against the dollar on Thursday as the National Government’s debt climbed further as of April amid increased borrowings due to the pandemic. The local unit closed at P47.825 versus the […]
DoE says no more brownouts expected, investigating outages
THE Department of Energy (DoE) said Thursday that the Luzon grid has returned to normal and that it expects no further rotating brownouts, though it does plan to investigate claims of “sabotage” behind the simultaneous outages that took out enough power capacity to warrant three days of red alerts on the grid. Early Thursday, the […]
Stocks drop further on fresh inflation concerns
STOCKS continued to decline on Thursday as the possibility of an increased pork tariff rate caused renewed concerns over inflation, dampening market sentiment. The benchmark Philippine Stock Exchange index (PSEi) declined by 16.91 points or 0.26% to close at 6,282.78 on Thursday, while the broader all shares index lost 2.78 points or 0.07% to end […]
Peso rebounds vs dollar on oil price correction, gov’t offer of euro bonds
THE PESO rebounded versus the greenback on Thursday as oil prices corrected and after the government raised €2.1 billion from its offer of euro-denominated bonds. The local unit closed at P48.41 per dollar on Thursday, appreciating by four centavos from its P48.45 finish on Wednesday, based on data published on the Bankers Association of the […]
Local shares decline as foreigners exit market
PHILIPPINE shares closed in the red on Thursday as investors pocketed their gains and as foreigners exited the market amid lingering concerns on the economy’s prospects. The Philippine Stock Exchange index (PSEi) fell by 23.86 points or 0.37% to close at 6,415.53 on Thursday, while the broader all shares index declined by 16.93 points or […]
Asia’s rising coronavirus cases a worry as vaccine doubts cloud campaigns
Singapore — India, South Korea, and Thailand faced mounting coronavirus infections on Thursday, undermining cautious hopes that Asia might be emerging from the worst of the pandemic as worries about safety threatened to delay vaccination drives. India reported a record 126,789 new cases, the third day this week tallies have surged to more than 100,000, […]
Peso rises as RTB sale ends
THE PESO climbed against the greenback on Friday following the end of the government’s retail Treasury bond (RTB) offering the day prior. The local unit closed at P48.56 per dollar on Friday, gaining six centavos from its Thursday finish of P48.62. It also appreciated by three centavos from its P48.59-per-dollar close on Feb. 26. The […]
PHL shares snap rally on profit taking, virus fears
THE benchmark index ended its four-day winning streak, closing in the red on Thursday on profit taking following developments in the coronavirus disease 2019 (COVID-19) situation in the country. The Philippine Stock Exchange index (PSEi) went down by 60.27 points or 0.86% to close at 6,882.49 on Thursday, while the broader all shares index declined […]
Palace approves two more months of no disconnection for poor power consumers
PRESIDENT Rodrigo R. Duterte expressed his support for a plan floated by the Department of Energy (DoE) to extend the “no-disconnection policy” for poor electricity consumers by two more months, a Cabinet official said. Cabinet Secretary Karlo Alexei B. Nograles added in an online briefing Thursday that the President backs the extension of so-called “lifeline […]