MMI Asia Pte. Ltd. awarded a 10-year agreement to organize the Singapore International Water Week (SIWW) Water Expo Partnership introduces Messe München’s IFAT to Southeast Asia through SIWW which will propel its growth to a new level Preparations are already underway for the new partnership, commencing from SIWW2024 which will take place from 18 to […]
THE PESO may weaken against the dollar this week as the market expects a big rate hike from the Bangko Sentral ng Pilipinas (BSP) after headline inflation surged in January. The local unit closed at P54.42 per dollar on Friday, strengthening by three centavos from its P54.45 finish on Thursday, data from the Bankers Association […]
PHILIPPINE STOCKS may move sideways this week on cautious trading as investors await the Bangko Sentral ng Pilipinas’ (BSP) policy decision on Thursday and the release of more firms’ financial reports. The benchmark Philippine Stock Exchange index (PSEi) went up by 34 points or 0.49% to close at 6,876.79 on Friday, while the broader all […]
THE MAIN INDEX will continue to test the 7,000 level ahead of the release of January inflation data this week, which could set the tone for the Bangko Sentral ng Pilipinas’ (BSP) policy move this month. The benchmark Philippine Stock Exchange index (PSEi) went up by 41.19 points or 0.59% to close at 7,027.38 on […]
THE PHILIPPINES posted 1,206 coronavirus infections in the past week, with a daily average of 172, health authorities said on Monday. The average for Jan. 23 to 29 was 36% lower than a week earlier, the Department of Health (DoH) said in a bulletin. Of the new cases, only one was severe and critical. DoH […]
PHILIPPINE SHARES may go down ahead of the US Federal Reserve’s policy review and due to profit taking as investors wait for more leads. The bellwether Philippine Stock Exchange index (PSEi) went up by points or 0.13% to close at 7,052.16 on Friday, while the broader all shares index added 4.74 points or 0.12% to […]
THE PESO may strengthen this week amid the dollar’s sustained weakness and ahead of the US Federal Reserve’s policy meeting. The local unit closed at P54.47 per dollar on Friday, weakening by seven centavos from its P54.40 finish on Thursday, data from the Bankers Association of the Philippines’ website showed. Week on week, the peso […]
THE PESO may continue to move sideways this week as investors await the US Federal Reserve’s next move. The local unit closed at P54.54 per dollar on Friday, strengthening by nine centavos from its P54.63 finish on Thursday, Bankers Association of the Philippines data showed. Week on week, the peso strengthened by 35 centavos from […]
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 […]
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 […]
THE PHILIPPINES posted 3,127 new coronavirus infections in the previous week with a daily average of 447, according to health authorities. The daily average from Jan. 2 to 6 was 9% lower than the average cases per day from a week earlier, the Department of Health (DoH) said in a bulletin on Monday. Of the […]
THE PESO may move sideways against the dollar this week, with the market to monitor data at home and in the United States for leads. The local unit closed at P55.64 per dollar on Friday, strengthening by 11 centavos from its P55.75 finish on Thursday, Bankers Association of the Philippines data showed. Week on week, […]
LOCAL SHARES are expected to move sideways this week ahead of the release of US consumer price index (CPI) data, which could solidify expectations of more US Federal Reserve rate hikes this year. The bellwether Philippine Stock Exchange index (PSEi) went down by 93.36 points to close at 6,667.97 on Friday, while the broader all […]
THE PESO is expected to move sideways to start 2023 as the market waits for leads. The local currency closed at P55.755 versus the greenback on Dec. 29, up by 44.50 centavos from its P56.20 finish on Dec. 28, data from the Bankers Association of the Philippines showed. Week on week, the peso weakened by […]
PHILIPPINE SHARES may climb this week amid thin trading after the holidays as investors expect a better year for corporates and the economy in 2023. The bellwether Philippine Stock Exchange index (PSEi) inched down by 0.15 point to close at 6,566.39 on Dec. 29, while the broader all shares index rose by 12.71 points or […]
PHILIPPINE STOCKS may move sideways in the last trading week of the year as investors price in economic concerns that may linger in 2023. The bellwether Philippine Stock Exchange index (PSEi) declined by 35.91 points or 0.54% to close at 6,541.03 on Friday, while the broader all shares index lost 9.79 points or 0.28% to […]
THE PESO is expected to move sideways this week on the further increase of holiday spending, especially as trading reaches the tail-end of the season. The local unit closed at P55.15 per dollar on Friday, weakening by six centavos from its P55.09 finish on Thursday, Bankers Association of the Philippines data showed. However, week on […]
LOCAL shares snapped out of their rally on Friday mirroring Wall Street’s decline on Thursday amid fears that central banks’ rate hikes could lead to an economic downturn. The bellwether Philippine Stock Exchange index (PSEi) declined by 35.91 points or 0.54% to close at 6,541.03 on Friday, while the broader all-shares index lost 9.79 points […]
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 […]
THE PESO is expected to move sideways against the dollar this week as both the US Federal Reserve and the Bangko Sentral ng Pilipinas (BSP) are likely to continue hiking rates to bring down inflation. The local unit closed at P55.56 per dollar on Friday, rising by 12.5 centavos from its P55.685 finish on Thursday, […]