The local equity market’s recent slump should be taken as a signal for investors to hunt for cheap buys, the head of the Philippine Stock Exchange (PSE) said. The country’s strong macroeconomic fundamentals, PSE president Hans Sicat said, only pointed to the continued strength of local shares in the coming months. “The better [...]
The peso erased most of its gains made earlier this week as the dollar strengthened amid the expectation of a sustained improvement in the US economy.
The Bangko Sentral ng Pilipinas (BSP) is ready to step in to mitigate the effects of any sudden outflow of foreign capital that may have adverse effects on the economy.
The Bangko Sentral ng Pilipinas (BSP) has hinted at another easing of monetary policy in the coming Monetary Board meeting next week following the release of low-inflation data for May.
The Philippine bond market continued to post healthy growth in the first quarter as corporations raised funds through debt for expansion, taking advantage of low interest rates.
Two local banks are facing downgrades by debt watcher Moody’s Investor Service, not because of the deterioration in their credit quality, but as a result of a recent change in the rating firm’s methodology when dealing with subordinated debt.
The country’s major banks remain well capitalized and prepared for unexpected hits that may come from economic problems overseas, the Bangko Sentral ng Pilipinas (BSP) reported on Monday.
Singapore’s Tiger Airways posted an operating profit for the second quarter in a row for the period ending March 31, although operations in the Philippines are still in the red despite efforts to expand.
Flag carrier Philippine Airlines opened new routes to Australia this week in line with the company’s aggressive expansion using brand-new aircraft.
Beverage maker Pepsi-Cola Products Philippines Inc. will spend $100 million to expand its Philippine operations this year, which involves the widening of its distribution network and increase in its manufacturing capacity.
Globe Telecom has moved to convert up to 69 percent of the Bayan Telecommunications Inc. (Bayantel) debt it holds into shares in the company to help the ailing telco get over its financial woes.
Media giant ABS-CBN Corp. plans to launch its own telco brand that aims to give subscribers access to exclusive content on mobile devices, as part of plans to reach audiences that are slowly changing their viewing habits.
