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Philippine shares ride buoyant US markets

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San Miguel gets 3.8% stake in Meralco

Latest Business Stories

Meralco nears power restoration in flooded areas

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Foreign Exchange Rate
July 23, 2025
usd
1 USD = 57.0180
Currency Peso Equivalent
jpy
JPY
0.3889
gbp
GBP
77.1511
hkd
HKD
7.2639
chf
CHF
71.9470
CAD
CAD
41.9127
SGD
SGD
44.6080
AUD
AUD
37.3468
BHD
BHD
151.2574
Currency Peso Equivalent
SAR
SAR
15.1995
BND
BND
44.4342
IDR
IDR
0.0035
JPY
THB
1.7730
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AED
15.5239
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67.0019
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Index Report
Market CLOSED: Jul 23, 2025 3:58 PM
Index
Value
Chng%
PSEi
6,462.25
1.68
All Shares
3,807.35
1.34
Financials
2,259.63
0.48
Industrial
9,179.93
0.44
Holding Firms
5,469.51
1.34
Services
2,264.35
5.84
Mining and Oil
9,391.19
2.09
Property
2,399.87
0.36

Industries

Meralco nears power restoration in flooded areas

MANILA, Philippines– Manila Electric Co.’s (Meralco) electricity services have been restored in most Habagat-hit areas, with the number of affected consumers down to 2,790 as of Wednesday afternoon. In an...

Finance

50.4% of Filipinos benefit from financial inclusion

MANILA, Philippines — The proportion of Filipinos with financial accounts slightly fell in 2024 compared with three years ago, the World Bank (WB) Group reported, highlighting the challenges of onboarding...

Consumer & Retail

Swatch profits plunge on weak China sales

Swatch profits plunge on weak China sales

ZURICH, Switzerland — Swatch Group said Thursday that weak sales in China wiped out growth elsewhere in the first half of the year for the…

Columns

Tourism & Transportation

Uber invests $300M in Lucid Motors in robotaxi push

NEW YORK, United States — Ride-hailing giant Uber announced Thursday it will acquire $300 million worth of shares in US electric vehicle maker Lucid Motors. This…

Foreign News

Peso weakens further as dollar gains on allayed Fed fears

MANILA, Philippines – The peso sank deeper into the 57:$1 level on Thursday, as the dollar gained strength after US President Donald Trump had said…

Economy

BDO sustainable finance portfolio hits P1T

MANILA, Philippines — BDO Unibank, the country’s leading lender, has hit the P1-trillion mark in sustainable finance, supporting projects from energy, infrastructure, water and transportation…

Communications

Philippine shares ride buoyant US markets

MANILA, Philippines — The Philippine Stock Exchange Index (PSEi) rallied back to the 6,400 mark on Wednesday, riding buoyant US markets while shrugging off jitters…

Industry Movements

Indie game studios battle for piece of Switch 2 success

KYOTO, Japan — Players line up inside Nintendo’s booth at a Japanese game fair to try upcoming Switch 2 titles. But, for once, the company’s chirpy…

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