Philippine stocks are entering a pivotal reset phase, with First Metro Securities saying the next move will hinge on whether easing geopolitical tensions translate into sustained macro relief.
Robinsons Retail Holdings Inc., the Gokongwei family-backed supermarket and specialty retail group, is preparing to exit the stock market after 12 years on the Philippine Stock Exchange (PSE).
The Philippine Stock Exchange’s (PSE) longest-serving broker-director questioned proposed term limits that could force her and other veterans to step down.
The Philippine stock market was spared from the worst of Thursday’s regional selloff, holding up better than most Asian peers despite rising global tensions, while the peso hit an all-time low against the dollar.
Luxury developer Shang Properties caused a sharp selloff in its stock after a misplaced decimal point slashed its dividend payout by more than 90 percent, rattling investors in the middle of trading.
A lighthearted exchange about boosting the country’s energy independence quickly turned into a serious call for partnership, as two of the country’s top tycoons pushed for collaboration on major projects.
Philippine stocks plunged Monday in a broad selloff, bringing the total market value wiped out since U.S. strikes in the Middle East began in late February to nearly P1.4 trillion, as war fears and soaring oil prices rattled investors.
The benchmark PSE index fell on Monday as investors reacted to the escalating US-Israel-Iran conflict and rising oil prices that threaten global growth.