Peso strengthens against US dollar ahead of long weekend
The peso strengthened against the US dollar on Wednesday as Filipino households received more remittances from relatives overseas as the long weekend neared.
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Daily TribuneTopic
The peso strengthened against the US dollar on Wednesday as Filipino households received more remittances from relatives overseas as the long weekend neared.
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The stock index on Wednesday dropped 45.5 points, or 0.61 percent, to close at 7,367.66.
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TransUnion’s 2024 Credit Perception Index revealed that 65 percent of urban dwellers preferred social media as their top source for information on credit…
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The negative spillovers from Wall Street weighed on the local market.
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The 12-month index target now stands at 8,354 based on Bloomberg’s target price compilation.
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Companies will definitely get extensive and first-hand information on how an IPO journey unfolds from the discussions since we invited senior executives…
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The local stock market gauge on Tuesday closed in red, dropping by 17.43 points, or 0.23 percent, to close at 7,537.25.
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Financials was the biggest loser down by 0.46 percent, then Miners by 0.39 percent
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The Philippine stock index bounced back on Tuesday, gaining by 107.67 points, or 1.48 percent, to close at 7,380.32 level.
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The local bourse on Monday continued a downslide, losing 155.65 points, or 2.10 percent, to close at 7,272.65.
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Based on the World Intellectual Property Organization report, in the latest 2024 GII, the Philippines rose three ranks to 53rd place and, for the first time,…
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The Intellectual Property of the Philippines has attributed the country’s improvement on the 2024 Global Innovation Index (GII) to the current administration’s…
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Profit-taking dragged the PSEi into the red despite remaining in overbought territory, ignoring positive US market momentum.
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Gold prices surged to an all-time high, which he said is driven by escalating tensions in the Middle East and optimism surrounding monetary easing
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A significant drop in weekly jobless claims to 219,000 also bolstered hopes for a U.S. soft landing.
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The local bourse on Friday dropped 1.82 points, or 0.03 percent, to close at 7,022.85, a day after it breached the 7,000 level.
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The Philippine stock market on Monday ended in green, climbing by 48.16 points, or 0.69 percent, to close at 6,984.25.
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Net proceeds will be used to fund the capital infusion to UnionDigital, projected retail loan availments, and/or for general corporate purposes.
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