Markets

Globe Telecom Inc. is setting a new benchmark in the Philippine telecommunications sector with the launch of 587 new 5G sites across the country. The investment is designed to meet the growing demand for high-speed mobile services and enhance Globe’s leadership in the industry.

Unicapital Inc., one of the leading local brokers, has revised its year-end forecast for the benchmark Philippine Stock Exchange index (PSEi) to 7,800 points, down from the previous estimate of 8,000 points. The adjustment, however, still indicates a notable growth outlook for the market, with a potential 10 percent rise from the current level of 6,529 points.

Shares of Jollibee Foods Corp. surged Thursday, pushing towards its 52-week high after the Philippine Stock Exchange (PSE) approved listed food group's request to amend its foreign ownership limit by removing the 40 percent cap and replacing it with “no limit.” 

The Philippine Nickel Industry Association (PNIA) remains optimistic about the local nickel sector’s production growth, forecasting a 10 to 15 percent increase in 2025, driven by continued global demand for stainless steel and favorable nickel prices.

First Metro Securities Brokerage Corporation (FirstMetroSec) is optimistic about the Philippine stock market in 2025, forecasting a strong recovery driven by improving economic conditions,...