Markets
T-bill yields mixed as Middle East tensions offset BSP rate cut
Treasury Bills, Middle East Tension, BSP, Rate Cut,
“PH market fundamentals solid despite geopolitical risks”
BPI Securities on Thursday affirms that the economy remains fundamentally sound despite rising geopolitical tensions in the Middle East. Mark Race, its president and CEO, said that while the country faces risks from elevated oil prices due to its status as a major importer, stable inflation and improving domestic supply conditions, particularly in rice, are helping to cushion the impact.
Stocks slide as Israel-Iran conflict reignites
Wall Street wrapped up the week on a sour note as renewed tensions between Israel and Iran rattled global markets on Friday.
Oracle earnings propel stocks, Ellison to world’s 2nd richest
Strong earnings—and an even stronger outlook—sent Oracle Corp. shares soaring to an all-time high on Thursday, adding an estimated USD26 billion to the net worth of co-founder Larry Ellison, enough to make him the world second wealthiest man, at least on paper.
PSE slashes STT under new law
The Philippine Stock Exchange (PSE) announced it will slash the stock transaction tax (STT) to 0.1 percent from the current 0.6 percent starting 1 July 2025, in line with the implementation of the Capital Markets Efficiency Promotion Act (CMEPA).
