Philippine equities held their footing above the 6,000 level as caution continued to dominate trading, with analysts balancing global headwinds against pockets of domestic resilience.
Villar Land Holdings Group is facing a slew of legal charges, including insider trading and market manipulation, after the Securities and Exchange Commission (SEC) filed criminal complaints against one of the country’s most politically powerful and wealthiest families.
Investors are getting a fresh menu of peso bond options as state-owned Landbank of the Philippines and lister property developer Rockwell Land Corp. line up new offerings, tapping demand for predictable income while interest-rate expectations remain finely balanced.