Broker Unicapital Securities Inc. on Monday recomputed the benchmark Philippine Stock Exchange index (PSEi) to round the year higher to 7,600 points from 7,000 points previously on the back of still lower interest rates at the close of 2024.
The number of listings at the Philippine Stock Exchange is forecast to rise in 2025 from just a handful this year as a consequence of the decline in interest rates that makes equities attractive versus fixed income securities.
Agriculture Secretary Francisco P. Tiu Laurel, Jr. welcomed with guarded optimism the sharp slowdown in September inflation attributed to the decline in food prices, particularly rice.
Headline inflation slowed to 1.9 percent in September, the slowest pace since the onset of the COVID-19 pandemic, the Philippine Statistics Authority reported on Friday.
Budget carrier Cebu Pacific on Thursday signaled air fares could inflate once the new concession at the Ninoy Aquino International Airport (NAIA) implements the revised airport charges.