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.
Philippine equities continue to show underlying strength despite the PSEi’s recent mild pullback, which analysts view as a natural bout of profit-taking after a sharp advance.
The benchmark Philippine Stock Exchange index (PSEi) could hit 7,800 points within the year as most of its 30-members have forecast earnings exceeding pre-pandemic levels.
Ayala Malls is supercharging Trinoma with The Exchange at Trinoma, a new 40,000-square-meter retail and office wing designed to tap into rising commuter traffic and commercial activity at Quezon City’s upcoming Unified Grand Central Station.
Fuel prices are set to move upward again this week, with gasoline and diesel increasing for the third straight week, while kerosene will get another price cut, according to the Department of Energy (DOE).
The Philippine Rice Research Institute (Philippine Rice Research Institute) is urging rice farmers to adopt practical cost-saving measures as rising global prices of farm inputs continue to increase production expenses during the wet season planting period.
The Securities and Exchange Commission (SEC) has warned the public against dealing with fake online lending platforms posing as MocaMoca and Copperstone Lending Inc., citing reports of fraud, harassment, and possible misuse of personal data.