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.
The Department of Tourism (DOT) is sticking to its conservative target of 6.4 million international visitor arrivals this year even as it rolls out a new push to energize domestic travel through steeply discounted tourism packages.
Globe Telecom Inc. is advocating for policies that do not favor any single technology, in order to encourage innovation while maintaining strict standards for service quality, security, consumer rights, and fair competition.