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 Philippines' unemployment rate rose to 4.7 percent in April as the economy failed to keep up with the increase in the number of Filipinos joining the workforce.
The Department of Tourism (DOT) has bolstered its leadership ranks with the appointment of three new undersecretaries, including former Philippine Airlines (PAL) president Stanley K. Ng, as the agency intensifies efforts to strengthen the country’s tourism competitiveness and accelerate industry growth.
Alliance Select Foods International Inc. has temporarily suspended operations at its General Santos facility after strong 7.8 magnitude earthquake struck the city and nearby areas on Monday, June 8, forcing the company to assess damage and ensure employee safety before resuming production.
For many Filipinos, "masakit ang tiyan" is often treated as a single problem with a single solution. A little discomfort, a familiar home remedy, and the assumption that all stomachaches are basically the same.