Tag: PSEi

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PSEi steady above 6,000 amid mixed signals

Markets Context.ph Context.ph -
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.

Grounded gains, gathering upside momentum

Economy Context.ph Context.ph -
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.

PSEi seen reaching 7,800 points by yearend

Markets Context.ph Context.ph -
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.

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US crab ban threatens key export lifeline

Agriculture 0
The Philippines' blue swimming crab industry is facing a major threat to one of its most important export markets, prompting exporters to call for urgent government intervention before a looming US import restriction takes effect.

Eala turns Birmingham grass into familiar turf

Sports & Entertainment 0
The grass courts of Birmingham can be slippery places, full of awkward bounces and shortened rallies that punish hesitation. A year ago, Alex Eala found little comfort there, exiting early and leaving with more questions than answers.

Foreign currency reserves stand at US$104 billion in May; remains strong buffer for economy

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The country’s gross international reserves (GIR) reached US$104 billion as at end-May this year, according to preliminary figures from the Bangko Sentral ng Pilipinas (BSP). This reflects a slight drop from the previous month, caused mainly by the national government withdrawing funds from its foreign currency deposits with the central bank to pay off foreign debts, lower value of the BSP’s gold holdings due to falling global gold prices, and net foreign exchange transactions carried out by the central bank.

Auto industry seeks incentives beyond EV transition

Transport & Logistics 0
The Philippine automotive industry is renewing its push for a performance-based incentive program similar to the discontinued Comprehensive Automotive Resurgence Strategy (CARS), arguing that both internal combustion engine (ICE) and electrified vehicle production will be necessary to sustain local manufacturing and meet evolving market demand.

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