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.
Fuel prices will see mixed adjustments again this week, driven by shifting global oil prices tied to tensions in the Middle East, according to a local fuel retailer.
Metro Pacific Tollways Corp. (MPTC) reported a 3 percent drop in net income for the first quarter of 2026, totaling ₱2.25 billion from ₱2.32 billion a year earlier, due to rising costs and expenses.
PLDT Enterprise rolled out free WiFi in quake-hit areas — General Santos City, Sarangani, Glan, Jose Abad Santos, and parts of Davao Occidental — serving thousands of residents.
Globe Telecom is stepping up infrastructure and resiliency upgrades in Aklan and Antique to boost connectivity for residents, businesses, schools, hospitals, and government offices amid the growing digital economy.