Tag: PSEi

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PSEi steady above 6,000 amid mixed signals

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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

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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

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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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Sandiganbayan orders Senator Jinggoy Estrada arrest

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The Sandiganbayan, the Philippines’ anti-graft court, on Friday issued arrest warrants for Senator Jinggoy Estrada, former Public Works Secretary Emmanuel Bonoan, and several DPWH engineers over alleged plunder and graft linked to illegal insertions in the 2025 infrastructure budget in exchange for kickbacks totaling P573 million. The orders followed charges filed by the Ombudsman. While graft cases are generally bailable, plunder usually is not unless evidence is weak. Estrada, who plans to post bail, is a sitting senator, who will serve as a judge in Vice President Sara Duterte’s impeachment trial.

Green Lane speeds P360B wind investments forward

Energy & Mining 0
The government’s Green Lane initiative is accelerating major renewable energy investments, with the Board of Investments stepping up efforts to fast-track four offshore and onshore wind projects worth a combined P360.67 billion. 

Marcos lands P56B Japanese investments, 10,300 jobs

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President Ferdinand R. Marcos Jr. secured P56.3 billion in investment expansion commitments from four major Japanese firms during business meetings on the sidelines of his State Visit to Japan, promising roughly 10,300 direct and indirect jobs for Filipinos.

Megaworld-led share swap deal targets income growth

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Megaworld Corp., along with Travellers International Hotel Group, Inc. (TIHGI) and Southwoods Mall, Inc. (SMI), has signed a Memorandum of Understanding (MOU) with listed real estate investment trust MREIT, Inc. to pursue a strategic property-for-share swap. 

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