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.
Rookie PH is accelerating its expansion in Metro Manila, opening two new stores and rolling out back-to-school promotions as it seeks to bring global kids’ fashion brands closer to Filipino families ahead of the new school year.
Motorists will soon have a clearer way to compare the fuel efficiency of vehicles across brands as the government prepares to fully enforce a mandatory fuel economy labeling program aimed at standardizing vehicle performance information, according to the Department of Energy (DOE).
Australia has formally joined the Luzon Economic Corridor (LEC), underscoring its growing commitment to the Philippines’ infrastructure modernization, investment promotion, and economic reform agenda as bilateral ties continue to deepen.
Angeles Power Inc. (API), parent firm of listed renewable energy player Raslag Corp., has obtained a P2 billion loan from the Bank of the Philippine Islands to fund its 49.9-megawatt Paldo solar facility in Tarlac.