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.
Century Properties Group reported a 6-percent decline in net income in the first quarter of the year, as higher interest expenses and taxes offset gains from its core operations.
Converge ICT Solutions Inc. has ranked first in the Philippines’ SpeedGeo Broadband Internet Speed Ranking for the first quarter of the year, based on hundreds of thousands of user tests nationwide.
The Department of Agriculture (DA) said the P50 per kilo price cap on imported rice is fair for both consumers and rice sellers, as authorities continue enforcing President Ferdinand Marcos Jr.’s order to keep rice prices affordable.
BDO Unibank and Mastercard marked 20 years of partnership focused on helping overseas Filipinos send money home and stay financially connected with their families.