MANILA – Philippine stocks sank deeper into negative territory on Tuesday as investors stayed cautious amid elevated oil prices and the peso’s continued weakness. The benchmark Philippine Stock Exchange Index (PSEi) dropped by 0.75 percent, or 44.72 point... See more
Sharon Garin Energy Secretary Sharon Garin ordered on Friday a full investigation into the massive transmission line trippings that triggered widespread power interruptions in Luzon and worsened supply conditions in the Visayas grid. Garin said the outage... See more
Puregold Q1 profit surged 24% to P3.26B Puregold Price Club, Inc. saw a sharp increase in first-quarter earnings as strong sales growth and improving margins boosted profitability across its supermarket and membership warehouse formats. The tycoon Lucio C... See more
Universal Robina’s Jan-Mar earnings went down 2% Universal Robina Corp. (URC) saw its first-quarter core earnings slip by 2 percent as weaker sugar prices weighed on its commodities business despite strong growth from branded consumer foods. The Gokongwei... See more
PSEi rebounds on easing Mideast war The Philippine Stock Exchange Index (PSEi) rebounded on Wednesday as investors welcomed signs of easing tensions in the Middle East. This helped lift appetite for risk assets and extend foreign buying on the local bours... See more
