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Stocks fall as investors take profits from the rally

SHARES made its three-day rally on Thursday as investors took profits and after Nikkei Asia’s 2019 coronavirus disease (COVID-19) recovery report put the Philippines in last place. The Philippine Stock Exchange Index (PSEi) fell 106.15 points, or 1.50%, on Thursday to close at 6,951.30 while the All Shares Index fell …

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PSEi rises to 7,000 with lower COVID-19 cases

PHILIPPINE stock climbed above 7,000 on Wednesday on the back of the country’s improving 2019 coronavirus disease (COVID-19) situation and slower inflationary pressures seen in September. The Philippine Stock Exchange Index (PSEi) gained 76.21 points, or 1.09%, to close at 7,057.45 on Wednesday, while the All Shares Index rose 50.97 …

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Stocks rise as inflation eases slightly in September.

PHILIPPINE shares posted gains on Tuesday due to better-than-expected inflationary pressures in September and improving coronavirus disease 2019 (COVID-19) numbers. The 30-strong Philippine Stock Exchange Index (PSEi) gained 20.35 points, or 0.29%, to close at 6,981.24 on Tuesday, while the broader all-shares index rose 9.98 points or 0.23% and ended …

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Stocks move sideways ahead of inflation data

Courtesy of PHILIPPINE STOCK EXCHANGE, INC. EQUITIES could move sideways this week on fears of faster inflation and the market awaits further guidance from the US Federal Reserve on its plan to unwind its stimulus measures. The Philippine Stock Exchange Index (PSEi) lost 29.28 points, or 0.42%, on Friday to …

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Facilities receive an additional 10% allowable capacity

Louella Desiderio – The Filipino Star October 3, 2021 | 12:00 noon MANILA, Philippines – Facilities such as dining restaurants, personal care providers, churches and fitness studios are now allowed to operate at an additional 10 percent in addition to the permitted 20 percent of the capacity according to Alert …

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The banks’ non-performing loans continue to pile up

SW FILE PHOTO from Luz Wendy T. Noble, reporter Non-performing loans (NPL) held by Philippine banks continued to surge to pesos 491.926 billion in August as borrowers struggled to make repayments amid sluggish business activity. Data released Friday by Bangko Sentral ng Pilipinas (BSP) showed that non-performing loans rose 61% …

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MREIT is trading higher on its market debut

RICHMONDE Tower in the Iloilo Business Park from Keren Concepcion G. Valmonte, reporter MREIT, Inc. closed higher on its market debut Friday after completing its initial public offering (IPO) at P15.3 billion. MREIT, operated by Megaworld Corp. sponsored Real Estate Investment Trust (REIT), is the fourth REIT to go public …

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Lending grows in August after eight months of decline

Bank loan recovers in August to his first andAnnual growth after eight consecutive months of decline, supported by an increase in production credits andflTransfer of the regulator’s rate cuts in 2020. Big bank loans outstanding rose 1.3% year over year to 9.487 trillion pence in August, based on preliminary data …

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