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PSEi slips on profit-taking

The local stock barometer slipped on Wednesday but stayed above the 7,300 mark as investors pocketed recent gains. The main-share Philippine Stock Exchange index (PSEi) lost 47.29 points or 0.64 percent to close at 7,323.36, wiping the modest gain eked out in morning trade. The PSEi declined for the second straight session as investors reassessed […]

Peso’s value now equivalent to only 67 centavos

The quality of life of Filipino working class is heading for the worst as the value of their daily pay in pesos plunged to a measly 67 centavos in December last year, the lowest purchasing power of the local currency since 2008, the Associated Labor Unions (ALU) said. As a consequence of  the diminishing value […]

Market resistance brings down stocks

Market resistance brings down stocks

MANILA, Philippines – The market saw some resistance yesterday, with the benchmark Philippine Stock Exchange index (PSEi) refusing to climb up to the 7,400 level. After booking gains during the morning trade — the PSEi was up 1.48 points or 0.02 percent as of 12 noon yesterday, the main composite index shed 47.29 points or […]

PH to benefit if TPP falters, says economic research firm

The Philippines stands to benefit in case the Trans-Pacific Partnership (TPP), previously pushed by the US, falters during the Trump presidency, London-based economic research firm Capital Economics said. “The main beneficiaries of the failure of the TPP and the improved prospects for RCEP [Regional Comprehensive Economic Partnership] are parts of Asia that were due to […]