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MANILA, Philippines - Share prices continued to fall yesterday as intensifying tensions between the United States and North Korea dampen buying sentiment, analysts said yesterday.
The local stock barometer slipped for the third straight session on Thursday after failing anew to stay above the 8,000 mark in intra-day trade.
MANILA, Philippines - Risk averse investors continued to stay away from the market yesterday on lingering concerns over tensions between North Korea and the United States.
This report contains terminology that may be unfamiliar to some readers. The Glossary gives definitions for frequently used terms.
Consumers should brace themselves for possible increases in bread prices in the second half of the year, as drought in the United States has caused world wheat prices to rise by as much as 50 percent.
Metropolitan Bank and Trust Co. could be sanctioned by the Bangko Sentral ng Pilipinas (BSP) if management is found to have breached internal controls following the BSP’s probe into a massive internal fraud incident that involved anywhere from P900 million to P2.5 billion.
There have been recent lapses in bank internal controls that make it inappropriate for banks and the BSP to claim the incidents are isolated. The latest case at Metrobank is the most shocking since the RCBC money laundering case happened.
President Duterte took an oblique swipe at the bicameral Commission on Appointments (CA) in his State of the Nation Address (Sona) when he repeatedly attacked mining firms for destroying the environment.
Members of National Bureau of Investigation-Anti Fraud Division arrested Maria Victoria ‘Marivic’ Lopez, head of the Metrobanks’ Corporate Service Management for alleged qualified theft, falsification and violation of the General Banking Law on a entrapment operation during press briefing in NBI office, Manila. INQUIRER PHOTO / RICHARD A. REYES
Members of National Bureau of Investigation-Anti Fraud Division arrested Ma. Victoria ‘Marivic’ Lopez, head of the Metrobanks’ Corporate Service Management for alleged qualified theft, falsification and violation of the General Banking Law on a entrapment operation during press briefing in NBI office, Manila. INQUIRER PHOTO / RICHARD A. REYES
The National Bureau of Investigation (NBI) has filed before the Makati Prosecutor’s Office a criminal complaint against the Metropolitan Bank and Trust Company (Metrobank) executive, who was arrested last Monday for attempting to pocket P2.25-million loan payment of one of its major corporate clients.
The chair of the House committee on banks and financial intermediaries on Friday called a congressional investigation into an “alarming” case of internal fraud amounting to P900 million that rocked Metropolitan Bank and Trust Co. (Metrobank), the country’s second-largest bank.
Metropolitan Bank and Trust Co. (Metrobank), the country’s second-largest bank, has been hit by internal fraud that a senior official allegedly perpetrated, causing it to lose at least P900 million.
It has always been observed that the peso-dollar exchange rate has an inverse relationship with the stock market so that whenever the PSE index rises or falls, the price of dollar in pesos decreases or increases, or vice versa, by end of the day.
MANILA, Philippines - Universal Robina Corp. (URC), the food and beverage arm of the Gokongwei Group, is urging government and lawmakers to consider the industry’s position on the proposed higher excise tax on sugar sweetened beverages (SSBs).
Regional industrial powerhouse Universal Robina Corp. (URC) sees a path to recovery this 2017 following the unexpected recall of its beverage brands in Vietnam alongside cutthroat domestic competition that gnawed on earnings last year.
MANILA, Philippines - JG Summit Holdings Inc. is setting off on a more aggressive capital spending program this year as it seeks better positioning for its various businesses to counter emerging challenges on the external front.
Industrial conglomerate JG Summit Holdings Inc. has budgeted P48.2 billion for capital spending this year as the group starts a new phase of expansion program for its pioneering petrochemical business.
A trip to your local supermarket or convenience store will tell you that the chiller section is loaded with drinks of all kinds, shapes, and flavors. With the variety of beverages available, it can get a bit confusing to choose which one we want to take to the counter. However, what can make your decision easier is seeing whether or not a drink has any nutritional benefits. More often than not, those that are packed with sugar and artificial flavors offer nothing more than just good taste.
The sacrifices of our soldiers are well recognized not only by their families, but also by the whole country. As days pass by in the battle of Marawi, the prayers for the war to end continues.
In our battle for peace, we often forget to give credit and gratitude to the brave men who are front liners in protecting our brothers and sisters. Upon reaching the battle ground, their lives are already in danger. As they say, they have their one foot in the grave already. And that is the sad reality brought by these wars.
The local stock barometer pulled back yesterday as domestic investors pocketed gains ahead of the US Federal Reserve’s monetary decision.
Local stocks rose in light trading yesterday after President Duterte’s decision to declare martial rule in Mindanao in response to a terrorist attack in the city of Marawi.
The Jakarta SE Composite Index rose as much as 1.4 per cent on the back of gains in financial and consumer discretionary stocks. — Reuters picSINGAPORE, May 22 — South-east Asian stock markets rose on today, in line with Asian peers on cues from Wall Street and firm crude oil prices amid continued US political uncertainty.
The local stock barometer firmed up slightly yesterday as domestic investors picked up shares when the index neared the 7,700 barrier.