PSEi Snaps 2-Day Rally on Profit-Taking; Peso Ends Almost Flat
The Philippine Stock Exchange index (PSEi) declined on Tuesday, snapping a two-day rally as investors engaged in profit-taking. The Philippine peso, meanwhile, closed nearly unchanged against the US dollar. Lower foreign direct investment inflows also contributed to market sentiment.
Read up to 3 eligible full articles per Japan day (JST) for free
Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.
Related articles
- Cebu Pacific Franchise Renewed for 50 Years by House of Representatives
The Philippine House of Representatives has approved on final reading a bill renewing the franchise of Cebu Air Inc., operating as Cebu Pacific, for another 50 years. This ensures the airline's continued contribution to the nation's air transport network.
- House Approves 50-Year Franchise Renewal for Cebu Pacific
The Philippine House of Representatives has overwhelmingly approved a bill granting budget airline Cebu Pacific a new 50-year franchise. This renewal allows the company to continue its operations in the domestic aviation market for the next half-century.
- Estrada suspended anew for 90 days over plunder charges
The Sandiganbayan Fifth Division has ordered a new 90-day preventive suspension for Senator Jinggoy Estrada, who faces plunder charges. This suspension removes him from his Senate seat and any other public office he holds.
- Agriculture Beyond Farming: 5 Business Opportunities for Filipinos
The Philippine agriculture sector is gaining traction, with the government aiming to attract $57.4 million in investments at a UN FAO-hosted forum. This highlights diverse business opportunities extending beyond traditional farming.