Philippines stocks are expected to trade sideways after the previous week’s decline as investors await direction on policy rates in the upcoming Monetary Board meeting this week.
“The markets would take cue for the upcoming BSP monetary-policy-setting meeting on Thursday, May 16, 2024, and the latest signals on local monetary authorities on possible rate cuts later in 2024 or 2025,” Rizal Commercial Banking Corp. chief economist Michael Ricarfort said.
Ricafort...
Property developer Megaworld Corp. said Thursday net income attributable to shareholders of the parent company rose eight percent year-on-year to P4.4 billion in the...
Snacks and noodle maker Monde Nissin Corp. reported Thursday core net income attributable to shareholders for the first quarter climbed 53.4 percent to P2.9...
DigiPlus Interactive Corp., the fastest-growing digital entertainment group in the country, saw its net income surge 358 percent to P2 billion in the first...
Philippine stocks rebounded Wednesday on last-minute bargain hunting, narrower trade deficit in March and positive employment data.
The 30-company Philippine Stock Exchange index rose 40.60...
