Tuesday, March 2, 2021
 

Positive developments needed to extend market’s gains – report

 

Latest Stories

Senate passes bill to speed up vaccination program

THE Senate passed on third and final reading a bill which will expedite the purchase and administration of coronavirus...

PH logs 1,414 new Covid cases

THE Philippines registered 1,414 new cases of the coronavirus disease 2019 (Covid-19) on Tuesday, raising the number of infections...

Murder raps filed vs suspects behind killing of Korean in Valenzuela

POLICE arrested and filed murder charges against eight suspects behind the killing of a South Korean businessman in Valenzuela...

DILG eyes scrapping swab testing as travel requirement

THE Department of the Interior and Local Government (DILG) is considering scrapping tests for the coronavirus disease (Covid-19) as...

OFFICIAL: Sotto won’t rejoin Ignite, G League

It's official. Filipino NBA prospect Kai Sotto will not rejoin Team Ignite, according to NBA G League president Shareef Abdur-Rahim. "NBA...

Positive developments in the economy and in listed companies are needed to sustain the rebound the local market saw in October, First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said on Wednesday. In their latest Market Call report, FMIC and UA&P said the Philippine Stock Exchange index (PSEi) rallied in October as it climbed 7.8-percent month-on-month, buoyed by improved sentiment amid eased quarantine restrictions, government financial assistances to firms and listed corporations tapping offshore equity and debt markets for funding. The bourse’s recovery in the 10th month is the highest among global equities markets, they added. However, the report said, “favorable news” like accelerating growth, job creation and better earnings for corporations are needed for the main index to keep posting gains. “This would entail a clear break from the constraints imposed by Covid-19 (coronavirus disease 2019) on workers getting to their workplaces and firms getting sufficient liquidity to normalize operations,” it added.




 
 

Weather

Today's Front Page

TRY OUR DIGITAL EDITION
FREE FOR 30 DAYS

ALREADY A SUBSCRIBER?