Philippine stocks rose on Thursday, pushing the benchmark index above 6,100, while the Bangko Sentral ng Pilipinas (BSP) kept its policy rate unchanged at 5.75 percent. Despite uncertainties and a possible growth miss in 2025, optimism in Asian markets and hopes for a peace resolution in Ukraine fueled the Philippine market's gains.
The 30-company Philippine Stock Exchange index advanced 69.06 points, or 1.14 percent, to close at 6,113.19, while the broader all-shares index rose 28.54 points, or 0.79 percent, to settle at 3,647.73The Monetary Board of the Bangko Sentral ng Pilipinas , however, decided to keep its policy rate unchanged at 5.75 percent.
Asian markets mostly rose Thursday, and oil prices extended losses as forecast-topping US inflation was overshadowed by hopes for an end to the Ukraine war after news Donald Trump and Russia’s Vladimir Putin had discussed peace talks. The Kremlin said the call lasted nearly one-and-a-half hours and the leaders had agreed that the “time has come to work together.” With AFP
Tokyo climbed more than 1 percent on a weaker yen, while Sydney, Seoul, Taipei, Mumbai, and Bangkok were also higher.
Finance PHILIPPINE STOCKS BSP POLICY RATE ASIAN MARKETS UKRAINE WAR
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Philippine Stock Exchange to Acquire Controlling Stake in Philippine Dealing System Holdings Corp.The Philippine Stock Exchange Inc. (PSE) is reallocating P110 million from a 2018 stock rights offering to acquire a controlling stake in the Philippine Dealing System Holdings Corp. (PDSHC). This move follows a series of share purchases by the PSE from other PDSHC stakeholders, aiming to consolidate the country's equities and fixed-income exchanges. The PSE's equity stake in PDSHC currently stands at 55.53 percent.
Read more »
Philippine Stock Exchange Reallocates Funds to Acquire Controlling Stake in Philippine Dealing SystemThe Philippine Stock Exchange Inc. (PSE) is using funds from a 2018 stock rights offering to acquire a controlling stake in the Philippine Dealing System Holdings Corp. (PDSHC). This move consolidates the country's equities and fixed-income exchanges.
Read more »
Philippine Stock Exchange Reaches Near-Majority Stake in Philippine Dealing System HoldingsThe Philippine Stock Exchange (PSE) has successfully acquired a significant stake in Philippine Dealing System Holdings Corp. (PDSHC), bringing the bourse closer to consolidating the country's equities and fixed-income exchanges.
Read more »
Philippine Coast Guard Monitors Chinese Vessel in West Philippine SeaThe Philippine Coast Guard (PCG) is closely watching a Chinese Coast Guard (CCG) vessel operating illegally off the Zambales coast in the West Philippine Sea (WPS). The PCG deployed the BRP Gabriela Silang to keep a protective distance from the CCG vessel, preventing its approach to the Philippine coastline. Despite the CCG's radio challenges alleging a violation of maritime collision regulations, the PCG maintains that the core issue is the CCG's illegal presence in Philippine waters.
Read more »
Philippine Fishermen Sound Alarm Over US-Led Military Exercises in Philippine WatersFilipino fishermen express deep concerns over the environmental and social impacts of joint military exercises conducted by the United States in Philippine waters. They argue that these exercises disrupt their livelihoods, cause psychological trauma, and damage fragile marine ecosystems.
Read more »
Philippine Coast Guard Stands Firm Against Chinese Vessels in West Philippine SeaThe Philippine Coast Guard (PCG) asserts its authority in the West Philippine Sea (WPS), issuing radio challenges to Chinese Coast Guard (CCG) vessels encroaching within the country's exclusive economic zone (EEZ).
Read more »