Inflation hits 26-month high in February

Consumer prices rose faster for a fifth straight month to a 26-month high in February as food prices continued to surge, the Philippine Statistics Agency reported on Friday. Preliminary data from the PSA showed headline inflation at 4.7% last month, picking up from 4.2% in January 2021 and 2.6% in February 2020. The February inflation result marked the fastest pace…

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PHL shares snap rally on profit taking, virus fears

THE benchmark index ended its four-day winning streak, closing in the red on Thursday on profit taking following developments in the coronavirus disease 2019 (COVID-19) situation in the country. The Philippine Stock Exchange index (PSEi) went down by 60.27 points or 0.86% to close at 6,882.49 on Thursday, while the broader all shares index declined by 23.54 points or 0.56%…

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PSEi rises further on vaccinations, firms’ earnings

LOCAL SHARES climbed further on Wednesday on last-minute bargain hunting as optimism over the start of the government’s vaccination program continued to lift the market. The Philippine Stock Exchange index (PSEi) inched up by 23.22 points or 0.33% to close at 6,942.76 on Wednesday, while the all shares index increased 6.84 points or 0.16% to 4,186.76. “With [the] majority of…

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Local stocks extend climb as vaccinations start

PHILIPPINE SHARES closed in the green as investors remained optimistic after the country’s coronavirus disease 2019 (COVID-19) vaccinations started. The benchmark Philippine Stock Exchange index (PSEi) went up by 46.57 points or 0.67% to close at 6,919.54 on Tuesday, while the broader all shares index climbed 14.52 points or 0.34% to 4,179.92. “The local bourse managed to close the day…

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Peso steady on PMI data, vaccination

THE PESO closed unchanged versus the greenback on Monday as the market priced in steady manufacturing activity in February and the start of the government’s vaccination drive. The local unit closed at P48.59 per dollar on Monday, unchanged from its Friday finish, data from the Bankers Association of the Philippines showed. The peso opened Monday’s session at P48.60 per dollar.…

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