By the closing bell, the PSEi added 1.08 percent, or 67.99 points, to 6,354.76 while the broader All Shares index rose 0.71 percent, or 23.70 points, to 3,352.59.Conglomerates GT Capital Holdings and Ayala Corp. announced better earnings, showing further evidence that local companies successfully managed challenges brought about by high inflation during the third quarter of the year.
Holding firms was the top gaining subsector on Monday. It was followed by industrial , property , financials and services while mining and oil fell .
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What’s new with Philippine investment incentives - BusinessWorld Online2022 has ushered in several changes to the Philippines: a new administration, the winding down of the COVID-19 pandemic, and updates to the country’s investment incentive strategy.
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