The bellwether Philippine Sock Exchange index climbed 11.91 points, or 0.19 percent, to close at 6,264.07, while the broader all-shares index inched up by 6.22 points to finish at 3,386.27.
“The local stock index notched a gain on the back of remarks by top Federal Reserve officials that indicate a potential pause in rate hikes if US bond yields remain elevated,” China Bank Capital managing director Juan Paolo Colet said. Rizal Commercial Banking Corp. chief economist Michael Ricafort said the US and local stocks were expected to remain stable, provided that the Israel-Hamas conflict does not spread to other countries in the Middle East, especially the major oil-producing countries.
The peso also traded higher at 56.82 against the US dollar Tuesday, after falling to 56.95 Monday in reaction to the Middle East tension.An international security expert revealed that several former armed groups in Mindanao turned from acts of terrorism to cigarette and...The Bistro Group announced its expansion program with the opening of new stores in various locations in Metro Manila. Italianni's...
Manila Standard website , launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry.