Real estate services giant Leechiu Property Consultants is forecasting a “gradual” easing of office vacancies next year thanks to resilient demand from outsourcing firms and Philippine Offshore Gaining Operators (Pogo) that have returned to Manila Bay. “The Philippine office market performed better than expected this year amid geopolitical uncertainties and looming fears that hybrid work will cause the market to contract significantly similar to major cities globally,” said Mikko Barrand...
Breaking records one after the other, the market made history anew last Friday when it breached another psychological price barrier of the benchmark Philippine Stock Exchange index (PSEi) as it reached an all-time high of 9,041.20. This was the market’s eighth record-breaking performance since the start of the year. Needless to say, bullish sentiments continued to power the market, thanks to local punters. Market developments on Wall Street have also been fueling peers on this side of the world. ...
A “Help Wanted” sign hangs in a restaurant window in Medford, Massachusetts, U.S., Jan 25, 2023. REUTERS/Brian Snyder/File Photo
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MANILA , Philippines -After a two-decade lull, Philippine Telegraph & Telephone Corp. is preparing to return to the stock market after its major shareholders injected fresh capital and wiped out about P12 billion in debt in a rare turnaround event for one of the largest firms struck down in the aftermath of the Asian Financial Crisis. PT&T, which was established in the early 1960s and was once a rival of industry giant PLDT Inc., is seeking the Philippine Stock Exchange’s approval to lift a 2004 trading suspension, which will allow it to rais ...
HONG KONG – Shanghai and Shenzhen stock exchanges said late Thursday they would study measures to lower investors’ trading costs and improve liquidity to further stimulate the market. The measures include allowing investors to place smaller orders in auction trading and improving trading mechanisms for exchange-traded funds (ETFs). The exchanges also revised rules to allow faster development of index funds. The announcements came after top Chinese leaders vowed to “invigorate capital markets and boost investor confidence” during the Jul ...
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