Philippine stocks rebounded Wednesday on last-minute bargain hunting, narrower trade deficit in March and positive employment data.
The 30-company Philippine Stock Exchange index rose 40.60 points, or 0.61 percent, to close at 6,659.18, while the broader all-shares index climbed 10.82 points, or 0.31 percent, to 3,516.57.
Philstocks Financial Inc research analyst Claire Alviar said the positive employment data bolstered investor sentiment.
Alviar said while the government reported that unemployment rate in March...
The International Monetary Fund on Wednesday upgraded its 2021 growth projection for the Philippines to 4.6 percent from 3.2 percent, taking into account the...
The National Telecommunication Commission on Wednesday defended the award of TV frequencies previously held by ABS-CBN Corp. to a company controlled by the family...