The 30-company benchmark Philippine Stock Exchange index gained 1.44 percent week-on-week, closing at 7,415.73 last Friday.
"The index ended on a positive note on Friday as the market priced in the 25-basis-point rate cut by the Bangko Sentral ng Pilipinas (BSP)," Unicapital head of research Wendy Estacio-Cruz said.
Estacio-Cruz said concerns about the further weakening of the peso are being cushioned by easing tensions in the Middle East.
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Esta historia es de la edición October 21, 2024 de The Philippine Star.
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The fabled Kenneth Cobonpue
For the multi-awarded, world-renowned designer Kenneth Cobonpue, inspiration lies everywhere-from the constellations in the sky and the waves of the ocean, to the insects and animals that inhabit his physical and imaginary world, to crumpled soda cans with their undulating forms.
DOE: Offshore wind auction set in 3rd Quarter next year
The Department of Energy (DOE) is set to launch the green energy auction (GEA) for offshore wind projects as early as July 2025, aiming to deliver the first kilowatts by 2028.
FLI creates more room for FILRT asset infusion
Filinvest Land Inc. (FLI), the Gotianun family's listed property developer, is gearing up to infuse more assets into Filinvest REIT Corp. (FILRT) following the completion of its capped voluntary tender offer.
Nuclear energy seen as key solution to climate challenges
Nuclear energy will not only serve as a dependable backbone for the power grid but also emerge as a vital solution to the country's increasing climate challenges, according to a nuclear advocacy group.
ADB OKs $500 M loan to improve public finance
The Asian Development Bank (ADB) has approved a $500 million loan to support the Philippines' public financial management (PFM) reform agenda.
Phl, New Zealand ink climate cooperation pact
New Zealand and the Philippines have made a Joint Declaration to develop a climate cooperation framework.
Kultura eyes fresh brands
Kultura, a brand that started as the Philippine crafts section at the SM Store in Makati in 2004, is eyeing fresh brands to add to its growing roster of partners as it embarks on its third decade of operations next year.
Gov't rejects ComClark's proposal to upgrade, operate air navigation
The government has rejected the P29.82-billion proposal of tech tycoon Dennis Anthony Uy to operate and maintain the country's air navigation facilities, according to the Public-Private Partnership (PPP) Center.
AboitizPower activates Negros Occ solar farm
Aboitiz Power Corp. has switched on a massive solar farm in Negros Occidental, the largest capacity in its solar generation portfolio to date.
BSP likely to hold policy rate?
The Bangko Sentral ng Pilipinas does not intend to increase its key policy rate, according to BSP Governor Eli Remolona, but the Monetary Board will still discuss what action it would take during its last policy rate meeting on the 19th of this month even as the BSP chief does not see any need to pump prime the economy for next year as some analysts are suggesting.
