Local stocks returned to positive territory Friday after the government reported improved employment data. The benchmark Philippine Stock Exchange index climbed 39.87 points, or 0.64 percent, to close at 6,222.94, while the broader all-shares index rose 13.24 points to settle at 3,360.23. Philstocks Financial Inc. research engagement officer Claire Alviar said investors welcomed reports that […]
The post Philippine stocks rise on improved jobs data appeared first on Manila Standard.

State pension fund Government Service Insurance System increased its stake in infrastructure conglomerate Metro Pacific Investments Corp. to 11.98 percent GSIS said in a letter to MPIC it purchased 2.49 billion MPIC shares from the market from Aug. 23 to Sept. 4, 2023. The fund is now the beneficial owner of 3.43 billion MPIC shares, […]
The post GSIS hikes stake in Metro Pacific to nearly 12% appeared first on Manila Standard.