Philippine Stock Exchange

Philippine stocks: Gainers, losers, market-moving news – August 2021

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Philippine stocks: Gainers, losers, market-moving news – August 2021

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Buy, sell, or hold? Who are the top gainers? How about the biggest losers? Are the bulls winning over the bears? Which company is going public next?

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LATEST UPDATES

Peso-dollar exchange rate – August 26, 2021

Most active stocks and PSEi closing – August 26, 2021

Philippines gets $2.8 billion from IMF, boosting COVID-19 war chest

Ralf Rivas

The International Monetary Fund (IMF) gave the Philippines $2.8 billion (P139.4 billion) worth of special drawing rights (SDRs), boosting the country’s foreign exchange buffer and adding a funding source for COVID-19 expenses.

The allocation is part of the IMF’s $650 billion in SDRs, the largest distribution made in the multilateral lender’s history.

Here is the full story.

Peso-dollar exchange rate – August 25, 2021

Most active stocks and PSEi closing – August 25, 2021

Peso-dollar exchange rate – August 24, 2021

Most active stocks and PSEi closing – August 24, 2021

PAL loses P16.6 billion, patches up bleeding by reducing workers and planes

Ralf Rivas

PAL Holdings, the operator of flag carrier Philippine Airlines (PAL), suffered a P16.6-billion net loss in the first half of 2021, it told regulators on Monday, August 23.

PAL’s losses are narrower than the P20.7 billion incurred a year ago, as the airline resorted to more cost-cutting measures amid the coronavirus pandemic.

Read more.

Peso-dollar exchange rate – August 23, 2021

Most active stocks and PSEi closing – August 23, 2021