Despite strong start, PSEi closes flat as sellers overpower buyers

Despite strong start, PSEi closes flat as sellers overpower buyers

The local stock barometer en­ded flat on Wednesday while newly listed retailer, MerryMart Consumer Corp., soared to new heights for the third straight session. The main-share Philippine Stock Exchange index (PSEi) added a marginal 0.26 points or 0.004 percent to close at 6,282.01. Outside the PSEi, stock debutant MerryMart added P1.12 or 49.78 percent to […]
Flat growth or 0.8% GDP contraction seen in 2020

Flat growth or 0.8% GDP contraction seen in 2020

The Duterte administration’s chief economic manager on Wednesday said the extension of the enhanced community quarantine in Luzon would result in “zero to possibly negative 0.8-percent” growth in 2020.“Definitely businesses are impacted, especially businesses in the...