Philippine Shares Ride Buoyant US Markets

Philippine shares ride buoyant US markets

MANILA, Philippines — The Philippine Stock Exchange Index (PSEi) rallied back to the 6,400 mark on Wednesday, riding buoyant US markets while shrugging off jitters over President Marcos’ latest tariff deal with US President Donald Trump. PSEi, the main-share index and local stock barometer, racked up 106.56 points or 1.68 percent to close at 6,462.25.

US announces $60-million aid for Philippine economy, maritime security

US Secretary of State Marco Rubio announced $60 million in fresh funding to bolster the Philippines' economy and maritime security, as Manila and Washington agreed to expand cooperation and further strengthen their more than seven-decade-old treaty alliance.