PHL stocks may climb with BSP likely to cut rates

PHILIPPINE SHARES may rise this week as the Bangko Sentral ng Pilipinas (BSP) is expected to cut benchmark interest rates for a fourth straight meeting. On Friday, the benchmark Philippine Stock Exchange index (PSEi) fell by 1.39% or 86.98 points to close at 6,154.99, while the broader all shares index dropped by 0.63% or 23.41