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S& P: Philippines may miss growth goal this year
S&P Global Ratings sees the Philippines again missing its growth targets this year as it kept its gross domestic product growth forecast at 5.9 percent. While the projection is better compared to other economies in the region, it is again below the government’s 6.5 to 7.5 percent growth target......»»
Rice imports as of mid-March 886,963 MT
The country’s rice imports as of mid-March have surpassed the total volume recorded in the entire first quarter of last year by a double-digit rate, to over 880,000 metric tons, government data showed......»»
Philippine bond market hits $217 billion in Q4
The Philippine bond market went up slightly in the fourth quarter of 2023 due to the increase in government bond issuances, according to a report from the Asian Development Bank......»»
Short selling eyed as market driver
The Securities and Exchange Commission, or SEC, seeks to create a regulatory environment that will pave the way for executing short selling to boost local trading activities. Short selling is a practice of betting on the decline of a stock’s price to make a profit. It allows an investor to sell a security that he does not own, consummated by the delivery of a borrowed security, with a commitment to return the borrowed security or its equivalent on a determined or determinable future date. In Asia, short selling is allowed in Singapore, Hong Kong, Malaysia, Thailand, and Indonesia, among others. Thus, the SEC is targeting the adoption or non-adoption of existing practices in other markets to advance short selling in the country. Likewise, the SEC is also considering requiring the submission of a regular report on all short selling and securities borrowing and lending activities and their compliance with current rules and policies, to better guide the Commission on policies on short selling moving forward. “We are pushing to align the short selling environment with the major Asian markets, which has the potential to promote liquidity, stabilize the market, protect investors, and further unlock the value of shares of Philippine corporations,” SEC chairperson Emilio Aquino said in a press statement on Monday. Innovator, regulator in one “We will balance our role as regulator and market innovator, imposing the necessary restrictions and safeguards while ensuring that they will not stifle investors and trading participants from fully taking advantage of this trading strategy,” he added. The SEC has paved the way for short selling in the country by issuing the relevant rules as early as 2018 when it approved the Philippine Stock Exchange Guidelines on Short Selling Transactions. It has since worked together with the PSE and market participants to ensure that they are ready for the implementation of the guidelines. The SEC has already approved guidelines that will facilitate the conduct of short selling in the local market. The post Short selling eyed as market driver appeared first on Daily Tribune......»»
NDFP consultants welcome return of peace talks to national level
Detained National Democratic Front of the Philippines peace consultants welcome reported dialogues to revive stalled formal peace negotiations with the Ferdinand Marcos Jr. Government of the Republic of the Philippines, expressing hope to join the talks if efforts succeed. The post NDFP consultants welcome return of peace talks to national level appeared first on Bulatlat......»»
Contagious pertussis disease continues spreading in Philippines
MANILA, March 28 (Xinhua) -- The contagious pertussis has continued spreading in the Philippines, where it has caused at least 40 death cases, after a province near the capital region reported an outbreak of the disease. In a social media post on Wednesday night, the Cavite government posted a resolution declaring the province under a state of calamity "due to the outbreak of pertussis" after logging 36 cases an.....»»
DMW sets April 15 deadline for kin of deceased Saudi OFW wage claimants
DMW sets April 15 deadline for kin of deceased Saudi OFW wage claimants.....»»
CV wage board sets public hearing for kasambahay pay
CV wage board sets public hearing for kasambahay pay.....»»
Cavite nagdeklara ng ‘state of calamity’ dahil sa ‘pertussis outbreak’
NASA ilalim na ng “state of calamity” ang probinsya ng Cavite. Ito ay dahil dumadami na ang mga nahahawa ng pertussis o whooping cough sa probinsya. Ayon sa provincial government, nakapagtala na sila ng 26 confirmed cases at kabaling na riyan ang anim na namatay dahil sa nasabing sakit. Narito ang datos ng Cavite kaugnay.....»»
Antipolo City throws support on Ajido
The Antipolo City government led by Mayor Casimiro “Jun” Ynares III will provide support to Antipolo-born swimmer Jamesray Mishael Ajido, who won the country’s lone gold medal in record-breaking fashion at the recent 11th Asian Age-Group Swimming Championships......»»
Milk tariff collections rise by 31% to P2.4 billion
Revenues raised by the government from various imported milk products jumped by 31 percent to P2.36 billion in 2023, the highest in at least eight years, from P1.8 billion in 2022......»»
Property prices slow in Q4
The growth in property prices has been sustained for 10 straight quarters, albeit at a slower pace in the fourth quarter last year, according to the Bangko Sentral ng Pilipinas......»»
Infrastructure projects get better loan terms from Japan
The Philippines has secured better financing terms for two big-ticket infrastructure projects funded by the Japanese government aimed at improving public transport and road connectivity......»»
Hoffman sets new Philippine hurdles record at Florida meet
Paris Olympics-hopeful Lauren Hoffman on Wednesday set a new national record in the women’s 400-meter hurdles with a gold medal performance in the Hurricane Collegiate Invitational in Coral Gables, Florida......»»
Fisherfolk group urges gov’t to regulate fish prices amid Lent
Fisherfolk group Pambansang Lakas ng Kilusang Mamamalakaya ng Pilipinas on Wednesday urged the government to address the surge in retail prices of fish during the Holy Week......»»
How BYD Transformed from Battery Maker to Electric Vehicle Leader, Surpassing Tesla
Chinese automaker BYD, backed by Warren Buffett, has overtaken Tesla to become the world’s top electric vehicle (EV) maker in the fourth quarter of 2023,.....»»
No objections for e-motorcycle tax breaks in EO12 review
Views and position papers elicited from government agencies and EV industry stakeholders for the revision of an executive order have offered no objection to the inclusion of e-motorcycles in the tax incentives......»»
NTC to telcos: Block Binance
The government has ordered internet service providers to prevent Filipinos from accessing cryptocurrency giant Binance......»»
Globe gets P5 billion from sale of towers
Telco-to-tech provider Globe Telecom Inc. raised almost P5 billion from the sale of towers in the first quarter, providing it with some of the capital needed to upgrade services and pay debts......»»
Mr. Nice Guy
There is a reason why the public and most people like Ralph Recto as a person, as the partner of Ate Vi, as a politician and as a government official......»»