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First Metro thinks PSEi could hit 7,500 this year
First Metro Investment Corp head of research, Cristina Ulang, said that the PSEi could rise to as high as 7,500 this year......»»
Historically low valuation
The Philippine stock market bloodbath over the past two years saw the PSEi plummet from 7,122.6 on the last trading day of 2021 to 6,566.4 on the last trading day of 2022 for a 7.8 percent annual retreat and slide even further in 2023 to close at 6,450.0 on the last trading day of the year. In terms of valuation, the PSEi’s 2023 year-end 12.9x price-to-earnings (P/E) ratio does not fare well when compared against its past performance in prior years......»»
Market sustains uptick on bargain hunting
The stock market sustained its uptick for a second straight session yesterday on another round of bargain hunting among investors......»»
‘Inflation uptick far from over’
The uptick in inflation is far from over as more expensive commodity prices could last until the second quarter, with the government ramping up efforts to ensure food security amid threats of El Niño......»»
Retail Sales in US Fall Short of Expectations Following Previous Month’s Decline
US retail sales saw a slight increase of 0.6% in February, falling short of predictions and sparking worries about consumer spending strength. This uptick follows.....»»
‘No surge in pertussis hospital admissions’
There was only a slight uptick in hospital admissions due to pertussis despite the reported increase in cases in the country, the Private Hospitals Association of the Philippines Inc. reported yesterday......»»
Diwata arestado sa kasong slight physical injuries, nagpiyansa ng P3K
ARESTADO ang social media personality na si Diwata dahil sa kasong “slight physical injuries” na isinampa laban sa kanya noon pang 2018. Hinuli ng mga operatiba ng Pasay City police Warrant and Subpoena (WSS) si Diwata o Deo Balbuena sa tunay na buhay, sa Pasay City, nitong Martes ng umaga, April 16. Base sa report,.....»»
Consumers express mixed reactions on slight power rate increase
Consumers of Davao Light and Power Co., Inc. have expressed mixed reactions to a slight increase in the overall power rate starting January 2024. The increase is attributed to higher market prices affecting the generation rate. Noriza Mabanding, a virtual assistant, noted the impact on her energy usage and the need to schedule appliance usage to save energy. Jenalyn Manguiob, a small business owner, expressed dissatisfaction with the increase's effect on her business but acknowledged the global market's influence and the importance of conserving energy. The increase amounts to P0.0774 per kWh, resulting in a minor increase in electricity bills for residential customers......»»
PSEi to stay at 6,700 ahead of inflation data
The stock market will try to hold on to the 6,700 level this week as investors will be on the lookout for inflation data and corporate earnings results......»»
The Daily Guardian: S& P 500 slips to start the week as Wall Street takes a breather from record highs
The stock market saw a slight dip on Monday as major indexes retreated from record highs reached last week. The S&P 500 closed at 5,069.53,.....»»
PSEi falls, mirrors US equities
Local stocks plunged to close the week in the red as they mirror negative sentiment in US equities......»»
Meralco power rates slightly up anew in March
This would be the electricity concessionaire’s third consecutive power rate uptick this year. .....»»
Stocks snap losing streak
Investors yesterday ended the week pushing the market back in the win column, as they finished pricing in the impact of the inflation uptick in February and a number of corporate results......»»
Fuel prices in Cebu City gas stations as of Feb. 13
CEBU CITY, Philippines — Motorists this week can expect a slight relief after fuel prices decreased with the implementation of a rollback on February 13, Tuesday. Local oil firms announced in separate advisories that the price of gasoline will decline by P0.60 per liter, diesel by P0.10 per liter, and kerosene by P0.40 per liter......»»
PSEi forecast to touch 7,000
The Philippine Stock Exchange index is set for recovery as it is expected to hit 7,000 to 7,500 by the fourth quarter of this year, according to First Metro Investment Corp......»»
Heart Evangelista may nakakaintrigang cryptic post, may pinapatamaan ba?
ININTRIGA ng maraming netizens ang recent social media post ng fashion icon na si Heart Evangelista. Ang tanong nila, sino kaya ang pinapatamaan niya rito? Sa Instagram kasi, may cryptic post si Heart na tungkol sa “enemy” o kaaway. Ibinandera niya ang book cover na may pamagat na “Don’t Give the Enemy a Seat at.....»»
PSEi tumbles as Fed quashes rate cut hopes
Local stocks retreated yesterday as investors took cues from Wall Street’s overnight performance......»»
PSEi back to 6,600 level on Wall Street gains
The Philippine stock market sustained its strength yesterday, returning to the 6,600 mark......»»
Economic worries weigh down PSEi
Share prices continued to correct, finishing in negative territory anew yesterday on concerns over economic growth prospects here and in China......»»
EDITORIAL — 115th in transparency
With the recent controversy involving secret funds for both national and local government agencies, people may question the improvement, slight as it is at just one notch, in the Philippines’ ranking in the 2023 Corruption Perceptions Index......»»