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PSEi surges with strong foreign buying ahead of Lunar New Year break
MANILA, Philippines —The Philippine Stock Exchange Index (PSEi) rose on Thursday due to strong foreign buying ahead of the long weekend. By the end of trading, the PSEi went up by 0.29 percent (20.12 points) to reach 6,850.16, while the broader All Shares index rose by 0.21 percent (7.45 points) to 3,574.21. There will be.....»»
What I Can See and Feel
I can see the sky getting darker I can hear the gods playing with thunder I can see the wind blowing stronger I can hear the cats meowling, dogs barking harder. I can feel you when you smile and when you cry, inside As you go through life's long and bumpy ride I can see you even when you hide As you lick your wounds, I am by your side. I can see.....»»
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......»»
Positive movement in S& P 500 futures following Meta and Amazon results preceding upcoming jobs report
Title: Tech Giants Fuel Market Optimism Amidst Fears of Rate Cuts in March Date: [Insert Date] Word Count: [300-400 words] The Daily Guardian – Amidst.....»»
The Daily Guardian: William Byron clinches Daytona 500 win
The highly anticipated Daytona 500 and United Rentals 300 races were postponed due to inclement weather over the weekend. However, fans can expect plenty of.....»»
Delivery drivers urge Mayor Baste for business permit exemption
Title: Delivery Drivers Seek Exemption from Business Permit Requirement A group of delivery drivers in Davao is urging Mayor Sebastian Duterte to exempt them from the mandatory business permits. The drivers, including those from various delivery apps such as Grab and FoodPanda, are concerned about the financial burden imposed by the business permits, which range from P2,000 to P6,000. They argue that this requirement is unique to Davao City among all cities and provinces in the Philippines. Grab rider Rolando Atico emphasized the need for solidarity among all delivery drivers, regardless of the app they work for. He urged fellow drivers to support each other, as the financial impact may extend beyond just Grab and FoodPanda. Atico also requested Mayor Duterte to reconsider the requirement and reinstate the previous occupational permit, which only cost P125. The group is facing a 30-day deadline to obtain the business permits, and they are citing financial constraints as a reason for their request for an extension. Failure to comply could result in their removal from the delivery platforms, jeopardizing their livelihoods. Additionally, they are advocating for changes to Davao City's Revenue Code, proposing a model similar to Cebu City, where only an occupational permit is required. The drivers are also calling for an inquiry into the lack of transparency and unilateral actions of food delivery companies, particularly concerning rider capitalization and financial concerns. They believe that a thorough investigation will help ensure fairness and equity in their financial obligations and working relationship with the delivery companies. Maribel Paguican, the Business Bureau officer-in-charge, stated that non-certified delivery riders categorized as service contractors must obtain a business permit. She mentioned two permits for occupational and business activities, with a discounted structure for delivery riders. However, concerns have been raised about increased taxes, potentially ranging from P3,000 to P6,000, along with an additional tax on top of the declared income of P1,400. The delivery drivers' plea for exemption from the business permit requirement reflects their concerns about the financial impact and the potential threat to their livelihoods. Their call for solidarity and support from fellow drivers highlights the urgency of the situation. This story sheds light on the challenges faced by delivery drivers in Davao and the implications of the business permit requirement on their financial well-being. It also underscores their efforts to seek fairness and equity in their working relationship with the authorities and delivery companies......»»
ADB OKs $400,000 assistance to Philippines for offshore wind projects
The Asian Development Bank is extending $400,000 to the Philippines to support the development of offshore wind ports in the country......»»
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......»»
IFC investing $500 million to address Philippines development challenges
The private sector arm of the World Bank Group is aiming to invest up to $500 million in the current fiscal year in the Philippines to support efforts to address climate change, financial inclusion and infrastructure development......»»
BAI holds 400 gamefowls at NAIA
The Bureau of Animal Industry prevented the release of at least 400 fighting roosters from the United States at the Ninoy Aquino international Airport as the consignee and breeders accused the BAI of harassment......»»
865 soldiers, 400 cadets help secure Sinulog
Up to 865 soldiers and 400 cadets of the Reserve Officers Training Corps will be deployed in Cebu City to help secure the month-long Sinulog Festival, the Armed Forces of the Philippines said yesterday......»»
DSWD trains 400 cash-for-work beneficiaries in San Carlos
DSWD trains 400 cash-for-work beneficiaries in San Carlos.....»»
Fire destroys Isabela’s 400-year-old church
The St. Ferdinand parish church in this city, a 400-year-old cathedral, was destroyed in a fire on Monday......»»
Only 400 Chinese students in Cagayan – BI
There are only 400 Chinese students in Cagayan province, contrary to reports that 4,600 had enrolled in a local private school, possibly to serve as spies for the Chinese military......»»
BPI raises $400 million from offshore debt market
Bank of the Philippine Islands has raised $400 million after successfully tapping into the offshore debt market for the first time since 2019......»»
KKR investing $400 million for telco towers in Philippines
US-based global investment firm KKR is investing $400 million for the development of telco towers in the Philippines, according to the US Department of Commerce......»»
Meralco secures 400-MW supply requirement from SMC’s Limay Power
Manila Electric Co. yesterday secured 400 megawatts (MW) for its interim supply requirements following a competitive selection process......»»
Department of Agriculture chief defends holding 400 gamefowls at NAIA
Department of Agriculture Secretary Francisco Tiu Laurel Jr. came to the rescue of the newly appointed officer-in-charge (OIC) of the Bureau of Animal Industry after an importer of 400 gamefowls cried harassment over the decision to prevent the release of the fight roosters......»»
2 of 400 gamefowls held at NAIA die
Two of the 400 imported gamefowls being held by the Bureau of Animal Industry at the Ninoy Aquino International Airport have died, according to its consignee......»»
Over 400 registered on 1st day of voter registration
Over 400 registered on 1st day of voter registration.....»»