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Market slips ahead of US Fed meeting
Share prices pulled back yesterday as investors treaded with caution ahead of the policy meeting of the US Federal Reserve......»»
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......»»
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......»»
PSEi tumbles as Fed quashes rate cut hopes
Local stocks retreated yesterday as investors took cues from Wall Street’s overnight performance......»»
Fed Chief Powells Remarks on March Rate Cut Unlikely to Cause Stock Tumble: The Daily Guardians Guide to Navigating the Market
Title: Market Rebounds After Fed Chief’s Comments, Tech Stocks Experience Declines Subtitle: Investors Advised to Be Cautious Amidst Volatility Date: [Insert Date] Author: [Your Name].....»»
Philippines to take cue from Fed policy
Ahead of the policy meeting next week, the Bangko Sentral ng Pilipinas is likely to follow the steps of the US Federal Reserve as to when high borrowing costs can finally take a breather......»»
T-bill rates ease ahead of Fed meet
Rates for the government’s short-term securities eased for the second straight week ahead of the monetary policy decision of the US Federal Reserve......»»
Market climbs ahead of BSP meeting
The stock market climbed for the second straight day ahead of the outcome of the Bangko Sentral ng Pilipinas (BSP) policy meeting......»»
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......»»
Quick look at the week ahead
We don’t have any big scheduled news or events coming directly from the PSE or any of its companies this week, but we do have the US Federal Reserve (the “Fed”) decision on US interest rates that we will learn about on Thursday morning......»»
SUV plunges into Benguet ravine; 3 dead
Three people died and three others were injured when a sport utility vehicle fell into a 100-meter ravine along Marcos Highway in Sitio Begis, Barangay Taloy Sur in this town at dawn yesterday......»»
Market plunges deeper amid Middle East conflict
The stock market plunged deeper in the red yesterday on concerns over the escalating conflict in the Middle East......»»
Halted by the pandemic, Philippine women’s ice hockey team plunges back to action
The Philippine women’s ice hockey team will be returning to action for the first time in years, taking part in the 2024 IIHF Women’s Asia and Oceania Championship Division 1 in Kyrgyzstan beginning next week......»»
Urgent: Truck plunges into cliff in central Philippines, killing 14
MANILA, Feb. 21 (Xinhua) -- At least 14 people were killed and three others critically injured after a truck fell into a cliff in Negros Oriental province in central Philippines on Wednesday. Police said the truck was traveling along a highway when the driver lost control of the vehicle in Mabinay town, causing it to overturn and roll into a ravine at around 1:30 p.m. local time. The upside-down truck pin.....»»
Urgent: Truck plunges into cliff in central Philippines, killing 14
MANILA, Feb. 21 (Xinhua) -- At least 14 people were killed and three others critically injured after a truck fell into a cliff in Negros Oriental province in central Philippines on Wednesday. Police said the truck was traveling along a highway when the driver lost control of the vehicle in Mabinay town, causing it to overturn and roll into a ravine at around 1:30 p.m. local time. The upside-down truck pin.....»»
Groseclose sees action in Gangwon
Peter Groseclose plunges into action in the fourth Winter Youth Olympic Gameson Saturday morning at the 12,000-seat Gangneung Ice Arena......»»
Strong Group puts loaded lineup to test vs UAE
Strong Group Athletics plunges into a baptism of fire when it opens its campaign against host United Arab Emirates (UAE) national team in the 33rd Dubai International Basketball Championship Friday at the Al Nasr Club......»»
PSEi falls, mirrors US equities
Local stocks plunged to close the week in the red as they mirror negative sentiment in US equities......»»
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......»»