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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.....»»
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......»»
Internet personality ‘Diwata’ nabbed, posts bail
The owner of the viral food stall Diwata pares overload and social media personality “Diwata” was arrested in Pasay on Tuesday in connection with the slight physical injury case filed against him in 2018......»»
Hear ye, I will ease your burden but when? (2nd of 2 parts)
The Ease of Paying Taxes Act touches on one “problematic” process that occurs after the filing of tax returns – the refund process which is generally viewed as time-consuming......»»
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......»»
‘Miss Saigon’ in one’s mind
Theater is a place where people converge to watch and witness either a (straight) play or a musical that touches the heart and tells universal emotions close to hearth and home......»»
Losses to Philippine agriculture due to El Nino reach 31 mln USD
MANILA, March 20 (Xinhua) -- The El Nino dry spell and ensuring drought have caused over 1.75 billion pesos (roughly 31 million U.S. dollars) in damage to Philippine agriculture, a senior government official said Wednesday. This year's losses due to El Nino are still low compared to 2009 when the damage to agriculture reached 17 billion pesos (302 million dollars), Presidential Communications Office Assistant Se.....»»
‘Legislated wage hike spells job losses’
A bill that seeks a P100 increase in the daily minimum wage for private workers nationwide could spell job losses especially in labor-intensive sectors, economists warned......»»
Shrinking news space: CNN Philippines shuts down due to financial losses
CNN PHILIPPINES officially announced on Jan. 29 that it was shutting down operations on all platforms following several years of financial losses. It made the announcement on its channel through a broadcast advisory, followed by an official statement on social media. Operated by Nine Media C.....»»
CNN Philippines announces closure due to financial losses
The news network announced its shutdown in a general assembly of its staff on Monday, citing “serious financial losses.".....»»
CNN Philippines shutting down as losses exceed P5B
MANILA —CNN Philippines is going off the air nearly nine years after debuting into the local broadcasting industry as its local franchise holder decided to pull the plug after accumulating financial losses exceeding P5 billion. The shutdown of the television network —which will affect about 300 employees — will be formally announced on Monday, an.....»»
Top 5 Spots in Lapu-Lapu to celebrate Valentine’s Day
For most people, Valentine’s Day is all about grand gestures of expressing love. On this special day, couples explore unique places to create a memorable Valentine’s Day experience with their loved ones. While the island of Mactan is known for its world-class beach destinations, the island offers other destinations perfect for couples. This Valentine’s Day,.....»»
500 MPUV drivers fear income loss after CBRT package 1 s completion
500 MPUV drivers fear income loss after CBRT package 1 s completion.....»»
500-kilo bangus harvested from aquaculture project
500-kilo bangus harvested from aquaculture project.....»»
1$:56.500
1$:56.500.....»»
Over 500 PUVs pass roadworthiness check, 39 fail
Over 500 PUVs pass roadworthiness check, 39 fail.....»»
500 Bilibid inmates moved to Davao prison
At least 500 prisoners from the New Bilibid Prison (NBP) in Muntinlupa have been transferred to the Davao Prison and Penal Farm......»»
Super Micro Enters S& P 500 After Stock Price Surge of Over 20-Fold in Two Years
Super Micro Computer Inc. has reached a major milestone as it joins the prestigious S&P 500 index after a remarkable surge in its stock price......»»
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......»»
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,.....»»