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Social Media Firms Shares Soar in Stock Market Debut
India’s GDP Growth Rate Drops to 4.7% in Latest Quarter According to provisional data released by the Central Statistical Office, India’s GDP growth rate has.....»»
Trending tickers: Trump Media, Tesla, Bitcoin and DS Smith
Former US president Donald Trump’s media firm, Trump Media & Technology Group, had a successful stock market debut in New York, with shares soaring past.....»»
Bargain hunting ends 2-day slump
The stock market broke out of its two-day slump yesterday as bargain hunters buoyed share prices......»»
Investors take profits ahead of Holy Week break
The stock market fell below the 6,900 level once more to end the week in the red as investors cashed in on their profits......»»
Why Trump May Benefit from Truth Social Stock Market Merger
A recent study has shed light on the negative effects of excessive screen time on children’s development. Researchers have found that children who spend extended.....»»
Shares gain anew on rate cut hopes
The stock market advanced for a second consecutive session yesterday, buoyed by indications that the vs Federal Reserve will make interest rate cuts later this year......»»
Marcos bets on early harvest
President Ferdinand “Bongbong” Marcos Jr. is betting on the harvest season to come earlier than projected to end the persisting price shock that required a government response of putting a cap on retail prices. The price ceiling was accompanied by an order increasing the farm gate prices to relieve farmers of the low offers from traders. Marcos expressed optimism that the early harvest of palay (unhusked rice) would help lower market grain prices. In a chance media interview Saturday, Marcos expressed hope that Filipinos will once again reap the effects of “more improved production” in the agriculture sector. He also reiterated his decision to order the temporary imposition of ceilings on rice was in response to the sudden spike in retail prices of the staple grain. “We’re already harvesting. When that comes in, I think we will see the prices go down. It would be determined by market forces,” Marcos said on the sidelines of rice distribution to about 2,000 qualified beneficiaries in Iriga City, Camarines Sur. In August, the Department of Agriculture, or DA, reported an estimated 900,000 metric tons of the palay output. Marcos said the palay harvest, which is expected to peak in late September to October, will contribute mainly to the country’s production from July to December. By this time, the DA estimated that the palay harvest would peak at 11.5 million metric tons. Data from the Philippine Statistics Authority showed that the national palay output from January to June 2023 rose to 9.02 million MT, 3.4 percent more than the 8.7 million MT production for the same period in 2022 and 2021. Marcos added that the government is currently dealing with hoarding of rice supply to manipulate the price of the staple grain. Supply’s not the problem As hoarders are suspected of delaying the release of rice, Marcos said, “There’s no need not worry about the supply.” He said the country has sufficient stock of the staple. “We are here to help those in need because we know that the price of rice has increased,” he added. Marcos said rice prices were so high, prompting the government to impose a price cap. Under Executive Order 39, which took effect on 5 September, Marcos ordered the implementation of a price ceiling of P41 per kilogram for regular milled rice and P45 per kg for well-milled rice. Marcos stressed that one of the government’s thrusts is to address the gaps and challenges in the agricultural sector, particularly “rice distribution that affects supply and prices.” “We have a lot of rice, but it is not being correctly distributed. That’s why we have no problem with the rice supply here in the Philippines,” he said. Marcos said DA is exhausting efforts to boost the supply and reduce the cost of rice. In the meantime, he said the government must implement measures such as imposing a price cap, providing cash aid to rice retailers, and setting new palay buying price range for the National Food Authority to help farmers and secure inventory. Farmers happy with hike The DA said farmers from different regions were happy with the increase in the buying price of the National Food Authority at the farmgate of P16 to P19 per kilogram for fresh palay and P19 to P23 for dry palay. The new buying prices of NFA were ordered by President Ferdinand Marcos, who is concurrent Agriculture Secretary, on Monday last week to ensure that farmers, who are currently harvesting their wet season crop, would not suffer from abruptly declining prices for their fresh harvest beginning this month. DA Undersecretary Leo Sebastian said the farmers told them that traders usually use the NFA as their benchmark in setting their buying prices from farmers for the fresh palay. With the mandated price hike for NFA, such drastic price declines would not materialize. Jing Villamente The post Marcos bets on early harvest appeared first on Daily Tribune......»»
Biden widens web of US alliances faced with China, Russia, Trump
With a historic three-way summit with Japan and South Korea, President Joe Biden has further deepened the web of US partnerships in a determined signal to adversaries despite question marks on the political climate at home. Since Biden took office in 2021, NATO has expanded and mostly closed ranks over Russia's invasion of Ukraine -- and, in clear if unstated responses to an assertive China, the United States forged a new three-way defense pact with Australia and Britain and ramped up work through the four-way Quad involving Australia, India and Japan. The United States already has security alliances with Japan and South Korea, together the bases for some 84,500 troops, but will now also plan three-way, multi-year military exercises across all domains along with real-time information-sharing and a crisis hotline. Jon Alterman, a senior vice president at the Center for Strategic and International Studies, said that alliances were "baked" into the mindset of Biden, who was a senator at the end of the Cold War. Partnerships can increase other countries' faith in the direction of the United States, Alterman added. "This administration believes deeply in the centrality -- not the importance, the centrality -- of partnerships," he said. "The challenge is, all of our partners remember the previous administration, they look at the polling numbers, and they have absolutely no confidence in where the US is going to be in two years' time, five years' time or 10 years' time," he said. Previous president Donald Trump loudly questioned the value of alliances, insisting that countries such as Germany and South Korea were not paying enough for the US troop presence and scoffing at NATO's commitments of mutual defense to all allies. Trump is again seeking the White House and recent opinion polls have also shown softening support for US military assistance to Ukraine, which has totaled $43 billion since Russia's attack. Asked about Trump at a news conference with South Korean President Yoon Suk Yeol and Japanese Prime Minister Fumio Kishida at the Camp David presidential retreat, Biden said that his predecessor's "America First policy, walking away from the rest of the world, has made us weaker, not stronger." "America is strong with our allies and our alliances, and that's why we will endure," Biden said. Tougher task in Asia Whereas in Europe the United States has led a common defense for decades under NATO, in Asia -- seen by Biden as the critical region -- Washington has navigated individual alliances with Japan, South Korea, the Philippines, Australia and Thailand. One reason for the hodgepodge has been historical animosity between Japan and South Korea, with the Camp David summit until recently unthinkable. Yoon has turned the page by resolving a dispute over Japan's wartime forced labor of Koreans. Yoon, Kishida and Biden said they shared the same vision of a "rules-based international order" -- a nod to China's muscle-flexing in Asia but also to Ukraine, of which Japan and South Korea have been prominent non-Western supporters. China denounced the Camp David initiative, with state media saying the United States was raising tensions by creating a "mini-NATO," although there was no three-way mutual defense promise. Shihoko Goto, acting director of the Asia program at the Wilson Center, doubted that the three countries were even aspiring to collective self-defense but said their new cooperation was part of an "interweaving" with existing alliance arrangements. "As a single thread it may be weak, but because it is going to be part of that fabric and making it into a multi-layered approach, it would actually be really strong," she said. Risks await Biden has also moved bilaterally with countries concerned about Russia and China. He has said he plans to travel shortly to boost ties with Vietnam, whose tensions with Beijing run deep. But one of his big bets, India, has stood firm on its historic refusal to join alliances and is also taking part this week in a summit with Russia and China of the BRICS bloc of emerging economies. Trump is not the only wild card for the future. In South Korea, Yoon is only allowed a single term, which ends in 2027. "If an ultra-leftist South Korean president and an ultra-right wing Japanese leader are elected in their next cycles, or even if Trump or someone like him wins in the US, then any one of them could derail all the meaningful, hard work the three countries are putting in right now," said Duyeon Kim, an adjunct senior fellow at the Center for a New American Security. The post Biden widens web of US alliances faced with China, Russia, Trump appeared first on Daily Tribune......»»
Biden bets on ‘Bidenomics’ for 2024 victory
President Joe Biden is gambling his 2024 re-election on a continued strong US economy and manufacturing resurgence with a speech Wednesday launching his newly branded "Bidenomics." The Democrat's speech, heavily promoted in advance by the White House, will see him take credit for a powerful US recovery from the COVID pandemic shutdown and subsequent supply chain nightmares. "You'll hear the president today talk about the fact that the United States right now..., we are leading the world in terms of the fastest, strongest economic recovery since the beginning of the pandemic among G7 countries," Principal Deputy Press Secretary Olivia Dalton told reporters. It's a bold, potentially risky move for Biden to put the economy at the center of his re-election platform, brushing aside months of warnings that the world's biggest economy might still hit a post-pandemic recession. Putting his name on it is even bolder, with "Bidenomics" deliberately echoing and refuting Republicans' long-cherished "Reaganomics," in reference to the 1980s boom under Ronald Reagan. Biden was bullish Wednesday on departure for Chicago, telling reporters at the White House that he's "been hearing every month there's going to be a recession next month." Now the consensus, he said, is that "we're not going to have a recession." 'Bidenomics' or 'Reaganomics'? So far, the sales pitch is having trouble getting through -- in large part due to the lingering inflationary pressures on a country that had grown used to low price increases. A May poll by ABC News/Washington Post even found Biden's scandal-plagued Republican predecessor -- and likely 2024 rematch rival -- Donald Trump leading by 18 percentage points on the question of who handled the economy better. But the White House says inflation is on a slow but steady decline and that "Bidenomics" is changing the playing field in a way that will benefit the middle classes. Huge spending bills passed by Congress during Biden's first two years in power are pouring money into green energy technology, semiconductors, and not less than $550 billion for revamping the country's roads, bridges, and other infrastructure. Lael Brainard, director of the National Economic Council, told reporters Tuesday that the Reagan-era trickle-down theory led to the hollowing out of US industrial cities with offshoring and abandonment of ambitious infrastructure upgrades. By contrast, Biden is using government funding as a catalyst for a "boom in private sector spending in manufacturing construction." She touted funding for the expansion of broadband internet to every corner of the United States as an echo of Franklin Roosevelt's epic electrification program to modernize the nation in the 1930s. As for getting voters to buy into the "Bidenomics" pitch, that will come as Americans start seeing the funds begin to kick in, Dalton said. "We're seeing shovels in grounds, we're seeing private investment come back to our country, we're seeing millions of jobs created. So now is the time, with all of those accomplishments, (when) the president can take this message to the American people and say this is what Bidenomics is," Dalton said. "We're just starting to feel the impact." The post Biden bets on ‘Bidenomics’ for 2024 victory appeared first on Daily Tribune......»»
Colliers Philippines: 2022 economic growth to boost property sector s fortunes
Colliers Philippines is increasingly bullish that the Philippine economy’s surprise expansion in 2022 will boost the appetite for office space and residential properties......»»
POC chief seeks additional fund for Olympic bets
Given all the boost needed, the Philippines could end its search for a first-ever Olympic gold medal in Tokyo next year......»»
Numerous Individuals and Businesses Profit from Trump Media Stock
Former President Donald J. Trump’s social media company, Truth Social, had a successful first official trading session on the Nasdaq, with shares surging and approaching.....»»
PLDT, Smart named among world’s leading employers
PLDT Inc. and its wireless unit Smart Communications Inc. have been named among the Top One Percent of Leading Employers of 2023 by German firm Institute of Research and Data Aggregation......»»
Bullish amid wars
Two hot wars and a trade war are ongoing......»»
Ministry helping improve BARMM’s business climate names 10 new officials
The Bangsamoro chief minister has filled out ten regional positions in one of the ministries under him to boost its operation as requested by business blocs enticing foreign investors to venture into viable businesses in the region......»»
Infants under six months most affected by pertussis — DOH
Latest data from the DOH showed there were 28 new pertussis infections, bringing this year’s total cases to 568. Of the figure, around 63% were infants below six months. .....»»
2 farm-to-market roads completed in Zamboanga del Norte
2 farm-to-market roads completed in Zamboanga del Norte.....»»
PLDT puts up new unit for data centers
Telco leader PLDT Inc. has formed a new unit under its technology arm, delegating it with the task of building and operating data centers......»»
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......»»
A boost for Paris
A boost for Paris.....»»