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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......»»
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,.....»»
Philippines jobless rate increases to 4.5 pct in January
MANILA, March 8 (Xinhua) -- The Philippines' unemployment rate increased to 4.5 percent in January from 3.1 percent in December last year, the Philippine Statistics Authority (PSA) said on Friday. PSA head Dennis Mapa told a press conference that there were 2.15 million jobless Filipinos in January. "This was lower than the reported number of unemployed persons in January 2023 of 2.38 million," Mapa said......»»
Philippines jobless rate increases to 4.5 pct in January
MANILA, March 8 (Xinhua) -- The Philippines' unemployment rate increased to 4.5 percent in January from 3.1 percent in December last year, the Philippine Statistics Authority (PSA) said on Friday. PSA head Dennis Mapa told a press conference that there were 2.15 million jobless Filipinos in January. "This was lower than the reported number of unemployed persons in January 2023 of 2.38 million," Mapa said......»»
MinDA, airline firm plan two-day visit to Manado
DAVAO CITY (MindaNews / 17 January)—The Mindanao Development Authority (MinDA) and executives of an airline company are planning to conduct a two-day technical visit to Manado, Indonesia in the last week of January to discuss with their counterparts the possible resumption of Davao-Manado-Davao flights. Dr. Adrian Tamayo, public relations division chief of MinDA, told MindaNews […].....»»
Trillanes rumesbak sa Duterte camp: ‘Sila ang kumita sa China’
Matapos akusahang ibinenta ang Scarborough Shoal sa China, rumesbak si dating Senador Antonio Trillanes IV at sinabing ang kampo ni dating Pangulong Rodrigo Duterte ang kumita dahil sa deal sa Beijing. The post Trillanes rumesbak sa Duterte camp: ‘Sila ang kumita sa China’ first appeared on Abante......»»
Binoldyak ng 2 ex-SC justice: Duterte sumuko sa China
Ayon kay dating Associate Justice Antonio Carpio, isinuko ni Duterte ang mga karapatan ng bansa sa Ayungin Shoal dahil sa kasunduan nito sa China. The post Binoldyak ng 2 ex-SC justice: Duterte sumuko sa China first appeared on Abante......»»
Ex-President Duterte is lone 2024 Datu Bago awardee
DAVAO CITY (MindaNews / March 5)—Former President Rodrigo Duterte, who also served as mayor for over two decades, will be the lone 2024 Datu Bago awardee. Davao City Councilor Pilar Braga, who also chairs the Datu Bago Awards Organization (DBAO), said it is high time for Duterte to receive the award as the “most deserving […].....»»
Duterte’s P.S. to Cebu supporters: support Sara’s bid for the Presidency
DAVAO CITY (MindaNews / 26 February) – After bidding the crowd goodbye during the “candlelight prayer rally”of Hakbang ng Maisug in Cebu City on Sunday evening, former President Rodrigo Duterte made a pitch for his daughter Sara, currently the Vice President, urging them to support her bid for the Presidency in 2028. Duterte did not […].....»»
That extra step: How TV Patrol verified Rep. Paolo Duterte s questionable PHP51-billion infrastructure budget
CHEERS TO ABS-CBN's TV Patrol for its report that confirmed that Davao City 1st District Representative Paolo Duterte received a total of PHP51 billion for infrastructure projects from 2020 to 2022, when his father, former president Rodrigo Duterte, was still in o.....»»
Rama ‘worried’ about Duterte-Marcos dispute
CEBU CITY, Philippines – Cebu City Mayor Michael Rama expressed concern about the ongoing political dispute in the country between former President Rodrigo Duterte and the incumbent President Ferdinand Marcos Jr. The issue has become a matter of concern for Rama, given his personal relationship with both Duterte and Marcos, whom he considers “friends.” He.....»»
Cong. Pulong Duterte got P51-B budget in three years
It was his own statement about having his district budget reduced this year that got House members to probe and discover that Davao City First District Representative Paolo ‘Pulong’ Duterte, son of former President Rodrigo Duterte, had received P51 billion in the past years......»»
FACT CHECK | VP Sara Duterte did not return her 2022 confidential fund
Vice President Sara Duterte has not returned her confidential fund to government treasury, contrary to a video posted on YouTube. Reports that Duterte spent in just 11 days in December 2022 a confidential fund amounting to P125 million from the contingency fund of the Office of the President drew widespread criticisms and demands for an […].....»»
FACT CHECK | VP Sara Duterte did not return her 2022 confidential fund
Vice President Sara Duterte has not returned any confidential funds to the government treasury, contrary to a video posted on YouTube. Reports that Duterte spent in just 11 days in December 2022 a confidential fund amounting to P125 million from the contingency fund of the Office of the President drew widespread criticisms and demands for […].....»»
QC prosecutor’s office junks ‘grave threats’ rap vs Duterte
The Quezon City Prosecutor’s Office has dismissed the grave threats case filed by ACT Teachers Rep. France Castro against former President Rodrigo Duterte, saying there was insufficient evidence to prove his intent to harm her. Castro accused Duterte of threatening to kill her based on statements he made during two episodes of his show “Gikan sa Masa,.....»»
Duterte has stopped taking fentanyl before becoming President — Panelo
MANILA, Philippines — Former President Rodrigo Duterte stopped taking Fentanyl even before his election as the chief executive of the country in 2016, according to his then chief legal counsel, Salvador Panelo. President Ferdinand R. Marcos Jr. on Monday alleged that the former president is taking fentanyl. In a text message to INQUIRER.net, Panelo reiterated.....»»
Palace declares special holidays
Malacañang has declared May 21 a special non-working day in Malabon City for the commemoration of its 425th founding anniversary......»»
Philippines external trade drops 2.1 pct in January
MANILA, March 12 (Xinhua) -- The Philippines' total external trade in goods declined 2.1 percent year-on-year in January to 16.09 billion U.S. dollars, the Philippine Statistics Authority (PSA) said on Tuesday. Of the total external trade in January, 63.1 percent were imported goods, while the rest were exported goods, the agency said. The PSA said trade deficit in January amounted to 4.22 billion dollars.....»»
Philippines inflation rate slows to 2.8 pct in January
MANILA, Feb. 6 (Xinhua) -- Year-on-year inflation in the Philippines further eased to 2.8 percent in January from 3.9 percent in December 2023, the Philippine Statistics Authority (PSA) said on Tuesday. PSA head Dennis Mapa told a press conference that the January inflation rate is the lowest since the 2.3 percent inflation rate was recorded in October 2020. In January 2023, inflation rate was 8.7 percent.....»»
Filipino Tekken standout falls in World Tour Finals
Filipino Tekken star Alexandre "AK" Laverez stumbled in his last hurdle to the Tekken World Tour Finals 2023, falling to the United States' Joe "JoeCrush" Olveda, 1-3, at The Civic Theatre in New Orleans last January 12 (January 13 in Manila) during the tour's Last Chance Qualifiers......»»