Market in the red for second day
The stock market yesterday extended its losing streak for a second straight day as investors wait for direction on how domestic and global inflation will tread for the rest of the year......»»
[WATCH] Dragons and delicacies at Cebu’s Red Lantern Festival
For the Lunar New Year, members of the Filipino-Chinese community in Cebu City join the Dragon Dance Parade for the second edition of the Red Lantern Festival.....»»
Market ends 2-day slump, bounces above 6,800
The stock market ended a brief two-day bleeding as it made its way back to the 6,800 territory......»»
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......»»
Shares down amid dimming US rate cut hopes
The stock market fell in the red for a second straight session following negative cues from the US markets overnight......»»
Red-tagging hobbles free expression and opinion
Freedom of expression and opinion in the Philippines is seriously hampered by the practice of red-tagging, according to Irene Khan, United Nations Special Rapporteur, who wound up a 10-day official visit to the Philippines yesterday......»»
NSC s Malaya told: Red-tagging can be prosecuted
The statement released by the NUJP on Thursday came a day after the National Task Force to End Local Communist Armed Conflict quoting Malaya mentioned that criminalizing red-tagging is “impossible......»»
Cryptocurrency Market Turns Red as Bitcoin, Ethereum, Solana Prices Dip Before Halving
The cryptocurrency market kicked off Friday on a bearish note, as major digital assets Bitcoin, Ethereum, and Solana experienced significant declines in morning trading. Bitcoin,.....»»
NGCP issues yellow, red alerts for Luzon grid; Visayas grid on yellow alert
For the fourth consecutive day, the Luzon and Visayas power grids are set to encounter red and yellow alerts on Friday, according to the National Grid Corp. of the Philippines......»»
Steniel falls 30% in second day of trading
Steniel Manufacturing dropped 30% in its second day of trading......»»
IM Yap grabs lead Cebu Chess Masters Invitational
CEBU CITY, Philippines — International Master (IM) Kim Steven Yap led the second day of the ongoing Cebu Chess Masters Invitational held at the Robinsons Galleria Cebu this weekend. IM Yap, the second seed of the tournament, racked up three straight wins to bounce back from his slow day one outing. He defeated third seed.....»»
Power reserve market starts full commercial operations
The Independent Electricity Market Operator of the Philippines commenced yesterday the full commercial operations of the reserve market, a development seen as a significant step forward for the energy sector......»»
Over 40 defective weighing scales seized in Carbon Market
CEBU CITY, Philippines — The Office of the City Markets (OCM) of the Cebu City Government has confiscated over 40 defective weighing scales in Carbon Public Market as of March 21. Led by Market Administrator Robert Barquilla, the operation, dubbed “Operation Timbangan,” aims to ensure accurate measurements for customers. Barquilla, with assistance from Task Force.....»»
US Reveals Second Wave of Strikes on Houthis, Braces for Reprisals
U.S. and British officials are expressing optimism a day after the two countries unleashed what is now being described as two waves of strikes against Houthi positions in Yemen, retaliation for weeks of Houthi attacks that have disrupted shipping and damaged vessels transiting the Red Sea and Gulf of Aden.A U.S. defense official told VOA Friday that the initial assessment indicates the first wave of precision st.....»»
US Reveals Second Wave of Strikes on Houthis, Braces for Reprisals
U.S. and British officials are expressing optimism a day after the two countries unleashed what is now being described as two waves of strikes against Houthi positions in Yemen, retaliation for weeks of Houthi attacks that have disrupted shipping and damaged vessels transiting the Red Sea and Gulf of Aden.A U.S. defense official told VOA Friday that the initial assessment indicates the first wave of precision st.....»»
Market falls amid worries over rate cuts, China growth
Share prices ended in the red for a third session after another dour day across global markets, fuelled by a sense of resignation that the interest rate cuts long expected in March will not materialize due to stubbornly high inflation......»»
Malaysia holds historic biz market footprint in city
CONSIDERING the business climate and unique geographic position of Davao City, the Malaysia External Trade Development Corporation (Matrade) under the trade promotion agency of the Ministry of Investment, Trade and Industry (MITI) has set a historic business market footprint in the city through the Market Immersion Mission, making Davao one of their smart cities in the country, alongside the Philippine’s capital region, Manila......»»
Cebu City College construction in Ramos Public Market starts
CEBU CITY, Philippines — The construction of the Cebu City College in Ramos Public Market is ongoing despite the continued operation of some vendors there. This was confirmed by Grace Arinaza, admin aide 3 of Ramos Public Market, via Sugboanon Channel’s program on Wednesday, Feb. 7. The construction of the Cebu City College was already.....»»
Market succumbs to profit-taking anew
The stock market succumbed to another round of profit-taking, slumping for the second straight session......»»
Eye on inflation as market returns from long holiday
Investors will keep an eye on the results of the March inflation data this week, as the stock market heads into the second quarter with renewed optimism after managing to close the first quarter on a positive note......»»
Xinhua world economic news summary at 0900 GMT, March 11
TOKYO -- Tokyo stocks closed significantly lower on Monday amid a strong yen and concerns for an overheated market following the overnight losses of tech-related shares in the Wall Street market. Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended down 868.45 points, or 2.19 percent, from Friday to close the day at 38,820.49, the lowest level since Feb. 21. (Japan-Tokyo Stocks).....»»