Market slips from last minute selling
The Philippine Stock Exchange index (PSEi) slipped by 9.51 points, or 0.14 percent, to close at 6,618.69, while the broader All Shares index dipped by 0.37 point, or 0.01 percent, to settle at 3,524.15......»»
Charly Suarez faces new opponent for April 13 bout in Texas
CEBU CITY, Philippines — Charly “King’s Warrior” Suarez had to change his game plan ahead of his April 13 bout in the United States following a last minute change in his opponent. The unbeaten Suarez was initially scheduled to fight Puerto Rican Henry Lebron for a 10-rounder bout in Corpus Christi, Texas. However, a new.....»»
Pope skips Good Friday procession ‘to preserve his health’
VATICAN CITY (Reuters) -Pope Francis cancelled at the last minute his attendance at the Good Friday procession at Rome’s Colosseum, in what the Vatican described as a bid “to preserve his health” ahead of more Easter week engagements. Francis’ agenda for the next two days consists of an Easter Vigil service on Saturday evening and.....»»
Amparo steps in to replace Andales for the IBF world title bout in Japan
CEBU CITY, Philippines — In a surprising turn of events, world-ranked Jake “El Bambino” Amparo of the PMI Bohol Boxing Stable stepped in as a last-minute replacement for countryman ArAr Andales in facing the reigning International Boxing Federation (IBF) world minimumweight champion Ginjiro Shigeoka on March 31 in Nagoya, Japan. This was confirmed by PMI.....»»
How to Avoid Procrastination, A Must Read
Ever find yourself juggling tasks at the last minute, heart pounding as deadlines creep closer? Well, you’re not alone. Let’s chat about how to kick procrastination to the curb and make work life a bit smoother. Start by breaking tasks into bite-sized chunks. It’s like tackling a pizza slice instead of the whole pie. Trust […].....»»
Approved without thinking: P26.7-B ‘mysterious ayuda’
Another last-minute insertion in the 2024 national budget has been bared. The P26.7 billion was slipped in by the bicameral conference committee. Senators and representatives then ratified the bicam report. They are all thus answerable to the people for that hanky-panky......»»
Tadeo sparks MCU stunner over Olivarez in UCAL cagefest
RJ Tadeo produced a five-minute offensive brilliance and newcomer Manila Central University stunned last year’s runner-up Olivarez College, 74-61, in the Universities and Colleges Athletic League-PG Flex Linoleum Season 6......»»
Authorities prepare tight security for CDO’s Black Nazarene procession
CAGAYAN DE ORO CITY (MindaNews / 8 January) — Hundreds of police personnel were given last-minute instructions Monday afternoon, hours before their deployment to secure the “traslacion” of the Black Nazarene here, which is expected to gather a huge crowd of devotees. Colonel Wilbur Salaguste, Philippine National Police – Region 10 (PNP-10) operations head, said […].....»»
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......»»
Delivery drivers urge Mayor Baste for business permit exemption
Title: Delivery Drivers Seek Exemption from Business Permit Requirement A group of delivery drivers in Davao is urging Mayor Sebastian Duterte to exempt them from the mandatory business permits. The drivers, including those from various delivery apps such as Grab and FoodPanda, are concerned about the financial burden imposed by the business permits, which range from P2,000 to P6,000. They argue that this requirement is unique to Davao City among all cities and provinces in the Philippines. Grab rider Rolando Atico emphasized the need for solidarity among all delivery drivers, regardless of the app they work for. He urged fellow drivers to support each other, as the financial impact may extend beyond just Grab and FoodPanda. Atico also requested Mayor Duterte to reconsider the requirement and reinstate the previous occupational permit, which only cost P125. The group is facing a 30-day deadline to obtain the business permits, and they are citing financial constraints as a reason for their request for an extension. Failure to comply could result in their removal from the delivery platforms, jeopardizing their livelihoods. Additionally, they are advocating for changes to Davao City's Revenue Code, proposing a model similar to Cebu City, where only an occupational permit is required. The drivers are also calling for an inquiry into the lack of transparency and unilateral actions of food delivery companies, particularly concerning rider capitalization and financial concerns. They believe that a thorough investigation will help ensure fairness and equity in their financial obligations and working relationship with the delivery companies. Maribel Paguican, the Business Bureau officer-in-charge, stated that non-certified delivery riders categorized as service contractors must obtain a business permit. She mentioned two permits for occupational and business activities, with a discounted structure for delivery riders. However, concerns have been raised about increased taxes, potentially ranging from P3,000 to P6,000, along with an additional tax on top of the declared income of P1,400. The delivery drivers' plea for exemption from the business permit requirement reflects their concerns about the financial impact and the potential threat to their livelihoods. Their call for solidarity and support from fellow drivers highlights the urgency of the situation. This story sheds light on the challenges faced by delivery drivers in Davao and the implications of the business permit requirement on their financial well-being. It also underscores their efforts to seek fairness and equity in their working relationship with the authorities and delivery companies......»»
The power of words and reading
My favorite quotation on reading and books is from former US president Barack Obama, who said in a 2017 interview on what books mean to him: “…(reading) reintroduced me to the power of words as a way to figure out who you are and what you think, and what you believe, and what’s important, and to sort through and interpret this swirl of events that is happening around you every minute.”.....»»
TV5 contextualizes push for Charter change via people s initiative
CHEERS TO TV5 for its explainer on the controversial push for Charter change (also called Cha-cha) through the mechanism of a people's initiative. The five-minute report provided the necessary background on the issue and broke down the underlying strategy that sets this current attempt apart from previous undertakings......»»
Xiaomi takes aim at Tesla in Chinese auto market with $29,870 electric car
BEIJING (Reuters) – Chinese smartphone maker Xiaomi launched a sporty electric car on Thursday with styling cues drawn from Porsche and priced below Tesla’s Model 3, highlighting the stiff competition from new entrants in an already crowded EV market in China. During the two hour-long event, Xiaomi CEO and founder Lei Jun told a packed.....»»
GStocks propels gains in stock market accounts
The Philippine Stock Exchange Inc. said stock market accounts expanded by double digits last year, driven primarily by new accounts opened through the GStocksPH platform......»»
Bargain hunting boosts stock market
Bargain hunting propelled the stock market to open the week on a high note after last week’s steep drop......»»
Lapu-Lapu police nab ‘masterminds’ in murder of night market collector
LAPU-LAPU CITY, Cebu — Policemen in Lapu-Lapu City have arrested the two individuals who were tagged as the alleged masterminds in the murder of night market collector Christopher Ceniza last January 2. Helen Madal, the head of the city’s clearing team, and her ‘right-hand man’ Reynan Maloloy-on were arrested on Thursday, March 14, in their.....»»
GCash preparing for IPO in the last half of 2024
Oscar Reyes Jr., the CEO of GCash operator G-Xchange [link], said that they’re “preparing internally so that we can be ready this year” for an IPO, but clarified that “it is a question of the market, not of GCash, as the market has yet to rebound fully.”.....»»
Market gets ready for earnings results
The stock market is priming up for the release of fourth quarter and full-year 2023 corporate earnings starting this week after laying the groundwork for further ascent last week, traders said......»»
Farmers, fishers demand immediate relief for El Niño impacts
“NFA should release the rice from warehouses and distribute it to farmers and fishermen who lost their income due to El Niño instead of making a profit and selling to private traders. Many are already complaining of hunger and loss, so the distribution of aid and compensation should be stepped up." The post Farmers, fishers demand immediate relief for El Niño impacts appeared first on Bulatlat......»»
Remove the chaff from the grains
Other than the questioned selling of the buffer stock of rice to traders, what’s happening at the National Food Authority (NFA)? With 132 of around 2,000 NFA officials and employees all around the country suspended for six months without pay, this agency attached to the Department of Agriculture (DA) is struggling to stay relevant in the over-all schemes of the government on food security......»»
China warns on Taiwan, South China Sea at Shangri-La forum
SINGAPORE - Chinese Defense Minister Dong Jun Sunday issued a stern warning on Taiwan and the South China Sea at the Shangri-La Dialogue in Singapore.During his 40-minute-long keynote speech, Dong accused Taiwan's government under the ruling Democratic Progressive Party, which favors highlighting Taiwan's sovereignty, of 'pursuing separation [from China] in an incremental way' while external forces continue to s.....»»