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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......»»
First Metro thinks PSEi could hit 7,500 this year
First Metro Investment Corp head of research, Cristina Ulang, said that the PSEi could rise to as high as 7,500 this year......»»
Japan slips into a recession and loses its spot as the world s third-largest economy
Japan slips into a recession and loses its spot as the world s third-largest economy.....»»
Japan slips into a recession and loses its spot as the world s third largest economy
Japan slips into a recession and loses its spot as the world s third largest economy.....»»
ADB approves USD 100 mln loan to support small and medium-sized enterprises in Sri Lanka
Manila [Philippines], March 19 (ANI): The Asian Development Bank (ADB) has approved a USD 100 million loan to provide small and medium-sized enterprises (SMEs) in Sri Lanka more access to finance and build their resilience to external shocks, such as the economic crisis and climate change. SMEs play a critical role in Sri Lanka's economy, contributing 52 per cent to the country's gross domestic product and employ 45 per c.....»»
Economic worries weigh down PSEi
Share prices continued to correct, finishing in negative territory anew yesterday on concerns over economic growth prospects here and in China......»»
BSP seen defending peso at below 58:$1
The peso has been a “clear laggard” among Asian currencies against the dollar recently, which may prompt the Bangko Sentral ng Pilipinas (BSP) to defend the local unit and keep it below the 58 to $1 level, according to British banking giant HSBC.....»»
The skidding peso again?
The peso is skidding again and no one is paying attention anymore......»»
‘BSP ready to mitigate excessive peso volatility’
Monetary authorities are ready to mitigate any “unnecessary movement” and “excessive volatility” in the foreign exchange market as the peso sank to fresh 17-month lows against the dollar, according to Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr......»»
Stocks up, peso breaches 56:$1
The stock market posted slight gains yesterday as it tracked upswing in US markets, while the peso weakened and breached the 56 to $1 barrier......»»
Peso underperformance likely to continue – MUFG
The Philippine peso may continue to underperform against the dollar this quarter amid the country’s wide current account deficit and expensive foreign exchange valuations, Tokyo-based MUFG Bank said......»»
What keeps you from sharing your needs with others?
What keeps you from sharing your needs with others? What can you do today to reach out to someone else and help shoulder their burden?.....»»
Martinez reelected ABC president, keeps PB seat
Martinez reelected ABC president, keeps PB seat.....»»
BSP keeps policy rates anew
By Joann Santiago MANILA, Dec. 17 (PNA) — Philippine monetary officials on Thursday maintained the Bangko Sentral ng Pilipinas’ (BSP) key rates after noting that inflation dynamics and risks to the outlook........»»
Thirdy Ravena impresses anew as San-En keeps hot streak going
After falling one point short of a triple-double, Thirdy Ravena delivers once again to help the San-En NeoPhoenix notch their eighth straight win in the Japan B. League.....»»
30-meter bridge linking Cordova, Lapu-Lapu breaks ground
LAPU-LAPU CITY, Cebu – A 30-meter prestressed concrete bridge that would link Cordova town to Lapu-Lapu City has broken ground on Friday, May 10, 2024. The project includes building a 30-meter prestressed concrete bridge linking the Pilipog-Gabi causeway to the proposed Babag-Basak-Subabasbas Bypass road. Additionally, a 150-meter bypass road will be constructed perpendicular to the.....»»
HIV ‘not a legal ground’ to terminate employees
HIV ‘not a legal ground’ to terminate employees.....»»
WVSUMC breaks ground for P2.57 billion expansion project
WVSUMC breaks ground for P2.57 billion expansion project.....»»
Misconduct
Graft need not have happened. The ombudsman sets new ground by designating misconduct as sufficient ground for dismissal from the service......»»
Trealva residential community in Midlands West breaks ground
Midlands West, the newest residential district in Tagaytay Highlands, has broken ground for its first community which integrates eco-centric living in a luxury mountain resort environment......»»