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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......»»
Market succumbs to profit-taking anew
The stock market succumbed to another round of profit-taking, slumping for the second straight session......»»
Market tumbles below 6,800 amid profit taking
The stock market fell below the 6,800 level yesterday as investors continued to engage in profit taking following its recent rally......»»
Figaro quarterly profit up 7% y/y (121% q/q)
Figaro posted a Q2 profit of P195 million, up 7% from its Q2/22 profit of P182 million, and up 121% from its Q1 profit of P88 million......»»
'India taking rapid strides internationally': Rajnath Singh
Lucknow (Uttar Pradesh) [India], March 10 (ANI): Defence Minister Rajnath Singh on Sunday said that the world's leaders and people have a very positive perception of India adding that the country is taking rapid strides internationally. While addressing the 'Kayasth Parivar Abinandan programme,' in Lucknow, the Defence Minister said, "India is taking rapid strides internationally. You people would have gone to foreign cou.....»»
'India taking rapid strides internationally': Rajnath Singh
Lucknow (Uttar Pradesh) [India], March 10 (ANI): Defence Minister Rajnath Singh on Sunday said that the world's leaders and people have a very positive perception of India adding that the country is taking rapid strides internationally. While addressing the 'Kayasth Parivar Abinandan programme,' in Lucknow, the Defence Minister said, "India is taking rapid strides internationally. You people would have gone to foreign cou.....»»
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.....»»
EDITORIAL - Red carpet, not red tape
The economic team faces a challenging task: replace red tape with a red carpet for investments......»»
PSEi falls, mirrors US equities
Local stocks plunged to close the week in the red as they mirror negative sentiment in US equities......»»
PSEi back to 6,600 level on Wall Street gains
The Philippine stock market sustained its strength yesterday, returning to the 6,600 mark......»»
India s responsibility to look at such situations in neighbourhood: Jaishankar on Red Sea tensions
Ahmedabad (Gujarat) [India], April 2 (ANI): External Affairs Minister S Jaishankar said that two things are currently happening in the Red Sea, which includes attacks on ships through drones and missiles as well as pirates of Somalia taking over the ship. Jaishankar stated that it is the responsibility of India to look at such situations in the neighbourhood and how to tackle them in cooperation with other nations. While.....»»
LBC back to profit on cost cutting
Logistics courier LBC Express Holdings Inc. booked a profit of nearly P200 million in 2023, as it slashed business costs to offset the decrease in revenue......»»
Cebu Pacific books P8 billion profit in 2023
Low-cost carrier Cebu Pacific found itself landing on solid ground in 2023, as it booked a profit of nearly P8 billion on the back of a resurgent demand for air travel......»»
PLDT back on growth track, doubles profit to P26.61 billion
Telco leader PLDT Inc. returned to growth mode in 2023 as its profit doubled from a year ago, as it cleaned up the P33-billion budget overrun that messed up its balance sheet in 2022......»»
Kuryente sumipa presyo sa red, yellow alert
Nagpatawag ng public hearing ang Senate committee on energy na pinamumunuan ni Senador Raffy Tulfo ukol sa nararanasan na mga red at yellow alert sanhi ng kakulangan ng suplay ng kuryente sa bansa. The post Kuryente sumipa presyo sa red, yellow alert first appeared on Abante......»»
6 coastal areas in Visayas, Mindanao test positive for red tide
MANILA, Philippines — Six coastal areas in the country have tested positive for red tide, the Bureau of Fisheries and Aquatic Resources (BFAR) said. BFAR said in its advisory on Friday, April 12, that the affected areas in Visayas and Mindanao listed below had paralytic shellfish poison or toxic red tide above the regulatory limit:.....»»
Red Boosters claim third place in EASL Final Four
CEBU CITY, Philippines — The Jung Kwan Jang Red Boosters of Korea claimed the third place honors of the East Asia Super League (EASL) Final Four after a thrilling Battle-for-Third, 78-76, against the New Taipei Kings of Taiwan on Sunday, March 10, at the Hoops Dome in Lapu-Lapu City. The Red Boosters banked on the.....»»
Remulla confirms Teves on Interpol red notice, target of global manhunt
MANILA, Philippines – Former Negros Oriental Rep. Arnolfo “Arnie” Teves Jr. is currently the target of an international manhunt following his inclusion in the red notice system of the International Criminal Police Organization (INTERPOL), Justice Secretary Jesus Crispin Remulla confirmed on Wednesday. Remulla said that Teves is already included in Interpol’s Red Notice System. An.....»»
Sweeten Every Celebration: Elevate Special Moments with Red Ribbon’s Round Dedication Cake
2024 has just arrived, which means it’s time for another year of creating new memories. Whether for big or small occasions, make them memorable with Red Ribbon’s ALL-NEW Round Dedication Cakes as delicious and special-looking centerpieces that everyone can enjoy. The new Red Ribbon Round Dedication Cakes feature classier, more elegant round designs suitable for […].....»»