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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......»»
Heat wave in Southeast Asia closes schools, triggers health alerts
Heat wave in Southeast Asia closes schools, triggers health alerts Reuters.....»»
Cebu City OBO temporarily closes condo unit after child’s fatal fall
Cebu City OBO temporarily closes condo unit after child’s fatal fall.....»»
Davraa Meet 2024 closes on a high note in Davao City
Davraa Meet 2024 closes on a high note in Davao City.....»»
Misamis Oriental s pilgrimage site closes for tourism upgrade
Misamis Oriental s pilgrimage site closes for tourism upgrade.....»»
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......»»
Penitentes take centerstage anew in Leyte Holy Week rituals
Penitentes take centerstage anew in Leyte Holy Week rituals.....»»
PSEi falls, mirrors US equities
Local stocks plunged to close the week in the red as they mirror negative sentiment in US equities......»»
PSEi to stay at 6,700 ahead of inflation data
The stock market will try to hold on to the 6,700 level this week as investors will be on the lookout for inflation data and corporate earnings results......»»
Index attempts to break past 7,000 anew
Local stocks will likely seek direction from the US markets this week in a bid to break past the 7,000 threshold anew......»»
Index closes flat on lack of market-moving news
The stock market opened the week with minimal gains as investors waited for catalysts......»»
Muhammad Alis Thrilla in Manila shorts expected to smash auction records - Muhammad Ali
Bids for trunks from 1975 fight against Joe Frazier could reach $6m in online Sothebys auction The shorts worn by Muhammad Ali during his famous Thrilla in Manila fight in 1975 are expected to smash auction records at Sothebys in New York next week. The white satin Everlast trunks, which Ali signed with a black Sharpie pen, have attracted bids of $3.8m (3m) in an online auction that closes on 12 April. That puts the trunk.....»»
PSEi tumbles as Fed quashes rate cut hopes
Local stocks retreated yesterday as investors took cues from Wall Street’s overnight performance......»»
PSEi back to 6,600 level on Wall Street gains
The Philippine stock market sustained its strength yesterday, returning to the 6,600 mark......»»
PSEi forecast to touch 7,000
The Philippine Stock Exchange index is set for recovery as it is expected to hit 7,000 to 7,500 by the fourth quarter of this year, according to First Metro Investment Corp......»»
Pagasa: Temperatures dropping amid rains
The Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) yesterday reported a drop in the maximum temperatures in the country amid the thunderstorms experienced in many areas......»»
Number of fishermen in West Philippine Sea up 60% – BFAR
More Filipino fishermen have begun dropping their nets again in the West Philippine Sea, with a ranking official from the Bureau of Fish.....»»
US Airdrops Aid in Northern Gaza Amid Limited Supplies
The Daily Guardian- In response to the ongoing crisis in Gaza, the U.S. Central Command has taken action by dropping essential aid into the region......»»
Head-first slam on Pacio unintentional, Brooks maintains
Jarred Brooks underscored that he “did not intentionally do anything” after dropping his ONE FC strawweight MMA world championship to Filipino fighter Joshua Pacio due to disqualification......»»