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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......»»
Mixed movement at the pumps seen next week
Local oil companies are expected to implement a mixed movement in pump prices next week......»»
Yemen: Warring Parties Restrict Women s Movement
(Beirut) - Parties to the conflict in Yemen, including the Houthis, the Yemeni government, and the Southern Transitional Council (STC), are systematically violating women's right to freedom of movement, Human Rights Watch said today.The authorities are barring women from traveling between governorates, and in some cases from travel abroad, without a ma.....»»
Senate remains watchful on movement of PI
SENATOR Sherwin "Win" Gatchalian revealed that the Senate remains on guard on the movement of the People’s Initiative (PI) after the Commission on Elections (Comelec) announced that it has indefinitely suspended the acceptance of signature sheets in connection with PI......»»
Zambo health office sustain anti-dengue campaign
Zambo health office sustain anti-dengue campaign.....»»
Sports and medical tourism eyed to sustain Davao-Manado-Davao flights
DAVAO CITY (MindaNews / 11 January) — Sports and medical tourism is the “low-hanging fruit” that can sustain the possible revival of the air connectivity between Davao City and Manado in Indonesia, a business leader said. Arturo Milan, co-chair of the Regional Development Council, told “Wednesdays Media Forum at the Habi at Kape,” that tourism could potentially […].....»»
Gasoline, diesel price hike seen next week
Mixed oil price movement is expected on Tuesday, April 23. .....»»
Cameroon s 'MeToo Moment
Over the past ten days, the #MeToo movement has seen a resurgence in Cameroon as scores of women and men have taken to social media to report their experiences of sexual harassment, assault, and other abuses, all at the hands of the same alleged predator.On January 19, Cameroonian whistleblower @N'ZUI MANTO shared an anonymous account from a victim accusing well-known b.....»»
Tourist arrivals seen to breach pre-COVID-19 levels
The country’s tourism sector is expected to sustain its recovery this year, with international arrivals hitting 8.21 million, effectively closing in to pre-COVID levels, according to a unit of Fitch Solutions......»»
Pertussis cases still rising in Philippines– DOH
Pertussis cases are still on an upward trend after data showed more than 1,500 infections were recorded as of April 13, the Department of He.....»»
Oftana new 3-point King
TNT’s Calvin Oftana’s career is really on an upward trajectory. From PBA champion to Asian Games gold medalist, Oftana now owns the title PBA Three-point King......»»
Pork belly retail price hits P420/kilo
The retail price of pork belly or liempo has reached as high as P420 per kilo amid the upward trend in its cost, according to data from the Department of Agriculture ......»»
Philippines slightly upgrades GDP growth to 6 pct in Q3
MANILA, Jan. 30 (Xinhua) -- The Philippine Statistics Authority (PSA) on Tuesday slightly upgraded year-on-year growth of gross domestic product (GDP) for the third quarter of 2023 to 6 percent from preliminary estimate of 5.9 percent. "The major contributors to the upward revision were manufacturing, from 1.7 percent to 1.8 percent; financial and insurance activities, from 9.5 percent to 9.6 percent; and accomm.....»»
Q3 GDP growth revised upward to 6 percent
The Philippine economy posted a slightly faster growth rate in the third quarter of 2023 than initially reported, according to the Philippine Statistics Authority......»»
Index to retest resistance level
Improving macroeconomic fundamentals gave the index much needed upward momentum last week......»»
Metrobank soars in 2023 with back-to-back local and international awards
Metropolitan Bank and Trust Co. (Metrobank) continued its upward momentum in 2023 as it brought home awards that demonstrated its strength and reliability for clients and cemented its leadership in the industry......»»
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......»»
PSEi tumbles as Fed quashes rate cut hopes
Local stocks retreated yesterday as investors took cues from Wall Street’s overnight performance......»»