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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......»»
2.4M Dabawenyos working as of Oct 2023
The October 2023 Preliminary Employment report by the Philippine Statistics Authority-Davao Region (PSA-Davao) reveals that 64 percent of the 3.780 million Dabawenyos aged 15 and above are part of the labor force, indicating that 2.42 million individuals are employed. This represents a 1.8 percentage point increase from the previous year. The report also highlights a 97.1 percent employment rate in the Davao Region as of October 2023, with a 2.9 percent unemployment rate, lower than the national average. Despite this, the region still maintains the highest employment rate in the Philippines. Additionally, the report compares employment rates across different regions, with Soccsksargen, Barmm, Central Luzon, CAR, Caraga, Western Visayas, Cagayan Valley, Mimaropa, and Central Visayas surpassing the national average. The Bangsamoro Autonomous Region in Muslim Mindanao (Barmm) records the highest labor force participation rate among 17 regions, while the Zamboanga Peninsula has the lowest rate. The data is collected through the Labor Force Survey (LFS) conducted quarterly and monthly by the PSA central office and its regional statistical services offices. The Davao Region, with nearly 6 million inhabitants, remains the 7th most populous region in the country......»»
BSP’s monetary board retains policy rate at 6.5%
This has been the fifth time the MB kept the interest rate since its off-cycle policy rate hike in October 2023 to mitigate supply-side inflation pressures......»»
Water bill to rise but no rate hike
Water bill to rise but no rate hike.....»»
‘Project UNLOCKED’ empowers teens overcome fears post-pandemic
‘Project UNLOCKED’ empowers teens overcome fears post-pandemic.....»»
Tejero Creek water turns white, sparks fears among residents
Tejero Creek water turns white, sparks fears among residents.....»»
Tejero Creek water turns white, sparks fears among residents
Tejero Creek water turns white, sparks fears among residents.....»»
Tejero Creek water turns white, sparks fears among residents
Tejero Creek water turns white, sparks fears among residents.....»»
Lebanon s displaced celebrate Ramadan amid fears that border conflict might become the new normal
Lebanon s displaced celebrate Ramadan amid fears that border conflict might become the new normal.....»»
A UN agency says it can t deliver aid to northern Gaza because of chaos, and famine fears are rising
A UN agency says it can t deliver aid to northern Gaza because of chaos, and famine fears are rising.....»»
FACES OF CEBU: Jay-R Panuncialman, 23, Sinulog Idol 2024 champion
CEBU CITY, Philippines — Conquering our fears requires an immense amount of courage. But once you conquer your fears, it opens up windows of opportunities. Proof of this is John Ryan “Jay-R” Panuncialman. Panuncialman was hailed champion of the Sinulog singing competition, Sinulog Idol, last Jan. 18 held at the Fuente Osmeña Circle in Cebu.....»»
Philippine sports body allays fears of Olympic, Asiad, SEA Games ban
Fears of a potential ban from participating in the Olympics, Asian and Southeast Asian Games were quashed by the Philippine Sports Commission, saying it has adhered to what were required by the World Anti-Doping Agency and close to completing everything it was asked for......»»
CHR fears PUVMP may jeopardize right to sustainable livelihood
While the Commission on Human Rights (CHR) recognizes the government's decision to make public utility vehicles safer and more-eco friendly, the agency fears that it might do more harm than good......»»
Maynilad to sell P15-B of Blue Bonds to fund capex projects ahead of IPO
Maynilad Water Services, a subsidiary of Metro Pacific Investments and an affiliate of DMCI Holdings, disclosed its application to the SEC to sell up to P15 billion worth of fixed-rate “Blue Bonds” in the last week of May, for listing on PDEx in the first week of June......»»
Philippines inflation rate slows to 2.8 pct in January
MANILA, Feb. 6 (Xinhua) -- Year-on-year inflation in the Philippines further eased to 2.8 percent in January from 3.9 percent in December 2023, the Philippine Statistics Authority (PSA) said on Tuesday. PSA head Dennis Mapa told a press conference that the January inflation rate is the lowest since the 2.3 percent inflation rate was recorded in October 2020. In January 2023, inflation rate was 8.7 percent.....»»
Laguesma ‘binaril’ P100 wage hike, kinastigo ng Senado
Tinawag na unpopular labor secretary si Bienvenido Laguesma matapos nitong kontrahin ang P100 wage hike bill sa Senado. The post Laguesma ‘binaril’ P100 wage hike, kinastigo ng Senado first appeared on Abante......»»
BBM kinulit sa P100 wage hike bill
Matapos isnabin ni Pangulong Bongbong Marcos ang P100 wage hike bill ng Senado sa kanyang Labor Day speech noong Miyerkoles, nanawagan naman si Senate President Juan Miguel Zubiri na sertipikahan ang panukala sa dagdag sahod ng mga manggagawa. The post BBM kinulit sa P100 wage hike bill first appeared on Abante......»»
Bill pushing P100 daily wage hike gets Senate nod on 2nd reading
MANILA, Philippines — The Senate on Wednesday approved on second reading a bill pushing for a P100-daily minimum wage hike for private sector workers. Senate Bill No. 2534 under Committee Report No. 190 was unanimously approved during Wednesday’s plenary session. Senate President Juan Miguel Zubiri said that once the wage hike bill gets the final.....»»
PSEi tumbles as Fed quashes rate cut hopes
Local stocks retreated yesterday as investors took cues from Wall Street’s overnight performance......»»