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PSEi tumbles as Fed quashes rate cut hopes
Local stocks retreated yesterday as investors took cues from Wall Street’s overnight performance......»»
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......»»
PAL profit tumbles on price pressures
Flag carrier Philippine Airlines felt the shock of ballooning prices of fuel and services in the first quarter of the year, suffering a 13- percent drop in profit due to higher spending......»»
VMC net income tumbles on low sugar prices
Low sugar prices and output dragged the earnings of listed sugar miller Victorias Milling Co. Inc. by more than a third in the first half of its current crop year......»»
Shell Pilipinas profit tumbles to P1.2 billion in 2023
The earnings of Shell Pilipinas Corp. plunged by 70.7 percent to P1.2 billion in 2023 from P4.1 billion in 2022 on the back of declining global fuel prices and elevated interest rates......»»
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......»»
WHO appoints new Western Pacific regional director
MANILA, Jan. 23 (Xinhua) -- The World Health Organization (WHO) executive board on Tuesday confirmed the appointment of Saia Ma'u Piukala as the next WHO regional director for the Western Pacific region. The WHO regional office in Manila said Piukala's plan for his first 100 days in office includes visiting many of the 37 countries and areas in the region, engaging with governments and other stakeholders, listen.....»»
Cebu BRT tussle: Gwen says Capitol owns lots along Osmeña Boulevard
CEBU CITY, Philippines — As far as the Cebu Provincial government is concerned, they rightfully owned the lots along Osmeña Boulevard. This is the latest round of squabble among present and former officials of the Cebu City government and the Capitol over the construction of the Bus Rapid Transit (BRT) along Osmeña Boulevard. READ: Rama.....»»
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 back to 6,600 level on Wall Street gains
The Philippine stock market sustained its strength yesterday, returning to the 6,600 mark......»»
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......»»
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......»»
PODCAST | Departure, return: The region as liminal space in 3 Filipino films
Minda Salida #13: Departure, return: The region as liminal space in 3 Filipino films The term regional cinema was coined, or became a wave in the landscape of Philippine cinema, with the inception of the Cinema Rehiyon, an annual exhibition and gathering of regional cinemas and filmmakers all over the Philippines, led by the National […].....»»
Filipinos top Valorant Game Changers regional tiff
Top female Filipino Valorant players Kelly "shirazi" Jaudian, Alexandria "Alexy" Francisco and Camille "Kamiyu" Enriquez along with foreign teammates Odella “enerii” Abraham and Ryona "Tara" Tan ruled the first stage of the 2024 Valorant Game Changers Southeast Asia......»»
Filipinos top Valorant Game Changers regional tiff
Top female Filipino Valorant players Kelly "shirazi" Jaudian, Alexandria "Alexy" Francisco and Camille "Kamiyu" Enriquez along with foreign teammates Odella “enerii” Abraham and Ryona "Tara" Tan ruled the first stage of the 2024 Valorant Game Changers Southeast Asia......»»
Antivenom supply: ‘Crucial regional hospitals’ must have them – Tulfo
MANILA, Philippines — Adequate supply of antivenom is a need in “crucial regional hospitals’ of the country. This is according to Senator Raffy Tulfo, who noted that the Philippines is mostly composed of agricultural and rural areas. Tulfo is referring to antivenom for snake bites, particularly Philippine cobras. In his privilege speech delivered on Monday’s.....»»
Mandaue boxing: All set for Labor Day WBO regional title bouts
CEBU CITY, Philippines— The double World Boxing Organization (WBO) regional title bouts of the “Engkwentro 13” fight card of the ARQ Boxing Stable and the Mandaue City government is all systems go on Labor Day, May 1, at the Mandaue City Sports Complex. This was after, its main protagonists in Ramil Macado, Lorenz Dumam-ag, Vic.....»»
Maguindanaons join regional SIAP political party
More than a thousand Moro and non-Moro residents in Maguindanao del Sur and Maguindanao del Norte on Thursday joined a regional partly trying to fix the economic woes in the Bangsamoro region by improving commerce and trade in its six provinces and three cities......»»