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Market rally at risk from profit takers
Investors will be on the lookout for fresh catalysts this week which, if successful, could propel the stock market to the 6,900 level, or even back to the 7,000 mark......»»
Chavit’s P200,000 ‘donation’ falls under income – Artes
Former Ilocos Sur governor Luis “Chavit” Singson’s “donation” of P200,000 to the Metropolitan Manila Development Authority is considered retained income, contrary to a statement by a Civil Service Commission official, acting MMDA Chairman Romando Artes said yesterday......»»
Below target growth dampens market
The stock market plunged yesterday as the below target economic expansion in the first quarter did not sit well with investors......»»
UnionBank prices SRO at P30.57 per share
Union Bank of the Philippines has set the price of its stock rights offering at P30.57 per share, below the price range of P33.73 to P38.23 per share it provided a week ago......»»
Investors take profits ahead of Holy Week break
The stock market fell below the 6,900 level once more to end the week in the red as investors cashed in on their profits......»»
Is an Inflation Shock Imminent? The Daily Guardian Explores Wall Streets Concerns
Inflation Concerns Rise as Consumer-Price Index Falls Short of Expectations Inflation has been a hot topic of discussion recently, with hopes that the Federal Reserve.....»»
Tulfo’s bill seeks to impose stricter penalties for drunk drivers
MANILA, Philippines — A bill seeking to impose stricter penalties for drunk drivers, including a fine of up to P1,000,000, has been filed by Senator Raffy Tulfo. At present, the current law penalizes drunk drivers who caused homicide with a fine ranging from P300,000 to P500,000. But Tulfo, through his Senate Bill No, 2546, proposed.....»»
Biz Bureau surpasses 43-K permit renewals
The Davao City Business Bureau has achieved a significant milestone by processing over 43,000 business permit renewals as of January 29, 2024, surpassing last year's numbers. Maribel Paguican, the Head of the Business Bureau, revealed this accomplishment in a radio interview on January 30, 2024. She highlighted the bureau's performance, stating that they had already exceeded the previous year's figures by 270 renewals. Despite the positive outcome, Paguican acknowledged that they are still short of reaching the 46,000 permits issued the previous year. With approximately 2,890 renewals remaining, including 291 applicants considering retirement, the bureau anticipates around 2,599 renewal applicants. Paguican emphasized the upcoming retirement deadline on January 31, urging business owners to comply to avoid penalties ranging from P1,000 to P5,000. She also advised on the required documentation for retirement, emphasizing the importance of submitting the necessary paperwork to facilitate the process......»»
Delivery drivers urge Mayor Baste for business permit exemption
Title: Delivery Drivers Seek Exemption from Business Permit Requirement A group of delivery drivers in Davao is urging Mayor Sebastian Duterte to exempt them from the mandatory business permits. The drivers, including those from various delivery apps such as Grab and FoodPanda, are concerned about the financial burden imposed by the business permits, which range from P2,000 to P6,000. They argue that this requirement is unique to Davao City among all cities and provinces in the Philippines. Grab rider Rolando Atico emphasized the need for solidarity among all delivery drivers, regardless of the app they work for. He urged fellow drivers to support each other, as the financial impact may extend beyond just Grab and FoodPanda. Atico also requested Mayor Duterte to reconsider the requirement and reinstate the previous occupational permit, which only cost P125. The group is facing a 30-day deadline to obtain the business permits, and they are citing financial constraints as a reason for their request for an extension. Failure to comply could result in their removal from the delivery platforms, jeopardizing their livelihoods. Additionally, they are advocating for changes to Davao City's Revenue Code, proposing a model similar to Cebu City, where only an occupational permit is required. The drivers are also calling for an inquiry into the lack of transparency and unilateral actions of food delivery companies, particularly concerning rider capitalization and financial concerns. They believe that a thorough investigation will help ensure fairness and equity in their financial obligations and working relationship with the delivery companies. Maribel Paguican, the Business Bureau officer-in-charge, stated that non-certified delivery riders categorized as service contractors must obtain a business permit. She mentioned two permits for occupational and business activities, with a discounted structure for delivery riders. However, concerns have been raised about increased taxes, potentially ranging from P3,000 to P6,000, along with an additional tax on top of the declared income of P1,400. The delivery drivers' plea for exemption from the business permit requirement reflects their concerns about the financial impact and the potential threat to their livelihoods. Their call for solidarity and support from fellow drivers highlights the urgency of the situation. This story sheds light on the challenges faced by delivery drivers in Davao and the implications of the business permit requirement on their financial well-being. It also underscores their efforts to seek fairness and equity in their working relationship with the authorities and delivery companies......»»
Traslacion in CDO: from 110,000 last year to only 18,000 devotees this year
CAGAYAN DE ORO (MindaNews / 11 January) – A parish priest here blamed tight police security for the sharp drop in attendance during the Traslacion or the procession of the Black Nazarene here last Tuesday, with only 18,000 attendees compared with last year’s 110,000. Monsignor Rey Monsanto, parish priest of Our Lady Fatima Parish in Barangay […].....»»
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......»»
Market steps closer to 7,000 level
Investors yesterday pushed the benchmark index to within the 7,000 territory, as they opened the week making bets on local stocks ahead of the reporting February inflation......»»
Bitcoin hits new all-time high
The leading cryptocurrency surged above the $72,000 mark on Monday Bitcoin, the world's highest-valued cryptocurrency, hit a new record on Monday as it surged above $72,000. The token soared to a fresh all-time high of $72,030, breaking the record set in November 2021 and bringing gains for the year so far to n.....»»
Stocks to test 7,000 resistance
The stock market looks to sustain its momentum and advance to the 7,000 level this week, with investors keeping an eye on more corporate earnings results and positive cues abroad to fend off selling pressures......»»
38 areas could hit danger level heat index on May 18
A total of 38 areas nationwide are expected to fall under the "danger" heat index classification on Saturday, PAGASA said......»»
Market slips from last minute selling
The Philippine Stock Exchange index (PSEi) slipped by 9.51 points, or 0.14 percent, to close at 6,618.69, while the broader All Shares index dipped by 0.37 point, or 0.01 percent, to settle at 3,524.15......»»
PAGASA: 36 areas under ‘dangerous’ heat index classification
In the latest heat index bulletin of PAGASA, it said that 36 areas in the country on Monday will be under the “danger” classification, with temperatures ranging from 42°C to 47°C......»»
Metro Manila, 34 iba pang lugar asahan ang ‘dangerous’ heat index –PAGASA
MAG-INGAT ulit mga ka-BANDERA sa matinding init! Kahit umulan na ‘nung nakaraan, nagbabala ang Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) na aasahang aabot sa “dangerous” levels ang heat index sa Metro Manila at 34 pang lugar ngayong araw, May 13. Para sa mga hindi aware, ang “danger” category ay nasa pagitan ng 42°C to.....»»
Heat index in Laoag, Aparri may reach 46 °C on Sunday – Pagasa
MANILA, Philippines — Two areas, namely Laoag City in Ilocos Norte and Aparri in Cagayan, might experience the highest heat index on Sunday at 46 °C, according to the forecast of the Philippine Atmospheric, Geophysical, and Astronomical Services Administration (Pagasa). These places are followed by Roxas City in Capiz and Guiuan in Eastern Samar at.....»»
31 areas, including Metro Manila, face dangerous heat index on May 12
State weather bureau PAGASA warned that the heat index in 31 areas across the country, including parts of Metro Manila, is expected to soar to dangerous levels on Sunday......»»