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Oil prices headed for weekly gains as Israel rejects ceasefire offer
(Reuters) – Oil prices rose in early trade on Friday, on track for weekly gains, with tensions persisting in the Middle East after Israel rejected a ceasefire offer from Hamas. Brent futures climbed 8 cents, or 0.1%, to $81.71 a barrel by 0119 GMT, while U.S. West Texas Intermediate crude futures rose 17 cents, or.....»»
Philippine stocks rise after Wall Street gains
Philippine stocks rose yesterday, mirroring gains in the US market......»»
Economy likely grew by 6.2 percent in Q1
The Philippine economy is expected to have posted a 6.2-percent growth in the first quarter supported by gains in the labor market and manufacturing, as well as government spending, according to First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P)......»»
Selling pressures drag local stocks down
The Philippine Stock Exchange index fell below the 6,900 level, slipping by 0.31 percent or 21.72 points to end at 6,891.49 amid selling pressures at the start of the trading week......»»
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......»»
Inflation likely breached upper 4 percent target in April
Headline inflation is expected to settle within the range of 3.5 to 4.3 percent in April, from a three-month high of 3.7 percent in March, possibly breaching the upper four percent target of the Bangko Sentral ng Pilipinas......»»
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.....»»
Latest surveys are results of inflationary sugar cartel
High prices clobbered 72 percent of Filipinos in December. Inflation strained them worse than low wages, 40 percent; joblessness, 28 percent and poverty, 25 percent, Pulse Asia’s survey shows......»»
Stocks rebound as Wall Street bounces back
Local stocks bounced back yesterday to close the week on a positive note as the local bourse mirrored gains in the US market......»»
Stocks snap 6-day win streak
The stock market snapped its six-day winning streak yesterday as investors opted to pocket gains......»»
Index soars on easing Mid East tensions
Positive cues from the US markets and easing tensions in the Middle East provided a much needed boost to the stock market yesterday, extending gains to a sixth straight session......»»
Easing Middle East tensions push market higher
The stock market advanced for a second consecutive session yesterday as it received much-needed boost from gains in the US market as well as easing tensions in the Middle East......»»
Index closes flat on lack of market-moving news
The stock market opened the week with minimal gains as investors waited for catalysts......»»
Stocks up, peso breaches 56:$1
The stock market posted slight gains yesterday as it tracked upswing in US markets, while the peso weakened and breached the 56 to $1 barrier......»»
PSEi back to 6,600 level on Wall Street gains
The Philippine stock market sustained its strength yesterday, returning to the 6,600 mark......»»
Heat index nakakapaso sa 41 lugar
Mapanganib pa rin ang lebel ng init ng panahon ngayong Martes sa 41 lugar ng bansa, kabilang ang Metro Manila, ayon sa Pagasa. The post Heat index nakakapaso sa 41 lugar first appeared on Abante......»»
Cebu gears up for hottest May yet: May 1 temperature to hit 40°C
CEBU CITY, Philippines – Cebu will continue to endure scorching heat as the maximum heat index on Tuesday, April 30, is expected to reach 39 degrees Celsius. The following day, May 1, will mark the beginning of the hottest month of the year due to the combination of summer and El Niño. The heat index.....»»
Cebu brace for hottest month, heat index to become dangerous
Cebu brace for hottest month, heat index to become dangerous.....»»
42 areas under risk of dangerous heat index on April 28
State weather bureau PAGASA reported that the heat index in 42 areas across the country, including parts in Metro Manila, is expected to reach the dangerous levels on Sunday......»»
38 areas under ‘dangerous’ heat index classification — PAGASA
In the latest heat index bulletin of PAGASA, it said that 38 areas in the country will be under the “danger” classification, with temperatures ranging from 42°C to 47°C......»»