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Stocks slip on profit-taking
The stock market fell for a second consecutive session yesterday as investors stayed mostly on the sidelines ahead of the release of the country’s gross domestic product......»»
Apple Overtakes Samsung as World’s Top Smartphone Seller after Over a Decade
Apple has dethroned Samsung as the world’s leading smartphone seller, marking the end of Samsung’s 12-year dominance according to stats. This comes as data from the International Data Corporation (IDC) revealed that Apple secured the top spot in 2023, having sold 234.6 million units, claiming a 20.1% market share. In contrast, Samsung trailed with 226.6 […].....»»
Market slips ahead of US Fed meeting
Share prices pulled back yesterday as investors treaded with caution ahead of the policy meeting of the US Federal Reserve......»»
Quick look at the week ahead
Another exceedingly quiet week ahead, with nothing of note on the Philippine or American market schedules, except that the American markets have Monday off to commemorate Martin Luther King Jr. Day......»»
PSEi falls, mirrors US equities
Local stocks plunged to close the week in the red as they mirror negative sentiment in US equities......»»
PSEi tumbles as Fed quashes rate cut hopes
Local stocks retreated yesterday as investors took cues from Wall Street’s overnight performance......»»
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......»»
Xinhua world economic news summary at 0900 GMT, April 12
SEOUL -- South Korea's employment kept rising last month due to a fast increase in elderly jobs, statistical office data showed Friday. The number of employed people aged 15 or older expanded 173,000 from a year earlier to 28,396,000 in March, according to Statistics Korea. It marked the lowest growth in over three years since February 2021, but the employment continued to grow thanks to higher elderly jo.....»»
Eastern Communications grows market share to 6 percent
Eastern Communications is banking on the growing demand for corporate connectivity to further increase its market share, as it plans to maximize new assets to attract customers in underserved areas......»»
Philippines manufacturing output declines in March
MANILA, May 8 (Xinhua) -- Manufacturing production in the Philippines recorded a decline in March, reversing its growth momentum in the past months, the Philippine Statistics Authority (PSA) said Wednesday. Based on the preliminary results of a monthly survey, the PSA said the year-on-year value of production index (VaPI) and the volume of production index (VoPI) decreased by 1.7 percent and 0.8 percent in March.....»»
Philippines debt declines to P14.9 trillion in March
The country’s outstanding debt declined by nearly two percent to P14.93 trillion as of end-March from a record P15.18 trillion a month ago as the government settled its obligations to both local and foreign lenders, according to the Bureau of the Treasury......»»
Davao Metro Shuttle declines offer to manage bus system
DAVAO CITY (MindaNews / 24 March) — The Davao Metro Shuttle Corporation has declined the offer of the City Government of Davao to operate the Davao City Public Transport Modernization Project (DCPTMP), a public mass transportation project that will replace the jeepneys with buses, an executive of the bus company said. In an interview at […].....»»
Vilma Santos declines to head Film Academy of the Philippines, vows to help movie industry
“Star For All Seasons” Vilma Santos revealed that she received an offer to head the Film Academy of the Philippines. .....»»
Factory output growth slows sharply in 2023
The country’s manufacturing output expanded at a slower pace in 2023 as food, beverages and 12 other industry divisions registered declines, according to the Philippine Statistics Authority......»»
TR4 disease, logistics issues prune banana exports last year
The Philippines is expected to have posted declines in banana exports last year due to the spread of the Banana Fusarium Wilt Tropical Race 4 disease as well as logistical challenges, according to a report by the Food and Agriculture Organization of the United Nations......»»
The Wallenberg whirlwind trip
It may have been a quick three-day trip to the Philippines of a member of Sweden’s richest business family, but Mr. Marcus Wallenberg, chairman of both SEB, a leading North European financial group with a current market value of $30.61 billion (approximately P1.7 trillion) as of March 2024, and Saab, a prominent Swedish defense and security company with a market value of $10.36 billion (roughly P580.18 billion) as of the same period, managed to pack in several key meetings on his second day......»»
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......»»
Higher April inflation drags market
The stock market returned to its losing ways after the country’s inflation was reported to have quickened in April......»»
OceanaGold Philippines all set for stock market debut
OceanaGold (Philippines) Inc., the operator of Didipio gold and copper mine in Nueva Vizcaya, hurdled the final regulatory clearance for its initial public offering, paving the way for its market debut on May 13......»»
Strong corporate earnings boost market
The stock market advanced for a fifth straight session yesterday as strong corporate earnings in the first quarter helped buck negative cues from Wall Street overnight......»»