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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......»»
Xinhua world economic news summary at 0900 GMT, March 11
TOKYO -- Tokyo stocks closed significantly lower on Monday amid a strong yen and concerns for an overheated market following the overnight losses of tech-related shares in the Wall Street market. Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended down 868.45 points, or 2.19 percent, from Friday to close the day at 38,820.49, the lowest level since Feb. 21. (Japan-Tokyo Stocks).....»»
Xinhua world economic news summary at 0900 GMT, March 11
TOKYO -- Tokyo stocks closed significantly lower on Monday amid a strong yen and concerns for an overheated market following the overnight losses of tech-related shares in the Wall Street market. Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended down 868.45 points, or 2.19 percent, from Friday to close the day at 38,820.49, the lowest level since Feb. 21. (Japan-Tokyo Stocks).....»»
Manila to host squash SEA Cup
The eighth SEA Cup Squash Championships will be held at the National Squash Center, Rizal Memorial Sports Complex, in June with 11 gold medals at stake in men’s singles, women’s singles, mixed team, men’s jumbo doubles, women’s jumbo doubles, mixed jumbo doubles, U23 jumbo doubles, U23 international doubles, men’s international doubles, women’s international doubles and mixed international doubles......»»
PSEi tumbles as Fed quashes rate cut hopes
Local stocks retreated yesterday as investors took cues from Wall Street’s overnight performance......»»
‘Investment spending rebounds in 2023 4Q, driving GDP growth’
‘Investment spending rebounds in 2023 4Q, driving GDP growth’.....»»
PSEi falls, mirrors US equities
Local stocks plunged to close the week in the red as they mirror negative sentiment in US equities......»»
Al-Shifa Hospital raid one of the single largest operations in the war: Israeli military sources
Israeli military sources have hailed the weeklong raid on Al-Shifa Hospital in Gaza as one of the most successful operations in the ongoing conflict with.....»»
Ati-Atihan Festival: Gun ban imposed in Kalibo
A weeklong suspension of permits to transport and carry firearms will be imposed in Kalibo, Aklan as part of the security preparations for the Ati-Atihan Festival......»»
Fed Chief Powells Remarks on March Rate Cut Unlikely to Cause Stock Tumble: The Daily Guardians Guide to Navigating the Market
Title: Market Rebounds After Fed Chief’s Comments, Tech Stocks Experience Declines Subtitle: Investors Advised to Be Cautious Amidst Volatility Date: [Insert Date] Author: [Your Name].....»»
Mixed adjustments on fuel today
Separate advisories from oil companies announced mixed price adjustments on fuel products effective today......»»
Stocks rebound on encouraging GDP numbers
Local stocks rebounded from a two-day slump after Philippine economic growth was reported at 5.6 percent yesterday......»»
Padawan settles for 7th place in DATBI Invitational kegfest
CEBU CITY, Philippines — Cebuano bowler Aui Padawan wrapped up his mixed masters campaign in the 19th Dagupan Association of Tenpin Bowlers, Inc. (DATBI) Invitational Open Championships at seventh place last weekend in Dagupan City. Padawan, who plays for the Sugbuanon Bowlers United (SUGBU), finished seventh overall among 31 other competitors in the coveted mixed.....»»
Mixed adjustments in pump prices expected during first week of April
Oil companies are anticipated to introduce mixed adjustments in pump prices during the first week of April......»»
Mixed adjustments in oil prices set before Holy Week
Oil firms will implement mixed adjustments in oil prices on Tuesday, ahead of Holy Week. .....»»
Mixed movements in fuel prices set on March 5
Motorists should expect mixed movements in pump prices this week......»»
SUGBU’s Buyco rules KBA-CDO invitational kegfest’s mixed open masters
CEBU CITY, Philippines — GJ Buyco of the Sugbuanon Bowlers United (SUGBU) was crowned the mixed open masters champion in the recently concluded 2nd Kagayhaan Bowlers Association (KBA)-Cagayan de Oro Invitational Classic 2024 held at the SM Bowling Center in SM City CDO. Buyco defeated the heavily-favored top qualifier Gene Mendoza of the KBA in.....»»
Consumers express mixed reactions on slight power rate increase
Consumers of Davao Light and Power Co., Inc. have expressed mixed reactions to a slight increase in the overall power rate starting January 2024. The increase is attributed to higher market prices affecting the generation rate. Noriza Mabanding, a virtual assistant, noted the impact on her energy usage and the need to schedule appliance usage to save energy. Jenalyn Manguiob, a small business owner, expressed dissatisfaction with the increase's effect on her business but acknowledged the global market's influence and the importance of conserving energy. The increase amounts to P0.0774 per kWh, resulting in a minor increase in electricity bills for residential customers......»»
Mixed movement at the pumps seen next week
Local oil companies are expected to implement a mixed movement in pump prices next week......»»