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High rice prices to persist until September – DA
Despite sufficient rice stocks in the first half of the year, elevated rice prices may persist until September due to high international prices caused by the El Niño phenomenon, according to the Department of Agriculture......»»
CebuPac receives 1st plane delivery for 2024
Low-cost carrier Cebu Pacific is kicking off the year with the addition of a new aircraft, the first of 17 deliveries that it expects for this year in line with efforts to expand its fleet......»»
Philippines jobless rate drops to decades-low in December 2023
MANILA, Feb. 7 (Xinhua) -- The unemployment rate in the Philippines decreased to 3.1 percent in December 2023, the lowest since 2005, the Philippine Statistics Authority (PSA) said on Wednesday. "The full-year unemployment rate for 2023 was 4.3 percent compared to 5.4 percent in 2022," PSA head Dennis Mapa said at a press conference. Mapa said about 1.60 million were jobless in December last year. "This w.....»»
Infrastructure spending hits lowest level in November
Government spending for infrastructure dropped to a year-low in November last year even after state agencies were ordered to catch up on their expenses to boost economic growth......»»
Positive foreign, local news buoy stocks
The stock market bounced back on positive cues abroad coupled with expectations on earlier interest rate cuts......»»
Ombudsman lifts suspension on 72 NFA warehouse supervisors
The Office of the Ombudsman has lifted the suspension of 72 out of 139 officials and employees of the National Food Authority implicated in the alleged anomalous sale of government rice buffer stocks to private traders......»»
Agriculture chief exempts bonito from import ban
Agriculture Secretary Francisco Tiu Laurel Jr. has allowed canners to import frozen bonito more than two weeks after he ordered a temporary import suspension of the fish, following reports that imported fish stocks are diverted to the wet markets......»»
Index gains as investors gobble up bargain stocks
The stock market snapped its three consecutive losing streak, opening the week in positive territory as investors hunted for bargains......»»
Fish import suspension bodes well for aquaculture
The suspension of the importation of certain pelagic fishes to avert diversion of stocks to wet markets would allow the local aquaculture industry to grow, fish cage operators said......»»
PVL leaderboard crowded at the top
Petro Gazz and Chery Tiggo took care of business as they caught up with Creamline and Choco Mucho at the helm and boosted their semifinal stocks in the Premier Volleyball League All-Filipino Conference at the Sta. Rosa Sports Complex in Laguna......»»
European markets plunge on new virus strain
European stocks, oil prices, and the pound slumped Monday as a highly infectious strain of coronavirus in Britain had traders seeking shelter.Sterling lost 1.3 percent against the dollar, with the pound also still being hit as a post-Brexit trade deal between Britain and the EU remained out of reach.The euro gained 1.0 percent against the […].....»»
Amid bearish sentiment, bargain hunting could lift stocks
The stock market is expected to sustain its bearish sentiment this week, but potential bargain hunting may eventually lift shares out of the doldrums......»»
Amid bearish sentiment, bargain hunting could lift stocks
The stock market is expected to sustain its bearish sentiment this week, but potential bargain hunting may eventually lift shares out of the doldrums......»»
‘Traders divert imported fish to evade VAT’
Unscrupulous fish importers are diverting frozen stocks of round scad (galunggong), bonito (tulingan) and mackerel (alumahan) to the wet markets to evade paying value added tax (VAT), the Department of Agriculture said yesterday......»»
Market sizzles after Lenten break
Local stocks were off to a sizzling start following a long break as investors took cues from positive economic developments abroad......»»
Daily Guardian: Asian Stocks Rise Before Key US Inflation Data
Asian shares surged on Monday following gains on Wall Street, with investors closely watching US consumer price data for clues on the Federal Reserve’s policy.....»»
Stocks eke out gains, back at 6,900
The stock market eked out gains to move back up to the 6,900 level as investors continued to hunt for bargains......»»
Stocks retreat as investors stay on sidelines
Share prices retreated yesterday as investors opted to stay on the sidelines with trading shortened to three sessions this Holy Week......»»
Thin volume seen on short trading week
Local stocks are expected to move sideways this week with only three trading days due to the Holy Week break......»»
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......»»