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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).....»»
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......»»
Philippine stocks fall as investors realign holdings
Local stocks tumbled yesterday ahead of month-end realigning of portfolios......»»
Philippine stocks rise after Wall Street gains
Philippine stocks rose yesterday, mirroring gains in the US market......»»
Stocks move in step with Asia-wide rally
Local stocks recovered yesterday, moving in step with Asian peers, ahead of US inflation data that could influence the Federal Reserve’s thinking on rate cuts, while the crypto world got a boost after exchange-traded funds to track Bitcoin were approved in the United States......»»
Palworlds Monthly Server Costs Reach $500k – The Daily Guardian
Title: Palworld’s Phenomenal Success Puts CEO in a Bind: Rising Server Costs Threaten Bankruptcy Subtitle: Indie Game Palworld Surpasses Records with 19 Million Copies Sold,.....»»
DigiPlus revenues and profits exploded in FY23
DigiPlus declared a cash dividend of P0.18/share (1.8% yield) and teased that its FY23 net income of P4.1 billion, an outrageous 596% increase over its FY22 net income......»»
DOF mulls mining tax tweaks for royalties, windfall profits
The Department of Finance is pushing for higher rates and fewer tiers in taxing the extractive sector, but the mining industry argued that the proposed structure would make the sector more uncompetitive......»»
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 pull back on inflation impact
Investors yesterday pulled the market back closer to the 6,900 territory, pricing in the impact of inflation landing on the higher end of the target band......»»
Stocks bounce back as market cheers higher FDI inflow
The stock market bounced back yesterday as investors cheered the country’s November net inflow of foreign direct investments......»»
‘BSP has room to keep policy settings steady’
Monetary authorities have room to keep the country’s monetary policy settings steady this month, even if inflation breaches the four percent upper target in April, according to Bangko Sentral ng Pilipinas Governor Eli Remolona Jr......»»
Marcos calls for review of minimum wage rates
Groups have been calling on the government to raise the minimum wage to keep up with the rising cost of living. .....»»
Filinvest, KMC answer rising demand for co-working spaces
Gotianun–led property developer Filinvest Land Inc. (FLI) is teaming up with global co-working space provider KMC Community Inc. to address rising demand for co-working spaces in the Philippines......»»
Global pathways driving Asian rising stars to reach golf’s promised land
The establishment of strategic alliances between many of the regional golf circuits and the DP World Tour has provided new impetus for Asia’s rising stars to shoot for coveted places in golf’s promised land, known otherwise as the PGA Tour......»»
Curve balls keep coming
Geopolitical curve balls keep on coming, making it harder to project how the global and our local economy will perform in the months to come......»»
Rising tennis talents eye top finish in PPS Paulino tourney
The Mayor Rolen Paulino Jr. National Juniors Tennis Championships kick off in Olongapo City Thursday, drawing the nation’s top and rising young talents to compete for honors and valuable ranking points across nine age categories......»»
Roque: Xi, Duterte agreed to keep West Philippines Sea status quo
The Philippines under former president Rodrigo Duterte had a “gentleman’s agreement” with China to keep the status quo in the West Philippine Sea, a former Cabinet official said yesterday, as fresh tensions surround the WPS due to recent incursions by Beijing that targeted a Filipino resupply mission and a research team......»»
Government urged to keep spending, avoid high surplus
The government should not keep a high surplus and instead continue to ramp up spending in order to meet the growing needs of the economy, an economist said......»»