The local stock market declined following a new round of pump price hikes and a weaker peso. The main index dropped 48.75 points or 0.78 percent to close at 6,285.19 as losses were led by the Services sector while the Industrial and Mining and Oil counters managed to advance. Volume remained anemic...
Filipino Cardinal Luis Antonio Cardinal Tagle marked his 65th birthday on Tuesday, June 21. Photo RCAM FB The Archdiocese of Manila posted a birthday greeting for the former Manila prelate on Facebook. "Happy Birthday, Cardinal Tagle! We wish you more wisdom and strength as you carry out your...
The local stock market closed flat as investors wait for cues from US bourses and market-moving news. The PSEi eked out a gain of 2.38 points or 0.04 percent to close at 6,333.94 although only the Industrial and Holding Firms sectors advanced while the Property counter led decliners. Volume was...
Makati 2nd district Rep. Luis Campos Jr. is urging President-elect Ferdinand “Bongbong” Marcos Jr. to develop offshore wind farms in the West Philippine Sea (WPS) following Marcos’s meeting with the Norwegian Ambassador. Bangui Wind Farm (Wikipedia) “Offshore wind farms in the West...
WORD ALIVE FR. BEL SAN LUIS, SVD Today we celebrate the solemnity of the Body and Blood of Christ or CORPUS CHRISTI, a Latin term which means literally “Body of Christ.” One might ask, "Why does the Church put so much importance on the Eucharist or the Mass? Why not try other kinds of worship...
Stocks take cue from US to resume slide Local share prices took their cues from the US and dropped again, to end one of the Philippine Stock Exchange Index’s (PSEi) worst week this year. The main index lost 61.45 points or 0.96 percent to close at 6,331.56 as Conglomerates led the retreat with...
The local stock market bounced after the announcement of an expected US rate hike and the growth in remittances. The main index rose 73.59 points or 1.16 percent to close at 6,393.01 with the Property sector leading the advance although the Services counter lagged behind. Volume declined to 647...
The local stock market resumed its slide on the back of losses in Wall Street as interest rates rise ahead of the US Federal Reserves’ monetary policy meeting. The main index fell 155.11 points or 2.40 percent to close at 6,319.42 as Conglomerates and Property firms led the retreat across the...
The Philippine Stock Exchange Index (PSEi) managed to recover from early losses to end its losing streak by posting a small gain as investors finally came in to pick up some bargains. The main index inched up 7.52 points or 0.12 percent to close at 6,474.53 although only the Holding Firms and...
The local stock market continued to decline after news of a high US inflation rate sent share prices tumbling. The main index dropped 63.03 points or 0.97 percent to close at 6,467.01 with the Mining and Oil index leading the retreat across the board. Volume remained thin at 761 million shares...
WORD ALIVE FR. BEL SAN LUIS, SVD Once a pious woman who was bringing a bunch of novena-booklets to church met the parish priest. He asked, “Who is your favorite saint?” “Of course, I like the Blessed Virgin Mary best! But I also like her sister!” “Her sister? Who is she?” asked the...
The local stock market ended the week with a steep drop after US bourses fell on concern that the Fed may raise rates faster in reaction to high inflation. The PSEi’s loss kept mounting before closing lower by 228.55 points or 3.38 percent to close at 6,530.04 as the Property sector led the...
