YIELDS on government securities (GS) traded in the secondary market ended mixed last week after the US Federal Reserve and the Bangko Sentral ng Pilipinas (BSP) opted for smaller rate hikes at their meetings last week. Bond yields, which move opposite to prices, went up by 4.23 basis points (bps) on average week on week, […]
The Philippines stood at the 18th spot with an overall score of 5.18 in the latest edition of Agility Emerging Markets Logistics Index 2023 produced by Transport Intelligence. This was higher compared with the 5.16 overall score in the previous year. The index gauges the competitiveness of 50 emerging markets based on four equally weighted […]
Here’s a quick glance at how PSEi stocks fared on Friday, March 24, 2023.
THE PESO could trade sideways against the dollar this week on expectations that the Bangko Sentral ng Pilipinas (BSP) would be more hawkish than the US Federal Reserve as domestic inflation remains elevated. The local currency closed at P54.35 versus the greenback on Friday, down by eight centavos from Thursday’s P54.27 finish, Bankers Association of […]
PHILIPPINE SHARES are expected to move sideways this week as investors remain cautious due to banking concerns abroad and following rate hikes by the US Federal Reserve and the Bangko Sentral ng Pilipinas (BSP). The bellwether Philippine Stock Exchange index (PSEi) went up by 65.81 points or 1% to close at 6,602.17 on Friday, while […]
Games Wednesday (Filoil EcoOil Centre) 12 p.m. — AU vs San Beda (M) 2 p.m. — UPHSD vs LPU (W) LYCEUM of the Philippines University (LPU) continued its fairy tale run as it turned back a stubborn Mapua University, 25-18, 25-23, 29-31, 27-25, in their knockout stepladder semifinal duel in NCAA Season 98 Volleyball at […]
THERE is enough talent for Philippine weightlifting to last for another generation. It produced two more yesterday in Prince Keil Delos Santos and Eron Borres, who dominated the boys’ -49-kilogram division of the International Weightlifting Federation (IWF) World Youth Championships in Durres, Albania. Mr. Delos Santos, who hails from Angono, Rizal, struck gold in the […]
SHEIKH Jassim Bin Hamad Al Thani, the son of Qatar’s former prime minister, has submitted an improved bid to buy Premier League club Manchester United, people familiar with the matter told Reuters on Saturday. Sheikh Jassim had made an earlier bid in February. A spokesperson representing Sheikh Jassim said at the time that the bid […]
KEVIN Huerter poured in a team-high 27 points, Harrison Barnes led a third-quarter surge and the Sacramento Kings moved within one win of clinching their first playoff berth in 17 years with a 121-113 victory over the visiting Utah Jazz on Saturday night. Keegan Murray chipped in with 22 points and Mr. Barnes had 18. […]
There was a time when the middle of March saw few meaningful matches in the National Basketball Association. With the regular season coming to a close, many — if not most — of the seedlings will have been determined, with protagonists either eyeing the playoffs or jockeying for position in the race to make the […]
THE PHILIPPINES is seeking a $400-million loan from the World Bank (WB) to support digital transformation initiatives. “The proposed operation in the amount of $400 million is the first of a programmatic series of two development policy loans (DPLs) that aims to assist the government of the Philippines to foster an enabling environment for digital […]
THE Department of Justice (DoJ) said a 2007 Supreme Court (SC) ruling on “extraordinary inflation” cannot be applied to price escalation clauses in government procurement contracts. “The pronouncement of the Supreme Court on the requisites of extraordinary inflation (or deflation) in order to affect an obligation is specific to the factual circumstance in the Equitable […]
THE 100-kilowatt (kW) restriction on solar rooftops should be removed to encourage the installation of more such facilities by homes and businesses to reduce the Philippines’ dependence on imported fuel, Senator Sherwin T. Gatchalian said. “Rooftops are the new real estate. They cannot install more than 100 kilowatts, for a factory that is small… we […]
THE Tariff Commission (TC) said it has launched a second review on anti-dumping duties charged on wheat flour imports from Turkey, which are due to expire this year. The TC said it will conduct a preliminary conference on March 28 on the recommendation of the Department of Agriculture, following a request by the Philippine Association […]
SUGAR workers called on David John Thaddeus P. Alba, the outgoing head of the Sugar Regulatory Administration (SRA) to clarify the circumstances behind the sugar imports which were apparently brought in without the needed approvals. In a statement, National Federation of Sugar Workers Chairman John Milton Lozande asked Mr. Alba to disclose what he knows […]
Shares of Germany’s largest bank Deutsche Bank plunged on Friday as investors fretted that regulators and central banks have yet to contain the worst shock to the sector since the 2008 global financial crisis. Wider indicators of financial market stress were also flashing, with the euro falling against the dollar, euro zone government bond yields sinking and the costs […]
OTTAWA – US President Joe Biden and Canadian Prime Minister Justin Trudeau presented a united front on Friday against authoritarian regimes as Biden visited the Canadian capital days after the leaders of China and Russia held a Moscow summit. Images of Mr. Biden and Mr. Trudeau standing side by side in Ottawa announcing agreements including on semiconductors and migration represented a counter point to the […]
LONDON – Most patients admitted to hospitals with acute viral infections are given antibiotics as a precaution against bacterial co-infection, but this practice may not improve survival, new research suggests. Researchers investigated the impact of antibiotic use on survival in more than 2,100 patients in a hospital in Norway between 2017 and 2021 and found that giving […]
SYDNEY, – New Zealand Foreign Affairs Minister Nanaia Mahuta said on Saturday she had expressed concerns over the South China Sea and tensions in the Taiwan Strait during talks with her Chinese counterpart at the end of a visit to Beijing. Ms. Mahuta also said in a statement she “noted New Zealand’s deep concerns regarding the human […]