Here’s a quick glance at how PSEi stocks fared on Wednesday, February 17, 2021.
Category: Hot News
Stocks drop on Taal’s activity, inflation concerns
PHILIPPINE SHARES fell on Wednesday as concerns over the Taal volcano recent activity and the peso’s weakness caused the market to become cautious. The Philippine Stock Exchange index (PSEi) dropped by 77.63 points or 1.1% to finish at 6,966.43 on Wednesday. The broader all shares index also declined by 35.31 points or 0.83% to close […]
Peso sinks to weakest close in 3 months
THE PESO weakened further against the greenback on Wednesday on risk-off sentiment following the stock market’s decline and amid concerns over rising commodity prices. The local unit finished trading at P48.38 per dollar on Wednesday, losing 13 centavos from Tuesday’s close of P48.25, data from the Bankers Association of the Philippines showed. This was its […]
Gov’t agrees not to file suits in case of vaccine side effects
THE PHILIPPINE government has agreed not to press charges against coronavirus vaccine makers in case of injuries, according to the presidential palace. The government would assume responsibility for the emergency use of their vaccines under so-called indemnification agreements, vaccine czar Carlito G. Galvez, Jr. told a televised news briefing on Wednesday. Among those covered by […]
Congressmen seek P500-M fund for vaccine harm or loss
CONGRESSMEN are considering creating a P500-million fund that will cover damage claims in case people get sick from coronavirus vaccine shots. The fund will cover any adverse effects and ensure that the government’s vaccination program goes smoothly, Quirino Rep. Junie E. Cua said in his sponsorship speech on Wednesday. The clause was inserted in House […]
Local shares rise on potential lockdown easing
LOCAL STOCKS climbed on Tuesday as global equities rallied and following the National Economic and Development Authority (NEDA) chief’s suggestion to further ease quarantine restrictions to help boost consumption. The benchmark Philippine Stock Exchange (PSEi) rose by 84.85 points or 1.21% to end at 7,044.06 yesterday. The all shares index also went up by 41.18 […]
Peso drops to P48:$1 level as oil prices climb
THE PESO returned to the P48-per-dollar level on Tuesday amid rising oil prices and bargain hunting by investors. The local unit closed at P48.25 versus the dollar on Tuesday, sinking by 32 centavos from its Monday finish of P47.93 against the greenback, data from the Bankers Association of the Philippines showed. The peso opened the […]
‘Vaccine nationalism’ may slow pandemic recovery
WASHINGTON — The World Trade Organization’s (WTO) incoming chief on Monday warned against “vaccine nationalism” that would slow progress in ending the COVID-19 pandemic and could erode economic growth for all countries — rich and poor. Ngozi Okonjo-Iweala told Reuters her top priority was to ensure the WTO does more to address the pandemic, saying […]
Election protest of late dictator’s son rejected
THE SUPREME Court has rejected for lack of merit the election protest of defeated vice presidential candidate Ferdinand “Bongbong” R. Marcos, Jr., according to its spokesman. The 15-member court, sitting as the Presidential Electoral Tribunal, dismissed the lawsuit unanimously, court spokesman Brian Keith F. Hosaka told an online news briefing on Tuesday. “Out of the […]
Philippines will have enough vaccines for adults, palace says
By Kyle Aristophere T. Atienza and Vann Marlo M. Villegas, Reporters THE PHILIPPINES will have enough coronavirus vaccines for its adult population this year, according to the presidential palace. The government will get 44 million doses of vaccines under a global initiative for equal access and 25 million doses from China’s Sinovac Biotech Ltd. that […]
Manila’s envoy belies claim of inaction on China coast guard law
THE COUNTRY’S ambassador to China on Tuesday belied claims that he failed to block Beijing’s new law allowing its coast guard to fire at enemies in the South China Sea. Philippine Ambassador to China Jose Santiago Sto. Romana told a televised news briefing his office had filed two reports — when the Chinese law was […]
Senate recommends cancellation of ‘half-baked’ privatized vehicle inspection policy
THE SENATE public services committee has recommended the repeal of the Department of Transportation’s (DoTr) order delegating motor vehicle inspection system to private operators. Under Committee Report No. 184, the panel chaired by Senator Grace Poe-Llamanzares said the order is “half-baked” and will have to go through the legislative process. “The policy of ensuring only […]
Nationwide round-up (02/16/21)
NPC tells teachers: Don’t post photos, videos of students in online classes THE National Privacy Commission (NPC) is warning teachers against posting on social media photos or video clips collected from online classrooms to protect the privacy of students. The commission said in a statement on Tuesday that schools should enforce social media policies that […]
Regional Updates (02/16/21)
80-ha area in national penitentiary to be used as urban agri site A FARM-fishery project will be developed within the national penitentiary’s 80-hectare reservation area as part of the Department of Agriculture’s (DA) urban farming program. The DA announced on Tuesday that it recently signed an agreement with the Bureau of Corrections (BuCor) for the […]
Meralco power rates down in February
The Manila Electric Company (MERALCO) announced today a downward adjustment of power rates as the overall rate for a typical household decreased by P0.0704 per kWh, from last month’s P8.7497 per kWh to P8.6793 per kWh this February. This is equivalent to a decrease of around P14 in the total bill of residential customers consuming 200 kWh. This […]
Federal Land seeing higher demand for townships
FEDERAL LAND, Inc. said it continues to see increased demand for its township developments such as Metro Park in Pasay City and Grand Central Park in Bonifacio Global City amid the pandemic. “After a year of extraordinary circumstances, Filipinos are now looking for more than just a good place to sleep in when it comes […]
Megawide bags ‘multiple contracts’ worth P26B for Suntrust project
MEGAWIDE Construction Corp. on Monday said it bagged “multiple” contracts amounting to P26.3 billion from Suntrust Home Developers, Inc. for its Westside City Resorts World project. “The initial letters of award from Suntrust — totaling P6.3 billion — included initial works such as pile cap, excavation, and lateral support direct contract, worth P2.3 billion, and […]
Converge exploring new satellite technologies
LISTED internet service provider Converge ICT Solutions, Inc. on Monday said it is currently exploring latest satellite technologies to improve its services. “The latest satellite technologies, including that of Space Exploration Technologies Corp. (SpaceX), are among those new technologies being explored by Converge to bring high-speed broadband to far-flung areas in the country,” Converge said […]
Gov’t upsizes T-bill award as rates decline further
THE GOVERNMENT Hiked its award of Treasury bills on Monday as rates continued to drop on the back of strong demand from investors looking for higher yields. — BW FILE PHOTO THE GOVERNMENT upsized the volume of Treasury bills (T-bills) it awarded for the seventh straight week on Monday as demand remained high despite faster […]
Are you feeling lucky?
After the disaster that was 2020, one feng shui consultant takes a risk to predict which signs will be lucky — or not — in the Year of the Metal Ox. WE’RE ALL still reeling a bit from 2020 (there is still a pandemic, after all), so it’s best to know what’s in store for […]