Here’s a quick glance at how PSEi stocks fared on Tuesday, February 2, 2021.
Category: Hot News
PSEi improves on bicam approval of CREATE bill
By Revin Mikhael D. Ochave, Reporter PHILIPPINE STOCKS closed higher on Tuesday as investor sentiment got a lift from the Bicameral Conference Committee’s approval of the proposed Corporate Recovery and Tax Incentives for Enterprises Act (CREATE). The bellwether Philippine Stock Exchange index (PSEi) improved by 53.12 points or 0.77% to close at 6,867.88, while the […]
Peso climbs on stock market’s rise
THE PESO appreciated against the greenback on Tuesday on risk-on sentiment amid gains in the local stock market as well as signals of likely lower borrowings in the US. The local unit closed at P48.053 per dollar yesterday, gaining 1.2 centavos from its P48.065 finish on Monday, data from the Bankers Association of the Philippines […]
House body endorses Charter ownership easing
A HOUSE of Representatives committee on Tuesday adopted a resolution allowing Congress to lift restrictive economic provisions of the 1987 Constitution, supposedly to help the Philippine economy recover amid a coronavirus pandemic. Voting 64 to three with three abstentions, the House committee on constitutional amendments agreed to insert the phrase “unless otherwise provided by law” […]
Gov’t to order 178M doses of vaccines for 90M Filipinos
THE PHILIPPINES will try to order 178 million doses of coronavirus vaccines so it can inoculate more than 90 million Filipinos this year, according to the presidential palace. “We are not yet counting the children,” presidential spokesman Harry L. Roque said at a televised briefing in Filipino on Tuesday. The government is in talks for […]
Proof of violations needed vs anti-terror law
PLAINTIFFS who questioned the validity of the country’s anti-terror law must prove actual violations of the Bill of Rights to boost their lawsuit, according to a Supreme Court magistrate. “This court in a unanimous way has already said that there must be a clear actual case,” Justice Mario Victor F. Leonen told a court hearing […]
Nationwide round-up (02/02/21)
Child car seat law implementation deferred TRANSPORT agencies on Tuesday said they would postpone the “full” implementation of the child car seat law, which means penalties for non-compliance will not be imposed yet. “There will be no apprehensions yet. Penalties will not be imposed just year,” Transportation Assistant Secretary Goddes Hope O. Libiran said, in […]
Regional Updates (02/02/21)
Fishing season for galunggong reopens in Palawan THE three-month closed fishing season for roundscad, locally known as galunggong, in northeast Palawan has been lifted, the Bureau of Fisheries and Aquatic Resources (BFAR) announced Tuesday. BFAR said the resumption of fishing activities in the area is expected to stabilize the supply and price of galunggong and […]
Gov’t facing P9.6-trillion bill for military pension obligations
THE GOVERNMENT will need to set aside about P9.6 trillion to meet its obligations to retired military and uniformed personnel (MUP) if it does not reform their pension arrangements, a key senator said. Citing an ongoing study of the Government Service Insurance System (GSIS), Senator Panfilo M. Lacson said the proposed pension system will need […]
E-trikes now available at Manila mall
ROBINSONS PLACE Manila teamed up with the Manila city government to launch “E-trikes sa Kamaynilaan” services. Ten e-trikes will be deployed daily in the mall’s vicinity to cover adjacent routes like Adriatico, Sta. Monica, and Midtown Driveway Area from 10 a.m. to 9 p.m. The e-trikes also cover any point in Manila such as the […]
AgriNurture aims to boost rice, corn output in Davao del Sur
LISTED AgriNurture, Inc. (ANI) has partnered with the National Commission on Indigenous Peoples (NCIP) and the Unified Bagobo-Tagabawa Tribe on improving rice and corn production in Davao del Sur. In a regulatory filing on Monday, ANI disclosed that it had forged a memorandum of agreement with NCIP and the Unified Bagobo-Tagabawa Tribe in an initiative […]
Entertainment News (02/02/21)
1 of 7 Gretchen Ho Gretchen Ho signs with TV5 CIGNAL TV and TV5 announced that TV host and athlete Gretchen Ho has joined the network’s weekday primetime news show The Big Story on One News. She will also join TV5’s primetime newscast Frontline Pilipinas. Ms. Ho also produces and stars in Woman in Action, […]
UK bankers face location limbo on Brexit
YOUNG BANKERS waiting to learn when or whether they might be relocated to the European Union (EU) can take some solace from the fact that oftentimes, their bosses also don’t know their own fate. A senior banker hired to work in London last year was asked just weeks later to pack his bags and move […]
How PSEi member stocks performed — February 1, 2021
Here’s a quick glance at how PSEi stocks fared on Monday, February 1, 2021.
Shares up on manufacturing data, vaccine news
PHILIPPINE SHARES bounced back on Monday as market sentiment improved due to factory activity data and the nearing arrival of coronavirus disease 2019 (COVID-19) vaccines in the country. The Philippine Stock Exchange index (PSEi) improved 202.14 points or 3.05% to finish at 6,814.76 yesterday, while the broader all shares index rose 96.34 points or 2.4% […]
Peso climbs vs dollar on strong PMI data
THE PESO strengthened against the greenback on Monday supported by improved manufacturing data. The local unit closed at P48.065 versus the dollar yesterday, gaining 1.5 centavos from its P48.08 finish on Friday, data from the Bankers Association of the Philippines showed. The peso opened Monday’s session at P48.06 a dollar. It moved in a tight […]
Virus cases nearing 530,000 with 10,807 deaths
By Vann Marlo M. Villegas, Reporter THE DEPARTMENT of Health reported 1,658 coronavirus infections on Monday, bringing the total to 527,272. The death toll rose to 10,807 after 58 more patients died, while recoveries increased by 27 to 487,574, it said in a bulletin. There were 28,891 active cases, 88.5% of which were mild, 5.3% […]
Growth targets will be missed in 2021 unless lockdowns are eased
THE GOVERNMENT is unlikely to hit its growth targets this year unless lockdowns brought by a global coronavirus pandemic are eased further, according to the country’s acting Socioeconomic Planning chief. Policymakers had been unable to balance the health risks and the impact of strict quarantines on economic output because they were risk-averse, Acting Socioeconomic Planning […]
Senate OK’s Manila’s adoption of treaty on ban of nuclear arms
THE SENATE on Monday concurred with President Rodrigo R. Duterte’s decision to agree to a United Nations (UN) treaty banning nuclear weapons. Twenty-three senators voted to approve Senate Resolution 620 on third and final reading, making the Philippines the 53rd nation to adopt the Treaty on the Prohibition of Nuclear Weapons. The treaty is the […]
Low US interest rates worsen racial wealth gap
KEEPING interest rates low in an effort to boost a weak economy, which the Federal Reserve has signaled it will do through at least 2023, may actually exacerbate wealth inequality between White and Black households, according to a new economic paper. The gains in stock prices that come with a low interest-rate environment and disproportionately […]