PHILIPPINE STOCKS rebounded on Wednesday as investors picked up bargains after the market’s two-day decline and following the release of US inflation data. The benchmark Philippine Stock Exchange index (PSEi) went up 30.85 points or 0.45% to close at 6,822.09 on Wednesday, while the broader all shares index added 4.53 points or 0.12% to end […]
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Asia stocks head for second weekly loss as Fed rate worries flare
TOKYO – Asia-Pacific stocks fell on Friday, slumping toward a second weekly loss as investors fretted about the potential for further Federal Reserve tightening and the effect on the US economy. US short-term Treasury yields held near a one-month high, helping the dollar tick up against major peers, after Richmond Fed President Thomas Barkin overnight […]
ERC reviewing secondary price cap after DoE cites potential to unlock investment
THE Energy Regulatory Commission (ERC) said it is reviewing the secondary price cap after the Energy department said its removal could attract more investment in energy. “The ERC is evaluating the mechanics of the secondary price cap given, on one hand, its clear mitigating impact on rates charged to consumers exposed to WESM (Wholesale Electricity […]
Filipino among 11 dead in Monterey Park shooting
A 68-YEAR-OLD Filipino was among 11 people who died at a mass shooting inside a dance studio in Monterey Park in Los Angeles, California at the weekend, according to the Philippine consulate general. It issued the statement after verifying the facts with US police, Filipino-Amercian organizations and media. Most of the victims were seniors. Of […]
Rublev tames Thiem, Sabalenka and Garcia stroll in Melbourne heat
MELBOURNE — Fifth seed Andrey Rublev brought an end to the Australian Open campaign of former Grand Slam champion Dominic Thiem in the opening round on Tuesday when he overpowered the Austrian 6-3 6-4 6-2 on a sweltering John Cain Arena. Mr. Thiem, a finalist at Melbourne Park and US Open champion in 2020, is […]
More Philippine Defense officials quit
MORE senior officials of the Defense department have quit after Jose Faustino, Jr. resigned as secretary. At least seven more officials who held undersecretary and assistant secretary positions submitted their resignation letters to newly installed Defense Secretary Carlito G. Galvez, Jr., agency spokesman Arsenio R. Andolong told reporters on Tuesday. It is customary for coterminous […]
Angara calls for institutional reforms in CAAP after air traffic system mishap
A SENATOR has called for institutional reforms in the Civil Aviation Authority of the Philippines (CAAP) after technical mishap on Jan. 1 that downed the country’s air traffic control system, causing flight cancellations and delays in all airports. “The technical glitch that took place last January 1 was a wake-up call for all of us […]
Silver and bronze for PHL fencing team in Malaysia
THE PHILIPPINES added another silver and bronze medals to its loot in the in the Southeast Asian Fencing Federation Championships in Kuala Lumpur, Malaysia over the weekend. The men’s epee team of Jian Miguel Bautista, Lee Eigran Ergina, Noelito Jose, Jr. and Rex dela Cruz, Jr. tried but failed to wrest the gold and settled […]
Abortion, China, big government: Republicans gear up to flex US House muscles
WASHINGTON — Hours after Republican leader Kevin McCarthy finally clinched the US House speaker role, his party was already rolling out its initial legislative steps: the creation of committees to investigate China and the “weaponization of the federal government,” and a bill that could potentially limit abortion care nationwide. Mr. McCarthy won the election for […]
City to address ‘muddy condition’ of new Sinulog Grand Parade venue
AFTER receiving several comments concerning the muddy conditions at the site where the 2023 Sinulog Festival will be held, the Cebu City Government will ask its official contractor to make improvements at the site at the South Road Properties (SRP) to ensure that the viewing experience of spectators won’t be hampered. City Councilor Phillip Zafra, […]
Gin Kings, Dragons brace for pivotal Game Three today
Game Today (MOA Arena) 5:45 p.m. — Ginebra vs Bay Area *Series tied, 1-1 WITH the benefit of a week’s worth of sharpening their swords, deadlocked duelists Barangay Ginebra and Bay Area engage today in a pivotal fight for control in the PBA Commissioner’s Cup title series. The Gin Kings and the Dragons split the […]
PSE projects market rebound after decline in 2022
BOURSE operator Philippine Stock Exchange, Inc. (PSE) expects local shares to bounce back in 2023 as it banks on the further reopening of the economy after 2022 saw the main index drop by 7.8%. “We are optimistic that the stock market can bounce back next year as the global economy continues to open up and […]
Kai Sotto makes third straight start for Adelaide
AFTER earning his stripes, Kai Sotto continued to shine as a starter for the streaking Adelaide 36ers. Tapped to start at center for the third game in a row, the Filipino did not disappoint and proved his worth en route to helping Adelaide win in as many games in the Australian National Basketball League (NBL). […]
SunStar Eye: A year after Odette, Cebuanos make a Christmas ‘comeback’
IT HAS been more than a year since Super Typhoon Odette (Rai) struck Cebu. When Odette hit Cebu on Dec. 16, 2021, Cebuanos from different walks of life had to forgo the yearly Christmas celebration to focus on looking for water, fuel, a way to communicate, and rebuilding their damaged homes, offices and lives. One […]
Tokyo makes solar panels mandatory for new homes to be built after 2025
TOKYO — All new houses in Tokyo built by large-scale homebuilders after April 2025 must install solar power panels to cut household carbon emissions, according to a new regulation passed by the Japanese capital’s local assembly on Thursday. The mandate, the first of its kind for a Japanese municipality, requires about 50 major builders to […]
PSEi up on lower US inflation, before BSP meeting
LOCAL shares closed higher on Wednesday on lower-than-expected US inflation in November ahead of more economic data releases. The benchmark Philippine Stock Exchange index (PSEi) climbed by 32.69 points or 0.49% to close at 6,615.07 on Wednesday, while the broader all-shares index added 17.92 points or 0.52% to 3,449.57. “Philippine shares rose once again, propped […]
PRO 7’s drive vs. e-sabong nets 323 persons
A TOTAL of 323 persons were arrested by the Police Regional Office Central Visayas (PRO 7) with the help of members from the national support unit from December 5 to 10, 2022, as part of its continuing drive against e-sabong. PRO 7 Director Brigadier General Roderick Augustus Alba said they were able to seize P161,902 […]
Iloilo bans entry of poultry, by-products after bird flu case in neighboring Capiz
THE ILOILO provincial government has ordered a temporary ban on the entry of poultry and related products after a confirmed case of bird flu in neighboring province Capiz. “There shall be a temporary ban on the entry to the Province of all live domestic and wild birds and their products from the Province of Capiz […]
Peso up on easing oil prices
THE PESO strengthened versus the dollar on Monday after global oil prices eased, erasing all gains posted since the start of the Russia-Ukraine war. The local unit closed at P56.64 against the greenback on Monday, stronger by three centavos from its P56.67 finish on Friday, data from the Bankers Association of the Philippines showed. The […]
Bukayo Saka at the double as dynamic England hits Iran for 6
Netherlands 2-0 Senegal; USA 1-1 Wales DOHA — England got their World Cup campaign off to a flying start as they rattled in the goals past a shell-shocked Iran and cruised to an impressive 6-2 Group B victory on Monday in a timely return to form for Gareth Southgate’s side. England, semi-finalists in 2018, came […]