PHILIPPINE SHARES declined further on Tuesday on selling pressure amid expectations of faster US consumer inflation in January. The bellwether Philippine Stock Exchange index (PSEi) declined by 47.52 points or 0.69% to 6,791.24 on Tuesday, while the broader all shares index went down by 11.31 points or 0.31% to end at 3,631.65. “Selling pressure steadily […]
Tag: basis
ECB hikes rates, throws lifeline to indebted countries
FRANKFURT — The European Central Bank (ECB) raised interest rates by more than expected on Thursday as concerns about runaway inflation trumped worries about growth, even while the euro zone economy is suffering from the impact of Russia’s war in Ukraine. The ECB raised its benchmark deposit rate by 50 basis points to zero percent, […]
Stock index drops further on coronavirus worries
THE bellwether index slipped further on Thursday as rising coronavirus disease 2019 (COVID-19) cases in the country and latest balance of payments (BoP) data weighed on sentiment and ahead of meetings of key central banks. The Philippine Stock Exchange index (PSEi) went down by 18.63 points or 0.29% to close at 6,256.17 on Wednesday, while […]
EXPLAINER: BOPK’s Margot Osmeña reveals she filed election protest but withholds details. Under Comelec rules, basis must be ‘fraud, anomalies.’ In 2016, Mike Rama cited fraud, alleging he was ‘PCOSed.’ His protest against Tomas Osmeña failed as Margot’s seems not likely to succeed too.
WHAT THE PUBLIC IS TOLD. A dyLA Cebu post on Facebook Thursday, June 2, said Margarita “Margot” Osmeña, BOPK candidate for mayor in the 2022 May elections, confirmed that “yes, we filed a protest” and her lawyers “are taking care of that.”Asked in a phone interview for the basis of the protest, the former Cebu […]