LOCAL police in Dalaguete town, Cebu arrested a 42-year-old man for allegedly raping his seven-year-old niece on Monday, April 18, 2022.Rodrigo (not his real name), a resident of Barangay Balud in the same town, was arrested based on a complaint filed by the mother of the victim, Niña (not her real name).Niña’s mother claimed she […]
Tag: monday
‘Agaton’ kills 20, causes 13,000 to flee in Vismin
AT LEAST 20 people have been killed following landslides in Baybay City, Leyte amid incessant and heavy rains brought by tropical cyclone “Agaton.”Jeko Guevarra of the Baybay City Emergency Rescue Unit (BERU) confirmed past 5 p.m. Monday, April 11, 2022 that landslides had occurred in 10 barangays and that 20 people had been killed.Some of […]
Will Smith apologizes to Chris Rock for slap, academy weighs action
LOS ANGELES — Will Smith apologized to Chris Rock on Monday for slapping the comedian at Sunday night’s Oscars ceremony, issuing a statement after the film academy said it might take action against Mr. Smith for an incident that overshadowed the industry’s top awards. Mr. Smith, in a post on Instagram, said his behavior at […]
BSP raises P130B from offering of 28-day bills
THE BANGKO Sentral ng Pilipinas (BSP) raised P130 billion as planned via its offer of short-term bills on Monday, even as accepted rates rose amid concerns over Russia’s invasion of Ukraine and its impact on oil prices. The BSP’s 28-day securities were oversubscribed as the offer fetched bids amounting to P135.4 billion. However, this was […]
Rates of T-bills, bonds may rise as oil prices climb due to crisis
RATES of government securities may increase this week on rising oil prices amid concerns over global supply disruptions after Russia attacked Ukraine. The Bureau of the Treasury (BTr) will offer P15 billion in Treasury bills (T-bills) on Monday, or P5 billion each in 91-, 182- and 364-day securities. On Tuesday, it will auction off P35 […]
Peso weakens vs dollar on balance of payment deficit
THE PESO depreciated versus the greenback on Tuesday as the country’s balance of payment (BoP) posted a deficit. The local unit closed at P49.95 per dollar on Tuesday, shedding two centavos from its P49.93 close on Monday, based on data from the Bankers Association of the Philippines. The peso opened Tuesday’s session at P49.88 a […]
Stocks drop on typhoon damage, Omicron fears
STOCKS dropped on Monday as investors assess the damage caused by Typhoon Odette, which may affect economic growth, and amid the spread of the Omicron variant. The 30-member Philippine Stock Exchange index (PSEi) fell 60.05 points or 0.82% to close at 7,237.61 on Monday, while the broader all shares index went down by 23.21 points or 0.60% […]
Peso climbs vs dollar on remittances
The peso strengthened against the dollar on Monday as remittances enter the country amid the holiday season and following the destruction caused by Typhoon Odette. The peso closed at P49.93 per dollar on Monday, gaining nine centavos versus its P50.02 finish on Friday, data from the Bankers Association of the Philippines showed. The local unit […]
Malaysian manufacturers fear heavy losses from floods
KUALA LUMPUR — Malaysia’s manufacturers association said on Monday that floods which cut off roads and led to mass evacuations over the weekend have likely resulted in heavy losses for firms in the affected areas. Soh Thian Lai, president of the Federation of Malaysian Manufacturers, said damage to property, other assets and products, as well as production disruption impacted industries in Shah Alam […]
Peso rises vs dollar on eased restrictions, findings on Pfizer’s COVID-19 treatment
THE PESO continued to strengthen versus the greenback on Monday on developments of a treatment for the coronavirus disease 2019 (COVID-19) and the relaxation of mobility restrictions in Metro Manila. The local unit ended trading at P50.16 per dollar on Monday, appreciating by 17 centavos from its P50.33 close on Friday, data from the Bankers […]
Peso drops vs the dollar on weaker-than-expected China GDP growth
THE PESO weakened versus the greenback on Monday due to cautious sentiment as China’s growth came in slower than expected. The local unit closed at P50.84 per dollar on Monday, weaker by 12.9 centavos from its P50.711 finish on Friday, based on data from the Bankers Association of the Philippines. The peso opened Monday’s session […]
Peso drops vs dollar as oil prices climb
THE PESO weakened against the dollar on Monday as rising oil prices fueled inflation fears. — BW FILE PHOTO THE PESO weakened on Monday due to investor preference for the safe-haven dollar on inflation concerns as oil prices climbed further. The local unit closed at P50.80 per dollar on Monday, depreciating by 22 centavos from […]
PSEi surges to 7,100 level on improved sentiment
THE main index surged to the 7,100 level on Monday on optimism about the economy’s prospects on the back of the improving coronavirus disease 2019 (COVID-19) situation in the country. The Philippine Stock Exchange index (PSEi) gained 217.15 points or 3.14% to close at 7,124.01 on Monday, while the broader all shares index climbed 85.38 […]
Journalists Maria Ressa, Dmitry Muratov win 2021 Nobel Peace Prize
THE Nobel Peace Prize has been awarded to journalists Maria Ressa of the Philippines and Dmitry Muratov of Russia. They were cited for their fight for freedom of expression. The winners were announced Friday, Oct. 8, 2021, by Berit Reiss-Andersen, chair of the Norwegian Nobel Committee. The 2021 Nobel Peace Prize is an award intended […]
PSEi rises on vaccine arrivals, lower infections
SHARES climbed on Monday on the arrival of more coronavirus disease 2019 (COVID-19) vaccine doses over the weekend and as the country continued to report lower infections. The benchmark Philippine Stock Exchange index (PSEi) went up by 37.29 points or 0.53% to close at 6,960.89 on Monday, while the broader all shares index gained 21.68 […]
Peso strengthens as dollar takes hit from US debt ceiling impasse
THE PESO appreciated on Monday as the debate on the proposed US debt ceiling dragged on, affecting the dollar. The local unit closed at P50.70 per dollar on Monday, gaining nine centavos from its P50.79 on Friday, based on the Bankers Association of the Philippines’ data. The peso opened Monday’s session at P50.74 versus the […]
Peso sinks to P50:$1 level ahead of Fed meet
THE PESO weakened on Monday due to safe-haven demand for the dollar ahead of the US Federal Reserve’s policy review this week. The peso closed at P50.24 per dollar on Monday, shedding 29 centavos from its P49.95 finish on Friday, based on data from the Bankers Association of the Philippines. This was the peso’s weakest […]
Shares drop ahead of Fed, BSP policy meetings
PHILIPPINE shares opened the week in the red on cautious trading due to the lack of positive catalysts and ahead of central bank meetings here and abroad. The Philippine Stock Exchange index (PSEi) lost 54.95 points or 0.79% to close at 6,857.90 on Monday, while the all shares index shed 29.51 points or 0.68% to […]
Peso retreats on higher oil prices
THE PESO dropped versus the dollar due to higher oil prices. — BW FILE PHOTO THE PESO weakened versus the greenback on Monday due to cautious sentiment amid higher oil prices and faster US producer inflation. The local closed at P49.975 per dollar on Monday, shedding 11 centavos from its P49.865 finish on Friday, based […]
PSEi drops as PAL files for bankruptcy in the US
SHARES declined on Monday on profit taking and as Philippine Airlines, Inc. (PAL) filed for bankruptcy protection in the United States. The Philippine Stock Exchange index (PSEi) went down by 20.03 points or 0.29% to close at 6,877.10 on Monday, while the all shares index shed 5.96 points or 0.14% to 4,255.73. “Market went on […]