CEBU FC beefed up its roster for the second half of the Philippines Football League (PFL) season after bringing in some new foreign players. With the departure of prolific Turkish strimer Arda Cinkir, Cebu FC immediately filled the void by signing two foreign strikers to help on offense—Canadian Leaford Allen and Japanese Rintaro Hama. The […]
Tag: points
Stocks drop on selling pressure ahead of US CPI
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 […]
Shares drop in cautious trade before BSP, US CPI
STOCKS declined on Monday as investors remained cautious ahead of the Bangko Sentral ng Pilipinas’ (BSP) policy meeting and the release of US inflation data this week. The benchmark Philippine Stock Exchange index (PSEi) went down by 38.03 points or 0.55% to close at 6,838.76 on Monday, while the broader all shares index shed 10.21 […]
Shares drop on profit taking, rate hike worries
LOCAL STOCKS declined on Thursday on profit taking and fears that the central bank will deliver a big rate hike next week following faster-than-expected inflation in January. The benchmark Philippine Stock Exchange index (PSEi) went down by 80.29 points or 1.16% to close at 6,842.79 on Thursday, while the broader all shares index dropped by […]
PSEi tracks US shares’ rise on Powell comments
PHILIPPINE SHARES rebounded on Wednesday, following Wall Street’s rise amid hawkish statements from the US Federal Reserve chair. The 30-member Philippine Stock Exchange index (PSEi) went up by 41.82 points or 0.6% to close at 6,923.08 on Wednesday, while the broader all shares index added 19.26 points or 0.52% to end at 3,675.01. “Investors turned […]
NusaTrip/Society Pass Inc. (SOPA) Becomes Indonesia’s Fast Train Preferred Online Ticket Sales Partner
JAKARTA, Feb 8, 2023 – (ACN Newswire via SEAPRWire.com) – NusaTrip, Indonesia’s first IATA-certified online travel agency (OTA) and the travel vertical of Society Pass Incorporated (Nasdaq:SOPA), formally announces the signing of a Memorandum of Understanding (MoU) with PT. Kereta Cepat Indonesia-China (KCIC) as a preferred online ticket sales partner for Kereta Cepat Jakarta-Bandung (KCJB), […]
Shares fall on faster-than-expected Jan. inflation
STOCKS continued to decline on Tuesday on faster-than-expected January inflation that fueled expectations of another big rate hike by the Bangko Sentral ng Pilipinas (BSP). The benchmark Philippine Stock Exchange index (PSEi) went down by 55.35 points or 0.79% to close at 6,881.26 on Tuesday, while the broader all shares index dropped by 18.93 points […]
NEA wants finances to play bigger role in power cooperative ratings
THE National Electrification Administration (NEA) said it is seeking to amend the classification system for electric cooperatives (ECs) to better reflect their technical and financial capacity. “I want (the categories to reflect) the true state of operations both on the technical and financial management aspects,” Antonio Mariano C. Almeda, NEA administrator, said in a briefing […]
PSE index falls on profit taking after Fed meeting
THE MAIN INDEX closed below the 7,000 level on Thursday on profit taking after surging the day prior and as the US Federal Reserve raised rates by 25 basis points (bps) at its policy meeting this week. The bellwether Philippine Stock Exchange index (PSEi) went down by 49.57 points or 0.7% to close at 6,986.19 […]
PSEi tracks Wall Street’s rise before Fed decision
PHILIPPINE STOCKS rebounded on Wednesday, tracking Wall Street’s climb ahead of the US Federal Reserve’s policy decision and despite continued worries over elevated inflation that could slow down consumer spending. The benchmark Philippine Stock Exchange index (PSEi) surged by 242.51 points or 3.57% to close at 7,035.76 on Wednesday, while the broader all shares index […]
Shares decline as market awaits Fed, US data
STOCKS dropped on Monday amid a lack of catalysts as investors await the US Federal Reserve’s policy decision and economic data releases. The benchmark Philippine Stock Exchange index (PSEi) went down by 81.19 points or 1.15% to close at 6,970.97 on Monday, while the broader all shares index lost 37.67 points or 1.01% to end […]
34% of Filipinos say their quality of life improved from a year ago
MORE THAN 30% of adult Filipinos said their quality of life had improved from a year ago, according to the Social Weather Station’s (SWS) 4th quarter 2022 survey. Citing its Dec. 10-14 survey released on Wednesday, SWS said 34% of adult Filipinos believed their life was better than twelve months before while 26% said it […]
Stocks decline on profit taking ahead of Q4 GDP
SHARES closed lower on Tuesday due to profit taking as investors await the release of the full-year 2022 gross domestic product (GDP) data this week. The benchmark Philippine Stock Exchange index (PSEi) went down by 28.18 points or 0.39% to close at 7,041.50 on Tuesday, while the broader all shares index lost 4.77 points or […]
PHL shares climb ahead of key economic reports
PHILIPPINE STOCKS finished higher on Monday despite being in the red for most of the session due to profit taking ahead of the release of key economic data. The bellwether Philippine Stock Exchange index (PSEi) went up by 13.06 points or 0.18% to close at 7,069.68 on Monday, while the broader all shares index added […]
Shares decline on recession fears, profit taking
SHARES dropped on Thursday on profit taking as sentiment was dampened by recession fears and Wall Street’s decline. The benchmark Philippine Stock Exchange index (PSEi) went down by 32.85 points or 0.46% to close at 7,062.01 on Thursday, while the broader all shares index inched down by 5.83 points or 0.15% to end at 3,686.68. […]
Philippine stocks climb on upbeat economic view
PHILIPPINE STOCKS posted gains on Wednesday on positive market sentiment after the Finance chief said economic growth is expected to remain robust this year. The bellwether Philippine Stock Exchange index (PSEi) went up by 80.82 points or 1.15% to close at 7,094.86 on Wednesday, while the broader all shares index added 34.59 points or 0.94% […]
Stocks drop on profit taking after Monday rally
PHILIPPINE STOCKS closed lower on Tuesday on profit taking after the main index hit the 7,000 level for the first time since April 2022 on Monday and ahead of the resumption of trading on Wall Street. The benchmark Philippine Stock Exchange index (PSEi) went down by 31.44 points or 0.44% to close at 7,014.04 on […]
Dallas Cowboys kicker Brett Maher’s 4 straight missed PATs make history
NOT everyone on the Dallas sideline was enjoying the Cowboys’ dominant start to the playoffs Monday night. After the Cowboys and the host Tampa Bay Buccaneers traded punts in each of the first four drives to start their NFC wild-card game, the Cowboys scored touchdowns on each of their next four possessions. But each drive […]
Society Pass, Inc. (SOPA) / NusaTrip Expands Services to Philippines
SINGAPORE, Jan 17, 2023 – (ACN Newswire via SEAPRWire.com) – NusaTrip, Indonesia’s first IATA-certified online travel agency (OTA) and the travel vertical of Society Pass Incorporated (Nasdaq:SOPA), today formally announces the opening of its second Southeast Asia (SEA) regional office in Philippines. The market for Filipino tourists and foreign workers is sizable. According to the […]
PSEi surges to 7,000 level on Fed policy hopes
PHILIPPINE SHARES climbed on Monday amid Wall Street’s rise last week and a stronger peso amid expectations of smaller rate hikes from the US Federal Reserve. The 30-member Philippine Stock Exchange index (PSEi) went up by 93.94 points or 1.35% to 7,045.48 on Monday, while the broader all shares index rose by 37.53 points or […]