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PSEi back at 7,800; foreign selling tagged

THE stock market fell back to the 7,800 level on Wednesday, with analyts pointing to heavy foreign selling and the absence of positive catalysts. The benchmark Philippine Stock Exchange index (PSEi) plunged 1.24 percent or 99.04 points to close at 7,889.12. The broader All Shares declined by 0.96 percent or …

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‘This is a good time to be patient’ – Powell

WASHINGTON, D.C: Despite solid growth and continuing job gains, the US economy will see inflation fall even further below the central bank’s two percent goal, at least for a time, Federal Reserve Chairman Jerome Powell said Tuesday (Wednesday in Manila). US Federal Reserve Chairman Jerome Powell. AFP PHOTO That forecast …

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PH expected to miss 2019, 2020 GDP goals

Philippine economic growth will fall below target this year and the next, one of the big three debt watchers and an economist from a multinational investment bank said on Wednesday. Workers work on iron bar posts at the MRT-7 construction site along Commonwealth Avenue in Quezon City. PHOTO BY RUY …

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OFW concerns painting PH into a corner

BEN KRITZ PHILIPPINE presidential spokespeople of the past two administrations have consistently followed a high standard for making incredulous, facepalm-worthy comments, but current Palace spokesman Salvador Panelo is really raising the bar. In a text message to reporters over the weekend, Panelo clarified President Duterte’s declaration that he would not …

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PSEi lifted

Trump statements THE stock market opened a holiday-shortened trading week by rising on Tuesday, taking its cue from the previous day’s global gains that were attributed to US President Donald Trump’s decision to delay tariff hikes on Chinese goods. The benchmark Philippine Stock Exchange index (PSEi) grew by 0.33 percent …

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Public investors lost P3.48/share in Chelsea’s 2017 IPO

Sold. Rafael dela Cruz Consing Jr. is a senior vice president, chief finance officer and compliance officer of International Container Terminal Services Inc. (ICTSI), according to the port operator’s page on the website of the Philippine Stock Exchange (PSE). In a disclosure, Consing said he had reduced the number of …

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Trump: ‘Signing summit’ with Xi ‘very, very close’

WASHINGTON, D.C.: US President Donald Trump said Monday he expected to hold a “signing summit” with China’s President Xi Jinping to seal a trade deal as discussions were in the “advanced stages.” US President Donald Trump speaks during the 2019 White House business session with governors in the State Dining …

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Govt raises P113B from RTB offering

Bureau of Treasury. PHOTO BY GERARD SEGUIA THE government raised P113 billion — more than three times the amount initially considered — as it launched its latest retail treasury bond (RTB) offering. The Bureau of the Treasury (BTr), which last week announced an issue size of P30 billion, on Tuesday …

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Online is the new tradition

Modernizing the classroom setting LAPTOPS, headsets, good internet connection, bright smiles and an even brighter attitude—these have become new teaching materials that replace books, notebooks and other paper-bound supplies for teachers, bringing the classroom experience into the online sphere. Taught through a screen, English as a Second Language (ESL) companies …

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SSS to set aside P75B for offshore investments – Dooc

The state-run Social Security System (SSS) is looking to diversify its investments following President Rodrigo Duterte’s approval of changes to the pension fund’s charter. SSS President and Chief Executive Officer Emmanuel Dooc “The asset allocation for foreign investments has been doubled from 7.5 percent to 15 percent under the amended …

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