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CAIRO, Egypt — Egyptian President Abdel Fattah al-Sisi on Sunday proposed a two-day truce in Gaza and limited hostage exchange aimed at securing "a complete ceasefire" after more than a year of war between Israel and Hamas.
MANILA, Philippines — The Peninsula Manila kicked off the start of its spectacular Christmas season with its annual Christmas Tree Lighting Ceremony on October 25.
Ramon Monzon, the President of the PSE [PSE 175.00 ?1.2%; 415% avgVol] [link], said PSE is on pace to see only P89 billion in PSE-based fundraising, down 37% from the P141 billion achieved in FY23. This number includes three IPOs, one stock rights offering, six follow-on offerings, and seven private placements. The PSE had originally set a target of six IPOs for FY24, but it looks like it will only finish the year with four (OGP, CREC, XG, and the Top Line [TOP] IPO that will happen later this month). MB BOTTOM-LINE: One of those things is not like the other. One of those things is just not the same. I get why the PSE counts money raised through private placements as part of the total capital raised on the PSE, but this is the only type of raise in the set that isn’t sold directly to the public. The PSE probably counts it because it earns fees on these types of transactions, but I don’t consider private sales to be all that indicative of market health. Some of those private placements (half?) were just REIT sponsors puffing up the public float, and most of those sales were probably just to the usual domestic institutional suspects. What do I want to see? I want to see the apps launched with full force. I want to see more ETFs. I want to see lower fees for traders. I’m not sure how much of that change is within the PSE’s mandate. They have to play in the SEC’s playground, with the policy and regulatory tools given to it by the SEC.
MANILA, Philippines — Follow this page for updates on "Leon", the twelfth tropical cyclone to enter the Philippine area of responsibility this year. Can't view the live updates? Click here.
MANILA, Philippines — Broader and more open discussions on mental health remain a challenge in the Philippines despite the seemingly steady progression in recognizing, accepting and understanding mental illnesses, as well as the passing of the Mental Health Law in 2018 and continuous creation of succeeding legislations.
MANILA, Philippines — EU-ASEAN businesses and cooperation agencies discussed the opportunities and challenges of ASEAN’s green transition in the Partners’ Dialogue forum with the Delegation of the European Union to ASEAN.
MANILA, Philippines — Every October 31, World Savings Day serves as a vital reminder of the importance of saving money and its impact on the global economy. This year, the theme “100 years forward together: Shaping the future of responsible banking” highlights the need for a collective approach to financial stability and growth.
MEXICO CITY, Mexico —McLaren team chief Zak Brown praised the race stewards for handing Max Verstappen 20 seconds in penalties on Sunday (Monday Manila time), adding that it was "probably not enough" after the three-time world champion finished sixth in the Mexico City Grand Prix.