The STAR Cover (September 25, 2023)
The STAR Cover (September 25, 2023)
Cover latest news
Knights begin four-peat quest versus Bombers
MANILA, Philippines — Four teams – one seeking to continue its dynastic reign, another tired of being a two-time bridesmaid, a third out to bury its dark past and the last hoping to hit it big this time – open NCAA Season 99 basketball today in a pair of titanic showdowns at the MOA Arena.
New diabetes drug better for weight loss than Ozempic — research
PARIS, France — A new diabetes drug leads to more weight loss and lower blood sugar than its blockbuster rival semaglutide, also known as Ozempic, a review of research said on Saturday.
Phivolcs remains on alert as vog clears over Taal Volcano
MANILA, Philippines — The thick volcanic smog or "vog" covering Taal Volcano in Batangas for days cleared on Saturday morning, but Phivolcs warned that the volcano's threat persists.
Sophie Turner sues ex Joe Jonas over 'wrongful retention' of their kids
MANILA, Philippines — "Game of Thrones" star Sophie Turner has filed a lawsuit against Joe Jonas, demanding that their two young children return to England.
Mixed reactions from investors about the off-cycle deletion of AP and MPI from the PSEi
As I covered in yesterday’s post [link], the PSE decided to remove Aboitiz Power [AP 30.00, down 2.4%; 1465% avgVol] and Metro Pacific [MPI 5.10, down 0.2%; 1% avgVol] from the PSEi in an off-cycle rebalancing, effective September 26. While AP’s recent activity had brought its public float below the minimum required for PSEi inclusion, and while MPI is scheduled to obliterate its public float through a successful tender offer and delisting, it seems as though this quick action by the PSE has caught some investors and professional analysts off-guard. Some thought that the PSE would only make changes during its semi-annual review periods (February and August), and would wait to remove and replace these stocks in February. Those traders and analysts were operating under the belief that the PSE would give AP time to cure the self-inflicted public float problem in time for the February review to retain inclusion in the PSE. Other reactions focused on the premature removal of MPI, that it was targeted for removal despite still being open for public trading.
Volcanic smog detected in Taal, health advisory issued
MANILA, Philippines (Updated 9:47 a.m.) — The Philippine Institute of Volcanology and Seismology (Phivolcs) issued a warning on Friday as it monitored the presence of volcanic smog or vog at Taal Volcano in Batangas, causing concerns about potential health risks and harm to the environment.