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HONG KONG, China — Asian investors trod cautiously Monday as they struggled to build on recent equity gains, with debate swirling around how big an expected US interest rate cut will be this week, while sentiment was being dragged by worries about the Chinese economy.
MANILA, Philippines — The Department of Social Welfare and Development (DSWD) on Monday, September 16 found itself defending a program that it did not request.
The PSEi gained 1.15% yesterday to close at 7,025 [link] and finish the day in the 7000s for the first time since Feb. 6, 2023. The pump was broadly based, with all industry groups finishing in the green, led by Property (+1.4%), Services (+1.3%), and Holding Companies (+1.2%). Foreign players were net buyers for the 9th consecutive trading day; foreign buyers have outpaced foreign sellers on 24 of the past 25 trading days stretching back to July 29. In that time, foreign investors have added P11.2 billion in investments in PSE companies.
HONG KONG, China — A surge in tech firms Thursday helped Asian markets track a Wall Street rally after data showed US inflation at a more than three-year low, reinforcing expectations the Federal Reserve will cut interest rates next week.
Having dispatched his pesky Vice President (you know her) and the Department of the Interior and Local Government (DILG) Secretary BenHur Abalos and the Philippine National Police having executed the stunning arrest of two of the country’s most notorious fugitives, Alice Guo (who former PNP chief Panfilo Lacson says is a non-Filipino and a Chinese spy) and pastor Apollo Quiboloy (the son of god, of course), President Ferdinand R. Marcos Jr. is back focusing on this old love – agriculture.
THE economy is on track to grow near potential, the Bangko Sentral ng Pilipinas (BSP) said, and growth is now expected to hit the 6.0- to 7.0-percent target this year.
Senate President Chiz Escudero called on the Philippine Health Insurance Corporation (PhilHealth) to rethink what it means to be indigent when it comes to the health requirements of Filipinos.
WASHINGTON, United States — US presidential hopefuls Kamala Harris and Donald Trump clashed on China and economic issues Tuesday, with the Democratic candidate saying he "sold us out" on China while the former president declared "they've destroyed the economy."