Fire razes huge portion of San Fernando City, La Union public market
BAGUIO CITY — A thorough probe was launched into what caused the fire that turned the wet section of the San Fernando City, La Union public market into ashes early Thursday.
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Press Release - Statement of Senate Majority Leader Joel Villanueva on the unemployment rate for November 2023
We laud the decline of our unemployment rate to 3.6% last November 2023 from 4.2% in October, the lowest unemployment rate since 2005. The continuous improvement in our unemployment rate is a clear indication that our economy, particularly our labor sector, has fully recovered and that the policies being implemented are working. But our job's not done yet.
DA not considering SRP on rice, other farm products
Agriculture Secretary Francisco Tiu Laurel, Jr. said on Wednesday the Department of Agriculture is not considering the proposed imposition of suggested retail price (SRP) on farm products, particularly rice.
US regulators authorize first bitcoin funds on public markets
NEW YORK, United States — US securities regulators gave the green light Wednesday to a group of bitcoin exchange-traded funds, a keenly anticipated decision expected to boost the cryptocurrency.
As a new investor, how should I pick stocks to invest in?
For 99% of people who ask this question, the best answer would probably be: “You don’t.” But that’s a very unsatisfying response to give someone who has come to the market with big eyes and bigger dreams, and it’s the kind of response that starts out true but could (at some point) cease being true and constructive as the investor gains understanding and skills. The PSE is a tough market, and the past few years have been even tougher still. So tough that even pro traders like CTS Global [CTS 0.74, down 1.3%; 18% avgVol] have faced significant losses and have just parked huge chunks of cash in government bonds to wait out this “low interest” market. What gets lost in the big eyes phase of entering the market is the importance of playing defense. The goal, of course, is to build wealth over time through investing, but you don’t build wealth by just sniping a few random stocks and hoping for the best. Make no mistake: it is HARD to pick stocks that will go up, and it’s even harder to time your entrance and exit of those stocks to make a decent return, especially with some of the ridiculous spreads that we get here with non-index stocks on the PSE. My advice is not sexy or fun: slow down. Read some of the free content out there to help you understand your goals, time horizon, and risk appetite. There’s a great FAQ on the subreddit /r/phinvest that can help new investors take these first steps. I know some people who use the market like a savings device, and who just mechanically put a fixed chunk of money into their trading account each month and immediately put that into the PSE’s only ETF, First Metro Philippine Equity Exchange Traded Fund [FMETF 103.60, down 1.3%]. I know others who have a long-term view and dip cash consistently into a small basket of stocks that they think will do well over that period. There are lots of strategies, but the key here is to have some sense (even if it’s vague) of what you’re doing and why you’re doing it before you throw a huge percentage of your discretionary income at some random conglomerate with name recognition.
18,463 MT of imported rice arrive in Philippines
MANILA, Philippines — At least 18,463 metric tons of imported rice from Vietnam, Thailand and Pakistan arrived in the Philippines as of Jan. 4, according to the Bureau of Plant Industry (BPI).
EDITORIAL - Cleaning up
Across the country, clean-up drives are conducted by different national and local government agencies, often during special days related to the environment, or after a powerful typhoon sends ashore tons of garbage.
