Stocks slump after disappointing US jobs data
NEW YORK, United States — Global stock markets slumped Friday and oil prices tumbled following weaker than expected US jobs growth that pointed to a slowing economy.
Markets latest news
P1 fuel price cut set next week
MANILA, Philippines — Motorists can breathe a sigh of relief next week as domestic pump prices are expected to go down by at least P1 per liter.
PAOCC wants middlemen removed in SIM card sale
MANILA, Philippines — The Presidential Anti-Organized Crime Commission (PAOCC) is pushing to remove middlemen SIM card sellers to prevent scammers from using fake identities when registering subscriber identity modules.
Gilas jersey, FIBA teams included in NBA 2K25
MANILA, Philippines – Filipino hoops fans are in for a treat as the newly released NBA 2K25 game will have Gilas Pilipinas jerseys ready to use in gameplay, as announced during the game’s launch at the NBA Store at SM Mall of Asia on Friday.
Modern farming, fishery eyed in Mt. Province
BAGUIO CITY— Mountain Province is eyeing to modernize its farming and fisheries industry.
2.38 million Filipinos jobless in July — PSA
MANILA, Philippines — The number of unemployed Filipinos surged to 2.38 million in July 2024 from 1.62 million in June 2024, the Philippine Statistics Authority (PSA) on said Friday, September 6.
Complaint filed vs 12 in onion ‘cartel’
MANILA, Philippines — The Philippine Competition Commission (PCC) has filed charges against 12 vegetable traders for engaging in anti-competitive agreements in the supply of imported onions.
Meralco acquires additional 11.6% of SPNEC to gain control
Meralco [MER 402.80, down 1.3%; 65% avgVol] [link] subsidiary, Meralco PowerGen Corp. (MGen), signed a deal to acquire an additional 5.8 billion shares of SP New Energy [SPNEC 1.29, up 1.6%; 265% avgVol] from Leandro Leviste’s Solar Philippines Power Project Holdings (SPPPH) for P7.5 billion (~P1.29/share). Once completed, the transaction will give MGen a 50.5% stake in SPNEC. This will allow MGen and MER to integrate SPNEC’s financial statements. This transaction will reduce SPPPH’s stake in SPNEC to 29.4%. SPNEC’s share price is up 25% over the past month and up 17% over the past week. Meralco [MER 402.80, down 1.3%; 65% avgVol] [link] subsidiary, Meralco PowerGen Corp. (MGen), signed a deal to acquire an additional 5.8 billion shares of SP New Energy [SPNEC 1.29, up 1.6%; 265% avgVol] from Leandro Leviste’s Solar Philippines Power Project Holdings (SPPPH) for P7.5 billion (~P1.29/share).