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Metro Manila (CNN Philippines, September 22) —The Philippines conducted another joint sail in the West Philippine Sea, this time with Canada, as Manila faces a new issue with Beijing involving damaged reefs.
MANILA, Philippines — It will be a rainy weekend over parts of the country due to a low-pressure area (LPA) monitored off Quezon.
MANILA, Philippines — Smog blanketing Metro Manila on Friday is due to air pollution from heavy vehicular traffic and not the volcanic smog emitted by Taal, government agencies said.
Metro Manila (CNN Philippines, September 21) – Out of 117 state universities and colleges (SUCs) in the Philippines, 30 saw budget cuts in the 2024 National Expenditure Program (NEP) despite an increase in the number of students enrolled.
Metro Manila (CNN Philippines, September 22) — Martial law survivor Maria Cristina Rodriguez said Rappler CEO Maria Ressa «spoke too early» regarding the culture of fear felt under the Marcos Jr. administration.
Metro Manila (CNN Philippines, September 22) — The Philippines ranked 60th out of 64 countries in an annual world talent ranking, falling six places from last year, a report by the Institute for Management Development (IMD) World Talent Ranking showed.
Metro Manila (CNN Philippines, September 22) — Vice President and Education Secretary Sara Duterte is hoping for more areas of cooperation between the Philippines and China, especially in the field of education and youth development.
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.