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MANILA, Philippines — A number of K-pop fans are calling out several luxury fashion labels for failing to commit to their sustainability promises and hiding behind the star power of Korean artists they have tapped as ambassadors.
“Ber” months na naman!! Kaliwa’t kanan na naman ang pagsasalu-salo at Christmas parties kung saan paboritong inihahain ang lechon, crispy pata, sisig, at pritong manok! Siyempre, hindi kumpleto ang kasayahan kung wala ang mga putaheng ito! Pero isang paalala lamang: bantayan ang iyong cholesterol level!
HANGZHOU – Team Philippines’ ambitious gold medal forecast for the 19th Asian Games remained the same: minimum of four. That’s what Philippine Olympic Committee (POC) president Abraham “Bambol” Tolentino issued Friday on the eve of the highly awaited opening ceremony for the biggest Asian Games ever.
MANILA, Philippines — A barangay councilman was arrested in a drug sting in Pitogo, Quezon on Thursday.
The Nobel Prize-winning journalist Maria Ressa on Tuesday was acquitted by a Philippine court of tax fraud, the latest legal victory in her fight for the survival of her news site Rappler, which has come to represent the precariousness of the nation’s press freedoms.
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.
MANILA, Philippines — Understanding the Filipinos’ need for investment options with potential monthly dividend payouts, Sun Life Asset Management Company Inc. (SLAMCI) has launched a new fund called Sun Life Prosperity World Income Fund (SLP WIF).
The Bangko Sentral ng Pilipinas (BSP) [link] announced yesterday, after the market close, that it would hold interest rates steady for September. This followed the overnight decision of the US Federal Reserve to do the same. The BSP’s Governor, Eli Remolona, said that the latest BSP projections “show a slightly higher inflation path”, but that inflation is still projected by the BSP to “revert to the 2 to 4 percent target range by Q4 2023”. Mr. Remolona qualified this projection, saying that the stated timeline applies “in the absence of further supply-side shocks.” While the BSP Governor said that any rate cuts are “off the table” for this year, he could not say the same for further rate hikes coming as soon as the Monetary Board’s next meeting in November.