Giant clams worth P8.1M recovered in Palawan
MANILA, Philippines — Authorities have seized fossilized giant clams, locally known as “taklobo,” worth an estimated P8.1 million in Balabac, Palawan, the Philippine Coast Guard (PCG) said Monday.
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So can people do short-selling or not?
Great question. A BusinessWorld article on Monday of last week titled, “PSE: Short selling progress hinges on market recovery” [link], started a great deal of discussion online, and prompted a flurry of emails and DMs from traders and investors all asking variants of the same question: Can we short-sell yet? Let’s talk about it. > First, the article: BusinessWorld started by noting the “slow progress” of the PSE’s “short selling product”, and quoted PSE President Ramon Monzon as saying that he’s “not worried”, adding that “as long as the short selling capability is there, that is the most important thing.” Mr. Monzon went on to say that short selling was “really to target the foreign investors so that when the emerging market or the Philippine economy loses favor, instead of selling out, they can hedge.” As for why there have been zero short trades since the product was launched three months ago, Mr.
P1.36 million shabu seized in Taguig
MANILA, Philippines — Anti-narcotics police officers arrested two drug suspects and seized 200 grams of methamphetamine hydrochloride or shabu valued at P1.36 million during a sting in Taguig City on Friday night.
Off shoeboxes and plastic containers: Remembering the Filipino ‘teks’
Tsub, tsa, tagilid, akin—are words spoken by a generation of Filipino children at some point in their lives. In that one line, some readers may have already dusted off the old plastic containers which housed these once vibrant pieces of small cards called ‘teks’, a card game played by Pinoy kids.
Oil price hike expected on February 20
MANILA, Philippines — After last week’s price rollback, another oil price hike is expected to be implemented by oil firms next week.
Bitcoin breaks $50,000 for first time since 2021
HONG KONG, China — Bitcoin spiked above $50,000 Tuesday for the first time in more than two years as investors grow optimistic that US approval of broader trading in the unit will ramp up demand.
Roxas Holdings suspended for reporting failure
The PSE suspended Roxas Holdings [ROX suspended] [link] for its continued failure to submit its Annual Report for its fiscal year ending Sept. 30, 2023. ROX requested a deadline extension back on January 12, and said that it would “undertake to submit the report within 15 days of the original deadline”, which was January 15. When ROX failed to comply with its own requested amended deadline of January 30, the PSE sent notice to ROX on February 8 that it would be suspended if it did not submit its Annual Report by February 15. When ROX failed to submit an Annual Report before the start of trading yesterday, the PSE suspended the company for failure to comply with the Structured Reportorial Requirements of the exchange.
NBA fines Clippers forward Tucker for public trade demand
NEW YORK – Los Angeles Clippers forward P.J. Tucker was fined $75,000 by the NBA on Thursday (Friday Manila time) for making public comments earlier this month about wanting to be traded to another team.