Vargas forecast stays: 2 golds
PARIS — Association of Boxing Alliances in the Philippines chairman Ricky Vargas is sticking with his prediction that the Philippines can punch the breakthrough golden feat in the 2024 Olympics.
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Petecio on verge of guaranteed bronze, edges French foe to enter quarters
MANILA, Philippines -- Nesthy Petecio is one win away from bagging the Philippines’ first medal in the Paris Olympics after defeating France’s Amina Zidani in their women's 57kg round of 16 clash early Saturday morning (Manila time).
DPWH chief: There is flood control master plan
MANILA, Philippines — There is a flood control master plan, Public Works Secretary Manuel Bonoan clarified yesterday, although project implementation has been delayed for various reasons.
US recession fears hit PSEi; peso gains
A LIKELY Federal Reserve (Fed) rate cut in September helped lift the peso higher on Friday but fears of a US recession weighed on the stock market, which closed out the week on a down note.
Tesda body to help students learn more
TECHNICAL and vocational students will learn much about the competencies they need with the creation of a body, in collaboration with industry stakeholders, the Technical Education and Skills Development Authority (Tesda) said Friday.
SPNEC set mid-August deadline for Terra Solar offers
SP New Energy [SPNEC 1.03, up 3.0%; 90% avgVol] [link] clarified a news report that SPNEC was looking to “secure foreign investments for its P200-billion Terra Solar development as early as October this year.” The PSE asked SPNEC to clarify the information and timeline. SPNEC confirmed that it is “committed to finalize a deal with a Strategic Investor... in 2024”, but clarified that its deadline for receiving binding offers is “set in mid-August” and that SPNEC board approval of moving forward with a particular offer “will likely be in September.” SPNEC is led by Manny V. Pangilinan (MVP) and owned by Meralco [MER 390.00 unch; 47% avgVol]. The company is looking to sell up to 40% of its massive Terra Solar project to finance that project’s development after the company’s previous owner, Leandro Leviste, failed to maintain a partnership with Enrique Razon and failed to find an alternative funding source.
'Proud' Murray bows out of tennis with Paris Olympics defeat
PARIS, France — Andy Murray said he was retiring "on my terms" as his trophy-filled career came to an emotional end at the Paris Olympics on Thursday (Friday, Manila time), closing another chapter on tennis's golden generation.
US Federal Reserve holds steady but signals September pivot more likely
The US Federal Reserve (the “Fed”) [link] elected to leave interest rates unchanged yesterday, but remarked through its chairman that the decision to pivot and apply the central bank’s first rate cut “could be on the table in the September meeting.” Fed Chairman Jerome Powell said that the US job market is in a “good place” and that he would “not like to see material further cooling to the job market”. Mr. Powell said that the Fed was on-trend for a “soft landing”, which is an outcome where inflation is brought back down into the 2% maximum band without triggering a recession.