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UP. The local bourse's main index recovered on Wednesday (March 1, 2023) despite the decline of its United States counterparts, ending days of slide caused by concerns on inflation and the path of Federal Reserve tightening moves. The peso rose anew against the US dollar due in part to the PSEi's rise and the better-than-expected budget gap of the government for 2022. (PNA graphics) MANILA - The local bourse recovered on Wednesday despite the negative close of United States equities while the peso sustained its gain against the US dollar. After several days of decline, the Philippine Stock Exchange index (PSEi) rose by 0.78 percent, or 50.93 points, to 6,607.13 points. All Shares followed with a rise of 0.35 percent, or 12.19 points, to 3,539.36 points. Most of the sectoral gauges also increased during the day, led by Holding Firms after it inched up by 2.45 percent. It was trailed by Property, 1.25 percent; Mining and Oil, 0.39 percent; and Services, 0.07 percent. On the other ....
UP. The local bourse's main index recovered on Wednesday (March 1, 2023) despite the decline of its United States counterparts, ending days of slide caused by concerns on inflation and the path of Federal Reserve tightening moves. The peso rose anew against the US dollar due in part to the PSEi's rise and the better-than-expected budget gap of the government for 2022. (PNA graphics) MANILA - The local bourse recovered on Wednesday despite the negative close of United States equities while the peso sustained its gain against the US dollar. After several days of decline, the Philippine Stock Exchange index (PSEi) rose by 0.78 percent, or 50.93 points, to 6,607.13 points. All Shares followed with a rise of 0.35 percent, or 12.19 points, to 3,539.36 points. Most of the sectoral gauges also increased during the day, led by Holding Firms after it inched up by 2.45 percent. It was trailed by Property, 1.25 percent; Mining and Oil, 0.39 percent; and Services, 0.07 percent. On the other ....
'BUKLOD'. Several Filipino artists showcase their abstract masterpieces for the "Buklod" art exhibit in ARTablado starting on Saturday (Feb. 4, 2023). Buklod theme implies unity or alliance among diverse Filipino artists. (Photo courtesy of Meyo de Jesus) MANILA - Trying times may be discouraging for many, but for several artists, expression of art cannot be simply muzzled by the pressing struggles faced by Filipinos. Just like the 11 artists who will showcase their promising abstract masterpieces starting on Saturday in ARTablado in Robinsons Galleria. In this year's exhibit theme "Buklod," which may be interpreted as "unity or alliance" among the artists, abstract artworks will be made available for public viewing until Feb. 15. Meyo de Jesus, 52, one of the abstract artists, shared how he was able to form an art out of man's circumstances in life. LOOK, I SIT, YOU STAND.This is one of theseveral abstract entries of Meyo de Jesus, titled ....
Sugar stacked in supermarket shelves. (PNA photo) MANILA - The Sugar Regulatory Administration (SRA) said Wednesday it has drafted its import recommendation of an estimated 450,000 metric tons of sugar. In a radio interview, SRA Board Member Pablo Luiz Azcona said they are continuously collaborating with stakeholders to discuss the suggested import plan. "We already drafted our recommendations to Malacanang, and then we are just awaiting instructions of the Malacanang if our suggestions or recommendations are okay," he said in mixed English and Filipino. ".An importation of around 450,000 (metric tons), 'yun yung estimate. But 'yung importation na 'yun includes 'yung gusto ni presidente na may buffer (that's the estimate. But the importation includes what President [Ferdinand R. Marcos Jr]) wants, including the buffer [stock])," he added. Azcona noted that this target import volume would be opened even for domestic or retail use. "Kasi pro-f ....
RATE RISES. The average rates of the term deposit facility (TDF) rose on Wednesday (Sept. 14, 2022). Bangko Sentral ng Pilipinas Deputy Governor Francisco Dakila Jr. traced this to expectations for another hike in the central bank's rate during the meeting of the policy-making Monetary Board on Sept. 22. (Photo courtesy of the BSP) MANILA - The rate of the Bangko Sentral ng Pilipinas' (BSP) term deposit facility (TDF) rose anew on Wednesday in line with the path of domestic interest rates. Data released by the central bank showed that the average rate of the seven-day facility increased to 3.8543 percent and the 14-day facility's to 3.9577 percent. These were at 3.8357 percent for the seven-day facility and 3.8465 percent for the two-week TDF during the auction last Sept. 7. The BSP hiked the offer volume for both tenors by PHP20 billion each to PHP140 billion for the shorter-dated facility and to PHP100 billion for the longer-tenor. Tenders for the seven-day TDF reached PH ....