Philippine equities held their footing above the 6,000 level as caution continued to dominate trading, with analysts balancing global headwinds against pockets of domestic resilience.
Philippine equities continue to show underlying strength despite the PSEi’s recent mild pullback, which analysts view as a natural bout of profit-taking after a sharp advance.
The benchmark Philippine Stock Exchange index (PSEi) could hit 7,800 points within the year as most of its 30-members have forecast earnings exceeding pre-pandemic levels.
The Tourism Promotions Board (TPB) Philippines has partnered with the Primer Group of Companies to launch "The Philippines by Foot," a new initiative positioning the country as a top destination for walking and mindful travel.
A massive shipment of imported onions left abandoned at the Manila International Container Port (MICP) is now set for disposal after laboratory tests confirmed the cargo poses health risks, intensifying government action against deteriorating perishable imports clogging port facilities.
Once a vital source of food and livelihood for communities in Malapatan, Sarangani, the Sapu Masla River had deteriorated due to poor waste management and slash-and-burn farming practices. Uncontrolled soil erosion from deforested uplands carried silt downstream, turning waters murky, increasing flood risks, and threatening local livelihoods.
The Manila Electric Company (Meralco), led by Manuel V. Pangilinan, and the Philippine National Police (PNP) have reaffirmed their partnership to stop the theft and pilferage of power facilities and materials across Meralco’s service area.