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 Philippines aims to complete all 19 priority economic deliverables of its ASEAN chairship by yearend, President Ferdinand Marcos Jr. said, citing progress in digital trade and regional cooperation as the bloc confronts shifting global trade relationships and geopolitical tensions.
US airlines scrambled Saturday to restore disrupted schedules after a four-hour nationwide flight grounding triggered by an air traffic control network failure, with thousands of cancellations and delays expected to ripple through the weekend.
Plants cannot complain when the heat gets unbearable or water becomes scarce. But they do send out distress signals, and scientists have developed a tiny sensor that could help farmers detect them before crops show visible signs of damage.