Stock market today (April 24, 2024): Wall Street rallies again to erase more of April’s losses
NEW YORK — U.S. stocks rallied for a second straight day Tuesday to blunt the blow of what’s been a rough April.
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NEW YORK — U.S. stocks rallied for a second straight day Tuesday to blunt the blow of what’s been a rough April.
Nonprofit organization Legal Rights and Natural Resources Center (LRC) filed a petition for certiorari seeking the reversal of the Financial or Technical Assistance Agreement (FTAA) issued to OceanaGold Philippines Inc. (OGPI).
The Manila Electric Co. (Meralco) and the Department of Energy (DOE) are urging more companies to sign up for the Interruptible Load Program (ILP) to help ensure power supply sufficiency throughout the dry season.
Globe Telecom Inc. said on Tuesday it has intensified its efforts in combating cyber threats by blocking and deactivating more SIM cards engaged in malicious activities.
The Securities and Exchange Commission (SEC) on Tuesday said it is working with Google and Apple for the removal of applications operated by cryptocurrency giant Binance in app marketplaces accessible in the Philippines.
Shopping mall operator SM Prime Holdings Inc. said it has decided to put on hold its real estate investment trust (REIT) offer, from which it intends to raise some $1 billion, due to market volatility.
ON May 2, 2019, the peso was at 51.7808 to the US dollar, and was as strong as P47.66 to $1 on June 1, 2021; hitting a low of 59.0197 on October 10, 2022. Currently the peso is at a little over 57 to the greenback, meaning our currency devalued by about 10 percent over the last five years. More significantly, the peso devalued 23.79 percent from 47.66 to 59.02 in only a span of 16 months!
Local digital banks received $700 million worth of investments from investors as the financial institutions continued to grow the number of their depositors, according to the Digital Bank Association of the Philippines (DiBA PH).
SEVENTEEN years after the Anti-Fixer Law was enacted in 2007 and ahead of the several tax deadlines this April, the Bureau of Internal Revenue’s (BIR) top official reminded the taxpaying public to refrain from transacting with “fixers.”
THE national government made a partial award of the reissued 20-year Treasury bonds (T-bonds) on Tuesday’s auction, raising only P16.633 billion due to high investors’ asking yields.
SENATOR Jinggoy Estrada is banking on Congress to promptly pass a bill for Malacañang to enact a law mandating financial literacy program for workers.
BACOLOD CITY—Local government units (LGUs) and other sellers in Negros Occidental raked in P19.25 million in total sales during the week-long Panaad Sa Negros Festival, which ended Sunday night.
THE Philippine Competition Commission (PCC) said it will conduct a “more detailed” review of the proposed acquisition by Ayala Corp.’s pharmaceutical arm of a Northern Luzon drugstore chain after the competition watchdog discovered “potential” competition concerns in the retail sale of pharmaceutical and non-pharmaceutical products in the region.
IN a significant blow for local entrepreneurship in the Municipality of Libjo, the Department of Trade and Industry-Province of Dinagat Islands, in partnership with Libjo Mining Corp., Department of Public Works and Highways-Province of Dinagat Islands, and the Local Government Unit headed by Hon. Melody Llamera-Compasivo, proudly inaugurated the first One Town, One Product Philippines (OTOP.Ph) Store in the Dinagat Islands recently. This initiative is aimed at empowering the local community by connecting local producers with wider markets and increasing confidence in their unique products.
I’ve known many people who tried to get into a sales career but ended with a very short stint. And it’s not because they can’t sell, but because they lost hope in closing transactions. And that’s exactly where sales leaders play a vital role—to give hope. Here’s a few tips for sales leaders in their role as hope-givers.
DAVAO City—The Peace and Equity Foundation (PEF) announced that its officers and those from the UP Strategic Research and Management Foundation (UPStream) signed a memorandum of agreement on April 4 at the UP Mindanao Gaisano Conference Room to undertake an action research study on Islamic financing in the Bangsamoro Autonomous Region in Muslim Mindanao (Barmm).
CLARK FREEPORT–The Clark Development Corp. (CDC) announced having partnered with the Land Bank of the Philippines (LandBank) to introduce an online payment option for Clark locators.
THE Government Service Insurance System (GSIS) is taking proactive steps to protect its pensioners from the dangers of extreme heat following the weather agency’s warning of unprecedented temperatures reaching up to 46 degrees Celsius in 24 areas across the country.
HONG KONG — Asian benchmarks extended gains Tuesday after U.S. stocks clawed back a chunk of their losses from last week, which was the worst for the S&P 500 in more than a year, while the yen weakened further to fresh 34-year lows.
THE National Innovation Council (NIC) aims to double the grants extended by the Innovation Fund next year, according to the National Economic and Development Authority (Neda).
THE national government made a full award of Treasury bills (T-bills) last Monday despite the continuous uptick in average auction yields for the third straight week.
YOU’RE scrolling through your phone when suddenly, a notification pops up. Your heart sinks as you realize that you’ve fallen victim to credit card fraud, leaving you scrambling to rectify the situation and reclaim your lost funds.
COINS collected through Coin Deposit Machines (CoDMs) increased to P648.9 million as of last week, according to the Bangko Sentral ng Pilipinas (BSP).
THE Rizal Commercial Banking Corp. (RCBC) aims to post a double-digit growth of its loan portfolio this year on the back of innovative programs and new products.
Federal Land Inc. on Monday said it will launch next month its 48-hectare multi-use, masterplanned neighborhood township in Biñan in Laguna.
Aboitiz Equity Ventures Inc. (AEV) on Monday said it is confident of posting growth this year as it focuses on the integration of its past acquisitions.
LEGACY carrier Philippine Airlines (PAL) said on Monday it will reintroduce flights between Clark and Basco, Batanes starting July 2.
Overall supply improvement and sustained demand for cars propelled vehicle sales in the first quarter, according to the Chamber of Automotive Manufacturers of the Philippines Inc. (Campi).
Filinvest Land Inc. (FLI), the property development arm of the Gotianun Group, has declared a cash dividend of P0.05 per share on its common shares, which represents a 32-percent dividend payout ratio, the highest since 2014.
The Philippine Stock Exchange Inc. (PSE), the operator of the equities trading market, expects its deal with the Philippine Dealing System Holdings Corp. (PDS) to conclude before the end of 2024.
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