Peso climbs further as sentiment improves

THE PESO strengthened against the greenback on Wednesday backed by risk-on sentiment following the extension of key measures for the government’s pandemic response as well as a likely Democrat win in the Georgia senatorial runoff elections. The local unit closed at P48.033 versus the dollar yesterday, gaining 3.2 centavos from its P48.065 finish on Tuesday, data from the Bankers Association…

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PSEi drops on manufacturing data, profit taking

By Revin Mikhael D. Ochave, Reporter SHARES ended in negative territory on Tuesday as investors booked their gains and as market sentiment was dampened by recent manufacturing data. The benchmark Philippine Stock Exchange index (PSEi) fell 63.32 points or 0.88% to close at 7,134.18, while the broader all shares index declined 43.22 points or one percent to end at 4,273.94.…

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PHL stocks post gains on global vaccine rollout

LOCAL STOCKS ended the first trading day of 2021 on a high note as investor sentiment got a lift from the ongoing rollout of coronavirus disease 2019 (COVID-19) vaccines around the world. The 30-member Philippine Stock Exchange index (PSEi) improved 57.79 points or 0.8% to close at 7,197.50 on Monday, while the broader all shares index rose 44.55 points or…

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Duterte risks losing focus as elections near

By Gillian M. Cortez, Reporter PHILIPPINE President Rodrigo R. Duterte risks losing focus on the country’s battle against the coronavirus as preparations for next year’s presidential elections get under way, analysts said. “This administration is going to find it difficult trying to accomplish anything meaningful and substantial in 2021, as it builds up the war chest for the elections,” said…

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National Artist for Theater Amelia Lapeña-Bonifacio, 90

Best known for her work with puppets and children’s theater, National Artist for Theater Amelia Lapeña-Bonifacio died on Dec. 29. This was announced by Teatrong Mulat ng Pilipinas, the theater group she had founded, through a Facebook post. “It is with great sadness that we announce the passing of National Artist Amelia Lapeña-Bonifacio, University of the Philippines Professor Emeritus and…

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Couturier Pierre Cardin, 98

The designer who democratized fashion, Pierre Cardin, died on Dec. 29 at the age of 98. There is a good chance that there is at least one Pierre Cardin piece in your closet right now, either a belt, a scarf; or even a wallet. This is due to the numerous licensing deals the French designer entered in the 1980s, which…

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BSP forecasts December inflation at 2.9-3.7%

THE PRICES of agricultural products have been rising at a faster clip in recent months. — PHILIPPINE STAR/MICHAEL VARCAS By Luz Wendy T. Noble, Reporter HEADLINE INFLATION likely rose by 2.9% to 3.7% in December on the back of a quicker rise in the price of oil and agricultural products, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said…

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