Stock market down anew as US-China tensions rise

Benchmark PSEi touches 7,200, closes 1.37% down at 7,312.61
The stock market plunged to an over one-year low on Tuesday, touching the 7,200 level at one point as escalating trade tensions between the world’s two largest economies further dampened investor sentiment. News that US President Donald Trump was threatening to…

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Duterte killing peace talks – Joma

President Rodrigo Duterte is “killing” peace talks with the National Democratic Front of the Philippines (NDFP) by ruling out a third-party facilitator for the negotiations, exiled Communist Party of the Philippines (CPP) founder Jose Maria “Joma” Sison said on Tuesday. “The political swindler and butcher Duterte is willfully and maliciously killing the peace negotiations by […]

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May BoP deficit wider at $583M

The country’s balance of payments (BoP) deficit further widened in May, the Bangko Sentral ng Pilipinas (BSP) reported on Tuesday, raising the year-to-date figure past the $2-billion mark. The $583-million deficit for the month followed April’s $270-million gap and was also wider than the $59 million recorded a year earlier. It was the largest since […]

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House to junk impeach rap vs ousted Sereno

The House of Representatives will dismiss an impeachment complaint against former Chief Justice Maria Lourdes Sereno and will not recommend filing of charges against her, congressional leaders said on Tuesday. House Majority Leader Rodolfo Fariñas of Ilocos Norte made the announcement as the Supreme Court, via an 8-6 vote, made final its ruling sacking Sereno through […]

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Espenilla: BSP ‘ready’ for ‘timely’ adjustments

Monetary authorities “stand ready” to adjust policy, Bangko Sentral ng Pilipinas (BSP) Governor Nestor Espenilla Jr. said on Tuesday, to ensure that inflation stays within target. “The BSP remains strongly committed to maintaining a favorable inflation environment and we stand ready to timely adjust our policy settings…,: Espenilla said during a briefing before prospective Japanese […]

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PH down 10 spots in world digital competitiveness rankings

The Philippines’ global competitiveness ranking in digital terms has fallen by 10 notches, to 56th out of 63 countries from last year’s 46th, based on a report released on Tuesday. The 2018 World Digital Competitiveness (WDC) report, issued by Switzerland’s International Institute for Management Development (IMD), also ranked the Philippines among the lowest in the […]

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Military destroys Maute camp in Lanao

The Armed Forces of the Philippines (AFP) destroyed an encampment of the Islamic State (IS)-inspired Maute group in Tubaran, Lanao del Sur. Col. Romeo Brawner Jr., Joint Task Force Ranao spokesman, said on Tuesday that soldiers found the encampment on Monday night as the military continued its operations against the Maute group. Brawner said the […]

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Isabela town police chief awarded posthumously for ‘heroism’

AN ISABELA town police chief was given a medal for his heroism in leading an anti-illegal drug operation, which cost him his life. Philippine National Police (PNP) Chief Oscar Albayalde gave the posthumous award to Senior Inspector Michael Angelo Tubaña, police chief of Mallig, Isabela. “Posthumously, binigyan natin ng award na PNP Heroism Medal para […]

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China accuses Trump of ‘blackmail’ after new tariffs threat

BEIJING: Beijing on Tuesday accused Donald Trump of “blackmail” and warned it would retaliate in kind after the US president threatened to impose fresh tariffs on Chinese goods, pushing the world’s two biggest economies closer to a trade war. Trump said on Monday he had asked the US Trade Representative to target $200 billion worth […]

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