The PSE index, the 30-company benchmark of the Philippine Stock Exchange, fell 26 points, or 0.4 percent, to close at 6,392.09 as three of the six subsectors ended in the red. READ:
in the Fed’s rate hike campaign was offset by fresh geopolitical concerns over Ukraine and profit-taking.
Four of the 10 most active stocks ended in the green, led by Converge ICT Inc. which jumped 8.2 percent to P15.08 and International Container Terminal Services Inc. which rose 2 percent to P187.50. Ayala Land Inc. was up 1.8 percent to P27.809. The optimism had been further enhanced by China’s pledge to provide much-needed support to the country’s beleaguered property sector as well as ease some of the strict Covid-19 restrictions that have played a major role in dragging the economy down.
The news sparked fears that if it was proved to be an attack on Poland, a NATO member, the nine-month war in Ukraine could escalate.
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November 23 is ‘Red Wednesday’The country’s Catholic parishes and institutions are invited to join the churches around the world in the annual observance of “Red Wednesday”, which falls on November 23 this year.
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NBI receives order to transfer Vhong Navarro to Taguig jailThe National Bureau of Investigation (NBI) said Wednesday it has received the order to transfer actor and television host Vhong Navarro to the Taguig City Jail. Atty. Maggie Garduque from Navarro’s legal team, however, said the transfer will not be this Wednesday.“I just called NBI hindi pa naman daw today ang transfer (I just called NBI and the transfer is not today),” she said in a message to reporters.
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