NFL ends investigation into sexual assault allegations against Browns QB Deshaun Watson
Nicaragua approves reforms boosting power of President Ortega and his wifeUS PRESIDENT-ELECT Donald J. Trump’s economic policies would likely drive Philippine stocks in 2025 after geopolitical tensions weighed on the bourse for much of 2024, according to the Philippine Stock Exchange (PSE). “One of the investment considerations at this time is the direction of economic policies of the new US administration,” Ramon S. Monzon, president and chief executive officer at the PSE, said in a statement at the weekend. “An outcome favorable to the Philippines may help spur foreign buying and create the market condition listing applicants are waiting for.” He said internal and external “economic and geopolitical headwinds” weighed on the market, prompting listing applications to defer their initial public offerings (IPO). The PSE earlier said it expects companies to raise P120 billion in capital on the bourse including from six IPOs this year amid increased market activity. The real estate investment trust company of SM Prime Holdings, Inc., Prime Infrastructure Capital, Inc., Maynilad Water Services, Inc., and GCash are some of the big names said to be planning IPOs in 2025. Mr. Trump will take his oath as US president on Jan. 20. During the campaign, he vowed to increase tariffs on European Union nations, Mexico, Canada and China. There were three IPOs this year by OceanaGold (Philippines), Inc., Citicore Renewable Energy Corp., and NexGen Energy Corp. The bourse raised P82.37 billion in capital this year, 42% lower than in 2023. The PSE index closed finished the year at 6,528.79, 1.2% or 78.75 points higher than its 2023 close. The PSE MidCap and PSE Dividend Yield indexes also rose 29.1% and 22.4%, respectively. The daily average value turnover gained 0.1% to P6.1 billion. Domestic market capitalization at year-end also increased 11.2% to P14.57 trillion from a year earlier. Net foreign selling fell 5% to P23.18 billion from last year. The service index had the biggest increase at 29.7%. Mr. Monzon said the PSE would continue to improve stock market liquidity. It plans to launch global Philippine depositary receipts and last week, it announced its takeover of Philippine Dealing System Holdings Corp. (PDS) in a deal worth P2.32 billion. The market operator said it would buy 3.87 million PDS shares at P600 each for a 61.92% stake as part of its plan to unify local capital markets. It has a 20.98% stake in PDS. “This acquisition aims to create operational synergies by establishing a unified marketplace for fixed income and equity products, and a single platform for capital raising, among others,” he said in the statement. “We will also remain active in our IPO campaign to get more companies listed on the stock market.” The PSE seeks to launch the depositary receipts — peso-denominated instruments that represent an economic interest, but not voting rights, in an underlying security listed in an overseas exchange — in the first quarter of 2025. — Revin Mikhael D. Ochave
Italian Soldiers 'Hit' In Lebanon Rocket Attack; UNIFIL Base Bombed In Shama Recommended Playlist 'Flight Of Just 1 Drone Spooks Israelis': Hezbollah's 'Trump' Card Revealed | Report Israel Blew Up Iran's Active Nuclear Research Site In Parchin In Oct 26 Strikes | Report Hezbollah Rockets Hit UNIFIL Base In Lebanon, Causing Significant Damage; No Injuries Reported Houthi Missile Splashes Into Red Sea Near 'Israel-linked' Ship; Fresh Attack Shocks U.S. | Watch Hezbollah-fired Drone From Lebanon Explodes Over Haifa Kindergarten; IDF Probes Silent Sirens Hamas Blows Up IDF Armoured Vehicles In Gaza City, Tulkarem Three Big Bombings On Israeli Army Site; Iraqi Resistance Shocks IDF With Ferocious Attacks Israelis In Tears As Hamas Ambushes & Kills Four More IDF Troops In Northern Gaza | Watch Israel Attacked From Three Sides; Arab Nations Unite to ‘Punish’ Netanyahu's Military Israel In Huge Panic: Iran Moves Ballistic Missiles Close To Israeli Territory; Tel Aviv Warns Iraq Top Viral Videos Shocking! Lawyer rams Mercedes car into Kachori shop in Delhi, Six injured In a shocking incident, six people were injured after a lawyer rammed his speeding Mercedes car into a Kachori shop in the national capital. The incident took place at Fateh Kachori in Civil Lines area. The police have taken the lawyer into custody and seized his car. The lawyer has been identified as Parag Maini who is a resident of Noida’s Sector 79. The police have registered a case against the lawyer under Section 279 (rash driving) and 337 (causing hurt by endangering life). Telangana cop punched, dragged by villagers, video goes viral On Cam: Crane drags car with senior citizens sitting inside, case registered | video goes viral Instagram influencer shot dead by husband in Rajasthan's Phalodi CCTV: Thieves arrive in car, decamp with jewellery in MP's Damoh Goons hurl abuses at toll plaza employee in MP's Chhatarpur Two goons hurled abuses at a toll plaza employee in Madhya Pradesh’s Chhatarpur. One of the assailants is reportedly the brother of an MLA. The incident was filmed by an employee of ol plaza which has gone viral on social media. The goons were upset after they had to wait in the queue. Viral: Cobra blocks road in MP's Chhatarpur district Nigeria: Lion kills zookeeper at Obafemi Awolowo University CCTV: Biker crushed to death by speeding bus in Madhya Pradesh's Ujjain district Four women steal tray full of earrings from a jewellery shop in MP's Raisen Shirtless British man punches air steward after destroying aircraft toilet, arrested A shirtless British man punched an air steward after destroying the aircraft toilet. The man was arrested. The man went berserk soon after the flight took off . He went up to smash the plane’s toilet. The incident took place on February 7 when the flight took off from Bangkok to London. A video of the incident went viral on social media. On cam: Several injured after swarm of bees attacks guests during wedding ceremony in MP's Guna On cam: Man hurls abuses at government school teacher in MP's Chhatarpur district On cam: Man thrashes youth with stick in MP's Ujjain Doctor loses cool, misbehaves with home guard in MP's Chhatarpur On cam: Goons thrash Dalit youth in MP's Betul A Dalit youth was thrashed in Madhya Pradesh’s Betul. The man was brutally thrashed and forced to squat while holding his ears. A video of the incident has gone viral on social media. Congress leader Jitu Patwari highlighted the plight of the Dalit man. The police have launched a probe into the matter. On cam: Govt employee consumes alcohol at work place in MP's Singrauli On cam: Goons thrash liquor shop employee in MP's Gwalior CCTV: Man thrashed, abducted in Madhya Pradesh's Betul district Fight breaks out between CHC employee and patient in UP's Barabanki Short Videos BJP Orchestrated Attack On Kejriwal During ‘Padyatra’ Campaign: Delhi CM Atishi Your Autistic Child Can Also Make A Difference Your Autistic Child Can Also Make A Difference Kejriwal Questions RSS Over BJP’s 'Dirty' Tactics Against Opposition | Watch Atishi's 1st Statement After Being Picked As Delhi CM; 'Kejriwal Made Biggest Sacrifice' Kejriwal To Give Up CM Residence; AAP's Sanjay Singh Issues Big Warning... Haryana Polls: Vinesh Phogat & Bajrang Punia Join Congress; Sakshi Malik next? Putin's Big Pledge For Russian Speakers In Ukraine; 'Will Fight For...' 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Best Cryptos to Buy for 2025: Qubetics Joins Forces with SWFT as Hedera and Filecoin Look to Break the Bearish Spell