Day: September 11, 2024

MANILA – The local stock market ended the day in the positive territory, snapping its four-day rally while the peso closed stronger than the US dollar on Wednesday. The Philippine Stock Exchange index (PSEi) fell 0.57 percent to close at 6,944.88, while the broader All Shares also declined by 0.53 percent. Philstocks Financial research manager Japhet Tantiangco said the local stock market succumbed to selling pressures. “Investors took a cautious stance while waiting for the US’ August inflation data which can provide clues on the Federal Reserve’s policy outlook,” he said. “Investors also digested the widening of the Philippines’ balance

MANILA – Senate Minority Leader Aquilino “Koko” Pimentel III and Senator Ronald “Bato” dela Rosa believe that the Office of the Vice President (OVP) deserves to have the budget it needs next year. In a Viber message to reporters on Wednesday, Pimentel said the OVP should be given “sufficient budget” for it to function in accordance to its mandate. “Give the OVP sufficient budget to carry out the VP’s constitutional role or responsibility to be ready to be the President at any given second,” Pimentel said. “Hence OVP should have budget for: staff, office, utilities, library, briefings, meetings (representation), attendance

KUALA LUMPUR, The ringgit opened higher against the US dollar this morning amid cautious sentiment ahead of the upcoming United States (US) consumer price index (CPI) report, said an analyst. At 8 am, the local note rose to 4.3330/3460 versus the greenback from yesterday’s close of 4.3400/3445. The US CPI report is scheduled to be released later today. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said traders and investors are still weighing in on the size of the potential interest rate cut in next week’s Federal Open Market Committee (FOMC) meeting. ‘With crude oil prices on

LYON, The WorldSkills competition (WSC 2024) officially opened its curtain yesterday (Sept 10), marking the start of the challenge for 15 highly skilled Malaysian youths to achieve the target of three medals at this championship. The opening of WSC 2024, which is the third largest event in France after the Olympic and Paralympic Games, was inaugurated by French President Emmanuel Macron at LDLC Arena, the largest event venue in Lyon. At the event, all the national contingents participating in WSC marched and carried their respective national flags amidst rousing cheers. Palestine through a youth also received cheers and thunderous applause

PUTRAJAYA, As Malaysians celebrated National Day on 31 August 2024, the theme Jiwa Merdeka-the Spirit of Independence-served as a profound reminder of the nation’s transformative journey and future aspirations. Marking the 67th anniversary of Malaysia’s declaration of independence from British colonial rule in 1957, Jiwa Merdeka called upon us to reflect on our collective achievements and the ongoing efforts required to advance as a unified and progressive nation. Jiwa Merdeka captures the essence of our national identity and the rich multicultural tapestry that defines Malaysia. It symbolises not only our liberation from colonial constraints but also our enduring commitment to