PSEi extends winning streak after Fed’s rate cut

MANILA, Philippines — The local stock barometer extended its winning streak to the third consecutive session on Thursday after the US Federal Reserve cut rates for the first time this year, yet another positive signal for markets across the globe. By the closing bell, the benchmark Philippine Stock Exchange Index (PSEi) added 22.96 points to end

Actions for claiming land ownership and possession

In a recently decided case, the Supreme Court explained the different actions for claiming land ownership and possession. Lea Victa-Espinosa bought a parcel of land. When she had it surveyed, she discovered that parts of the land were occupied by the spouses Noel and Leny Agullo. Espinosa demanded that the Agullos vacate the portion belonging

Ayala drops distribution of Volkswagen cars

MANILA, Philippines — The Ayala group’s Automobile Central Enterprise Inc. (ACEI) has come into an agreement with Volkswagen AG to end the distribution of the German brand’s vehicles in the Philippines. ACEI said in a notice to customers that, considering this, Volkswagen BGC will continue its operations until Sept. 30 only. A member of the Ayala

Japan seeks to ramp up Asian Games buzz with year to go

Japanese organizers admit public awareness of the Asian Games in Aichi-Nagoya “needs to be higher” as they look to ramp up interest with Friday marking a year to go until the start of the sporting spectacular. The pandemic-delayed 2023 edition in Hangzhou, China, featured about 12,000 athletes–the biggest Asian Games in history boasting more competitors