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BerichtGeplaatst: 18-09-2018 09:07:33    Onderwerp: food assistance Reageren met citaat
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MANILA, Aug. 2 (Xinhua) -- The Philippine stock market succumbed to profit takers on Tuesday as investors await moves from the Bank of Japan (BOJ).


The bellwether Philippine Stock Exchange index slipped by 0.40 percent or 32.03 points to 8,037.78, while the broader all-share index tumbled by 0.64 percent or 30.79 points to 4,761.17.


Trading volume reached 3.22 billion shares worth 7.25 billion Philippine pesos (154.40 million U.S. dollars) with 104 stocks advancing, 101 declining, and 44 were unchanged.


Of the six counters, only the financials bucked the trend.


"The local market was expected to trade downwards today as investors' sentiment continues to be dampened by the recent announcement of BoJ stimulus program," online brokerage 2TradeAsia said in its daily stock market comment.


The online brokerage nevertheless threw a word of encouragement and said the effect of the latest move of Japan would be lessened as players shift their attention to Japan's Prime Minister announcement of details regarding his fiscal stimulus plan.


The slowing down in the manufacturing activity in China has also affected local sentiments, it said, as this gave give a glimpse to the country's economic growth.


Stocks in the 30-company index however were mostly up. These include BDO Unibank, Inc., Cebu Air, Inc., and Megaworld COrp.




ADDIS ABABA, March 16 (Xinhua) -- The African Union (AU) on Thursday called for greater solidarity with African countries affected by the ongoing drought and famine.


Moussa Faki Mahamat, the newly elected chairperson of the AU Commission, is deeply concerned by the humanitarian situation in parts of Africa affected by drought and famine, which is the most severe food security emergency in the world today, said a statement from the pan-African bloc.


Close to 12 million people in South Sudan, Somalia and northeast Nigeria are in dire need of emergency food assistance, noted the statement.


Famine has been declared in parts of South Sudan, and this situation has led to major displacements into neighboring countries, it said.


The statement added that the situation in the countries is compounded by insecurity and conflict.


The chairperson has expressed AU's profound appreciation to its member states that have opened their borders and provided assistance to those in need.


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