Judge rules Meta's non-disparagement clauses violate US law
Philippine property stocks plummeted after President Ferdinand Marcos Jr banned online casinos, affecting key developers like Acesite and DoubleDragon. The ban impacts over 10% of Manila's office space market.
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Philippine property stocks experienced a significant slump following President Ferdinand Marcos Jr's ban on online casinos, with the PSE property sub-index dropping over 2%. Key developers like Acesite and DoubleDragon saw substantial declines. The ban, announced during the state of the nation speech, affects online casino back-office operations, which make up more than 10% of Manila's office space market. Despite this, the overall market only slightly decreased by less than 0.1%. In other market news, Hong Kong's Hang Seng and Japan's Topix remained stable, while China's CSI 300 index slipped by 1%. The ban's impact on the property sector in the Philippines reflects the broader repercussions of regulatory decisions on specific industries within the market.
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