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Daily Archives: October 8, 2018 | 12:32 am

supermarket fish section

Economists watch if inflation has peaked

INFLATION can now go either way towards yearend after September logged a fresh nine-year high, economists said in separate assessments last weekend.

Headline inflation rates in the Philippines (September 2018)

INFLATION can now go either way towards yearend after September logged a fresh nine-year high, economists said in separate assessments last weekend.
peso bills

AMRO adds to expectations of PHL growth slowdown as price hikes bite

A REGIONAL research group has slashed its growth forecast for the Philippines, noting that surging inflation and consumer pessimism will likely weigh on household spending and dampen overall expansion.
tax collector

WB readies $300-M loan to improve gov’t revenue, spending efficiency

THE WORLD BANK is preparing a $300-million loan for the government designed to improve revenue and spending efficiency.

SNAP seeks ‘nat’l significance’ certification for new project

SN ABOITIZ POWER (SNAP) has submitted its latest hydroelectric project for inclusion in the Energy department’s list of certified energy projects of national significance (CEPNS), the government’s policy that aims to hasten the development of new power plants.

Ayala Land eyes fund-raising in early 2019

AYALA LAND, Inc. (ALI) is planning to register another P50 billion under the Securities and Exchange Commission (SEC)’s shelf registration program, allowing the company to raise money from the issuance of fixed securities in the next three years.

Chelsea Logistics allocates over $100M for fleet expansion

CHELSEA LOGISTICS Holdings Corp. (CLC) is allocating more than $100 million for the expansion of its fleet as it expects six passenger vessels to be delivered in the next three years.

Globe to deploy small cell antennas along major roads

GLOBE TELECOM, Inc. is expecting to speed up the roll out of more than 120 cell sites in Metro Manila as it signed an agreement with the Metro Manila Development Authority (MMDA) to cut the process for securing permits in building telco infrastructure.

Bengzon confident TMC ownership dispute will be resolved soon

THE CAMP of Dr. Alfredo R.A. Bengzon said they are confident the ongoing ownership dispute at The Medical City (TMC) will be resolved soon, for the sake of the hospital and its shareholders.
Sargassum Seaweed

Fisheries bureau partly lifts ban on collecting seaweed

FISHERIES Administrative Order (FAO) 250-2 will allow individual fishermen to collect, sell, trade, and transport Sargassum, a type of brown seaweed, subject to seasonal restrictions and permit requirements.

Strong muses

ART DECO arrived in the early 1910s and emerged as the premier decorative style of the world in the period between the two World Wars. It took over from the asymmetrical fluidity of the Art Nouveau movement, perhaps as a response to the noisier world that awaited it; the world that Art Nouveau created having been charred by the unprecedented horrors of the First World War.

Megawide poised to launch Parañaque transport terminal in November

MEGAWIDE CONSTRUCTION Corp. is launching next month the Parañaque Integrated Terminal Exchange (PITX), a “landport” for passengers from the south going to Metro Manila.
Bureau of Treasury (BoT)

Rates of T-bills, bonds on offer to climb on faster Sept. inflation

RATES OF government securities on offer this week will likely climb anew, with bids for the five-year Treasury bonds (T-bond) expected to be rejected, as investors price in the elevated September inflation print.

Coffee industry should emulate wine, not soda

NEW YORK -- Persistently low coffee prices for producers across the globe are a serious threat to the commodity, said the chairman of Italian premium coffee maker illycaffe SpA, who expects prices to begin taking a toll on production in coming years.

Uniqlo Manila is biggest flagship store in SE Asia

A GUEST gets overwhelmed by the perfectly folded shirts on display. It takes five minutes to decide which to buy among the six available colors of the round neck shirt. The chosen color is tossed into a shopping bag (along with five other staple pieces in neutral colors). The possibility of sharing the same outfit with everyone else is no problem thanks to its design versatility and function.

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15 Taiwan firms seek Mindanao partners

DAVAO CITY — Another business delegation from Taiwan, composed mainly of companies in four industries, is coming to Davao on Oct. 19 to showcase their products and explore partnerships with local businesses.

Infrastructure, connectivity issues impeding PHL e-payments growth

DIGITAL PAYMENTS remain pivotal in financial inclusion, industry players said, as physical and cultural issues are seen to be key barriers in serving the unbanked sector.
Durian Wine

Durian’s next incarnation might be wine

DAVAO CITY -- Durian -- the funky-smelling, strong-tasting fruit that people either love or hate -- has been developed into many processed forms, including sweets, ice cream, and flavored coffee.

This year’s HABI fair includes ASEAN weavers and indigenous fabrics

SOME of the finest examples of Philippine-made textile products take center stage at this year’s HABI trade fair. The three-day trade event pays tribute to the country’s traditional weavers who hail from communities supported by HABI. Their unique skills were given tremendous exposure during the previous fairs and this expertise has since become a viable source of income for them. “Woven Voyages: 8th Likhang Habi Textile Fair 2018” will take place at the Activity Area of the Glorietta Mall in Ayala Center, Makati City on Oct. 12 to 14. It is open to the public.
Metropolitan Bank & Trust Co.

OUTLIER: Metropolitan Bank & Trust Co. (MBT)

MACROECONOMIC CONCERNS dragged stocks, including that of Metropolitan Bank & Trust Co. (MBT), in the first trading week of October.
1000 peso bills

Peso to weaken on hawkish Fed

THE PESO is seen to weaken further this week as likely mixed US data and hawkish Federal Reserve officials may boost the attractiveness of the greenback.
Brazil coffee

Farmers group asks Brazil for funds so its coffee farmers can delay sales

SAO PAULO -- Brazil’s farmers confederation, CNA, said on Friday it had officially requested government funding for a program that would allow coffee farmers to hold back sales and stock the product to avoid selling at current low prices.

A charity and a designer mark their milestones together

ON OCT. 27, the Grand Ballroom of the Marriot hotel will be the venue of a benefit fashion show featuring over a hundred designs with each model walking down the runway for two long minutes.

UPS uses disruptive technologies to stay ahead

DISRUPTIVE technologies such as artificial intelligence (AI), blockchain and drones have been helping United Parcel Service, Inc. (UPS) in how it operates in the logistics industry, which itself is prone to disruptions.
Narendra Modi

Deepening agriculture crisis in India could hurt Modi’s re-election bid in May

MUMBAI/NEW DELHI -- The financial squeeze on India’s farmers is set to worsen because of record high fuel prices and surging costs of fertilisers, posing a challenge to Indian Prime Minister Narendra Modi in an election that must be held by May.

Yields on gov’t debt rise

YIELDS on government securities went up last week as market players stayed cautious ahead of expectations of a faster September inflation print.
PSE bells

Shares to decline further amid lack of fresh leads

SHARES may continue falling in the week ahead given the lack of catalysts that may encourage investors to return to the market.

How PSEi member stocks performed — October 5, 2018

Here’s a quick glance at how PSEi stocks fared on Friday, October 5, 2018.