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By Marissa Mae M. Ramos Researcher NEWS of Phinma Energy Corp.’s (now AC Energy Philippines, Inc.) plans to fuel its expansion through a stock rights offering...
YIELDS ON government debt securities ended higher last week as profit taking prevailed among market players ahead of the release of August inflation data.
LATEST labor data show the ranks of jobless Filipinos increased in July, but at the same time, the number of employed Filipinos wanting more work dropped to an all-time low, the Philippine Statistics Authority (PSA) reported yesterday.
INVESTORS took positions on Now Corp. following news of its affiliate’s collaboration with a Singapore-based firm for a nationwide fiber rollout, which is seen bolstering the company’s ambition to become the fourth major telecommunications player.
By Marissa Mae M. Ramos Researcher ECONOMISTS expect financial markets in the second half to bounce back from the challenging first half amid anticipations of further...
WEST NUSA TENGGARA, INDONESIA -- “After 70 years of the freedom of Indonesia, we can finally understand its meaning... free from darkness,” said Wahidin, a village chief in the fishing community of Kwangko, which is among the beneficiaries of the Asian Development Bank’s (ADB) results-based lending (RBL) scheme that links disbursements of funds to achievement of target outputs in covered government programs.
SM PRIME Holdings, Inc. (SMPH) was among the most traded stocks last week due to a slew of factors that may adversely affect the company’s bottom line in the short term such as the lower-than-expected second-quarter economic growth, the renewed escalation of US-China trade tensions, and statements of the Chinese Embassy signaling a crackdown of its citizens’ offshore gambling activities in the country.
FIRST-QUARTER economic expansion was maintained at 5.6% even as the growth of services as well as of agriculture and allied sectors in that period was less than initially reported, the Philippine Statistics Authority (PSA) said a day before it reports preliminary estimates for second-quarter gross domestic product performance.
GOVERNMENT DEBT YIELDS went down across the board due to market anticipation of rate cuts from the Bangko Sentral ng Pilipinas (BSP) and the US Federal Reserve amid the release of key macroeconomic data in the coming weeks.
A GOVERNMENT SCORECARD that tracks the Philippines’ progress in meeting economic development targets showed the government making strides in curbing anti-competitive practices and promoting ecological integrity, but performing poorly in agriculture, governance and culture.
NEWS OF Robinsons Retail Holdings, Inc.’s (RRHI) plans to exit from the fashion business and instead focus on pet care, health, and beauty products made the company one of the most actively traded stocks last week.
INVESTORS bought Globe Telecom, Inc. shares last week following the company’s announcement it will continue to partner with Huawei Technologies Co. Ltd. despite the United States placing the Chinese tech giant on a trade blacklist.
GOVERNMENT SECURITIES extended their rally last week following the Bangko Sentral ng Pilipinas’ (BSP) interest rate cut and the Treasury’s euro bond sale.
THE NATIONAL Economic and Development Authority (NEDA) said it launched a a website tracking the Philippines’ progress in meeting the 2030 Agenda for Sustainable Development and its 17 Sustainable Development Goals (SDGs).
INVESTOR concerns on Jollibee Food Corp.’s profitability for the first half of the year made the company’s stock one of the most actively traded last week.
INVESTORS continued to take positions on PLDT, Inc. stock last week following the release of the company’s annual earnings results early this month.
YIELDS ON government securities (GS) fell amid a risk-off tone in the market following lower inflation expectations and speculations that the central bank will cut its benchmark rates and banks’ reserve requirement ratio soon.
ECONOMISTS expect local financial markets to rebound this year following a challenging 2018 even as uncertainties both at home and abroad remain.
THE COUNTRY’s trade-in-goods deficit narrowed in December to the smallest in three months as merchandise imports fell for the first time in 17 months, although this did not prevent the full-year gap from surging faster than in 2017, according to data the Philippine Statistics Authority (PSA)released on Tuesday.
INVESTORS SNAPPED up Ayala Land, Inc. (ALI) shares last week following the disclosure of the developer’s plans to consolidate its interest in Prime Orion Philippines, Inc. (POPI) through Laguna Technopark, Inc. (LTI).
THE NUMBER of approved building permits rose 16.7% in the third quarter to 42,111 projects, led by residential construction, the Philippine Statistics Authority (PSA) said.
THE LATEST labor data in October bared a mixed picture as unemployment inched up, but the ranks of those wanting more work thinned.
THE COUNTRY’s biggest banks saw their quality of assets improve in the third quarter even as their profitability and their capacity to absorb risky assets slipped.
Weather conditions may be unfavorable, crops may fail.
THE Development Bank of the Philippines (DBP) has been designated as the government’s infrastructure financing bank. Since then, it saw a double-digit expansion in its loan portfolio, with outstanding credit standing at P250.59 billion as of the first half this year. Of that amount, around 33% (P82.88 billion) was lent to the infrastructure and logistics sector.
INVESTORS loaded up on Dennis A. Uy-led ISM Communications Corp. last week after the consortium formed by China Telecommunications Corp. and Mr. Uy’s companies Udenna Corp. and Chelsea Logistics Holding Corp. was named as provisional winner in the government’s search for the country’s third major telecommunications service provider.
YIELDS ON government securities went up last week as investors stayed defensive due to inflation concerns.