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Tag: Mark T. Amoguis
IN THE PHILIPPINES, one would have to get used to brownouts, or the drop in voltage in an electrical power supply system. Whether or not it is intentional, these outages have wide-ranging effects on the economy: households would experience no electricity for a few minutes or even for hours, causing great inconvenience; businesses would incur higher costs by way of lost revenue and reduced productivity; and investors would be hesitant to do business, leading to reduced investments.
A DAY after the release of the 2019 World Competitiveness Report showing the Philippines partially recovering from a nine-notch fall on a list of 63 economies but still second to the last in Asia and the Pacific, President Rodrigo R. Duterte assured a gathering of Japanese businessmen in Tokyo of a “corruption-free” business environment in which he would meet “in 24 hours” with anyone who has a complaint about “hindrances, obstruction or outright corruption.”
THE FURTHER EASING in domestic inflation buoyed investor sentiment for much of the first quarter this year even as upside risks — mostly from the external front — remain.
AYALA LAND, Inc. (ALI) was one of the most actively traded stocks last week following the easing in monetary policy as well as traders speculating on the timing of the company’s plans to conduct a real estate investment trust (REIT) listing on the stock exchange this year.
ECONOMISTS expect gross domestic product (GDP) growth in the first quarter to be weighed down primarily by the impact of the delayed enactment of the 2019 national budget despite household spending and private sector investment picking up, according to results of a BusinessWorld poll.
YIELDS on government securities (GS) inched up last week as market players took profit ahead of the release of slower-than-expected March inflation data.
INVESTORS were cautious last year on property stocks amid high interest rates that increased borrowing costs, but market watchers still consider the sector on their shopping lists account of strong demand for residential, office and retail spaces.
YIELDS ON government securities (GS) ended flat last week as investors took profit following the settlement of the government’s retail Treasury bond (RTB) offering.
YEARS of robust economic growth have given rise to a middle-class with increased disposable incomes. Some of these incomes are splurged on consumption and luxury items, while some are put off in savings accounts for good use. But with measly interest rates, who would want to let their cash sit idly by? What better use is saved cash for?
INTERNATIONAL CONTAINER Terminal Services, Inc. (ICTSI) was one of the most actively traded stocks in the Philippine Stock Exchange (PSE) last week with analysts pointing to ICTSI Chairman Enrique K. Razon, Jr.’s interest in taking over a bankrupt Subic-based shipbuilder, the company’s expansion plans abroad, and the rebalancing of a global equity index that increased the stock’s weight as driving factors.
THE OVERALL INCREASE in prices of widely used goods cooled for the third straight month in January, marking the slowest year-on-year reading in 10 months and making the case for monetary authorities to keep interest rates steady at their meeting on Thursday.
THE Philippines is looking to tap Israeli expertise and investment to develop the agriculture sector, the Department of Agriculture said.
PROSPECTS OF SM Prime Holdings, Inc.’s reclamation projects in Manila Bay were dimmed by the government’s planned rehabilitation efforts there, making it the most actively traded issue on the market last week.
MANUFACTURING growth decelerated for the fourth consecutive month in November to its slowest pace so far in 2018, even as it was better than the year-ago contraction, the Philippine Statistical Authority reported on Friday (PSA).
YIELDS ON government securities were flat last week after the central bank kept policy settings steady amid easing inflation expectations.