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Stocks plummet to 1-year low

Local share prices further went south yesterday, triggering a bloodbath not seen in over two years, as investors dumped their holdings on fears of escalating US-China trade confict and rising inflation at home......»»

Source: philstar philstarCategory: financeApr 19th, 2018Related News

Hot money inflow hits 3-year high in March

Foreign portfolio investments swung to a net inflow of $1.13 billion in March, the highest in more than three years, after the government successfully raised P12 billion ($230 million) from the maiden issuance of Panda bonds, the Bangko Sentral ng Pilipinas reported yesterday......»»

Source: philstar philstarCategory: financeApr 19th, 2018Related News

Economic legs

The market plunged mid week in reaction to the weak OFW remittance data, a market analyst said. A sliding PSE index shouldn’t be a serious concern just yet because market volatility everywhere has been high......»»

Source: philstar philstarCategory: financeApr 19th, 2018Related News

Gabby Lopez steps down as ABS-CBN chairman

ABS-CBN Corp.’s board of directors has elected Eugenio “Gabby” Lopez as the media and entertainment firm’s chairman emeritus, while his cousin Martin Lopez will succeed him as chairman of the board......»»

Source: philstar philstarCategory: financeApr 19th, 2018Related News

BPI to redevelop Makati head office

The skyline of the central business district in Makati City is set to change with the redevelopment of the 40-year old headquarters of Ayala-led Bank of the Philippine Islands at the corner of Ayala and Paseo de Roxas avenues......»»

Source: philstar philstarCategory: financeApr 19th, 2018Related News

Shell remains keen on LNG, renewables

The local unit of energy giant Royal Dutch Shell is pursuing liqufied natural gas and renewable energy projects as part of the group’s global thrust to provide cleaner energy, its top official said......»»

Source: philstar philstarCategory: financeApr 19th, 2018Related News

Minimum P200 billion investments for 3rd telco player — Dominguez

Interested investors who want to enter the Philippine telecommunications industry should be ready to invest at least P200 billion, if they want to compete with existing major players, Finance Secretary Carlos Dominguez said yesterday......»»

Source: philstar philstarCategory: financeApr 19th, 2018Related News

Mexico operations may expose ICTSI to trade war risks — Razon

International Container Terminal Services, Inc. (ICTSI) is keeping a positive outlook for the year, while being cautious on the effects of the looming trade war between the United States and China. ICTSI Chairman and President Enrique K. Razon Jr. said its operations in Mexico may be affected should the ongoing conflict between the US and […] The post Mexico operations may expose ICTSI to trade war risks — Razon appeared first on BusinessWorld......»»

Source: bworldonline bworldonlineCategory: financeApr 19th, 2018Related News

New Amazon feature makes international shopping easier for Pinoys

Over 45 million items from the United States are just one click away for Filipino shoppers, Amazon said......»»

Source: philstar philstarCategory: financeApr 19th, 2018Related News

Online hiring activity up in February, January — report

E-recruitment activities in the Philippines further picked up in the first two months of the year on the back of bullish outlook on the country’s economy, according to online hiring website Monster.com......»»

Source: philstar philstarCategory: financeApr 19th, 2018Related News

LTFRB suspends P2 per minute charge of Grab

The Land Transportation Franchise and Regulatory Board on Tuesday ordered the suspension of Grab's travel time charge of P2/minute......»»

Source: philstar philstarCategory: financeApr 19th, 2018Related News

Index turns green as investors pick up bargains

Stock market investors returned to the market yesterday to hunt for bargains, allowing the index to enjoy its first positive finish since Thursday last week......»»

Source: philstar philstarCategory: financeApr 18th, 2018Related News

GBP pipelines 300 MW renewable energy projects

Pangilinan-led Global Business Power Corp. will develop 300 megawatts of renewable energy projects as it ramps up its capacity to include sustainable energy solutions in five years starting 2019......»»

Source: philstar philstarCategory: financeApr 18th, 2018Related News

MVP: No pressure to divest in Rocket

PLDT Inc. plans to hold on to its remaining stake in Rocket Internet as it expects improvement in the European company’s share price in the long term......»»

Source: philstar philstarCategory: financeApr 18th, 2018Related News

Philippine Business Bank raising P5 B for capital expenditure

Philippine Business Bank hopes to raise P5 billion as it continues to explore capital raising avenues to strengthen the bank’s balance sheet......»»

Source: philstar philstarCategory: financeApr 18th, 2018Related News

ALI gains control of Malaysian firm

Ayala Land Inc., the integrated property developer of the Ayala Group, is expanding its presence in Malaysia after acquiring a 72.31 percent stake in Malaysian property company MCT Bhd......»»

Source: philstar philstarCategory: financeApr 18th, 2018Related News

TransCo, NGCP agree on use of fiber optic cable for gov’t broadband plan

State-run National Transmission Corp. and the privately-owned National Grid Corp. of the Philippines have finally agreed to use the transmission grid’s fiber optic cable network in support of the government’s National Broadband Program......»»

Source: philstar philstarCategory: financeApr 18th, 2018Related News

Weak peso, inflation spike may prompt BSP rate hike

The weak peso and higher inflation may prompt the Bangko Sentral ng Pilipinas to finally raise interest rates next month......»»

Source: philstar philstarCategory: financeApr 18th, 2018Related News

Rise in wholesale prices eases in February

Wholesale prices of commodities increased at a slower pace in February due largely to the decline in the prices of crude materials, the National Statistics Office reported......»»

Source: philstar philstarCategory: financeApr 18th, 2018Related News

Sales of sugary drinks further weaken in February

Sales of sugar-sweetened beverages in supermarkets and sari-sari or convenience stores further soured in February following the first wave of price hikes due to the implementation of higher excise taxes......»»

Source: philstar philstarCategory: financeApr 18th, 2018Related News