Buy while the market stays in the red

Buying while the market is in the red is one of the trading tips regarded as a winning strategy. This was exactly what Dondee Prime, the latest player to actively join the game in the virtual stock trading challenge, had in mind when he submitted a “buy” order for Pure Gold Price, Inc. (PGOLD) for [...] The post Buy while the market stays in the red appeared first on The Manila Times Online......»»

Category: newsSource: manilatimes manilatimesApr 20th, 2018

Buy while the market stays in the red

Buying while the market is in the red is one of the trading tips regarded as a winning strategy. This was exactly what Dondee Prime, the latest player to actively join the game in the virtual stock trading challenge, had in mind when he submitted a “buy” order for Pure Gold Price, Inc. (PGOLD) for [...] The post Buy while the market stays in the red appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsApr 20th, 2018

PSEi slightly down but stays above 8,900

The local stock barometer ended flat but stayed above the 8,900 level yesterday as some investors reassessed their portfolios following the recent run-up to record highs. The main-share Philippine Stock Exchange index (PSEi) shed 3.43 points or 0.04 percent to close at 8,920.29. While US stocks continued to rally overnight, the local market slowed after successive winning sessions from the last days of December, said Luis Gerardo Limlingan, managing director at local stock brokerage Regina Capital Development. "Index saw some pullback amid a lack of news flow in local front and as investors await the corporate results season which will be in full swing next month," Limlingan sai...Keep on reading: PSEi slightly down but stays above 8,900.....»»

Category: newsSource:  inquirerRelated NewsJan 10th, 2018

Index stays in red amid weak regional trades

MANILA, Philippines — The stock market stayed in negative territory yesterday, shedding 69.81 points, or 0.83 percent, to finish at 8,291.88, tracking sluggi.....»»

Category: financeSource:  philstarRelated NewsNov 29th, 2017

Stock market dips but stays above 8,500

The stock market ended down Wednesday but remained in 8,500 territory, with the bellwether index down 0.16 percent or 13.32 points to close at 8,508.49. The wider All Shares, meanwhile, rose marginally by 0.09 percent or 4.43 points to settle at 4,971.03. “Issues like Ayala Land and JG Summit were down 2.85 percent and 3.12 [...] The post Stock market dips but stays above 8,500 appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsNov 8th, 2017

Stock Market: PSEi to climb further as sentiment stays positive

THE MARKET is expected to trek higher this week on the back of sustained confidence on the country's good fundamentals, with short-term worries failing to dent investor optimism......»»

Category: financeSource:  bworldonlineRelated NewsMay 28th, 2017

Finance: Gov't makes full award of bonds as investor demand stays strong

THE GOVERNMENT yesterday fully awarded its offer of re-issued three-year Treasury bonds (T-bonds) following strong demand from the market amid excess liquidity and as investors were less cautious of the US Federal Reserve's planned interest rate hikes......»»

Category: financeSource:  bworldonlineRelated NewsFeb 7th, 2017

PSEi down anew; lack of leads cited

THE stock market dropped for a fifth straight session on Tuesday with analysts pointing to the lack of fresh leads to spur investors. The bellwether Philippine Stock Exchange index (PSEi) dipped 0.16 percent or 11.85 points to close at 7,646.20 while the wider All Shares shed 0.22 percent or 10.27 points to end at 4,652.46. [...] The post PSEi down anew; lack of leads cited appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated News5 hr. 4 min. ago

Wells Fargo to boost auto loans

WELLS FARGO & Co. Chief Executive Officer Tim Sloan said the firm is ready to increase lending for car sales after pulling back last year, and it’s now looking with consternation at the commercial real estate market. In auto lending, “we’ve pulled back enough and now we’re going to be growing that business again,” Sloan […] The post Wells Fargo to boost auto loans appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated News15 hr. 29 min. ago

Treasuries signal bearish era

FOR global markets, it’s back to life, back to reality. As the Treasury selloff kicks off in earnest, Citigroup Inc. says investors should prepare for a possible “normalization’’ of risk premiums across credit and emerging markets as the era of monetary distortion unravels. A bearish breakout in the world’s largest bond market remains an underestimated […] The post Treasuries signal bearish era appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated News15 hr. 29 min. ago

Gov’t raises P4 billion via bonds

THE GOVERNMENT partially awarded the 10-year Treasury bonds (T-bonds) it offered on Tuesday, with yields continuing to rise, as the market still prefer short-dated papers due to the expectations of another rate hike here and abroad. The Bureau of the Treasury (BTr) only borrowed P4.08 billion of its P10-billion program at yesterday’s auction of reissued […] The post Gov’t raises P4 billion via bonds appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated News15 hr. 29 min. ago

Mango growers urged to explore market opportunities in Australia

DAVAO CITY (MindaNews / 22 May) – The Australian Embassy Deputy Head of Mission Mat Kimberley urged Filipino farmers to explore the possibility of exporting mangoes to Australia. Kimberley said in an interview that they have huge market opportunities since there is a period in Australia where their farmers could not produce mangoes unlike in […].....»»

Category: newsSource:  mindanewsRelated News17 hr. 3 min. ago

Provincial dealerships sprout

Business is very good in the local automotive industry, which has seen continuous growth sales-wise in the last six years. In 2017, our market sold a total of 470,000 brand-new passenger vehicles, up some 17% from 2016’s 400,000-unit tally. Around 35-40% of these new cars wind up in Metro Manila alone, which explains the horrendous […] The post Provincial dealerships sprout appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated News21 hr. 50 min. ago

Business of Football - Philippines highlights football s growth in the country

MANILA -  The recent success of The Azkals, with their Asian Cup qualification, and their FIFA ranking at its highest at 111, has given football a renewed confidence, and a positive outlook in terms of the growth of the sport in the Philippines.   Football is now tipped to become the fastest growing sport in the country, with the largest potential for success commercially, and in terms of on-pitch success.  The sport which is currently number 3 in the Philippines in terms of popularity and participation, after basketball and boxing, is said to be still further behind compared to other sports, such as volleyball, billiards, etc., in terms of TV coverage. These were among the insights and trends gathered from top-notch executives of organizations such as AFC, PFF, PFL, LaLiga, Dentsu X, SMG Insight, Globe Telecom, RSportz, Toby Sports and Manila Times, at the ‘Business of Football - Philippines’, organized by MMC Sportz.  The sold-out event was attended by more than 185 local and foreign delegates on 18 May 2018 at the New World Makati Hotel.   MMC Sports CEO Eric Gottschalk says, “Research in this market, shows that TV is still the number one platform here in the Philippines, and is the number one medium that advertisers are looking for, to spend their budgets on.  We also learned that live TV coverage actually stimulates stadium attendance, and not vice versa.  If there’s more football on TV, we will see more fans in the stadium.  Currently football is not ranked among the top 100 TV programmers in the Philippines and is only number 3 sport in terms of participation and popularity after basketball and boxing.  Football needs media in order to drive commercial revenues for the clubs.”   “Now is also the perfect time to get involved in football since sponsorship and advertising opportunities are currently very affordable compared for example to basketball, but this is predicted to change within the next 6-12 months, as values are expected to increase sharply.  Football also needs to create more idols and heroes to attract more media coverage overall, other than just covering game scores. Each team has a unique story which just needs to be told,” says Gottschalk. Following the presentation about the Philippines Football League (PFL) it was agreed that the PFL now fills the lack of regular created football content as the leagues matches (87 in 2018/19 season) contribute year-round stories to keep football in the news. In the past, the main talking points were around the Azkals which only play very few home matches each year.      Public education about the game of football is also needed on all levels as many people in the Philippines are still not aware about the rules or aware of programs available like coaching academies, amateur competitions, or how and where to follow the professional league.  Ten thousand (10,000) qualified grassroots coaches are also needed to satisfy the local demand and to trigger strong football development and growths. Investors on the other hand are looking for consistency and credibility of the football product but with the PFL in the second season and foreign sponsors expected to invest in the Philippines, local brands should consider to follow suit.  On the sports retail side, only 1.5% of current retail sales are attributed to football, while basketball enjoys a healthy 46% market share. As a result, only limited line items and stocks are available in stores and entry level boots and replica jerseys are too high priced to be affordable for the average consumer. The national player registration program, MY PFF, has been launched with the objective to collect vital statistics and data about the football community which is urgently needed to support the youth football development strategy of the PFF and to develop a players pathway.  As FIFA has mandated to register the estimated 1.5 million players in the Philippines, the PFF has urged organizers and players to already register online as by next month only registered players will be allowed to participate in sanctioned events. The “Business of Football – Philippines” conference also announced 36 career opportunities related to sports and football, including positions in marketing, legal, competition management and coaching, with all these listing being available online with MMC Sportz or for direct inquiries with the PFF. In his closing remarks, MMC Sportz CEO Eric M. Gottschalk stated that “More importantly, Don’t Break the 12th Man! It is important that all stakeholders don’t forget to engage with the fans. The fans are the most important aspect of the development of football in the Philippines – if there are no fans of football then there is no media, no spectators, no players, no games, no business. Everyone is required to ensure we keep the fans (football consumers) engaged year-long and the first step would be to get the media behind the game. There is a strong football - community out there already and hopefully, we the TV broadcasters will take another look at football and give them at least some consideration on the program schedule.  I believe today’s conference was a great success.  We brought the football community together, stimulated thinking, exchanged ideas and transferred a lot of knowledge. Now it is up to the football stakeholders to continue the progress.  From our end (and with the approval of the PFF) we will stage the 2nd edition of BOF early 2019 and hopefully we will be able to report on some of the changes initiated today.”    Speakers who shared their insights include LaLiga Managing Director for South East Asia, Japan, Korean and Australia Ivan Codina, AFC Head of MA Services Domeka Garamendi, SMG Insight Managing Director Frank Saez, Azkals Team Manager Dan Palami, Globe Director for OIC, Citizenship and Advocacy Marketing Miguel Bermundo, PFL CEO Lazarus Xavier, PFF General Secretary Atty. Edwin Gastanes, Ignite Sports Group Managing Director Michael Reyes,  Asian Replica Designs Founder & Owner Jonathan Mallinson, Quorum Group President & COO Jose Claudio, Jr., Mediapro Asia Director of Sales and Sponsorship Salauddin Sinnakandu, and MMC Sportz Marketing CEO Eric Gottschalk.  Organized by MMC Sportz Asia, the event was sanctioned by the Asia Football Confederation (AFC) and the Philippines Football Federation (PFF), and sponsored by La Liga, Dentsu X, SMG Insight, RSportz, Globe Telecom, Toby’s Sports, Manila Times and Platinumlist. - RELEASE  .....»»

Category: sportsSource:  abscbnRelated NewsMay 22nd, 2018

Prepare for soaring crude prices, solon urges gov’t

SENATOR Sherwin Win Gatchalian yesterday urged the government to be prepared in the event that crude prices will reach the USD $100 per barrel threshold on the global market. “Filipinos are really starting to feel the negative effects of rapidly rising global oil prices. This should send a clear signal….....»»

Category: newsSource:  journalRelated NewsMay 21st, 2018

Oil firms make another bigtime price increase

MOTORISTS will be greeted this morning with another round of bigtime fuel price hikes as big and small oil firms will implement a second consecutive adjustment due to the increase in prices on the international petroleum market. Gasoline prices are up by P1.60 per liter, diesel by P1.15 per liter….....»»

Category: newsSource:  journalRelated NewsMay 21st, 2018

Private traders now the source of cheapest rice with NFA supply tight

In a twist of irony, the country's private traders are now the consumers' source of the cheapest rice alternative in the market as the tightness in the supply of the staple from the National Food Authority (NFA) led to the continuous increase in rice prices. As of the first week of May, data from the Philippine Statistics Authority (PSA) showed retail prices for regular-milled and well-milled rice climbed to P40.04 and P43.86 per kg, respectively, or an increase of 7.29 percent and 5.48 percent from prices in the same period last year. The upward trend in the country's rice prices that started in January has led President Rodrigo Duterte to order private rice traders to help the go...Keep on reading: Private traders now the source of cheapest rice with NFA supply tight.....»»

Category: newsSource:  inquirerRelated NewsMay 21st, 2018

High oil prices start pushing air fares higher

Air travelers are starting to feel the pinch of higher oil prices. Cebu Pacific Air, a budget airline that controls more than half of the domestic market, said average fares in the first quarter of.....»»

Category: newsSource:  philippinetimesRelated NewsMay 21st, 2018

Michael Jordan s Chicago finale commemorated with limited-edition Bulls jersey

It was June 14, 1998 when Michael Jordan, whom many ascribe to as the Greatest of All Time, stuck a 15-foot dagger in the hearts of the Utah Jazz faithful, giving the Bulls an 87-86 victory in Game 6 of the 1998 NBA Finals, sealing his sixth championship. Twenty years later, MJ’s Chicago curtain call will be commemorated with a forthcoming 10-part ESPN Films and Netflix documentary series, “The Last Dance,” and a special-edition Michael Jordan Bulls jersey. The jersey, which releases May 31, comes in three versions: an Authentic away (as worn for the last shot) as well as Swingman versions of the Bulls’ home and away looks. Each jersey is equipped with NikeConnect technology, which will unlock access to select “The Last Dance” content prior to the series premiere in 2019. The Authentic will come in a soft touch box with a clear window and magnetic closure and will retail for $400 (roughly Php21,000). The two Swingman jerseys will sell for $120 (roughly Php 6,300). “The Last Dance” will tell the story of one of the greatest icons and most successful dynasties in sports history, Michael Jordan and the 90s Bulls, with footage from the team’s last championship run in the 1997-98 season and interviews with Jordan seen for the first time ever, along with other key figures from the Bulls’ championship teams and luminaries from basketball and beyond. The special-edition Bulls jersey will also celebrate Friends of the Children, a national non-profit that selects the most vulnerable children aged 4-6 from high-poverty schools and the foster care system in the United States and pairs them with a paid, professional mentor who stays with them from kindergarten through graduation......»»

Category: sportsSource:  abscbnRelated NewsMay 21st, 2018

Stocks stumble as market remains sluggish

Share prices were down anew yesterday, bucking the general uptrend in global stocks due to the negative market sentiment in the country......»»

Category: financeSource:  philstarRelated NewsMay 21st, 2018

Short term T-bill rates lower on strong demand

The Bureau of the Treasury yesterday fully awarded 91-day and 182-day Treasury bills, but only partially awarded one-year securities as the market continued to show preference for shorter tenors......»»

Category: financeSource:  philstarRelated NewsMay 21st, 2018