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Domestic market capitalization of select stock exchanges in Asia Pacific

The post Domestic market capitalization of select stock exchanges in Asia Pacific appeared first on BusinessWorld......»»

Category: financeSource: bworldonline bworldonlineFeb 27th, 2018

Domestic market capitalization of select stock exchanges in Asia Pacific

The post Domestic market capitalization of select stock exchanges in Asia Pacific appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsFeb 27th, 2018

WB sees Ph sustaining 6.7% growth

The World Bank expects the Philippines to sustain stable economic growth this year and the next, noting the country should invest more in infrastructure and human capital to achieve further growth. In its East Asia and Pacific Economic Update released on Thursday, the Bank said the Philippine gross domestic product….....»»

Category: newsSource:  journalRelated NewsApr 17th, 2018

WB Sees PH Sustaining 6.7% GDP Growth

The World Bank (WB) expects the Philippines to sustain stable economic growth this year and the next, noting the country should invest more in infrastructure and human capital to achieve further growth. In its East Asia and Pacific Economic Update released on Thursday, the Bank said the Philippine gross domestic product (GDP) is projected to […].....»»

Category: newsSource:  metrocebuRelated NewsApr 14th, 2018

World Bank sees 6.7% PH growth

The World Bank sees the Philippine economy growing by 6.7 percent this year and next, similar to the pace of expansion last year, amid expectations of strong growth prospects across the region. In its East Asia and Pacific Economic Update April 2018 report titled "Enhancing Potential" released on Thursday, the World Bank kept its growth forecasts for the Philippines for 2018 and 2019 while projecting a slightly slower 6.6-percent expansion in 2020. The World Bank's gross domestic product growth projections for the next three years fell below the government's 7-8 percent target range until 2022. "Any growth above 6.7 percent would require vigorous investment in physical and human...Keep on reading: World Bank sees 6.7% PH growth.....»»

Category: newsSource:  inquirerRelated NewsApr 12th, 2018

Foreign selling of Asia equities persists as trade tensions heat up

FOREIGNERS continued to pull out money of Asian stock markets in March as trade tensions between the United States and China escalated and dampened the appeal for riskier assets. Overseas investors sold about $2 billion worth of Asian stocks last month, following their sales of $9 billion in February, data from seven stock exchanges showed. […] The post Foreign selling of Asia equities persists as trade tensions heat up appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 10th, 2018

Del Monte Philippines postpones IPO to May

By Krista A.M. Montealegre, National Correspondent DEL MONTE Pacific Ltd. (DMPL) is pushing back the stock market debut of its Philippine unit to give way to other big-ticket share sales in the market. BDO Capital and Investment Corp. Eduardo V. Francisco said in a mobile phone message Del Monte Philippines, Inc. (DMPI) will hold its… link: Del Monte Philippines postpones IPO to May.....»»

Category: newsSource:  manilainformerRelated NewsApr 10th, 2018

Del Monte Philippines postpones IPO to May

By Krista A.M. Montealegre, National Correspondent DEL MONTE Pacific Ltd. (DMPL) is pushing back the stock market debut of its Philippine unit to give way to other big-ticket share sales in the market. BDO Capital and Investment Corp. Eduardo V. Francisco said in a mobile phone message Del Monte Philippines, Inc. (DMPI) will hold its […] The post Del Monte Philippines postpones IPO to May appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 9th, 2018

Tech businesses powering Asia-Pacific growth

London’s venerable Financial Times (FT) recently released its first-ever “FT 1000 High-Growth Companies Asia-Pacific” list — with 26 Filipino firms making the grade, all of which are listed on the Philippine Stock Exchange except for one. The inaugural list covers 11 of the region’s more developed economies: Australia, Hong Kong, India, Indonesia, Japan, Malaysia, New […] The post Tech businesses powering Asia-Pacific growth appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 5th, 2018

Metro Pacific expands footprint in Vietnam water market

MANILA, Philippines – A subsidiary of Manuel Pangilinan-led Metro Pacific Investments Corporation (MPIC) is buying a 49% stake in one of the largest water utility companies in Vietnam for P1.98 billion. MPIC told the Philippine Stock Exchange (PSE) on Monday, April 2, that its subsidiary MetroPac Water Investments Corporation has entered into a share ........»»

Category: newsSource:  rapplerRelated NewsApr 2nd, 2018

PSEi retests 8,000

The local stock barometer firmed up above the 8,000 mark in thin trading after a long holiday break on Monday, the first trading day of the second quarter. While regional markets erased early gains amid the brewing US-China trade war, the Philippine Stock Exchange index (PSEi) added 59.62 points or 0.75 percent to close at 8,039.45. Elsewhere in the region, trading was mostly firmer in the early session but most markets reversed gains at close. All eyes are still on exchange of tariffs slapped by the US and China against imports from each other. Domestic investors mostly supported the market as foreign investors were net sellers to the tune of P625.3 million. At the local...Keep on reading: PSEi retests 8,000.....»»

Category: newsSource:  inquirerRelated NewsApr 2nd, 2018

Stock market loses more than P1.5 trillion in value since peak

By Krista Angela M. Montealegre National Correspondent A DEEP SELL-OFF has erased more than P1.5 trillion from the Philippine stock market’s value over the last two months, with the lingering weakness expected to continue amid mounting fears of a trade war. The local equities market’s total capitalization fell 8.4% from its record high of P18.52 […] The post Stock market loses more than P1.5 trillion in value since peak appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 25th, 2018

Local stocks tumble on trade war fears

By Janina C. Lim, Reporter THE Philippine stock market dropped on Friday, along with the rest of Asia, amid fears of a looming trade war between the United States and China. The Philippine Stock Exchange index (PSEi) fell 1.89% or 153.65 points to 7,970.80 points on Friday. The broader all-shares index shed 1.35% or 66.01 […] The post Local stocks tumble on trade war fears appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 23rd, 2018

Snapchat parent’s stock plummets after Kylie Jenner tweet

Snapchat's parent company lost some $1.3 billion in market value on Thursday after reality star Kylie Jenner's tweeted that she was no longer using the messaging service. "sooo does anyone else not open Snapchat anymore? Or is it just me... ugh this is so sad," Jenner tweeted. She later followed up with "still love you tho snap ... my first love," but the damage may already have been done. Snap Inc.'s shares fell by over six percent in Thursday trading, a loss of about $1.3 billion in market capitalization. Jenner has huge followings on various social media platforms, including Twitter and Instagram. She gave birth to a daughter this month, and her Instagram post annou...Keep on reading: Snapchat parent’s stock plummets after Kylie Jenner tweet.....»»

Category: newsSource:  inquirerRelated NewsFeb 26th, 2018

PH eyes to expand food export market in Japan

DTI-CITEM targets $10M export sales in FOODEX Japan The Department of Trade and Industry’s Center for International Trade Expositions and Missions (DTI-CITEM) seeks to augment the Philippines’ trade relations with Japan as it showcases the country’s finest tropical flavors in the largest food fair in the Asia-Pacific region. Under Food Philippines brand, DTI-CITEM will bring […].....»»

Category: newsSource:  boholnewsdailyRelated NewsFeb 20th, 2018

Thailand held up as model for domestic-focused agriculture

THAILAND has been held up as a model for the government’s new domestic-demand focus for agriculture, with its competitive tourist industry helping boost local consumption and lessening dependence on exports, where prices are volatile and delivery requirements are demanding, the head of a university agriculture department said. University of Asia and the Pacific Center for […] The post Thailand held up as model for domestic-focused agriculture appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsFeb 18th, 2018

APEC members failing to maximize potential of labor information portal

MEMBER-ECONOMIES of the Asia-Pacific Economic Cooperation (APEC) bloc are not maximizing an available labor market information system to help address unemployment and job-skills mismatches, the Philippine Institute for Development Studies (PIDS) said. According to a policy note written by Ateneo de Manila University professor Leonardo A. Lanzona, Jr. published by PIDS, a state think tank, […].....»»

Category: newsSource:  bworldonlineRelated NewsFeb 16th, 2018

Amid jumpy markets, PSE moves crucial stock rights offer to March

The Philippine Stock Exchange (PSE) has moved to March a stock rights offering worth as much as P3.16 billion in order to avoid the turbulence currently affecting global markets. "The PSE has decided to adjust the schedule of its stock rights offering given the unfavorable global market conditions affecting the domestic capital market," PSE said in a disclosure on Thursday. Racing against time to acquire Philippine Dealing Systems Holdings Corp. (PDS Group)---the holding firm for fixed-income trading platform Philippine Dealing and Exchange Corp., Philippine Depositary and Trust Corp. and Philippine Securities Settlement Corp.---the PSE was supposed to sell up to 11.5 million commo...Keep on reading: Amid jumpy markets, PSE moves crucial stock rights offer to March.....»»

Category: newsSource:  inquirerRelated NewsFeb 8th, 2018

Ayala Corp. eyes Kia distributorship deal

Conglomerate Ayala Corp. seeks to expand its car dealership business with a bid to acquire local distributorship rights for Korean automotive brand Kia. In a disclosure to the Philippine Stock Exchange yesterday, Ayala said a unit of wholly owned subsidiary AC Industrial Technology Holdings Inc. had received a notice from Kia Motors' Asia regional headquarters saying that it deemed the Ayala group "the preferred bidder" for the Kia distributorship in the Philippines. Negotiations are expected to start soon. "No definitive terms have been reached and we will make the appropriate disclosure of any agreement reached," the conglomerate said. For the Philippine market, Kia sells seda...Keep on reading: Ayala Corp. eyes Kia distributorship deal.....»»

Category: newsSource:  inquirerRelated NewsFeb 7th, 2018

BPI nets P22.42B

Ayala-led Bank of the Philippine Islands (BPI) improved net profit last year by 1.7 percent to P22.42 billion, reversing the downturn seen earlier in the year, as higher earnings from core lending activities and a robust fourth quarter shored up full-year results. For the fourth quarter alone, BPI's net profit rose by 14.9 percent year-on-year to P5.37 billion, Southeast Asia's oldest bank disclosed to the Philippine Stock Exchange on Monday. Profit growth picked up pace from the 14 percent increase in the third quarter. BPI was among the few large cap stocks that bucked the downturn at the stock market on Monday after announcing its robust fourth quarter results. The bank's ...Keep on reading: BPI nets P22.42B.....»»

Category: newsSource:  inquirerRelated NewsFeb 5th, 2018

Carmudi, Asia’s Leading Auto Portal, Secures USD 10M in New Funding to Grow Philippines and Indonesia Market

Carmudi, Asia’s leading car classifieds site, announced today that it raised USD 10 million over the last year led by HV Holtzbrinck Ventures, Tengelmann Ventures and Asia Pacific Internet Group (APACIG). Some private investors also joined the round. The new round shows the support and confidence investors have in Carmudi’s business. In 2014, Carmudi raised […].....»»

Category: newsSource:  metrocebuRelated NewsJan 26th, 2018