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PH shares soar in early trading on investors’ confidence in economy

PH shares soar in early trading on investors’ confidence in economy.....»»

Category: newsSource: manilatimes_net manilatimes_netSep 14th, 2017

Market down in morning trade ahead of inflation data

PHILIPPINE shares fell further in early trading on Thursday as investors cashed in on earlier gains ahead of the release of April inflation data on Friday. At the noon break, the bellwether Philippine Stock Exchange index was down 1.71 percent or 132.55 points to pause at 7,603.52, while the broader All Shares dropped 1.41 percent or 66.06 points to [...] The post Market down in morning trade ahead of inflation data appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsMay 3rd, 2018

US, China trade tensions dampen PH market in morning trade

PHILIPPINE shares wiped out gains in early trading Friday as investors’ sentiment was dampened by the escalating trade wars from US and China. The bellwether index succumbed 19.3 percent in morning trade or 156.77 points to pause at 7,967.68. The broader All Shares dropped 1.55 percent or 75.82 points to 4,814.35. “[This was] after US President Donald [...] The post US, China trade tensions dampen PH market in morning trade appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMar 23rd, 2018

PSEi falls below 8,100 on profit-taking

SHARE prices fell further in early trading on Monday as investors continued to pocket earlier gains in the absence of fresh market-moving incentives. At the noon break, the bellwether index shed 1.02 percent or 83.28 points to 8,060.74. The broader All Shares lost 0.97 percent or 46.55 points to 4,739.41. “[There is] no new good news to propel the [...] The post PSEi falls below 8,100 on profit-taking appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsDec 4th, 2017

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 News11 hr. 44 min. ago

Most Asian markets rise after Wall St rally, ringgit bounces

Hong Kong, China — Most Asia markets rose Monday as investors built on last week’s rally, with another healthy lead from Wall Street providing support, but oil prices retreated from their three-and-a-half-year highs. Malaysia’s ringgit recovered from an early sell-off to sit flat while stocks were up more than one% in Kuala Lumpur as trading […] The post Most Asian markets rise after Wall St rally, ringgit bounces appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 14th, 2018

Long-term foreign investments in PH surge for second straight month

Short-term funds are flowing out due to better yields overseas, but don't tell that to long-term foreign investors who continue to plough their money into the Philippines on the back of what the central bank says is "confidence" in the local economy. In a statement, the Bangko Sentral ng Pilipinas said foreign direct investments posted a net inflow of $573 million in February 2018, representing an increase of 46.4 percent from year-ago level---the second consecutive month this year that showed strong investment inflows. This was due mainly to the 56.3-percent growth in investments in debt instruments, or intercompany borrowings between foreign direct investors and their subsidiarie...Keep on reading: Long-term foreign investments in PH surge for second straight month.....»»

Category: newsSource:  inquirerRelated NewsMay 10th, 2018

Shares outlook for the week: Market ‘correction mode’ to continue

Share prices could fall further this week with earnings season yet to heat up and investors expected to continue worrying over the economy and policy rate hikes. “I think the [stock market]will continue to be in a correction mode considering … reports of overheating by the World Bank,” Diversified Securities, Inc. equity trader Aniceto Pangan [...] The post Shares outlook for the week: Market ‘correction mode’ to continue appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsApr 23rd, 2018

Stocks up in early trade on bargain-hunting 

PHILIPPINE shares rebounded in early trading on Wednesday on bargain-hunting as investors snapped up equities that have reached oversold conditions. At the noon break, the bellwether Philippine Stock Exchange index was up 91.25 points or 1.18 percent at 7,814.64. The broader All Shares had inched up 36.30 points or 0.77 percent to 4,732.26. Summit Securities, Inc. President Harry Liu [...] The post Stocks up in early trade on bargain-hunting  appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsApr 18th, 2018

Main-share index falls by 1.78%

The local stock barometer yesterday pulled back sharply as foreign investors resumed selldown of local equities. The main-share Philippine Stock Exchange index (PSEi) slid by 143.09 points or 1.78 percent to close at 7,899.98. Regional markets were mixed as trade war tensions started to ease. For the four-day trading week, the index lost 45.68 points from the previous week's finish of 7,945.66. All counters ended lower, but the most battered was the holding firm counter which fell by 2.87 percent as investors sold down shares of SM Investments and Metro Pacific, which both slid by over 4 percent. The property counter lost 1.72 percent. There were 134 decliners that overwhe...Keep on reading: Main-share index falls by 1.78%.....»»

Category: newsSource:  inquirerRelated NewsApr 13th, 2018

PSEi falls below 8,000 amid Middle East uncertainty

PHILIPPINE stocks slipped below 8,000 on Friday as investors kept remained cautious amid rising tensions in the Middle East. The bellwether Philippine Stock Exchange index (PSEi) dropped 143.09 points or 1.78% to 7,899.98 points. The broader all-shares index shed 64.17 points or 1.32% to 4,794.65 points. “A bloodbath marked the end to an anaemic trading […] The post PSEi falls below 8,000 amid Middle East uncertainty appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 13th, 2018

PSEi retreats to 7,800 level

The local stock barometer pulled back sharply on Friday as foreign investors resumed their selldown of local equities. The main-share Philippine Stock Exchange index (PSEi) slid by 143.09 points or 1.78 percent to close at 7,899.98. Regional markets were mixed but trade war tensions started to ease. For the four-day trading week, the index lost 45.68 points from the previous week's finish of 7,945.66. All counters ended lower, but the most battered was the holding firm counter which fell by 2.87 percent as investors sold down shares of SM Investments and Metro Pacific, which both slid by over 4 percent. The property counter faltered by 1.72 percent. There were 134 dec...Keep on reading: PSEi retreats to 7,800 level.....»»

Category: newsSource:  inquirerRelated NewsApr 13th, 2018

Metrobank completes capital buildup

Ty family-led Metropolitan Bank & Trust Co. has completed a P60-billion capital hike through the sale of shares to existing shareholders. Metrobank---which sold 799.84 million common shares at P75 per share to existing shareholders---listed the new shares on the Philippine Stock Exchange yesterday. "The offer was taken up entirely by the bank's existing shareholders, with broad support seen across the shareholder base resulting in a substantial oversubscription," Metrobank said in a disclosure to the PSE. "The bank believes that the success of the offer represents a strong vote of confidence from investors in the bank and its strategy," it added. Metrobank believes the ro...Keep on reading: Metrobank completes capital buildup.....»»

Category: newsSource:  inquirerRelated NewsApr 12th, 2018

PSEi falls even as rest of Asia cheers Xi’s assurance

THE Philippine Stock Exchange on Tuesday ignored optimism across much of Asia in the face of China President Xi Jinping’s promise to open his country’s economy further, dropping further below the 8,000 mark for the second straight trading day as investors in local equities apparently nitpicked on negative developments in the economy. The Philippine Stock […] The post PSEi falls even as rest of Asia cheers Xi’s assurance appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 10th, 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

PH stocks rebound, back to 8,000 level

  Philippine stocks rebounded with the rest of the region on Tuesday as worries over a trade war between the United States and China eased. The benchmark Philippine Stock Exchange Index (PSEi) rose 1.45 percent or 114.65 points to 8,047.03 yesterday after reports emerged on potential negotiations between the US and China. The broader all shares index was up 1.21 percent to 4,854.46. All subsectors ended in the green, with financials posting the biggest gain at 2.21 percent. It was followed by property, up 1.99 percent, services, up 0.93 percent, and industrial companies, up 0.92 percent. Still, trading was relatively thin as investors likely stayed away from takin...Keep on reading: PH stocks rebound, back to 8,000 level.....»»

Category: newsSource:  inquirerRelated NewsMar 28th, 2018

Stocks down on US tariff fears ahead of Lenten break

PHILIPPINE shares fell further in early trading Monday on extended profit-taking after US President Donald Trump announced his administration planned to slap a 25 percent tariff on Chinese imports. The benchmark Philippine Stock Exchange index (PSEi) dropped 131.97 points or 1.66 percent in morning trade to pause at 7,838.83. The wider All Shares shed 67.41 points or [...] The post Stocks down on US tariff fears ahead of Lenten break appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsMar 26th, 2018

Bargain-hunting lifts PSEi 1.13% in morning trade

SHARE prices rebounded in early trading on Thursday as investors went bargain-hunting after three straight sessions of being in the red. The bellwether index grew 1.13 percent or 89.18 points to 7,998.25. The broader All Shares rose 0.96 percent or 45.80 points to 4,834.86. “This is a technical bounce after several days of run-up. Several investors opted [...] The post Bargain-hunting lifts PSEi 1.13% in morning trade appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMar 22nd, 2018

Dollar down, Asian stocks swing as Fed sticks at three

The dollar extended losses, Treasuries rose and Asian stocks fluctuated as traders assessed the implications of higher borrowing costs in the U.S. and China alongside global trade tensions, with President Donald Trump set to announce tariffs against Asia’s largest economy on Thursday. Japanese and Korean stocks pared early gains while Hong Kong and Chinese shares […] The post Dollar down, Asian stocks swing as Fed sticks at three appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 22nd, 2018

PSEi snaps 3-day losing streak on US rally

LOCAL shares snapped their three-day losing streak in early trading on Monday as sentiment was lifted by the gains on Wall Street on Friday after February US jobs data came in better than expected. At the noon break, the bellwether Philippine Stock Exchange index (PSEi) was up 97.33 points or 1.16 percent at 8,469.84.  The wider All Shares index was up 44.63 [...] The post PSEi snaps 3-day losing streak on US rally appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsMar 12th, 2018

RCBC raises $300M from notes issue

Bracing for a rapid growth in lending activity in line with the country's expanding economy, Yuchengco-led Rizal Commercial Banking Corp. (RCBC) raised $300 million from the sale of five-year debt notes and is raising another $300 million (P15 billion) from the sale of new shares to existing investors by June. RCBC president Gil Buenaventura said the proposed stock rights offering would complement the bond offering. "All this fundraising is meant to support the anticipated double-digit growth in loans," he said. For the first time since 2015, RCBC tapped the overseas bond market with the issuance of five-year bonds that were priced to yield 4.125 percent a year. "This is clearly...Keep on reading: RCBC raises $300M from notes issue.....»»

Category: newsSource:  inquirerRelated NewsMar 9th, 2018