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The Wallenberg whirlwind trip
It may have been a quick three-day trip to the Philippines of a member of Sweden’s richest business family, but Mr. Marcus Wallenberg, chairman of both SEB, a leading North European financial group with a current market value of $30.61 billion (approximately P1.7 trillion) as of March 2024, and Saab, a prominent Swedish defense and security company with a market value of $10.36 billion (roughly P580.18 billion) as of the same period, managed to pack in several key meetings on his second day......»»
Lapu-Lapu police nab ‘masterminds’ in murder of night market collector
LAPU-LAPU CITY, Cebu — Policemen in Lapu-Lapu City have arrested the two individuals who were tagged as the alleged masterminds in the murder of night market collector Christopher Ceniza last January 2. Helen Madal, the head of the city’s clearing team, and her ‘right-hand man’ Reynan Maloloy-on were arrested on Thursday, March 14, in their.....»»
Consumers express mixed reactions on slight power rate increase
Consumers of Davao Light and Power Co., Inc. have expressed mixed reactions to a slight increase in the overall power rate starting January 2024. The increase is attributed to higher market prices affecting the generation rate. Noriza Mabanding, a virtual assistant, noted the impact on her energy usage and the need to schedule appliance usage to save energy. Jenalyn Manguiob, a small business owner, expressed dissatisfaction with the increase's effect on her business but acknowledged the global market's influence and the importance of conserving energy. The increase amounts to P0.0774 per kWh, resulting in a minor increase in electricity bills for residential customers......»»
Mati City, 10 municipalities in Davao Oriental suspend classes, work
Following the impact of a Low-Pressure Area (LPA) affecting Northern and Southern Mindanao, local government units (LGUs) in Davao Oriental have collectively suspended classes and government and private offices. The City of Mati and 10 municipalities, including Baganga, Governor Generoso, Cateel, and others, have issued Executive Orders in line with Presidential Executive Order No. 66, series of 2012. The Philippine Atmospheric, Geophysical and Astronomical Services Administration (Pagasa) has forecasted moderate to heavy rains in Davao Oriental due to the Northeast Monsoon (Amihan) and LPA, posing a risk of landslides and flash floods. The Provincial Local Government Unit of Davao Oriental and Municipal Disaster Risk Reduction Management Councils have reported landslides in Lupon and Cateel, with ongoing clearing operations. The Bureau of Fire Protection and other government agencies have rescued families affected by flash floods in Cateel and Caraga. Franz Irag from the Office of Civil Defense-Davao Region confirmed that around 200 individuals or close to 500 families in Davao Region have been displaced and are now in evacuation centers. Additionally, five LGUs in the province of Davao de Oro have also declared the suspension of classes and work in both public and private offices......»»
MSMEs urged to protect IP for market growth
MSMEs urged to protect IP for market growth.....»»
ERC binawi ang suspensiyon ng spot market sa Luzon
Binawi na ng Energy Regulatory Commission (ERC) ang suspensiyon sa operasyon ng Wholesale Electricity Spot Market (WESM) sa Luzon epektibo Mayo 30 o Huwebes ng gabi. The post ERC binawi ang suspensiyon ng spot market sa Luzon first appeared on Abante......»»
Bargain hunting snaps market’s losing streak streak
Share prices soared back to life, snapping the market’s five-day losing streak......»»
CSF market plaza now with Paleng-QR, elevator
CSF market plaza now with Paleng-QR, elevator.....»»
GStocks propels gains in stock market accounts
The Philippine Stock Exchange Inc. said stock market accounts expanded by double digits last year, driven primarily by new accounts opened through the GStocksPH platform......»»
Home Alone house back in market for P306 million
The iconic McCallister house from the first "Home Alone" movie is on the market for $5.25 million or nearly P306 million......»»
PNB eyes $300 million in return to offshore debt market
Lucio Tan-led Philippine National Bank is looking to return to the offshore debt market this year to raise at least $300 million from the issuance of dollar bonds......»»
DA appeals to open market in Japan for avocados
The Department of Agriculture is hopeful that the Philippines can finally export Hass avocados to Japan starting this year, taking a bite of the East Asian country’s $150 million market......»»
BSP to pilot Paleng-QR Plus in Bulacan public market
BSP to pilot Paleng-QR Plus in Bulacan public market.....»»
Cautious investors end brief market rally
The stock market snapped its brief two-day climb as investors stayed on a wait-and-see mode ahead of the BSP’s policy meeting......»»
Fintech company bullish in PH market
Fintech company bullish in PH market.....»»
Converge, Naver to offer more cloud solutions in Philippine market
Converge, Naver to offer more cloud solutions in Philippine market.....»»
Below target growth dampens market
The stock market plunged yesterday as the below target economic expansion in the first quarter did not sit well with investors......»»
Philippines returns to international dollar bond market
The Philippines has returned to the international bond market via a dual-tranche US dollar-denominated bond offering, seeking financial support for the state’s budgetary needs......»»
OceanaGold Philippines all set for stock market debut
OceanaGold (Philippines) Inc., the operator of Didipio gold and copper mine in Nueva Vizcaya, hurdled the final regulatory clearance for its initial public offering, paving the way for its market debut on May 13......»»
Strong corporate earnings boost market
The stock market advanced for a fifth straight session yesterday as strong corporate earnings in the first quarter helped buck negative cues from Wall Street overnight......»»