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Amid bearish sentiment, bargain hunting could lift stocks
The stock market is expected to sustain its bearish sentiment this week, but potential bargain hunting may eventually lift shares out of the doldrums......»»
Charter Day bonus for gov’t employees may be more than P25k
CEBU CITY, Philippines – Casual and regular employees of the Cebu City government may receive a Charter Day bonus exceeding P25,000. This was revealed by Cebu City Councilor Noel Wenceslao, who chairs the committee on budget and finance. In an interview over a Teleradyo program earlier this week, Wenceslao mentioned the possibility of city hall.....»»
Indonesian Vice President to visit New Zealand
Indonesia's Vice President Ma'ruf Amin will visit New Zealand next week, the first here by an Indonesian leader since 2018, Deputy Prime Minister Winston Peters has announced."New Zealand and Indonesia have a strong partnership," Mr Peters says. "The Vice President's visit is an opportunity to discuss how we can strengthen this further, building on 65 years of par.....»»
Thin volume seen on short trading week
Local stocks are expected to move sideways this week with only three trading days due to the Holy Week break......»»
Quick look at the week ahead
Domestically, this week is all about the preferred shares listings that we’ll have at the end of the week with Century Properties and CPGPB going live on Thursday, and A Brown and BRNPB/BRNPC going live on Friday......»»
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......»»
BSP: Consumers may shoulder P15.7 billion power generation cost
The Bangko Sentral ng Pilipinas expects electricity rates to increase further as around P15.77 billion worth of power generation cost may be passed on to consumers over the next three years......»»
Warning ng PAGASA ngayong Holy Week: ‘Mag-ingat dahil mas magiging mainit’
ILANG araw nalang, Holy Week na! For sure, marami sa inyo ang may lakad at bakasyon upang sulitin ang ilang araw na walang pasok. Dahil diyan, may paalala ang Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA), lalo na’t idineklara na ang panahon ng tag-init. Sinabi ni PAGASA chief Dr. Nathaniel Servando, magiging mas mainit.....»»
A Filipino TNC
An all Filipino transport network company is joining the market and is aiming to eventually become the Philippine’s number one TNC, and further into the future, even go international......»»
Historically low valuation
The Philippine stock market bloodbath over the past two years saw the PSEi plummet from 7,122.6 on the last trading day of 2021 to 6,566.4 on the last trading day of 2022 for a 7.8 percent annual retreat and slide even further in 2023 to close at 6,450.0 on the last trading day of the year. In terms of valuation, the PSEi’s 2023 year-end 12.9x price-to-earnings (P/E) ratio does not fare well when compared against its past performance in prior years......»»
DALI gears up for expansion
The newest challenger in the local retail market, DALI Everyday Grocery, is giving retail giants a run for their money as it gears up for further expansion in a bid to reach more Filipino consumers whose pockets are hurting from high commodity prices......»»
Market still not conducive for IPO
PNB Holdings Corp., a wholly-owned subsidiary of the Philippine National Bank, is ready to conduct an initial public offering, according to Carlu Fernandez, Philippine Airlines’ general counsel, but market conditions are still not conducive to an IPO at this time......»»
Spring housing market heating up, but rising rates pose challenges for buyers
The housing market’s spring selling season is anticipated to be more robust this year as inventory continues to increase, a positive sign for buyers looking.....»»
CitySavings Named One of the 2024 Philippines’ Growth Champions
City Savings Bank (CitySavings) continues to cement its position to become the leading mass market bank in the country with its inclusion as one of the 2024 Philippines’ Growth Champions. The Philippine Daily Inquirer released the report with international market research firm Statista. This year’s Philippines’ Growth Champions are companies with remarkable growth and resilience […].....»»
Colon Night Market set to close on January 31
CEBU CITY, Philippines – The Colon Night Market is set to conclude its operations on Wednesday, January 31. This information was shared by Maria Pino, president of the Cebu City United Vendors Association Inc. (CCUVA), on January 26 through the Cebu City News and Information Facebook page that is managed by the Cebu City Public.....»»
Dot Property Southeast Asia Awards 2023 celebrates foremost developers, projects and agencies
The Southeast Asia real estate market currently faces challenges in the face of the global economic environment and tightening access to finance, however, the winners at this eighth annual Dot Property Southeast Asia Awards were celebrated in recognition of their resilience and adaptability to both the evolving needs of home seekers and the surrounding market conditions......»»
GCash preparing for IPO in the last half of 2024
Oscar Reyes Jr., the CEO of GCash operator G-Xchange [link], said that they’re “preparing internally so that we can be ready this year” for an IPO, but clarified that “it is a question of the market, not of GCash, as the market has yet to rebound fully.”.....»»
Fire razes San Fernando, La Union public market
A six-hour fire destroyed the public market in this city at dawn yesterday......»»
Fuel prices seen to increase next week
Pump prices of fuel products are set to increase again next week due to the weaker peso and production cuts in the global oil market, according to the forecast of the Department of Energy (DOE)......»»
Oil prices seen to decline again next week
Pump prices for fuel products could decline again next week, as oil prices in the Asian market fell amid favorable global political and economic conditions, according to the Department of Energy......»»