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Market to trade in narrow range

Share prices are expected to remain range-bound this week on foreign selling and lack of catalysts to push the market higher......»»

Category: financeSource: thestandard thestandardSep 7th, 2020

Market likely to trade in narrow range this week

Trading at the Philippine Stock Exchange is expected to move in a narrow range during the shortened trading week on concerns over the possible increase in COVID-19 cases in the country this holiday season......»»

Category: sportsSource:  abscbnRelated NewsDec 21st, 2020

Market to trade in narrow range

Share prices are expected to remain range-bound this week on foreign selling and lack of catalysts to push the market higher......»»

Category: financeSource:  thestandardRelated NewsSep 7th, 2020

Market investors cautious; eyes on new strain of virus

Share prices are expected to expected to move sideways this week on narrow range during the last two trading days of the year on concerns about the new COVID-19 virus strain......»»

Category: lifestyleSource:  abscbnRelated NewsDec 27th, 2020

PH eyes modest $31-M export deals at China expo participation

The Philippine delegation is targeting to attract over 1,300 buyers and generate a modest  $31 million worth export deals at the upcoming China International Import Expo (CIIE),  significantly lower than the $300 million the Philippines realized during last year’s China International Import Exposition (CIIE). Trade and Industry Secretary Ramon M. Lopez said the apparently lower sales target this year may mean on the spot deals only and may not include post CIIE sales attributed to said expo. “Factoring also that this year is Pandemic year. This is a hybrid show this year, where the goods are displayed but negotiations are done via the online B2B facility.  The target is also based on the reduced pavilion size this year, as well as the projected decrease in the number of buyers attending CIIE this year,” said Lopez. Philippine mango and pili nuts are among the products that will be showcased under the FOODPhilippines Pavilion. Already, DTI’s Export Marketing Board and the Center for International Trade Expositions and Missions (CITEM) facilitated initial talks with the Philippine delegation and 40 Chinese buyers in a video conferencing. These Chinese buyers are importers, distributors, and retailers. During last year’s CIIE, Philippine exhibitors booked around $300 million in sales at the second CIIE, more than double the $124 million recorded sales in 2018. This year’s third CIIE will be held on Nov. 5-10 in Shanghai. In the B2B session, Chinese buyers expressed interest in working together with Philippine companies that produce fresh fruits and vegetables, chocolates, healthy snacks, seafood, beverages, and condiments.  For this hybrid participation, there will be a mix of physical product presentation in the pavilion that will be facilitated by onsite officers from the DTI trade posts in China and online B2B matching activities between our companies in Manila and the Chinese buyers who will visit the Philippine booth in Shanghai, according to CITEM Executive Director Pauline Suaco-Juan. With the theme “Healthy and Natural,” 40 Philippine companies will exhibit and sample the country’s wide range of tropical fruits and vegetables, processed fruits and nuts, healthy snacks, seafood and marine products, and other premium food selections. The FOODPhilippines pavilion will feature interactive conference pods for the first time in CIIE to enable virtual business-to-business (B2B) activities and video conferencing. In place of actual Philippine exhibitors manning the booths, Philippine Commercial Counsellors will represent the government and exhibitors, promote exhibitor brands and products onsite, and relay all business leads and contacts generated during the show. The participation in CIIE is organized in partnership with the Foreign Trade Services Corps (FTSC) through the Philippine Trade & Investment Centers (PTICs) in Beijing, Shanghai, Guangzhou, and Hong Kong, and the Export Marketing Bureau (EMB). Government partners are the Department of Agriculture (DA) through the Office of the Agricultural Counsellor in Beijing (DA-OAC-Beijing) and the Department of Foreign Affairs (DFA). The Philippine mango and pili nuts are among the products that will be showcased under the FOODPhilippines Pavilion.project is likewise supported by business associations such as the Philippine Exporters Confederation, Inc. (PHILEXPORT) and the Federation of Filipino-Chinese Chambers of Commerce & Industry, Inc. (FFCCCII).          Leading the FOODPhilippines’ opening in CIIE are representatives from the Philippines and China, namely the Philippine Ambassador to China Jose Santiago Sta. Romana, Philippines’ DTI Secretary Ramon M. Lopez, FFCCCII President Dr. Henry Lim Bon Liong, and Deputy Director General Yang Weiqun from the Department of Asian Affairs of China’s Ministry of Commerce (MOFCOM). Under the FOODPhilippines delegation, 40 companies that will highlight tropical fruits and vegetables will be Hilas Marketing Corporation, Agrinurture, Inc., Mancoco Food Processing, Inc., Excellent Quality Goods Supply Company, Castillo Import Export Ventures Inc., Doxo International Trading, Magsasakang Progresibo Marketing Cooperative, See’s International Food Mfg, Corp., Century Pacific Agricultural Ventures, Inc., Team Asia Corporation, Eau de Coco, Inc., Eng Seng Food Products, Greenlife Coconut Products Philippines, Inc., Tongsan Industrial Development Corporation, Islandfun Inc., Limketkai Manufacturing Corporation (LMC), KLT Fruits, Inc., Zigmund Enterprise, Business Innovations Gateway, Inc., Sangkutsa Food Products, Inc., AG Grays Farm, Marigold Manufacturing Corporation, and the Federation of People’s Sustainable Development Cooperative. To show its goodwill to the Chinese market, the Philippine delegation will donate healthy products to Food Bank China as part of the launch of the Shanghai Food Bank Project with Liwayway China on November 5. The donation will include 200 packs of banana chips from Excellent Quality Goods Supply Company, 50 tuna packs of premium handline tuna from Century Pacific Food Inc., and bundles of virgin coconut oil (VCO) and various coconut products from Team Asia Corporation. The food donation to the Food Bank China serves as a way of giving back and a token of appreciation to the Chinese community for its continued support towards the Filipino representatives and communities in China, according to Commercial Vice Consul Mario Tani of the PTIC in Shanghai. Meanwhile, healthy snack varieties will be showcased by Magic Melt Foods Inc., Sandria’s Delicious Concept, Vegetari Vegetarian Products, Market Reach International Resources, SL Agritech Corporation, and the Philippine Franchise Association. Tuna and other seafood selections will be presented by Century Pacific Food Inc., Universal Canning, Inc., Fisher Farms, Incorporated, Jam Seafoods, Inc., Phil. Union Frozen Foods, Inc., and Gerabuenas Trading. Likewise, premium food selections will be offered by Global Basic Co., Ltd, Subic Superfood Incorporated, Chocoloco, Inc., Filipinas de Oro de Cacao, Inc., and Seabeth Food Processing......»»

Category: newsSource:  mb.com.phRelated NewsNov 8th, 2020

Stock market to trade in tight range

The stock market will likely trade within a tight range this week week due to lack of significant catalysts that could push it out out of its sideways movement......»»

Category: financeSource:  thestandardRelated NewsOct 18th, 2020

The ten most intriguing NBA free agents for 2019

By John Schuhmann, NBA.com We knew that the postseason would affect free agency. But the idea was that the success or failure of certain teams would affect what their free agents' thoughts about staying or leaving. Unfortunately, the last two games of The Finals brought devastating injuries to two of the three most coveted free agents on the market. Kevin Durant, arguably the best player in the world, tore his Achilles in Game 5, just 12 minutes into his return from a calf injury. And Klay Thompson tore his ACL in Game 6. The two injuries will certainly have repercussions beyond the two players and the Golden State Warriors. Maybe they already have. With the Western Conference seemingly wide open next season, the Los Angeles Lakers have reportedly made a deal for Anthony Davis, sending a bevy of young players and future picks to New Orleans so they can team the 26-year-old star with 34-year-old LeBron James ... and maybe another star added in free agency. As always, the free agent market and the trade market are tied together. The pending Davis trade could affect the decisions of players and teams come July 1. And if teams miss out on the free agents they're seeking, they could always fill their cap space by making a trade. With all that in mind, the players listed below aren't necessarily the 10 best free agents (or potential free agents). They're the 10 (actually 12) most interesting in regard to where they're going and what kind of contract they get. For players to be on this list, there needs to be some intrigue regarding their (and/or their team's) decision this summer. That's why Thompson isn't included. 1. Kawhi Leonard, Toronto (Player option) Whether he leaves or not, trading for Leonard last summer was well worth it for the Raptors, who won their first championship, with Leonard averaging 30.5 points per game in the postseason. The Raptors' "load management" program (which limited Leonard to just 60 games in the regular season) clearly worked, and director of sports science Alex McKechnie should be seen as a major asset in the quest to keep Leonard in Toronto. There should be a "run-it-back" sentiment for the new champs, with Danny Green also a free agent and Marc Gasol holding a player option this summer. A short-term deal would make sense, unless Leonard is looking for long-term security, having missed almost all of the 2017-18 season with a leg injury. It's all up to Leonard, maybe the toughest player in the league to read. If he takes his two-way talent elsewhere, the Raptors may have to go in a new direction. Number to know: In the postseason, Leonard had a true shooting percentage of 69.1 percent, the highest mark for a player that averaged at least 30 points per game in the playoffs and won the championship. 2. Kevin Durant, Golden State (Player option) Durant's torn Achilles probably won't scare any team, including the Warriors, from paying him as much as possible. As deep and talented as this free agent class is, the top two guys on this list are in a class by themselves. Rumors have long had Durant ready to leave Golden State and even with his injury, he seems more likely than Thompson to find a new home. But an ESPN report had Thompson's father talking about "unfinished business" after overhearing a conversation between the two injured Warriors. Durant could always put free agency off for a year by exercising his player option and remaining on the Warriors' payroll through his rehab. Number to know: Durant was the first player in NBA history to average 30 points per game in at least 10 playoff games while shooting at least 50 percent from the field, 40 percent from three-point range and 90 percent from the free throw line. 3. Kyrie Irving, Boston The disappointment of the Celtics' season, along with Irving's questionable leadership with a group that underachieved, has taken some of the shine off his star. Irving's injury history also must be taken into consideration. But talent is the most important thing in this league and Irving is one of its most talented players. He's still just 27-years-old and he can still get buckets when buckets are needed. A return to Boston appears far less likely than it did six months ago (especially with Davis being traded elsewhere) and there have been a lot of signals that Irving is bound for Brooklyn. Number to know: In the regular season, Irving had an effective field goal percentage of 56.1 percent with the score within five points in the last five minutes of the fourth quarter or overtime, the second-best mark among player with at least 50 clutch field goal attempts. 4. Jimmy Butler and Tobias Harris, Philadelphia The Sixers lost to the eventual NBA champions on a Game 7 buzzer-beater that bounced on the rim four times before falling through. They're right there. But their starting lineup, which outscored its opponents by more than 21 points per 100 possessions in 334 total minutes (regular season and playoffs), includes three free agents. In regard to future assets, the Sixers didn't give up as much for Butler as they did for Harris. And of course, Butler has more baggage in regard to accepting his role. But, with his defense and his ability to get his own shot, he's is the most important of the three. Harris struggled a bit in the conference semifinals against Toronto and is the least important of the Sixers' three free-agent starters; J.J. Redick's shooting was clearly more critical in the postseason. But Harris isn't easily replaceable and he appears to be the most likely to leave, with a lot of teams looking for versatile forwards. Number to know: In the regular season, Harris shot 41.3 percent on pull-up three-pointers, the second-best mark among 69 players who attempted at least 100. 5. Kemba Walker, Charlotte Walker has expressed some level of loyalty to the Hornets. But immediately after the Davis trade was agreed to, there was a report that Walker would be a "top target" of the Lakers with their cap space. Walker would be an ideal offensive complement to James and Davis, in that he can play off the ball (though he shot less than 35 percent on catch-and-shoot three-pointers last season) and take some of the playmaking burden off of James' shoulders. The Hornets, meanwhile, would likely have a tough time upgrading their roster around Walker, with Nicolas Batum, Bismack Biyombo, Michael Kidd-Gilchrist, Marvin Williams and Cody Zeller all under contract next season for a total of $85 million. Number to know: Walker led the league with 126 field goal attempts with the score within five points in the last five minutes. That was 43 percent of the Hornets' total (295). His effective field goal percentage on those shots (49.6 percent) ranked 15th among 45 players with at least 50 clutch field goal attempts. 6. D'Angelo Russell, Brooklyn (Restricted) A finalist for the Most Improved award, Russell took a big step forward this season, both in regard to his production and his maturity. He earned himself an All-Star appearance and helped the Nets reach the playoffs with a 14-win increase from last season. He's only 23-years-old and is one of the league's most flammable shooters. But because he doesn't get to the basket or the free throw line very often, Russell is neither all that efficient (his true shooting percentage of 53.3 percent ranked 66th among 94 guards with at least 500 field goal attempts) nor consistent, and he struggled (shooting 36 percent) in Brooklyn's first-round loss to Philadelphia. If the Nets are targeting another ball-handler in free agency (with Caris LeVert and Spencer Dinwiddie already under contract), they'll probably let Russell head elsewhere. Number to know: In the regular season, Russell ranked second with 11.4 pick-and-roll ball-handler possessions per game. He scored 0.89 points per possession as a pick-and-roll ball-handler, the 26th best mark among 44 players that averaged at least five ball-handler possessions. 7. DeMarcus Cousins and Kevon Looney, Golden State Cousins hadn't made it back to 100 percent from his Achilles tear before he suffered a torn quad in his second career playoff game. He made it back for The Finals from that injury and showed flashes of his old self with 14 important points in the Warriors' Game 5 win and a big bucket in the final minute of Game 6. But he also struggled on both ends of the floor at times, and the Warriors were outscored with him on the floor in seven of his eight playoff games. Now he goes back on the free agent market with teams still not sure of what they're getting. Looney is an unrestricted free agent at 23-years-old, and he was the Warriors' most important center this season. The Western Conference champs have Looney's Bird rights, but they could also be spending a lot of money to retain Durant and Thompson (and possibly extend Draymond Green). Another team might have a larger role and more money for an improving young big. Number to know: In the regular season, the Warriors' lineup of Curry, Thompson, Durant, Green and Looney scored 121.5 points per 100 possessions and outscored opponents by 18.7 per 100. Those were the best marks for points scored and point differential per 100 possessions among 40 league-wide lineups that played at least 200 minutes together. 8. Malcolm Brogdon, Milwaukee (Restricted) The Milwaukee Bucks were the best team in the league through the first two games of the Eastern Conference finals. But, with four of their top eight players being free agents (or potential free agents) this summer, they have a lot of work to do if they want to keep Giannis Antetokounmpo surrounded by players who can get it done on both ends of the floor. Brogdon, Khris Middleton and Brook Lopez are the three key pieces. They're all due a pay raise and they all belong on this list. Brogdon is the restricted free agent, but he's also the youngest of the three (he'll be 27 in December) and the one that could be projected into a larger role on another team. Number to know: Brogdon shot 47.5 percent on catch-and-shoot three-pointers, the third-best mark among 223 players who attempted at least 100. 9. Julius Randle, New Orleans (Player option) After five years in the league, Randle is still just 24-years-old. So he's not necessarily a bad fit for David Griffin's plans for the future in New Orleans. But the Pelicans might not be ready to commit the money Randle is seeking (should he opt out of the final year of his contract) after averaging a career-high 21.4 points per game. Defense remains an issue, but Randle has expanded his offensive skill set; he was a respectable 34.4 percent from three-point range this season, taking 18 percent of his shots from beyond the arc (up from six percent over his three previous full seasons). Number to know: Randle averaged 13.2 points in the paint per game, seventh most in the league, and he made more three-pointers (67) than all but one of the six players in front of him. 10. Ricky Rubio, Utah According to Rubio himself, he's not Utah's top priority in free agency. He remains a good defender and one of the league's best passers, but the Jazz need to get more potent offensively if they're going to take the next step. At 31.1 percent, Rubio ranked 153rd in three-point percentage among 163 players with at least 200 attempts. There could be as many as 10 teams (not including the Jazz) in need of a starting point guard this summer, and Rubio could have more value on a team more in need of a distributor. Number to know: The Jazz were 5.8 points per 100 possessions better offensively with both Rubio and Donovan Mitchell on the floor (scoring 110.4 per 100) than they were with Mitchell on the floor without Rubio (104.6). John Schuhmann is a senior stats analyst for NBA.com. You can e-mail him here, find his archive here and follow him on Twitter. The views on this page do not necessarily reflect the views of the NBA, its clubs or Turner Broadcasting......»»

Category: sportsSource:  abscbnRelated NewsJun 17th, 2019

Lackluster trading to continue this week

The local stock market will continue to trade sideways this week amid lack of fresh triggers......»»

Category: financeSource:  philstarRelated NewsMay 16th, 2021

Stock market ends six-day slump

Stocks rose Monday to end a six-day slump on bargain hunting and an improving trade outlook......»»

Category: financeSource:  thestandardRelated NewsMay 11th, 2021

The Suez traffic jam and its ripple effect

One ship, one narrow shipping canal, one strong dust storm, and suddenly global trade is in chaos......»»

Category: financeSource:  philstarRelated NewsMay 5th, 2021

Market may trade at 6,600-6,700 level

The stock market is expected to remain in the doldrums this week as the COVID-19 cases in the country continue to rise at an alarming rate......»»

Category: newsSource:  philstarRelated NewsMar 21st, 2021

Market wary of rising inflation rate

Share prices are expected to trade sideways this week amid concerns over a possible interest rate squeeze due to rising inflation rate......»»

Category: financeSource:  thestandardRelated NewsMar 7th, 2021

Palm oil dispute fuels Swiss vote on Jakarta deal

Zurich, Switzerland---Switzerland votes Sunday on a free trade deal with Indonesia but the agreement, which opens up a vast potential market, could slip up over the issue of palm oil imports......»»

Category: financeSource:  thestandardRelated NewsMar 6th, 2021

MSMEs sell over P360 million via Go Lokal!

Sales generated through the Go Lokal! market access program for micro, small and medium enterprises have reached over P360 million as of November last year, the Department of Trade and Industry said......»»

Category: newsSource:  philstarRelated NewsFeb 28th, 2021

Market cautious, awaits less rigid quarantine rules

Share prices are expected to trade sideways with a positive momentum during this shortened trading week as the government considers further relaxation of quarantine measures......»»

Category: financeSource:  thestandardRelated NewsFeb 21st, 2021

Duterte orders crackdown on pork hoarders, profiteers

To address the spiraling market prices of pork and chicken, President Duterte ordered the trade and agriculture departments to coordinate with law enforcement units in hunting down smugglers, profiteers and hoarders of food commodities......»»

Category: newsSource:  philstarRelated NewsFeb 5th, 2021

CJ Trade sealed; bolts acquire belo for amer

PBA teams looking to shore up their rosters are cranking it up in the trade market......»»

Category: sportsSource:  philstarRelated NewsFeb 3rd, 2021

More local investors trade in stock market

Domestic retail and institutional investors dominated trading during the first month of the year, accounting for 75.3 percent of value turnover, according to data from the Philippine Stock Exchange......»»

Category: financeSource:  thestandardRelated NewsJan 31st, 2021

UK seeks entry to Asia-Pacific free trade bloc

London---Britain will apply to join a massive 11-nation free-trade bloc of Asia-Pacific countries, it announced Saturday, weeks after leaving the European single market with its departure from the EU......»»

Category: financeSource:  thestandardRelated NewsJan 31st, 2021

Duterte urged to impose a price freeze on pork, veggies

The runaway prices of key food items in the market have prompted local and national agencies to call on President Duterte to implement a price freeze on pork, chicken and vegetables. Following a virtual meeting, officials of the Departments of Agriculture and Trade and Industry, the Metropolitan Manila Development Authority, and chief executives in Metro […] The post Duterte urged to impose a price freeze on pork, veggies appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsJan 24th, 2021

Lenovo introduces ThinkReality A3, the most versatile smart glasses ever designed for the enterprise

During the Consumer Electronics Show (CES®), Lenovo™ introduced the ThinkReality™ A3 lightweight smart glasses. One of the most advanced and versatile enterprise smart glasses to come to market, the ThinkReality A3 is part of comprehensive digital solutions offering to deliver intelligent transformation in business and bring smarter technology to more people......»»

Category: techSource:  thestandardRelated NewsJan 11th, 2021