It is expected to drive companies to list in Hong Kong, if it means they can be exempted from the review says Robert Chan, Chairman of Chan… Read more “What China’s cybersecurity crackdown means for HK’s stock market?”
Category: Stock Exchange
Asian equities sluggish after fresh Wall Street records
HONG KONG – Asian markets struggled on Friday despite Wall Street benchmarks climbing overnight on the back of healthy US economic data. The S&P 500 and Nasdaq… Read more “Asian equities sluggish after fresh Wall Street records”
PAL operator sinks deeper into the red with ₱73B losses in 2020
MANILA (AdChoiceTV News) — The operator of flag carrier Philippine Airlines (PAL) may not have seen the worst of the coronavirus pandemic yet as it continues to… Read more “PAL operator sinks deeper into the red with ₱73B losses in 2020”
Tourism share to economy tumbles by over 61% in 2020
MANILA (AdChoiceTV News) — The tourism industry, among the worst hit by the COVID-19 pandemic, contributed less to the country’s economic output in 2020, data from the… Read more “Tourism share to economy tumbles by over 61% in 2020”
Bitcoin sinks and approaches $30,000
LONDON (AdChoiceTV News) — The price of bitcoin fell sharply on Tuesday, approaching a symbolic $30,000 threshold it has not crossed since January and dragging other cryptocurrencies… Read more “Bitcoin sinks and approaches $30,000”
Betty Ang spends P3.5B to keep Monde Nissin from falling too far below IPO price in opening week
UBS Singapore AG, Ang’s stabilization agent, told the Philippine Stock Exchange (PSE) that it purchased a total of 259.824 million MONDE shares at an average price of… Read more “Betty Ang spends P3.5B to keep Monde Nissin from falling too far below IPO price in opening week”
Stocks index down on profit-taking; peso keeps footing
MANILA (AdChoiceTV News) — The local main stocks gauge ended the week’s first trading day in the negative territory due to profit-taking but the local currency closed… Read more “Stocks index down on profit-taking; peso keeps footing”
ABS-CBN puts up collateral for debt standstill deal
ABS-CBN and its lenders agree on a P14.56-billion mortgage registration, effectively protecting the company from a loan default ABS-CBN Corporation has reached a standstill agreement with lenders… Read more “ABS-CBN puts up collateral for debt standstill deal”
PSEi starts week in green, snaps 3-day downturn
MANILA, Philippines — The stock market opened the week on a positive note yesterday as investors went to hunt for bargains at the last minute, traders said.… Read more “PSEi starts week in green, snaps 3-day downturn”
Louis Vuitton is ‘pleased to welcome’ BTS as its new House Ambassadors
It seems like BTS is on a roll! Just this week, the septet released a commercial for a PH telco, announced a collaboration with a fast food… Read more “Louis Vuitton is ‘pleased to welcome’ BTS as its new House Ambassadors”
Two dead in Tesla crash in Texas that was believed to be driverless
TEXAS, USA (AdChoiceTV News) — Two men died after a Tesla vehicle, which was believed to be operating without anyone in the driver’s seat, crashed into a… Read more “Two dead in Tesla crash in Texas that was believed to be driverless”
Razon sued for ‘ilegally’ ending contract with Solaire developer
MANILA (AdChoiceTV News) — Ports and gaming tycoon Enrique Razon is reportedly facing a lawsuit in the US for allegedly not honoring a contract he forged with… Read more “Razon sued for ‘ilegally’ ending contract with Solaire developer”
KFC offers innovative scheme for franchising
AdChoiceTV News — KFC Philippines is giving investors – even those who have no solid experience in running a quick-service restaurant (QSR) – the opportunity to be… Read more “KFC offers innovative scheme for franchising”
Japanese carmakers assess impact of fire at Renesas chip plant
AdChoiceTV News — Toyota, Nissan, Honda and other Japanese carmakers scrambled on Monday to assess the impact on their production of a fire at a Renesas Electronics… Read more “Japanese carmakers assess impact of fire at Renesas chip plant”
Asia markets swing as inflation fear tempers recovery hope
HONG KONG – Asian markets fluctuated Monday as the battle between economic optimism and fears about the inflation and possible rate hikes the recovery will fuel continues… Read more “Asia markets swing as inflation fear tempers recovery hope”
Davao business-tycoon Dennis Uy downsizes logistics biz, sells entire 2GO stake to SM Group
AdChoiceTV News — Businessman Dennis Uy’s Chelsea Logistics and Infrastructure Holdings Corp. is disposing of its entire stake in 2GO Group Inc. to Sy-led SM Investments Corp.,… Read more “Davao business-tycoon Dennis Uy downsizes logistics biz, sells entire 2GO stake to SM Group”
Stocks climb as investors take cue from Wall Street
AdChoiceTV News — Stocks continued to post modest gains yesterday as investors decided to hunt for bargains, mostly blue chips, battered by heavy selling pressure the past… Read more “Stocks climb as investors take cue from Wall Street”
Philippines vulnerable to rising US yields – S&P
AdChoiceTV News — The Philippines is vulnerable to the impact of rising US yields on financial conditions and growth outlook, but not as much as during the… Read more “Philippines vulnerable to rising US yields – S&P”
Index ends higher on lighter selling pressure
AdChoiceTV News — Share prices finished marginally higher yesterday as investors stay mostly on the sidelines amid worries over the pace of economic recovery, traders said. The… Read more “Index ends higher on lighter selling pressure”
Hong Kong topped economic freedom index for 25 years, NOT ANYMORE this year.
AdChoiceTV News — Hong Kong has been booted off an index of economic freedom that it used to lead, dealing another blow to the city’s standing as… Read more “Hong Kong topped economic freedom index for 25 years, NOT ANYMORE this year.”
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