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Stocks dive further on US-North Korea tension

2017-08-11 philstar
MANILA, Philippines - Share prices continued to fall yesterday as intensifying tensions between the United States and North Korea dampen buying sentiment, analysts said yesterday.

PH stocks continue downturn, on 3-day slide

The local stock barometer slipped for the third straight session on Thursday after failing anew to stay above the 8,000 mark in intra-day trade.

Stock investors stay on sidelines

2017-08-10 philstar
MANILA, Philippines - Risk averse investors continued to stay away from the market yesterday on lingering concerns over tensions between North Korea and the United States.

Half-year Report

2017-08-03 londonstockexchange
This report contains terminology that may be unfamiliar to some readers.  The Glossary gives definitions for frequently used terms.

Bread prices seen rising

Consumers should brace themselves for possible increases in bread prices in the second half of the year, as drought in the United States has caused world wheat prices to rise by as much as 50 percent.

BSP eyes breach of internal controls in Metrobank case

Metropolitan Bank and Trust Co. could be sanctioned by the Bangko Sentral ng Pilipinas (BSP) if management is found to have breached internal controls following the BSP’s probe into a massive internal fraud incident that involved anywhere from P900 million to P2.5 billion.

Internal controls

2017-07-25 philstar
There have been recent lapses in bank internal controls that make it inappropriate for banks and the BSP to claim the incidents are isolated. The latest case at Metrobank is the most shocking since the RCBC money laundering case happened.

Duterte avenges rejection of Lopez by CA

President Duterte took an oblique swipe at the bicameral Commission on Appointments (CA) in his State of the Nation Address (Sona) when he repeatedly attacked mining firms for destroying the environment.

Exec in Metrobank fraud charged

Members of National Bureau of Investigation-Anti Fraud Division arrested Maria Victoria ‘Marivic’ Lopez, head of the Metrobanks’ Corporate Service Management for alleged qualified theft, falsification and violation of the General Banking Law on a entrapment operation during press briefing in NBI office, Manila. INQUIRER PHOTO / RICHARD A. REYES

Metrobank probes possible conspiracy

Members of National Bureau of Investigation-Anti Fraud Division arrested Ma. Victoria ‘Marivic’ Lopez, head of the Metrobanks’ Corporate Service Management for alleged qualified theft, falsification and violation of the General Banking Law on a entrapment operation during press briefing in NBI office, Manila. INQUIRER PHOTO / RICHARD A. REYES

NBI files raps vs Metrobank exec for ‘internal bank’ fraud

The National Bureau of Investigation (NBI) has filed before the Makati Prosecutor’s Office a criminal complaint against the Metropolitan Bank and Trust Company (Metrobank) executive, who was arrested last Monday for attempting to pocket P2.25-million loan payment of one of its major corporate clients.

House to initiate inquiry into Metrobank ‘internal fraud’

The chair of the House committee on banks and financial intermediaries on Friday called a congressional investigation into an “alarming” case of internal fraud amounting to P900 million that rocked Metropolitan Bank and Trust Co. (Metrobank), the country’s second-largest bank.

P900-M internal fraud rocks Metrobank

Metropolitan Bank and Trust Co. (Metrobank), the country’s second-largest bank, has been hit by internal fraud that a senior official allegedly perpetrated, causing it to lose at least P900 million.

How exchange rates affect stock market

It has always been observed that the peso-dollar exchange rate has an inverse relationship with the stock market so that whenever the PSE index rises or falls, the price of dollar in pesos decreases or increases, or vice versa, by end of the day.

URC urges lawmakers to reconsider higher taxes on beverages, salty foods

2017-06-29 philstar
MANILA, Philippines - Universal Robina Corp. (URC), the food and beverage arm of the Gokongwei Group, is urging government and lawmakers to consider the industry’s position on the proposed higher excise tax on sugar sweetened beverages (SSBs).

URC braces for rally after Vietnam hitch

Regional industrial powerhouse Universal Robina Corp. (URC) sees a path to recovery this 2017 following the unexpected recall of its beverage brands in Vietnam alongside cutthroat domestic competition that gnawed on earnings last year.

JG Summit bulks up 2017 capex to P48 B

2017-06-28 philstar
MANILA, Philippines -  JG Summit Holdings Inc. is setting off on a more aggressive capital spending program this year as it seeks better positioning for its various businesses to counter emerging challenges on the external front.

JG Summit sets P48.2B capital spending

Industrial conglomerate JG Summit Holdings Inc. has budgeted P48.2 billion for capital spending this year as the group starts a new phase of expansion program for its pioneering petrochemical business.

Hong Kong and Australia’s favorite real good soy milk is now in Manila

A trip to your local supermarket or convenience store will tell you that the chiller section is loaded with drinks of all kinds, shapes, and flavors. With the variety of beverages available, it can get a bit confusing to choose which one we want to take to the counter. However, what can make your decision easier is seeing whether or not a drink has any nutritional benefits. More often than not, those that are packed with sugar and artificial flavors offer nothing more than just good taste.

Humanitarian efforts for Marawi

2017-06-21 philstar
The sacrifices of our soldiers are well recognized not only by their families, but also by the whole country. As days pass by in the battle of Marawi, the prayers for the war to end continues.

Go Negosyo Kapatids Send Care Packages

2017-06-14 philstar
In our battle for peace, we often forget to give credit and gratitude to the brave men who are front liners in protecting our brothers and sisters. Upon reaching the battle ground, their lives are already in danger. As they say, they have their one foot in the grave already. And that is the sad reality brought by these wars.

Stock index down ahead of Fed meet

The local stock barometer pulled back yesterday as domestic investors pocketed gains ahead of the US Federal Reserve’s monetary decision.

Main stock price index up slightly as investors stay on sidelines

Local stocks rose in light trading yesterday after President Duterte’s decision to declare martial rule in Mindanao in response to a terrorist attack in the city of Marawi.

SE Asia stocks rise in line with Asian peers; Indonesia hits fresh high

2017-05-22 themalaymailonline
The Jakarta SE Composite Index rose as much as 1.4 per cent on the back of gains in financial and consumer discretionary stocks. — Reuters picSINGAPORE, May 22 — South-east Asian stock markets rose on today, in line with Asian peers on cues from Wall Street and firm crude oil prices amid continued US political uncertainty.

Local stock price index ends slightly higher despite foreign selling

The local stock barometer firmed up slightly yesterday as domestic investors picked up shares when the index neared the 7,700 barrier.

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