Stock market today (April 30, 2024): Asian shares mostly rise to start a week full of earnings, Fed meeting
Asian shares mostly rose Tuesday, as investors kept their eyes on potentially market-moving reports expected later this week.
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Asian shares mostly rose Tuesday, as investors kept their eyes on potentially market-moving reports expected later this week.
THE Department of Finance (DOF) has increased the mandated dividend remittance rate of government-owned and -controlled corporations (GOCCs) to the national treasury to at least 75 percent of their net earnings from the minimum 50 percent to improve non-tax revenue collections.
The Manila Electric Co. (Meralco) said it expects to perform better this year as core profit could reach P40 billion, higher than last year’s P37.1 billion.
Isuzu Gencars made a significant investment in acquiring a larger property to accommodate the expansion of the Isuzu San Pablo dealership. After breaking ground in October 2022, Isuzu Gencars announces the soft opening of the new and bigger Isuzu San Pablo showroom today, April 30, 2024. Conveniently located along the national highway, the new site is situated at Km. 85 Maharlika Highway, Barangay San Ignacio, San Pablo City, Laguna.
Chemical manufacturer D&L Industries Inc. on Monday said it has secured the highest rating from Philippine Rating Services Corp. for its P5 billion fixed-rate bonds.
Shopping mall operator SM Prime Holdings Inc. said it will continue to expand its business in China despite its slowing economy, as it remains confident in the potential of the East Asian nation.
The Philippine Stock Exchange Inc. (PSE) on Monday said it is lifting the trading suspension it imposed on paper firm Steniel Manufacturing Corp. (STN).
Listed property developer Filinvest Land Inc. and coworking space provider KMC Community Inc. announced the launch of their joint venture (JV), which will develop and operate flexible workspaces in the country.
AllDay Marts Inc., which owns AllDay Supermarket, said its net income grew 22 percent to P369 million last year from the previous year’s P301.76 million.
Domestic travel remains strong despite complaints by travel agencies and local tourists about the rising cost of vacationing in the country due to higher room rates and increased airfares.
Pru Life Insurance Corp. of UK announced last Monday that its newly-appointed CEO Sanjay Chakrabarty met with Insurance Commissioner Reynaldo A. Regalado “to reinforce the company’s commitment and support to the Insurance Commission’s goal to advance financial literacy and inclusion in the country and good governance in the insurance sector.”
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THE national government successfully raised P77 billion this April from the domestic market through the tender of Treasury bills (T-bills), P2-billion higher than the programmed amount, despite the continuous upticks in average auction yields.
THE global instant payments market is expected to more than double by 2028, according to the findings of a new study from a UK-based market intelligence firm, Juniper Research Ltd.
THE Bureau of Internal Revenue (BIR) has lost its bid to collect P7.6 billion in unpaid taxes from a major operator of shopping centers in the country.
Asian shares were trading higher Monday amid optimism over the rally that ended the week on Wall Street, although eyes were on the Federal Reserve policy meeting set for later this week.
AS the demand for water during El Niño increases, investments in water and sanitation have a “multiplier effect” which leads to higher economic returns, according to an international nonprofit organization.
STATE-owned Philippine Amusement and Gaming Corp. (Pagcor) announced its net income for the first quarter of the year reached P25.24 billion, expressing confidence that the casino operator is on track to reach its P100 billion annual income for the year.
VENTURE firm Talino Venture Studios (TVS) and Chemonics International Inc. are gunning to capture a tenth of the payments traffic this year, as they launched last Thursday evening a payment system it calls “Higala.”
THE cost to maintain effective, regulatory-compliant programs is at an all-time high, with ever-evolving expectations that will only add to operational costs. In today’s uncertain economic environment, minimizing cost and improving an organization’s efficiency ratio are at the top of nearly every C-suite’s agenda.
a wholly owned subsidiary of PEHC), announced its intention to build a portfolio of over 2,350 megawatts (MW) over the next 10 years.
The Supreme Court’s (SC) Second Division has affirmed the 2005 and 2008 orders of the National Telecommunications Commission (NTC) disqualifying Next Mobile Inc., currently operating as Now Telecom, and three other companies from securing 3G frequency slots.
Listed Enex Energy Corp., which is majority owned by ACEN Corp., continues to scout for a joint partner to develop its oil and gas exploration contract, service contract (SC) 55, in the West Philippine Sea.
Metro Pacific Tollways Corp. (MPTC) plans to invest as much as P10 billion in new “barrier-free” technologies across all its expressways, a ranking official said.
The Philippines’s snack food market will outpace its peers in Asia Pacific, according to a Global Agricultural Information Network (Gain) report.
Local cacao growers participated in a training on cacao bean fermentation and processing conducted by the regional office of the Department of Trade and Industry (DTI) in Surigao del Norte.
Nearly 282 million people in 59 countries and territories experienced levels of acute hunger in 2023, a worldwide increase of 24 million from the previous year, according to the latest Global Report on Food Crises (GRFC).
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