market-edge | ABS-CBN News

How PH stock market fared amid global headwinds

ABS-CBN News
Posted at Dec 31 09:36 AM

Volatility became the hallmark of global markets this year, as countries dealt with a raft of external headwinds that pushed inflation higher. Read more »

ABS-CBN News podcasts part of Spotify's latest music-and-news offering

ABS-CBN News
Posted at Jul 28 03:16 PM

Spotify launches a special playlist mixing news, music and talk, featuring as a top content ABS-CBN News podcasts.  Read more »

Senators say Duterte should present plans on COVID-19 response, economy in final SONA

ABS-CBN News
Posted at Jul 26 12:02 PM

At least two senators want to hear President Rodrigo Duterte's plan to address the COVID-19 pandemic and the country's economic recovery.   Read more »

Better data analysis seen as key to boosting bank lenk lending

ABS-CBN News
Posted at Jun 28 03:11 PM

Arellano noted that even with record-low interest rates, bank lending which is supposed to stimulate the economy, has barely grown as banks remained reluctant to lend due to worries over clients’ ability to pay. Read more »

Chip industry needs at least another year to address global shortage: SEIPI

ABS-CBN News
Updated as of Jun 14 04:57 PM

The Semiconductor and Electronics Industries in the Philippines Foundation Inc said chip manufacturers cut down on equipment production last year in anticipation of lower demand with the onset of the pandemic.    Read more »

PH cement player taps data science and AI to cut carbon emissions

ABS-CBN News
Posted at Jun 09 11:16 AM

A Philippine cement player says it is using data science and artificial intelligence to cut its carbon emissions and make its manufacturing processes more sustainable. Read more »

Fintech may breed Philippines' next unicorn: analyst

ABS-CBN News
Posted at May 20 02:48 PM

In the Philippines, some fintech firms may be poised to achieve unicorn status, according to an analyst in Singapore. Read more »

Southeast Asia 'past the worst' of pandemic: equity analyst

ABS-CBN News
Posted at May 20 10:56 AM

“I’m not saying Southeast Asia is gonna fly, but I would say we’re past the worst,” said Andrew Stotz. Read more »

More businesses seen using chatbots and AI

ABS-CBN News
Posted at May 19 02:20 PM

More and more businesses will be employing chatbots to keep their customers engaged as the enterprises speed up their digitalization. Artificial intelligence is also making chatbots even more powerful.  Read more »

Pru Life UK credits growth to 'back to basics' and millennials

ABS-CBN News
Posted at May 18 12:05 PM

Antonio de Rosas, president and CEO of Pru Life UK told ANC Market Edge that while the insurance industry declined amid the disurptions of the pandemic, Pru Life UK managed to grow 3.6 percent based on a key industry metric.  Read more »

As Gamestop frenzy wanes, analyst warns of 'fake moves' by retail traders

ABS-CBN News
Updated as of Feb 15 06:01 PM

It is dangerous to trade speculative shares as prices tend to "always go back to the mean" and investors might get trapped when this happens, an analyst warned. Read more »

Online flower sales bloom before Valentine's amid pandemic

ABS-CBN News
Posted at Feb 12 11:16 AM

Online flower shops are raking it in before Valentine's Day as people prefer to have flowers delivered instead of going out to buy gifts for their loved ones amid the COVID-19 pandemic, the founder of Flowerstore.ph said Friday. Read more »

Can GameStop squeeze also happen in PH? Is it a bad thing? Analysts give their take

ABS-CBN News
Posted at Feb 03 07:34 PM

An analyst said this also happens in the country, even without short selling.  Read more »

Sugar not truly in our hearts: Jose Mari Chan says industry facing challenges

ABS-CBN News
Updated as of Dec 28 02:11 PM

Chan, who owns the Binalbagan-Isabela Sugar Company Inc. and A. Chan Sugar Corporation, said that the Philippines used to produce 2.6 million tons of sugar a year, but this is now down to just 2 million tons.  Read more »

1 missing, 1 injured in Marinduque after Rolly's onslaught: governor

Katrina Domingo, ABS-CBN News
Posted at Nov 02 10:39 AM

At least 1 person is missing while another one was injured in Marinduque after Typhoon Rolly triggered flash floods in the province over the weekend, Gov. Presbitero Velasco Jr. said Monday. Read more »

Philippine stocks see best week since June as virus slows, foreign buying up

Reuters
Posted at Oct 23 03:38 PM

Philippine stocks surged 2.2 percent on Friday closing at 6,484.06 to end the week with their biggest gain since June, bolstered by the easing of restrictions as new coronavirus cases showed signs of slowing.   Read more »

Filipinos visit less but spend more in stores during pandemic: Kantar PH

ABS-CBN News
Posted at Oct 14 11:22 AM

The frequency of shoppers’ trips to stores for fast moving consumer goods was “the lowest” in at least the last 5 years, said Kantar Philippines World Panel Division Business and Retail director Lourdes Deocareza-Lozano. Read more »

Remittances poised for drop due to virus as BSP pledges to do 'whatever it takes'

ABS-CBN News
Updated as of Jun 16 01:47 PM

Bangko Sentral ng Pilipinas Governor Benjamin Diokno said Tuesday dollar remittances this year could shrink due to the coronavirus pandemic, adding he would do "whatever it takes" to support the economy. Read more »

Gokongwei group goes 'head on' digital to keep up with pandemic

ABS-CBN News
Updated as of Jun 15 02:53 PM

The Gokongwei group is accelerating the digitization of its businesses as the coronavirus requires consumers to keep apart physically and spend carefully, its CEO said Monday. Read more »

LRT-1 to commuters: Give 30-minute allowance under new normal

ABS-CBN News
Updated as of Jun 08 10:36 AM

Trains of LRT-1 are disinfected using UV light for 30 minutes after every run, one of several safety measures against the COVID-19 pandemic, its operator said Monday. Read more »