CATHERINE TALAVERA, TMT

PH SHARES WEEKLY OUTLOOK

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Philippine shares are facing two potential market-moving news this week: the President’s last State of the Nation Address (SONA) and the latest economic data from the US. While there is a likelihood of a volatile week for the stock market, participants are also divided over how the trading would go.…

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The building and industrial solutions (BIS) unit of air-conditioning and refrigeration systems provider Concepcion Industrial Corp. (CIC) reported robust sales growth for the first half driven by its joint venture with elevator and escalator maker Otis E&M Co. Inc. The building technologies division of CIC said unaudited sales for the…

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The Philippine Stock Exchange has approved the initial public offering (IPO) of Chemical distributor and trader SBS Philippines Corp., according to a PSE disclosure. The chemical distributor is offering up to 420 million common shares with a par value of P1 per share from its authorized and unissued capital stock.…

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TIMES are changing, and now is the best time to bring the Philippines’ investment structure up to date to make it more competitive as full implementation of the Asean economic integration draws near, a top CPA lawyer said on Wednesday. Atty. Alexander Cabrera, chairman and senior partner of PwC Philippines…

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GOTIANUN-LED property developer Filinvest Land Inc. (FLI) is targeting the Chinese market with its latest upscale condominium development in Quezon City called The Signature. The three-tower upscale development will have 15 floors each and is located along Andres Bonifacio Avenue, a community that is known as the Quezon City Chinatown.…

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Property developer Empire East Land Holdings Inc. broke ground on Wednesday on its San Juan City-based Mango Tree Residences as the company marked its 21st anniversary. The Mango Tree Residences is a two-tower high-rise condominium development on 3,000 square meters of land located on M. Paterno Street in San Juan…

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Buying power, robust office sector and new markets outside the metro are the major factors now contributing to the bullish performance and optimistic outlook of the Philippine property sector. “The increasing spending power of investors, including the middle class, is keeping the industry afloat,” according to Lamudi, the global real…

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THE newly approved 2016 Budget will focus on boosting government agencies’ capacities to plan, procure and implement projects, according to the Department of Budget and Management. The proposed budget for 2016 is 15.2 percent higher than 2015’s national budget of P2.606-trillion, which is the Aquino Administration’s strategy for greater inclusive…

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Share prices closed with a slight upward bias in a market that still remained generally weak, buoyed only by global hopes for a final deal to avert a total Greek debt default. Traders also transacted their business in unfamiliar territory with the launch Monday, of the PSEtrade XTS, the new…

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