AT the start of the year, every broker would forecast how the benchmark Philippine Stock Exchange index will end the year. Of course, no broker would be pessimistic. But their targets for years now since the pandemic were way off. First Metro Investment Corp.
AT the start of the year, every broker would forecast how the benchmark Philippine Stock Exchange index will end the year.
Francis Patrick T. Diaz, president and co-founder of broker Luna Securities Inc., said how the Trump administration of the United States will play their economic policies will have an impact on the Philippine economy, and the benchmark index. Cebu-based gas station operator Top Line Business Development Corp. was already poised for listing at the PSE supposedly on December 12, to get the 12-12-24 number pattern, but opted to postpone it for next year as market trend turned sour.
Monzon said the SM group’s real estate investment trust may not be done by next year as the Sy group was not keen on creating a REIT, while the IPO of Enrique Razon Jr.’s Prime Infrastructure Capital Inc. was still “premature”. The PSE said it “is left with no alternative” move after the SEC’s Markets and Securities Regulation Department confirmed “that there were indeed illegally issued shares circulating on the market and its resolution revoking AR’s registration statement and corresponding permit to sell securities”.
Many of the previous deals of the investment banks involved these types of bonds as a means to continue investors’ interest. “As society grows more aware of the importance of environmental stability in addressing long-term global challenges, the SEC will work tirelessly to integrate sustainability into the overall regulatory framework as part of corporate governance practices,” it said.Dean A. Lao Jr., president of bio-ethanol maker Chemrez Technologies Inc. said not only do consumers want natural products, they want it to have a sustainability aspect built into it as well.
DNL works with companies, supplying them with crucial products such as coconut oil-based tallow and ice cream mixes for the fast food firms, and other ingredients for other food and non-food firms. It conducted a life cycle analysis of its products with the help of University of the Philippines-Los Baños.
Lao said the analysis showed that its products, which mainly uses coconut products, were way ahead of its competitors.
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