Investment regime change brings turbulence but also delivers returns

The author is co-head of investment and group chief investment officer at Schroders The 2022 market misery was nearly universal, inflicted by a seismic regime shift toward higher inflation and higher interest rates. Investors faced with the collapse of stocks have failed to find refuge in the bonds they have become accustomed to. As the … Read more

Cemex launches a public purchase offer for 1.6 billion shares

CEMEX Holdings Philippines Inc. (CHP) parent company, Cemex Asian South East Corp. (Casec), will file a tender offer for 1.614 billion shares with an oversubscription option. The price has been set at P1.30 per share and the public offering period will start on February 16, 2023 and end on March 16, 2023. The shares will … Read more

AF Payments launches a new service

AF Payments Inc., a provider of contactless electronic payment systems with beep cards, on Thursday introduced a service that will allow passengers to purchase bus tickets in advance of their preferred travel date. The consortium of Metro Pacific Investments Corp. and Ayala Corp. said the advance reservation system will initially be rolled out by Davao … Read more

Economic activity of Argentina November 2022

The monthly indicator of economic activity (EMAE) rose by 2.6% year on year in November (October: +4.5% year on year). The November figure marked the worst reading since February 2021. The November reading was partly driven by a deterioration in the agriculture sector. Furthermore, the manufacturing sector has lost momentum. Finally, activity in the hotel … Read more

Investors are pouring money into emerging markets at a near record rate

Investors are piling into emerging-market stocks and bonds at a near-record rate, as falling inflation and the reopening of China’s sprawling economy help reverse last year’s decline. Emerging equity and debt markets attracted $1.1 billion a day of net new money this week, according to high-frequency data tracking 21 countries from the Institute of International … Read more

DICT, NCT and telco start assisted SIM registration

To enable owners of subscriber identification modules in remote or remote areas across the country to register their respective SIM cards, the Department of Information and Communications Technology (DICT) officially launched the three-day rollout of the government mandate on Wednesday and telecommunications assisted recording. DICT spokeswoman and undersecretary Anna Mae Yu Lamentillo said that four … Read more

GPCCI: German firm awards $16 million for new facility

German company Zama Precision Industry Manufacturing Philippines Inc. will build a $16 million facility to expand its operations in the Philippines, according to the German-Philippine Chamber of Commerce and Industry (GPCCI). GPCCI said the world’s largest manufacturer of diaphragm carburettors is adding an 11,000-square-meter facility at Sto. Tomas, Batangas. The company recently paved the way … Read more