Philippines

residential condominiums and townhouses in Manila, economy grows, reclaimed land prices

Fastest-rising Manila properties are from sea-reclaimed land

(July 26): In Manila, the crowded Philippine capital of more than 12 million inhabitants, land that was reclaimed from the sea is selling like hot cakes.

Top regional stocks to watch as transport infrastructure spending shifts up a gear

SINGAPORE (June 23): With the Asean-5 looking to improve their global competitiveness in the years ahead, HSBC Global Research is anticipating a regional shift in spending from power and telecoms, to the largely-neglected transport infrastructure segmen

India, Philippines to lead Asian growth as workforces rise

(May 5): For a vivid illustration of why demographics matter so much for economic growth, take a look at the diverging trends in Asia.

Neratel announces new contract wins worth $7.15 mil

SINGAPORE (April 24): Nera Telecommunciations (Neratel) has received contracts of approximately $7.15 million in aggregate in relation to the supply, delivery, installation and maintenance of security application equipment to a telecom operator in the Phi
UK container ship (Image: Bloomberg)

Global Economy

Malaysia reacts coolly to prospect of TPP trade pact minus US

MANILA (March 14): Efforts to salvage a blockbuster Pacific trade deal are struggling against waning enthusiasm from participants such as Malaysia, lowering expectations for a meeting of officials this week in Chile.
Edgar “Injap” Sia

Property

Barbecue chicken seller turns tycoon with a 2,500% stock surge

MANILA (Feb 2): It’s been a fast ascent for college dropout Edgar “Injap” Sia, who less than a decade ago was selling barbecue chicken in the Philippines. He now leads the real estate developer with the best stock gains in Asia.

China, Philippines agree to cooperate on 30 projects worth US$3.7 bil

BEIJING (Jan 23): China has agreed to cooperate with the Philippines on 30 projects worth US$3.7 billion ($5.2 billion) focusing on poverty reduction, the two countries said after a meeting in Beijing on Monday.
Construction (Bloomberg)

Global Markets

Get ready for the Southeast Asian infrastructure boom

MANILA/SINGAPORE/KUALA LUMPUR (Jan 20): Manila’s Metro Pacific Investments Corp., Indonesia’s PT Krakatau Steel and Airports of Thailand Pcl are among the top investor picks as Southeast Asian governments embark on programs to boost roads, rail, ports

Results

Del Monte posts 58% fall in 2Q earnings to US$20 mil on absence of one-off gain

SINGAPORE (Dec 6): Del Monte Pacific posted earnings of US$20.2 million ($28.7 million) for 2QFY17, a 57.8% decrease from the earnings of US$47.8 million in 2QFY16.

Broker's Calls

Should QAF be in your bread basket of stocks?

SINGAPORE (Nov 29): OCBC is maintaining its “buy” call on multi-industry food company QAF with a fair value of $1.46 given supportive growth conditions like favourable raw material prices due to ample global supply.
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