RENEWABLE ENERGY (RE) developers said there is sufficient competition in the industry to make market abuse unlikely, noting that any pricing issues that have emerged are due largely to capacity constraints. The Developers of Renewable Energy for AdvanceMent, Inc. (DREAM) industry association made the remarks at a forum organized by the competition regulator. “We have enough […]
Tag: market
Co-ops: Supply issues caused higher power prices
THE PHILIPPINE Rural Electric Cooperatives Association, Inc. (Philreca) said that electricity rates rose in June due to supply issues and not the failure of electric cooperatives (ECs) to procure power through competitive bidding. “The sudden spike in electricity prices last month is not because there is a failure for ECs to conduct CSPs (competitive selection […]
Global New Material (6616.HK): Dominating two new materials with a market share of RMB100 billion
HONG KONG, Jul 8, 2021 – (ACN Newswire via SEAPRWire.com) – New materials, with the new international situation, has become a key segment for overcoming market challenges, and is favoured by national strategic development planning policies. Pearlescent materials and synthetic mica are high value-added new materials. Global New Material (6616.HK), which carried out its IPO […]
Filinvest Land to continue developing projects in ‘emerging regional hubs’
FILINVEST Land, Inc. (FLI) will continue developing its residential projects across the country while working on increasing its gross leasable area (GLA). “We will be in new emerging regional hubs. We want to expand geographically in areas that we are not yet present, and strengthen our foothold in areas we are already in,” FLI Chief […]
Investing for a longer term key to riding out market swings
INVESTORS should expand their investment horizon to increase the chances of getting higher income, especially during times of crises when markets are highly volatile. “The global market turmoil triggered by the pandemic has underscored the view that as investment horizon increases, the chances of earning positive returns also increase as more time helps smooth out […]
China Dynamics Vows to Actively Expand Promising Overseas Electric Vehicle Business
HONG KONG, Jun 30, 2021 – (ACN Newswire via SEAPRWire.com) – China Dynamics (Holdings) Limited (the “Company”, to be renamed as “EV Dynamics (Holdings) Limited”; Stock Code: 476, together with its subsidiaries, collectively “China Dynamics” or the “Group”), which provides new energy vehicles and technology integrated solutions, is committed to expanding business, stabilising the mainland […]
PRC’s Largest Pearlescent Pigment Producer Global New Material International Holdings Limited Announces Details of Proposed Listing on the Main Board of HKEX
HONG KONG, Jun 29, 2021 – (ACN Newswire via SEAPRWire.com) – Global New Material International Holdings Limited (“Global New Material”, together with its subsidiary the “Group”), the largest pearlescent pigment producer in the PRC*, has announced the details of its proposed listing on the Main Board of The Stock Exchange of Hong Kong Limited (“HKEX”). […]
Gov’t fully awards T-bills as rates drop
THE GOVERNMENT made a full award of the Treasury bills (T-bills) it auctioned off on Monday as rates continued to decline across the board on the back of strong demand. The Bureau of the Treasury (BTr) borrowed P15 billion as planned via the T-bills on Monday as the offer was met with P53.567 billion in […]
Stocks ‘notched records’ during Aquino administration
THE Philippine Stock Exchange (PSE) said the country’s benchmark index hit all-time intraday highs and broke records under President Benigno S.C. Aquino III’s administration. “I fondly recall the time when I used to personally send stock market updates to President Aquino each time the market breached new milestones,” PSE Chairman Jose T. Pardo said in […]
Spot market power prices decline in June
THE AVERAGE price for power on the wholesale electricity spot market (WESM) was P6.53 per kilowatt hour in June, down from P7.66 in May, the Independent Electricity Market Operator of the Philippines (IEMOP) said Wednesday. In a virtual briefing, IEMOP Manager for Pricing Validation and Analysis John Paul S. Grayda said that the secondary price […]
IEMOP plans to establish reserves market
THE Independent Electricity Market Operator of the Philippines (IEMOP) said it is looking at establishing a market for ancillary services (AS) to attract investment and ensure transparency in the system. IEMOP Spokesperson Andrea May T. Caguete said that the planned reserves market aims to encourage investors to build facilities which address AS requirements, adding that […]
No more limited entry, schedule at public market
STARTING Monday, June 14, 2021, all 24 gates of the Mandaue City Public Market will be open, one year after the City limited entry to the facility due to the coronavirus disease 2019 (Covid-19) pandemic. Mayor Jonas Cortes announced that he will issue a new executive order (EO) on June 14, amending the previous EO […]
ADB backs more subsidies to avert long-term damage to PHL labor market
The Philippines needs to support its labor market by incentivizing hiring and introducing unemployment insurance to prevent long-term damage to the work force, Asian Development Bank (ADB) officials said in a blog post. “The pandemic could create long-lasting effects on employment. Put simply, this temporary large shock to the economy might produce a persistently lower […]
Philippine smartphone market grew by almost 27% in Q1, but seen slowing down
THE Philippines’ smartphone market grew by nearly 27% year on year, bringing in more than four million units in the first three months of the year, according to the International Data Corporation’s (IDC) Quarterly Mobile Phone Tracker. “This was despite a 35.3% decline compared to the previous quarter’s large shipments by vendors that took advantage […]
Cebu City private sector supports Carbon modernization
THE Cebu Chamber of Commerce and Industry (CCCI) has expressed its support for the development of the old Carbon public market into a world-class market for the convenience of the consumers. The CCCI, headed by its president Felix Taguiam, said the new Carbon will not only be improved structurally, but with facilities like solid and […]
Shares rise as House approves 3rd stimulus bill
PHILIPPINE shares closed higher on Wednesday on the House of Representatives’ approval of a third stimulus package amounting to more than P400 billion to help boost the economy amid the coronavirus pandemic. The bellwether Philippine Stock Exchange index (PSEi) improved 214.26 points or 3.23% to end at 6,841.69 on Wednesday, while broader all shares index […]
Meralco rates seen to increase in June
Manila Electric Co. (Meralco) customers are likely to see a rise in their electric power bills in June, following a surge in spot market prices, an official from the firm said on Friday. “Based on early, initial projections, there may be an upward pressure on the generation charge for the month of June 2021 due to observed […]
Power spot market prices double in May as warm weather sets in
THE AVERAGE power price on the wholesale electricity spot market (WESM) more than doubled this month to average P7.72 per kilowatt hour (kWh) from P3.85 in April, following a surge in demand and supply disruptions, the Independent Electricity Market Operator of the Philippines (IEMOP) said Thursday. “For the month of May, the market operator noted […]
EMCODEX Announces Inauguration of First Global Emerging Commodities Decentralized Exchange (DEX)
ZUG, SWITZERLAND, May 25, 2021 – (ACN Newswire via SEAPRWire.com) – EMCODEX.org today announced its anticipated launch as the first global emerging commodities Decentralized Exchange (DEX). The aim of EMCODEX is to democratize the commodities market using blockchain technology. There are only elite few-yet-giant global commodities trading firms dominating the commodities market. Some of the […]
Prioritizing the integrity agenda in times of uncertainty
Second of two parts The difficulties of dealing with the pandemic have aggravated current integrity issues while presenting new ones for emerging markets all over the world. The emerging markets perspective of the EY Global Integrity Report, which surveyed more than 1,700 employees across all levels of large organizations in 21 emerging market countries, reveals […]