RE generators say industry competitive, market abuse unlikely

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 […]

Global New Material (6616.HK): Dominating two new materials with a market share of RMB100 billion

HONG KONG, Jul 8, 2021 – (ACN Newswire via – 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 […]

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 – 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 – 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”). […]

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 […]

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 […]

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 […]

EMCODEX Announces Inauguration of First Global Emerging Commodities Decentralized Exchange (DEX)

ZUG, SWITZERLAND, May 25, 2021 – (ACN Newswire via – 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 […]