PHILIPPINE STAR/ KRIZ JOHN ROSALES
This upside bias could hold this year particularly if the election on Monday is free of irregularities and the new president names a credible economic team that fosters investors’ confidence, says Gerard Abad, chief investment officer at AB Capital & Investment Corp., adding stocks historically also gain in the year after the elections.
“There is strong distrust on both camps that could create a volatile political landscape and rattle the market,” says Jonathan Ravelas, chief market strategist at BDO Unibank Inc., who expects the benchmark to drop to about 6,500 in the near term.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Duterte not keen to recommend presidential bet - BusinessWorld OnlinePHILIPPINE President Rodrigo R. Duterte has said he would not endorse anyone for president, with only six days left before Filipinos choose his replacement.
Source: bworldph - 🏆 9. / 68 Read more »
Fortnite returns to iOS, Android devices via Microsoft’s Xbox Cloud Gaming - BusinessWorld OnlineUsers of Xbox Cloud Gaming will now be able to play Fortnite for free on devices powered by Google-owned Android and Apple’s iOS thanks to a partnership between Microsoft Corp. and Epic Games, the companies said on Thursday. The hit battle-royal videogame has been out of the reach of mobile users since Apple Inc. and Google removed […]
Source: bworldph - 🏆 9. / 68 Read more »
Live shows return to Resorts World Manila - BusinessWorld OnlineNOW that the world is opening up after two years of restrictions and lockdowns due to the coronavirus pandemic, Resorts World Manila (RWM) has brought back live entertainment. This even though there were worries about changing pandemic statuses and whether the audience was willing to come back.
Source: bworldph - 🏆 9. / 68 Read more »
Warning issued against flouting price tag rules, including online businesses - BusinessWorld OnlineRETAILERS, including online sellers, have been warned to display appropriate prices for goods on sale, with the Department of Trade and Industry (DTI) describing as “shady” the practice of only releasing the price of online goods via private messages (PMs).
Source: bworldph - 🏆 9. / 68 Read more »
Pastor sues Kanye West, saying Donda track ripped off sermon - BusinessWorld OnlineA TEXAS minister is suing Kanye West, saying the rapper, producer and entrepreneur used a recording of one of his sermons without permission in the song “Come to Life.” Dallas County, Texas, pastor David Paul Moten sued Mr. West, his label Universal Music Group, and its subsidiaries Def Jam Recordings and the West-founded G.O.O.D. Music on Tuesday in Dallas federal court. The copyright infringement lawsuit says at least two sections of “Come to Life” feature excerpts from Mr. Moten’s sermon.
Source: bworldph - 🏆 9. / 68 Read more »
Gay marriage, other rights at risk after US Supreme Court abortion move - BusinessWorld OnlineUS SUPREME Court Justice Samuel Alito’s draft opinion that would end the recognition of a constitutional right to abortion could imperil other freedoms related to marriage, sexuality and family life including birth control and same-sex nuptials, according to legal experts.
Source: bworldph - 🏆 9. / 68 Read more »