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PHL stocks extend decline on increased selling

By Denise A. Valdez, Senior Reporter

THE MAIN INDEX continued to decline on Wednesday as selling pressure grew and overseas concerns over rising coronavirus cases loomed on the market.

The bellwether Philippine Stock Exchange index (PSEi) lost 37.29 points or 0.58% to close at 6,377.79. The broader all shares index also gave up 9.82 points or 0.25% to end at 3,808.29.

“More investors are now securing profits from the recent rally, which is giving investors who have not been able to ride the rally a chance to pick up shares at lower prices,” AAA Southeast Equities, Inc. Research Head Christopher John Mangun said in an e-mail.

The PSEi is now on its second consecutive day of decline and has been down 113.4 points or 1.75% since its six-day rally ended.

Foreign investors have also returned to selling, ending five straight days of bullishness, after it posted P442.88 million worth of … Read the rest

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High street sales slump at fastest pace on record as restrictions tighten

Retail sales fell at their fastest pace in four months in October as households reined in their spending in the face of fresh coronavirus restrictions.

The CBI’s latest monthly distributive trades survey fell from 11 per cent to -23 per cent in October. Only 36 per cent of respondents said that sales were up, which was more than offset by the 59 per cent who reported a slump.

It comes after a period of robust growth for the retail sector, which rebounded strongly when the lockdown was first lifted in the summer. Retail sales grew at their fastest pace in 18 months in September but the latest economic data suggest that the recovery is losing momentum as restrictions are tightened in parts of the country.

Ben Jones, principal economist at the CBI, said: “It’s no surprise that sales have dipped despite no new direct restrictions on retail in England, as … Read the rest

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Peso climbs on BoP surplus, vaccine news

THE PESO strengthened against the dollar on Tuesday as the country logged a balance of payments (BoP) surplus last month and on news that patients in the clinical trials of drug company AstraZeneca Plc showed a positive response to its coronavirus vaccines.

The local unit closed at P48.375 versus the dollar on Tuesday, rising by two centavos from its P48.395 finish on Monday, data from the Bankers Association of the Philippines showed.

The peso opened Tuesday’s session at P48.40 against the greenback. It reached a peak of P48.37 while its weakest showing was at P48.48 per dollar.

Dollars traded rose to $838.87 million on Tuesday from $671.25 million on Monday.

Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said the peso rose after the Bangko Sentral ng Pilipinas (BSP) reported a BoP surplus in September.

“The peso was stronger after stronger BoP surplus data as the highest in four … Read the rest

Business marketing

Allcard V Skinner

These are trying instances for all businesses. Ease your money stream and enjoy flexible repayment options by accessing long term credit score when your available funds are restricted. Recurring funds are a handy way to pay your regular bills comparable to power, gas and telephone robotically out of your credit score or debit card. They will take the trouble out of remembering when your regular bills are due, and a few firms even provide reductions if you happen to pay by computerized payment. Everytime you turn into the sufferer of frustration while advertising your small business, you need to quick change into alert and not let the frustration overcome you. As a substitute, think about this as an opportunity to take a break. Use this chance to sit again calmly and take a breather. This is the correct time so that you can rethink your business methods. Reorganize your targets. … Read the rest

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Stocks lose momentum as market pockets gains

By Denise A. Valdez, Senior Reporter

LOCAL SHARES started to lose momentum on Monday as investors began to pocket gains from the recent rally, resulting in flattish trading.

The Philippine Stock Exchange index (PSEi) inched up 7.13 points or 0.11% to close Monday’s session at 6,491.19. The wider all shares index fell 0.59 point or 0.01% to 3,859.36.

“We saw some profit taking in early trading; however, investors were quick to pick up issues that pulled back,” AAA Southeast Equities, Inc. Research Head Christopher John Mangun said in an e-mail.

The PSEi opened at 6,496.19 and reached a low of 6,453.20 intraday. It started picking up during the last minutes of trading, peaking at 6,517.26 but eventually falling to close at 6,491.19.

“Philippine shares initially continued to struggle for direction. bouncing around the break-even line, as several uncertainties loomed large,” Regina Capital Development Corp. Head of Sales Luis A. Limlingan Read the rest

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Hotel Chocolat demands landlord cuts its rent

A row has broken out between Hotel Chocolat, the upmarket chocolatier, and Great Portland Estates, the London property company, souring hopes of a ceasefire between retailers and landlords.

Hotel Chocolat is locked in a stalemate with Great Portland Estates over its Regent Street store, where trading is 60 per cent below last year’s levels because tourists and office workers have stayed at home. The chocolatier, founded in 1993 and listed four years ago, has reached compromises with most of its other landlords.

The dispute is the latest in a series between retail companies and their landlords during the pandemic, which has forced store chains to demand rent reductions, waivers or a switch to rents linked with turnover to cushion them from the high street downturn. The value of property companies has tumbled in tandem with the issue, with Shaftesbury, another London landlord, last week tapping investors for £300 million.

Hotel … Read the rest

Business marketing

A Plan For Your Household’s Future

You’ve gotten just started your small enterprise and the lack of shoppers is turning into a concern for you. The power sources are very important to economic progress of a rustic. Its significance has been altering with the passage of time. Earlier than industrial Revolution, the power for operating the machines was primarily provided by animals, human power and wind. With the scientific advancement, coal, oil, gas, and water falls are used because the principal sources of energy. In developed international locations of the world, the nuclear power and photo voltaic power are being more and more used for producing electrical energy. Community advertising is another option. You begin up a new business by building a company to sell one other firm’s merchandise and earn a commission from every sale you make and from each sale made by your group. The good part about network advertising and marketing is that … Read the rest

Business marketing

How To Write A Business Plan For A Dwelling Based mostly Stitching Business

Small enterprise house owners typically depend on traditional promoting methods comparable to magazine adverts, categorised advertisements or posters which might be pasted on the streets for his or her small enterprise marketing efforts. Your business plan should clearly state the quantity of funds you need, how quickly you require them, and the way long before you start repaying traders. You must also clarify what type of financing you hope to acquire, either fairness (similar to by way of the sale of ownership shares in your company) or debt (such as loans to the corporate). Over and above earning cashback on your enterprise expenses, you earn further cashback in your Business Card funds as effectively. Some banking companies aren’t obtainable to all businesses, so examine together with your bank or lender that they’ve what you want for your online business. There is no such thing as a level using a industrial … Read the rest

Business marketing

Worldwide Economic system Information

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Business marketing

Financing Solutions, Service provider Banking Services, And Business Support For New Companies

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