News Flash

August 05, 2015, Wednesday
  • Marquez says the problem of lack of police visibility in the streets will be solved ‘slowly but surely.’ 3 hours ago |
  • 20 arrested in Tala, Caloocan City under PNP’s ‘Oplan Lambat-Sibat’ anti-crime campaign. 3 hours ago |
  • 2 cargo vessels from Australia arrive in PH for use of the Philippine Navy. 3 hours ago |
  • Floodwaters reach 5 barangays in Bukidnon. 3 hours ago |
  • 9 children missing as a flashflood hits a river in Bukidnon. 3 hours ago |
  • Visayas, Mindanao & extreme Northern Luzon expected to bear the brunt of southwest monsoon enhanced by Typhoon Hanna. 3 hours ago |
  • OCD raises blue alert for rescue teams in Northern Mindanao with the entry of Typhoon Hanna. 3 hours ago |
  • Flood-prone Bgy. Tumana in Marikina braces for effects of southwest monsoon and Typhoon Hanna. 3 hours ago |
  • Losing senatorial bet Rizalito David could not afford the P50K filing fee needed to submit a petition vs. Sen. Poe. 3 hours ago |
  • Losing 2013 senatorial bet Rizalito David fails to question Sen. Poe’s citizenship at SET due to lack of funds. 3 hours ago |
  • Malacanang sees nothing wrong with Pres. Aquino's unscheduled arrival in Tuesday's LP event in San Juan. 6 hours ago |
  • Central Mindanao and Davao region experience continuous heavy rains. 6 hours ago |
  • Floods submerge 12 towns in Maguindanao. 6 hours ago |
  • Cotabato City suspends classes in elementary schools & high schools for the second day due to bad weather. 6 hours ago |
  • 6 landslides hit Kidapawan, North Cotabato. 6 hours ago |
  • Typhoon with int'l name 'Soudelor' has entered PAR and is now called 'Hanna.' 6 hours ago |
  • Large areas in Caloocan & other parts of Metro Manila & Cavite to experience water interruptions from Aug. 10 to 13. 6 hours ago |
  • LRTA refutes speculations of a train fare increase. 6 hours ago |
  • Sen. Trillanes cites security risk as primary reason why his witnesses in bribery charge vs. 2 CA justices won’t be able to testify. 22 hours ago |
  • Sen. Trillanes says his witnesses in bribery charge vs. CA justices won’t be able to appear before the CA hearing. 22 hours ago |
  • Sen. Trillanes says he will appear before CA hearing on Aug. 14 to explain his bribery charge vs. 2 CA justices. 22 hours ago |
  • Trillanes ordered to appear at CA hearing on Aug. 14 at 2 pm & explain why he shouldn’t be cited for contempt for bribery allegations. 22 hours ago |
  • CA tells Sen. Trillanes to explain his allegation that 2 CA justices got P 25M each in bribes to stop Makati Mayor Binay’s suspension. 22 hours ago |
  • DMCI tells Supreme Court that Torre de Manila is outside the boundary of Rizal Park. 22 hours ago |
  • DMCI tells Supreme Court that it followed all ordinances, rules & guidelines in building Torre de Manila. 23 hours ago |
  • Comelec Commissioner Christian Lim says the poll body can adjust its calendar of activities & extend campaign period when there is election. 23 hours ago |
  • LTFRB sues 2 fixers who had long been loitering in the agency’s vicinity & offering fake franchise to applicants. 23 hours ago |
  • Sen. Chiz Escudero says Comelec should castigate candidates abusing election rules instead of extending the campaign period. 23 hours ago |
  • Sen. Jinggoy Estrada has been experiencing light-headedness and acid reflux. 23 hours ago |
  • Sen. Jinggoy Estrada will undergo medical check up at Cardinal Santos Medical Center from 6 pm Tuesday until Thursday. 23 hours ago |
  • Sandiganbayan grants Sen. Jinggoy Estrada’s request for a medical check up at Cardinal Santos Medical Center in San Juan City. 23 hours ago |
  • PAGASA says frequent heavy rains in the afternoon in Metro Manila are just due to thunderstorms. 23 hours ago |
  • PAGASA says there is no weather disturbance currently affecting Metro Manila. 23 hours ago |
  • Typhoon ‘Soudelor’ is forecast to move west northwest at 20 kph. 23 hours ago |
  • Typhoon ‘Soudelor’ was located 1,770 kilometers east of Luzon at 2 pm on Tuesday. 23 hours ago |
  • Typhoon ‘Soudelor’ outside PAR has gustiness of up to 245 kph. 23 hours ago |
  • Typhoon ‘Soudelor’ outside PAR carries maximum sustained winds of up to 215 kph near the center. 23 hours ago |
  • Signal Number 3 may be raised over Cagayan when Typhoon ‘Soudelor’ enters PAR on Wednesday morning. 23 hours ago |
  • Batanes may experience Signal Number 4 when Typhoon ‘Soudelor’ (with local name ‘Hanna’) enters PAR on Wednesday morning. 23 hours ago |
  • Batangas Gov. Vilma Santos & Camsur Rep. Leni Robredo attend Liberal Party meeting in San Juan today with Mar Roxas. 23 hours ago |
  • Batangas Gov. Vilma Santos & Camsur Rep. Leni Robredo say no one has asked them to run as Roxas’ vice pres’l bet. 23 hours ago |
  • Batangas Gov. Vilma Santos says she may run for Congress but she has not made up her mind. 23 hours ago |
  • Batangas Gov. Vilma Santos says she is not eyeing the vice presidency. 23 hours ago |
  • Camsur Rep. Leni Robredo says she hopes Sen. Grace Poe will agree to become Roxas’ runningmate. 23 hours ago |

Stock market rallies; SM Group issues up

By MST Business | Feb. 19, 2013 at 12:01am
The stocks surged to a new record Monday, lifted by strong corporate earnings in 2012 and better economic prospects in 2013.

Issues owned by the family of retail tycoon Henry Sy Sr. led the market rally, along with consumer-related stocks in anticipation of increased spending in the coming May elections.

The Philippine Stock Exchange index gained 43.59 points, or 0.7 percent, to a new high of 6,565.23. Advances beat declines, 97 to 86, with 41 issues unchanged.

SM Prime Holdings Inc., the largest shopping mall operator, climbed to a record after 2012 profit beat estimates. SM Prime rose 3.2 percent to P18.80 after increasing 4.7 percent to a record high of P19.30 in early trading.

SM Prime said its 2012 profit rose 16 percent to P10.53 billion as it opened new malls and same-store sales increased. The earnings exceeded the P10.43-billion  average profit estimate of 10 analysts surveyed by Bloomberg.

“SM Prime beat most analysts’ forecasts so earnings estimates are likely to be upgraded,” said Alex Pomento, head of research at Macquarie Group Ltd.’s Manila unit. “SM Prime can easily beat its 2012 earnings this year because the elections will give consumer spending an added kick.’’

The Philippines will hold congressional and local polls in May to elect half of the Senate, all members of the House of Representatives and officers of local government units. “Feverish” spending for election campaigns will help boost consumer spending, Secretary Butch Abad said Dec. 19. Consumer spending accounts for 70 percent of the $225-billion economy.

Sister unit SM Development Corp. jumped 11.2 percent to P8.85, while BDO Unibank Inc., the biggest lender and a member of the SM Group, advanced 2 percent to P87.85.

Jollibee Foods Corp., the largest fastfood chain, rose 1.7 percent to P112.80, while Petron Corp., the biggest oil refiner, gained 3.4 percent to P13.48.

Megaworld Corp., the second-biggest builder, advanced 2.7 percent to P3.78.

Trans-Asia Oil and Energy Development Corp. surged 9.3 percent to P2, while Semirara Coal Corp. rallied 3.1 percent to P238.60.

D&L industries Inc. rose 4.8 percent to P6.76.

Japan’s benchmark stock index, meanwhile, jumped Monday after Group of 20 finance officials refrained from directly criticizing Prime Minister Shinzo Abe’s government for trying to force down the yen. Other Asian stock markets were mixed.

Currency policy was centerstage at the weekend meeting in Moscow of finance ministers and central bankers from the world’s 20 biggest advanced and emerging economies. Japan’s currency was of particular interest because Abe has repeatedly said that he wants a cheaper yen to help manufacturers compete.

The Nikkei 225 index in Tokyo surged 2.1 percent to 11,403.36 at midday. Australia’s S&P/ASX 200 rose 0.5 percent to 5,059. South Korea’s Kospi dropped 0.1 percent to 1,978.64. Mainland Chinese shares opened higher after a weeklong break for Lunar New Year. Hong Kong’s Hang Seng fell 0.3 percent to 23,365.53. Stock markets in the US are closed for the Presidents Day holiday on Monday. With Bloomberg, AP
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