Monde Nissin reports 1.1% income growth in 9 months
MANILA, Philippines — Monde Nissin Corp. (Monde Nissin) announced a 1.1% increase in its core net income for the first nine months of this year, reaching P5.7 billion, up from P5.64 billion.
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Quick market takes
1. A Brown Company [BRN 0.70, down 1.4%; 65% avgVol] [link] board of directors approved an equity raise of up to P1.5 billion through the sale of a tranche of preferred shares under BRN’s shelf registration. The tranche will include 15 million preferred shares, priced at P100/share, just like the previous tranche that BRN sold two years ago in November of 2021.
NEDA backs new agri chief: P20/kilo rice not yet feasible
THE P20 per kilo of rice promised by President Marcos Jr. during his 2022 presidential campaign is not feasible yet, but the Marcos administration is on the right track in providing affordable rice to consumers, an official from the National Economic and Development Authority (NEDA) yesterday said.
Inflation seen slowing for the rest of the year
INFLATION will likely ease further in the last two months of the year following a better-than-expected October result, analysts said.
Philippines agricultural output shrinks in Q3
MANILA, Philippines — The country’s agricultural output decreased at a slower pace in the third quarter.
Walang trabaho sa 'Pinas nasa 2.26-M na, lumobo sa ika-2 sunod na buwan | Pilipino Star Ngayon
MANILA, Philippines — Bahagyang lumobo ang bilang ng Pilipinong walang trabaho nitong Setyembre 2023 patungong 2.26 milyon, ang ika-2 sunod na buwan ng pagtaas ng unemployment rate sa bansa.
Asian markets drift as traders weigh outlook for rates
HONG KONG, China — Asian markets fluctuated Wednesday as investors tried to figure out the Federal Reserve's interest rate plans, while demand concerns saw oil prices struggling to recover from the previous day's plunge.
Inflation slows in October
MANILA, Philippines — For the first time in three months, inflation eased in October mainly on slower increase in food prices, according to the Philippine Statistics Authority (PSA).