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Jollibee considering US listing to fuel global coffee push - philstar.com - Philippines - Usa - Vietnam

Jollibee considering US listing to fuel global coffee push

Jollibee [JFC 234.60 ?1.6%; 129% avgVol] [link] CEO Ernesto Tanmantiong was quoted in a recent Forbes article (Philippines’ Biggest Fast-Food Brand Has Fresh Plans To Challenge Starbucks) as saying that the JFC group is “hoping to get a better valuation from Wall Street” in reference to the group’s plans for a US listing to help fuel its push to become “one of the world’s five most valuable fast-food chains”. The article focused on JFC’s move to prioritize the global coffee industry starting in 2012 with its acquisition of Vietnam’s Highlands Coffee and quotes research from Statista which says the combined revenue of coffee chains around the world will likely climb to $800 billion by 2030 (27% increase from FY23).

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Singapore upgrades 2024 economic growth forecast - philstar.com - Usa - Singapore - China - city Singapore

Singapore upgrades 2024 economic growth forecast

SINGAPORE, Singapore — Singapore on Tuesday upgraded its economic growth forecast for this year after beating expectations in the second quarter and on optimism that the manufacturing sector will gradually recover.

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Win Gatchalian - Press Release - Gatchalian urges ERC to fast-track full implementation of RCOA for bigger electricity bill savings - legacy.senate.gov.ph

Press Release - Gatchalian urges ERC to fast-track full implementation of RCOA for bigger electricity bill savings

Senator Win Gatchalian urged the Energy Regulatory Commission (ERC) to fast-track and fully implement lower retail competition and open access (RCOA) threshold to enable consumers to enjoy competitive electricity pricing.

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International - MG opens central flagship showroom - manilatimes.net - Philippines - city Manila - city Quezon

MG opens central flagship showroom

MG Philippines recently unveiled the MG Gallery on Quezon Avenue in Quezon City, marking the brand's inaugural central flagship showroom. The MG Gallery opened to the public on July 31, 2024, as part of the global brand's historic 100th-anniversary celebration and a reflection of MG Philippines' prosperous first year of operations in the country.

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The Manila Times - Holcim PH's new CEO in vital market - manilatimes.net - Philippines - China - Burma - Algeria - Uganda

Holcim PH's new CEO in vital market

BUILDING solutions provider Holcim Philippines appointed Nicolas George as its new president and CEO effective this month.

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Stephen Innes - Stocks mostly rise as focus turns to US inflation data - philstar.com - Usa - China - Hong Kong - New York - city Tokyo - city Taipei - city Seoul - city Boston - city Manila - city Jakarta - city Hong Kong - city Singapore - city Shanghai - city Wellington - city Mumbai

Stocks mostly rise as focus turns to US inflation data

HONG KONG, China — Asian markets mostly rose Monday as investors tried to move on from last week's upheaval fueled by US recession worries, with focus shifting to the release of key inflation and retail data.

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International - The week ahead - philstar.com - Philippines - Usa

The week ahead

> PH:  The scheduled items start on Tuesday with the suspension of the Cirtek Warrants (TECHW). They’re worthless and will be delisted on August 19. After that, we get the Bangko Sentral ng Pilipinas (BSP) decision on interest rates on Thursday. Lots of briefings and quarterly reports coming out, so there are bound to be some interesting developments that tumble out of those news items.> International:  We’ll get the US CPI data for July on Thursday, and then on Friday we’ll get the updated jobless claims data. MB BOTTOM-LINE: This is the last week of full trading before we get two consecutive weeks that are interrupted by non-trading holidays. So far, this hasn’t been the kind of Deep Aughost that the oldheads keep talking about. The PSEi is up 29 points. That’s not a big deal but it’s better than a loss. The bigger deal to me is that the value turnover (~P5 billion) has been basically the same (on average) through the first seven days of trading in August as it was through all of July. The market wasn’t doing the best before Aughost, but at least it didn’t get worse. I don’t expect that to carry through those last two weeks, though. 

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Win Gatchalian - Press Release - Gatchalian mulls amendments to SIM registration law to combat fraud and scams - legacy.senate.gov.ph - Philippines

Press Release - Gatchalian mulls amendments to SIM registration law to combat fraud and scams

Senator Win Gatchalian is considering introducing amendments to the Subscriber Identity Module (SIM) Registration Law following the widespread use of (SIM) cards by perpetrators for fraud and scamming purposes.

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