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International - Wilcon confirms internal talks on international expansion - philstar.com - Philippines - Usa - Vietnam

Wilcon confirms internal talks on international expansion

Wilcon [WLCON 17.68 unch; 0% avgVol] [link] clarified a report by BusinessWorld containing remarks by WLCON’s CEO, Lorraine Belo-Cincochan, that there are “many possibilities” with international expansion, and that it might be “in Southeast Asia or Asia, particularly where it’s closer logistically.” WLCON said that Ms. Belo-Cincochan’s remarks were made in response to a question, and confirmed that there have been internal discussions about international expansion, but that “it is not yet in the immediate future”. WLCON has set a capex budget of P2.2 billion this year to push the needle on its goal to have 100 stores.

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Next Basket: The bold innovation that develops online stores based on AI - philstar.com - Philippines - city Manila, Philippines

Next Basket: The bold innovation that develops online stores based on AI

MANILA, Philippines — The online market is a dynamically developing sector that more and more businesses are turning to. However, managing an e-store turns out to be a real challenge.

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Emmanuel Macron - Markets rise with Wall St as traders eye latest US data - philstar.com - Usa - Singapore - France - China - Hong Kong - Eu - city Tokyo - city Taipei - city Seoul - city Bangkok - city Hong Kong - city Shanghai - city Philadelphia - city Wellington - city Mumbai

Markets rise with Wall St as traders eye latest US data

HONG KONG, China — Asian and European equities rallied Tuesday, tracking another tech-driven record on Wall Street, while investors awaited fresh US economic data to get a better handle on the outlook for inflation.

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Nancy Binay - El Niño - Press Release - Nancy to NFA: Prioritize farmers, small coops facing import threat - legacy.senate.gov.ph - Philippines

Press Release - Nancy to NFA: Prioritize farmers, small coops facing import threat

Farmers being left behind

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COMMENTARY | TikTok Shop: Leveling the playing field for Filipino entrepreneurs - philstar.com - Philippines - city Manila, Philippines

COMMENTARY | TikTok Shop: Leveling the playing field for Filipino entrepreneurs

MANILA, Philippines — Filipinos are inherently entrepreneurial. This trait is vividly demonstrated in diverse scenarios: from a mom with a small carinderia in Bicol who built a popular home-made food brand now shipping nationwide, to an enthusiast who turned her passion for Korean-inspired products into a growing skincare brand, and even a young entrepreneur whose brand successfully promotes women's undergarment comfort and convenience.

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CemexPH to buy 'APO' and 'Rizal' cement brand trademarks - philstar.com - Philippines - Mexico

CemexPH to buy 'APO' and 'Rizal' cement brand trademarks

DMCI [DMC 11.20 unch; 45% avgVol] [link] and a group of Consunji Family-owned companies purchased Cemex Philippines [CHP 1.41 unch; 117% avgVol] from its Mexico-based parent company for P17 billion as part of the Consunji Family’s planned expansion into the cement business and the selling company’s goal to divest of its various Asian operations. While that purchase moves toward an end-2024 completion, the two parties have agreed to a deal that will sell the IP and trademarks associated with the “APO Cement”, “Rizal”, and “Island” brands to CHP for approximately P740 million. As InsiderPH notes, this move will allow the Consunji Family to “rely on the company’s well-known brands to maintain and expand their market position” as the family enters into the “unfamiliar cement business”. 

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

The week ahead

It’s a holiday-shortened week, and the out-of-office replies tell me that it’s probably going to be very quiet.> PH: There are a lot of stockholders’ meetings planned, but we don’t have any big technical events on the schedule.> International: We will get a whole slew of speeches from US Fed and Fed-adjacent speakers on Tuesday and Wednesday, and then the US markets will be closed on June 19 in recognition of Juneteenth Day. On Friday we’ll get the jobless claims report.

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International - Cebu Landmasters opens 200-room hotel in Bacolod - philstar.com - Philippines - city Bacolod

Cebu Landmasters opens 200-room hotel in Bacolod

Cebu Landmasters [CLI 2.62, up 1.9%; 67% avgVol] [link] announced the opening of Citadines Bacolod City, which is a 200-room international hotel in Bacolod. This is CLI’s fourth hotel and the start of its commercial operation grows CLI’s total hotel rooms under management to over 1700. This particular hotel was developed under a joint venture with Capitaine Inc, called CCLI Premier Hotels. CLI noted a 37% y/y increase in hotel-based revenue in Q1/24, and is looking to lean into that growth sector by opening this hotel and six more over the next two years. 

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