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MANILA, Philippines — You've been singing the "Bahay Kubo" song for years. I will bet that at least once you have tried to see if you know all the vegetables that are mentioned in the song, and you have realized that there are certain vegetables that you are not quite familiar with.
MANILA, Philippines — Long before the country institutionalized bancassurance, AXA, a worldwide leader in insurance and investment, and Metropolitan Bank & Trust Co. (MBTC), popularly known as Metrobank, have been steps ahead in their partnership that dates back to 2004.
Merkado Barkada received a mention yesterday from Stephen “Steveinomics” Cuunjieng during his appearance on Michell Ong’s "Market Watch" program on ANC. The name drop happens at roughly the 56:50 mark of the June 4 edition of "Market Edge" (YouTube link) at the tail end of a segment where Mr. Cuunjieng discussed his take on PHINMA [PHN 20.70, down 5.3%; 360% avgVol].
With rice prices refusing to go down and even likely to further increase in the coming months, President Marcos will soon issue an executive order reducing the tariff on rice imports from 35 percent to just 15 percent until the end of his term in 2028. This comes on the heels of the final approval by the House of Representatives of a bill that seeks to restore the power of the National Food Authority to import rice during emergency situations.
HONG KONG, China — Asian markets fell Tuesday as traders were spooked by signs of weakness in the US economy, even as the data boosted hopes the Federal Reserve will cut interest rates this year.
Megaworld [MEG 1.81, up 0.6%; 18% avgVol] [link] disclosed that it sold 79.7 million shares of its REIT subsidiary, MREIT [MREIT 12.58, up 0.2%; 2586% avgVol], in a private placement deal that raised P980 million for Andrew Tan’s real estate development company. The average price of the transaction was P12.30/share, which represented a 2% discount to MREIT’s market price. The sale pushed another 1.5% of MREIT’s outstanding shares into the public float, which increased to 42.98%. The minimum public float for REITs is 33.33%, giving MREIT approximately P3.38 billion in share-swap value that it can spend on acquisitions before needing to use debt or increase its public float.
I get this question a lot from readers, and I never really know how to answer it because I feel like the question comes from the expectation that public-facing personalities like me will almost compulsively flex a list of generally accepted investing books as required reading for followers as if reading those books is somehow required to see through the matrix and start sniping market tops and bottoms like a pro. I’m a little embarrassed to admit that I don’t read investing books. I’m old, so I’ve obviously read some investing books over the course of my life, but I honestly don’t read a huge volume of investing books and curate an up-to-date ranked list of my favorites. I’ve read Kiyosaki’s Rich Dad Poor Dad enough to know that I didn’t want to read any more books from Kiyosaki, and I read Bo Sanchez’s My Maid Invests in the Stock Market enough to know that those books weren’t going to be of any help to me either. I liked Think and Trade Like a Champion by Mark Minervini, but we don’t share trading styles so I read snippets of that book from time to time when I sense that I need to do a mindset “reset” and scrub some emotion from my trades. I don’t get a lot of time to read but I truly love it, and when I do get a chance I almost always reach for some great fiction to help keep me creative. I’m a huge fan of the Dune series of books (I read the first book about once per year; the Duke’s dinner scene is so good), and I’m a sucker for good short reads that are vaguely sci-fi (Stories of Your Life and Others by Ted Chiang is wild). One of my first favorite books was Slaughterhouse-Five. One of my all-time favorites is House of Leaves (re-reading that is so awesome), and while I love the thought of reading The Brothers Karamazov, I’ve started reading it three or four times and never made it more than halfway. I’m always cruising Reddit and Twitter for new book recommendations, so if you have any, I’m all eyes and ears!
Agriculture Secretary Francisco P. Tiu Laurel Jr. has underscored the immense potential of Philippine agriculture to investors from Brunei, emphasizing the country’s burgeoning domestic market, export prospects, abundant natural resources, and investor-friendly business environment.