Recipe: Thai Stir-fried Pork with Basil and Chili
MANILA, Philippines — The Filipino dishes closest to Thai stir-fried pork is our Giniling or Picadillo, but these two dishes are not usually cooked spicy when compared to the Thai dish.
Trade latest news
POGO stocks dumped in 1st day of trading after ban
As reported yesterday (MB link), President Marcos has banned POGOs and instructed PAGCOR to phase them out completely by the end of the year. That announcement was made after the close on Monday, so the first opportunity for POGO stocks (and POGO-adjacent stocks) to react was during the trading session yesterday. The biggest POGO-related declines were in DoubleDragon [DD 11.30 ?5.2%; 442% avgVol] and its REIT subsidiary, DDMP [DDMPR 1.10 ?5.2%; 1236% avgVol], but other developer/REIT pairings saw significant selling pressure in the early hours, like Filinvest Land [FLI 0.69 unch; 76% avgVol] and Filinvest REIT [FILRT 3.01 ?2.6%; 40% avgVol]. Ayala Land [ALI 31.60 ?0.9%; 113% avgVol] and Robinsons Land [RLC 14.98 ?2.1%; 24% avgVol] were down, as were SM Prime [SMPH 29.90 ?2.5%; 80% avgVol] and Megaworld [MEG 1.84 ?1.6%; 134% avgVol]. There may have been something of a “flight to safety” in the REIT sector, as AREIT [AREIT 36.90 ?1.2%; 89% avgVol] pumped and some of the non-POGO stocks like Citicore Renewable Energy REIT [CREIT 2.85 ?0.3%; 77% avgVol] saw an uptick in buying interest. MB BOTTOM-LINE: The carnage was considerable for Injap Sia and Tony Caktiong’s DD and DDMPR, but it’s not like a potential POGO ban hasn’t been kicking around in the halls of power for years now. There’s been plenty of notice. If I were a shareholder of DD (I’ve never owned this stock) or especially of DDMPR (I owned this stock for 6 months following the IPO) I’d be expecting my management team to put out some kind of communication to shareholders to help contextualize this news for existing investors. It’s also important for these companies to make the case to other non-shareholder investors, too, as the price action of the stock depends on bringing more people into the tent. Past behavior would suggest that DDMPR will likely remain silent here, which I think is another example of this management team neglecting its responsibilities to its shareholders and the perception of the company.
Suspension of online vape sale a recognition of health crisis
PUBLIC health think tank Health Justice yesterday said the order suspending the sale, advertising, and distribution of vape products online is a clear recognition by the government of the emerging health crisis brought about by vaping.
Press Release - Legarda's SONA 2024 ensemble to celebrate Philippine heritage
Senator Loren Legarda continues to proudly showcase Filipino heritage through her choice of attire. Renowned for wearing Filipino-made outfits even on regular days, Legarda will once again embrace the beauty of Filipino culture and tradition during President Ferdinand "Bongbong" Marcos Jr.'s Third State of the Nation Address (SONA) by wearing an elegant Maria Clara-inspired ensemble designed by Puey Quiñones.
Does the SEVN stock dividend increase its marketcap?
Short answer: No. But what’s the fun in that? First, let's get some of the facts down. Philippine Seven [SEVN 120.90 ?5.1%; 79% avgVol] declared a 100% stock dividend, which means that on August 15, each person who owns a share of SEVN will receive another share of SEVN as a dividend. They don’t have to pay to receive this share, it just gets airdropped into their brokerage account. Before the stock dividend, SEVN will have 756,418,283 outstanding shares.
Mixed pump price movements seen next week
MANILA, Philippines — Pump prices for petroleum products are expected to move in opposite directions next week, with gasoline leaning toward a possible increase.
House eyes illegal kidney trade probe
(UPDATES) A HOUSE lawmaker has filed a resolution seeking to investigate the illegal sale of kidneys and other internal organs in the Philippines and the involvement of some nurses and doctors in the illegal trade, calling it «deal with the devil.»
P12.8-B cement plant to boost PH output
THE Trade department on Thursday inaugurated a P12.8-billion cement plant, built by a Japanese firm, that is expected to boost local cement production and reduce the country's dependence on imports.