DTI to intensify price monitoring amid anticipated La Niña
MANILA, Philippines — The Department of Trade and Industry (DTI) is stepping up its price monitoring efforts in anticipation of the La Niña weather phenomenon.
Trade latest news
Joe Biden and Donald Trump battle to prove who can be toughest on China
Joe Biden and Donald Trump are clashing over who can be tougher on trade with China, as the 2024 White House rivals plot higher tariffs on Beijing even at the risk of adding to inflationary pressures in future.
All systems go for the 136th Canton Fair
MANILA, Philippines — The 136th Canton Fair is slated for Oct. 15 to Nov. 4, 2024 at the Guangzhou International Convention and Exhibition Center in southern China’s Guangdong Province.
THAIFEX - Anuga Asia 2024 spotlights pioneering trends, top products in F&B industry
MANILA, Philippines — THAIFEX - Anuga Asia, the globally significant food and beverage trade fair, is poised to showcase the trends shaping the industry in Asia.
PNX, C, and INFRA suspended for reporting failures
The PSE issued suspensions to three companies [link] prior to the open of trade on Friday morning for failure to submit FY23 Annual Reports. The three companies suspended are Phoenix Petroleum [PNX suspended], Chelsea Logistics [C suspended], and Philippine Infradev [INFRA suspended]. AgriNurture [ANI 0.62 ?8.8%; 305% avgVol] narrowly avoided suspension by submitting its Annual Report 38 minutes before the PSE’s suspension deadline. The ANI FY23 Annual Report disclosure erroneously reports a net income improvement of 1560% to P146 million, instead of a P146 million net loss, perhaps this oversight comes from a behind-the-scenes race to submit before the deadline.MB BOTTOM-LINE: I’m married to an accountant who did the auditing grind for years, so I know that it’s not easy to put these reports together; they’re complex and knock-ons from problems in any of the subsidiaries can cause problems that ripple up the chain and back down. That being said, producing these annual reports is something of a bare minimum condition of public corporate life. Every management group rides its accounting department and its auditing team into the dirt to get its quarterly and annual reports out on time. I don’t have any inside knowledge of why PNX, C, and INFRA are in this position, but I listen to the silence from these management groups. Good teams communicate with their minority shareholders in times of uncertainty, and a trading suspension is a time of great uncertainty for retail investors.
New AO aims to enhance import monitoring with electronic invoicing
MANILA, Philippines — The government will implement a digital and integrated system for pre-border technical verification and cross-border electronic invoicing of all imported commodities to speed up inspections and keep out unsafe products, Malacañang said.
Dallas rally to down Thunder, reach NBA Western Conference finals
LOS ANGELES, United States -- Luka Doncic posted a triple-double and P.J. Washington drilled the deciding free-throws as the Dallas Mavericks erased a 17-point deficit to beat Oklahoma City 117-116 to reach the NBA Western Conference finals on Saturday (Sunday, Manila time.)
Agri trade deficit narrows in Q1
TRADE in agricultural goods posted a deficit of $2.62 billion in the first three months of the year as gains in exports failed to offset a decrease in imports, the Philippine Statistics Authority (PSA) reported.