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The Philippines Securities and Exchange Commission (SEC) has revealed its plan to block local access to Binance, effectively implementing the Philippines SEC’s ban on Binance. This was contained in a notice published by the financial regulator on March 25.
MANILA, Philippines — A lawmaker has called on the Department of Agriculture and the Department of Trade and Industry to keep an eye on possible price surges during the Holy Week and set suggested retail price on basic commodities.
LEGAZPI CITY— Eighty-four (84) farmers who are agrarian reform beneficiaries (ARB) will benefit from the P 1.5 million worth of farm machinery provided by the Department of Agrarian Reform (DAR).
LOS ANGELES – James Harden, who forced a trade from Philadelphia to the Los Angeles Clippers last November, was a loser on Sunday (Monday Manila time) in the first meeting between the NBA clubs since the deal.
This is a holiday-shortened three-day trading week; on the PSE, the scheduled events start (and end) today with the Alternergy [ALTER 0.76 unch] ownership group’s shares coming out of mandatory lockup. Approximately 50% of ALTER’s 3.9 billion common shares will become active and available for trading this morning. In international markets, there aren’t really any big events scheduled either. The parade of central banks announcing interest rate decisions will continue, but this is more of the B-tier and C-tier markets that don’t have a big impact on global sentiment, like Ghana (today), Hungary (tomorrow), and Nigeria (tomorrow). That said, we’ll hear from Sweden and South Africa on Wednesday. It’s not like last week when we had Japan, Australia, Indonesia, USA, Brazil, Taiwan, Norway, Switzerland, Turkey, the UK, and Mexico announce.
Wilcon [WLCON 43.00 unch] [link], the home improvement and construction products retailer owned by William Belo, revealed that its FY23 net income was P3.5 billion, which was down 9.5% from the P3.8 billion it posted in net income the previous year. WLCON reported that net sales were up 3% to P34.6 billion, gross profit was up 4% to P13.7 billion, but that its operating expenses were up 9.5% to P3.5 billion. The company said that the net sales increase was from the contributions of new stores, but that the “expansion-related expenses” from opening those stores caused its operating expenses to rise and lower its overall net income for the year. WLCON also referred to the “softness of the market” as another reason for its failure to exceed its FY22 profitability, as evidenced by the 3.4% drop in same-store sales. WLCON said that it is still pushing toward its “100-store goal by 2024” and is planning to open two Do It Wilcon branches and eight depot format stores in hopes of being “in the best position” once “home improvement spending rekindles.”
The Department of Agriculture along with the Departments of Trade and Industry and Department of Energy on Thursday signed the joint administrative order that nearly doubles the special 5 percent discount granted to senior citizens and persons with disability for their purchase of basic and prime commodities as well as substantially raise the total value of goods they could purchase at a discount.
MANILA, Philippines — India’s Minister of External Affairs Subrahmanyam Jaishankar will undertake his second visit to the Philippines from March 25 to 27, the Department of Foreign Affairs said.