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Ian Nicolas Cigaral
Ian Nicolas Cigaral
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Philippines among nations facing debt payment shock next year — Moody's
by Ian Nicolas Cigaral - October 26, 2020 - 7:04pm
The Philippines is among countries seen at higher risk.
Deferred rent payments hurt SM Prime 9-month earnings
by Ian Nicolas Cigaral - October 26, 2020 - 5:25pm
In a disclosure to the stock exchange on Monday, the property unit of the SM Group reported a consolidated net income of P14.4 billion in the first 9 months, down 48% year-on-year.
Converge shares slump on debut as stock price put into check
by Ian Nicolas Cigaral - October 26, 2020 - 3:20pm
Stock prices tumbled at the get-go and closed 9.4% lower than its offer price to P15.22 each. The main index ended flat.
BDO, UnionBank profits rebound in Q3 from pandemic buffer boost
by Ian Nicolas Cigaral - October 26, 2020 - 1:33pm
Two of the country’s largest banks grew their profits in the third quarter, although succeeding growth remained at risk from rising amount of unpaid loans from virus-battered borrowers.
Universal Robina improves profits even as snack sales tempered
by Ian Nicolas Cigaral - October 23, 2020 - 5:12pm
Investors appeared to be satisfied with the latest financial results. On Friday, shares in Universal Robina gained 1.21% to end the week at P141.70 each.
AREIT buys Ayala Malls The 30th, raises funds for more buyouts
by Ian Nicolas Cigaral - October 23, 2020 - 4:23pm
Apart from Ayala Malls The 30th, AREIT also now owns the building host to Teleperformance Cebu, a business process firm, as well as three office buildings in Makati City namely Solaris One, Ayala North Exchange and...
Spending suffers worst plunge under Duterte in September
by Ian Nicolas Cigaral - October 23, 2020 - 1:50pm
Analysts are worried economic recovery may take longer than expected. Data on budget releases do not invite confidence.
PSEi closes above 6,300 on easing restrictions, end of budget deadlock
by Ian Nicolas Cigaral - October 22, 2020 - 5:04pm
Philippine equities continued to zoom past the 6,000-level on Thursday, defying a regional downturn as easing coronavirus restrictions and deliberations on the 2021 national budget fueled investor optimism.
Government justifies slow stimulus spending sans reason for delay
by Ian Nicolas Cigaral - October 22, 2020 - 4:10pm
Budget data showed that only 3.1% or P4.4 billion of the new allotments had been released to agencies so far. 
Shell departure to trigger hefty oil imports stoking inflation — Fitch unit
by Ian Nicolas Cigaral - October 22, 2020 - 12:52pm
Philippines' dependence to oil shipments leave it highly vulnerable to global price swings.
Travel agencies ask struggling airlines for full refund of canceled flights
by Ian Nicolas Cigaral - October 21, 2020 - 4:55pm
“We continue to ask for the public’s understanding on their refunds," PTAA President Ritchie Tuaño said in a statement.
Perennial problem of sluggish spending hampers Duterte's stimulus
by Ian Nicolas Cigaral - October 21, 2020 - 2:14pm
“We are expecting departments/agencies to submit their budget requests to the DBM soon so we can recommend these requests to the Office of the President and release the funds as soon as possible,” a budget...
US grants third aid in 2 months to Philippines, this time for calamities
by Ian Nicolas Cigaral - October 20, 2020 - 6:26pm
The grant will finance training for faster evacuation, early warning systems, and quicker delivery of relief to affected communities, while ensuring health protocols like social distancing are observed. 
Skyway 3 to open for free ahead of holidays in December
by Ian Nicolas Cigaral - October 20, 2020 - 5:03pm
The tollway will be free for use for a month.
Jollibee hikes stake in Tim Ho Wan in pandemic rebound strategy
by Ian Nicolas Cigaral - October 20, 2020 - 12:30pm
The transaction worth SGD36.3 million or $26.7 million will be paid for “in cash” and is targeted completed by October 30. Once completed, Jollibee’s interest in Titan Dining will rise to 85% from...
ATN Holdings supplies rocks to build North-South Commuter Railway
by Ian Nicolas Cigaral - October 19, 2020 - 4:30pm
Investors cheered the news. On Monday, shares in ATN jumped 13.51% to close at P0.84 each.
Crisis-fearing investors shorten debt payment terms as costs fall
by Ian Nicolas Cigaral - October 19, 2020 - 2:46pm
Payment terms of state debt continued to shorten as of August, an unwarranted consequence of investors remaining jittery to bet for the long haul, but government assured settling should not be a problem especially...
Robinsons Retail acquires 100% of Rose Pharmacy to boost drugstore business
by Ian Nicolas Cigaral - October 16, 2020 - 5:09pm
Robinsons Retail Holdings Inc. announced Friday it would take over Rose Pharmacy Inc., a leading drugstore chain in the Visayas and Mindanao regions.
Mining and oil stocks soar on lifting of exploration ban in West Philippine Sea
by Ian Nicolas Cigaral - October 16, 2020 - 2:59pm
Mining and oil stocks roared on Friday, with some firms hitting their highest price for the day as investors cheer the Duterte administration's decision to lift an oil exploration ban in the resource-rich West Philippine...
Customs issues reminders for duty-free shipments of balikbayan boxes ahead of Christmas season
by Ian Nicolas Cigaral - October 16, 2020 - 11:55am
The Bureau of Customs on Friday issued fresh reminders to Filipinos abroad who are planning to send home "Balikbayan" boxes, in anticipation of the typical influx of shipments during the Holiday season.
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