Business Nightly - May 29, 2017

Business Nightly - May 29, 2017

Templeton Emerging Markets executive chairman Mark Mobius says Martial Law is unfavorable for the Philippine economic growth. Investors await for the passage of the proposed comprehensive tax reform package, which is pending in Congress. The PSEi outperforms most Asian peers on Monday despite the Marawi crisis. Iligan City is under tight security amid reports that Maute members are blending in with evacuees. The DTI tightens its price freeze monitoring in areas where the Marawi residents evacuated. The PSEi outperforms most Asian peers on Monday despite the Marawi crisis.

Date
May 29, 2017
About The Show
Business Nightly is the ABS-CBN News Channel's main business news platform. Anchored by ANC's Business News Head Coco Alcuaz, it carries stories on the economy, the stock market, the top companies in the Philippines, personal finance and global business. It also carries interviews with the movers and shakers of the Philippine business community. Business Nightly airs weeknights, from 9:00pm to 9:30pm.
Genre
News, Current Affairs
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480

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Business Nightly - May 29, 2017

Templeton Emerging Markets executive chairman Mark Mobius says Martial Law is unfavorable for the Philippine economic growth. Investors await for the passage of the proposed comprehensive tax reform package, which is pending in Congress. The PSEi outperforms most Asian peers on Monday despite the Marawi crisis. Iligan City is under tight security amid reports that Maute members are blending in with evacuees. The DTI tightens its price freeze monitoring in areas where the Marawi residents evacuated. The PSEi outperforms most Asian peers on Monday despite the Marawi crisis.

Business Nightly - May 26, 2017

Pres. Rodrigo Duterte's business delegation to Russia is set to bring home millions of dollars in deals. DBM Sec. Benjamin Diokno believes the declaration of martial law in Mindanao may even benefit the region. Metro Pacific seeks foreign partners for its new logistics unit.

Business Nightly - May 25, 2017

Crude oil weakens after OPEC fails to pledge deeper cut forecast, while the Wall Street opens slightly higher. DOF Sec. Carlos Dominguez III says Pres. Rodrigo Duterte's declaration of martial law in Mindanao will not derail the timely passage of tax reforms. The PSEi extends gains in spite of mixed reactions towards Pres. Rodrigo Duterte's hint of extended martial rule. Alsons Consolidated president and CEO Tomas Alcantara remains confident about doing business in Mindanao amid the imposition of martial law.

Business Nightly - May 24, 2017

Pres. Rodrigo Duterte mulls placing the entire Philippines under Martial Law. The Philippines becomes the worst performer in Asia as investors digest the Martial Law declaration in Mindanao. The Philippine business delegation says they are confident that deals with Russian investors will push through. An international political risk analyst says the Martial Law declaration in Mindanao will determine its impact on the Philippines as a trade and investment destination.

Business Nightly - May 23, 2017

The British pound and U.K. stocks recover following the Manchester Arena attack. Unilever Philippines cites increasing inflationary pressures and the weaker Philippine peso as key challenges. Philam Life joins the bandwagon of firms interested in the government's infrastructure push. At least eight soldiers are hurt in an encounter with the Maute terror group in Marawi City. The DOF warns that the Philippines will suffer if tax reforms are not passed.

Business Nightly - May 22, 2017

Pres. Rodrigo Duterte flies to Moscow, Russia for a state visit. Steel Asia director Antonio Lorenzana says Russian steel imports are expected to support the Duterte administration's infrastructure push. Wall Street opens higher on Monday as oil prices continue to rally. The demand for government securities remains strong as investors continue to be bullish on the Philippine economy. The PSEi is back above 7,800 level on Monday supported by economic fundamentals.

Business Nightly - May 19, 2017

Brazil's political woes dampen stock markets worldwide. Pres. Rodrigo Duterte says refusing EU aid is DOF Sec. Carlos Dominguez III's idea. Zalora Philippines expands despite a slowdown in the economy in the first quarter. Pres. Duterte is set to ink a landmark partnership with Russia next week.

Business Nightly - May 18, 2017

U.S. stocks open mixed as investors watch the Trump administration's political turmoil with caution. Philippine growth fails to meet expectations as it slows down in the first quarter to 6.4 percent. Experts say the Philippines' refusal of aid from the EU puts trade relations at risk.

Business Nightly - May 17, 2017

The U.S. dollar declines as Pres. Donald Trump's political woes worsen. Economists expect the Philippine economy to grow by 6.8 percent in the first quarter due to strong exports and government spending. The PSEi rises for a second day ahead of the first quarter GDP report on Thursday. The DOF says the Duterte administration decided to stop receiving financial aid from the EU. House lawmakers eye passing the comprehensive tax reform bill before the end of May.

Business Nightly - May 16, 2017

The U.S. dollar extends decline, while crude oil is on its longest winning streak in more than a month. The Philippine government refutes analysts' expectations that the Q1 GDP growth will come in at 7 percent. More of the Philippines' biggest conglomerates gear up for Pres. Rodrigo Duterte's infrastructure build-up. Manulife remains optimistic about its growth in 2017 after meeting its internal targets in 2016, and strengthens its financial innovation in the Philippines. The NFA Council approves rice importation to boost stocks ahead of the lean harvest season.
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