Artuji

What Happened to Twitter #Music?

admin — Tue, 21 May 2013 17:04:55 +0000

A little over a month ago, Twitter launched #Music, its take on what a truly social music discovery service might look like. It sounded loud, as loud as electro-voice speakers from musicians friend. It was strategic, leveraging Twitter’s enormous user base and vast amount of data, and thanks to a well-timed acquisition, saw some of [...]

Headline Inflation of Philippines at 2.6%

admin — Tue, 21 May 2013 17:02:09 +0000

Headline inflation at the end of April 2013 decelerated to 2.6% year-on-year, the lowest level in 13 months amid slowing month-on-month price increases across almost all commodity groups. April’s inflation figure was lower than the previous month’s 3.2% increase and was well within the BSP’s expected range of 2.2%-3.1% for 2013. The result was not [...]

AUB IPO Until May 17

admin — Tue, 07 May 2013 10:30:54 +0000

Asia United Bank’s debut in the local bourse was priced at Php95 per share allowing the bank to raise Php8.36 billion from its initial public offering (IPO). The international orderbook was oversubscribed by five times with 90 investors, 75% of which came from Asia and 25% of which came from Europe, with the equity offer [...]

Global Markets Mixed

admin — Tue, 07 May 2013 10:20:23 +0000

Global markets experienced a number of ups and downs this week amid a volley of economic data and corporate earnings releases. Sentiment was mostly positive nearing the end of the week, however, as the European Central Bank announced a 25 basis point cut on policy rates so as to further help the Euro-zone’s ailing economy. [...]

Meralco Posts Growth

admin — Tue, 23 Apr 2013 20:12:30 +0000

Manila Electric Co. (Meralco) posted a 19.3% growth in its net income during the first quarter to Php4.024 billion from Php3.373 billion registered in the same period a year ago. The income growth was mainly attributed to lower costs and expenses which fell by 3% to Php59.147 billion from Php60.998 billion given the lower power [...]

Stock Market Breaches 7,000 Points

admin — Tue, 23 Apr 2013 20:10:09 +0000

The local equities market breached the historical 7,000 level for the first time yesterday on expectations of strong 1Q13 corporate earnings and speculations of a further SDA rate cut this coming Thursday, during the Monetary Board meeting. The PSEi rallied 163.38 points, or +2.35%, to close at 7,120.48, its 27th all-time high for the year. [...]

Psy Releases New Single, Gentleman

admin — Tue, 16 Apr 2013 21:40:36 +0000

PSY wants not to be just a one hit wonder and he’s on his way there as the official music video for his newest release, “Gentleman,” now has more than 70 million YouTube views, just on its third day of release. It now also holds the record for the most views for a video in [...]

Dow Jones Plunges

admin — Tue, 16 Apr 2013 21:33:50 +0000

US equities finished Monday much lower, posting the worst one-day drop for the year, as investors sold off following China disappointing GDP data. Major averages were also dragged lower after two explosions occurred at the Boston Marathon finish line, causing property damage and injuring several runners and spectators. The Dow Jones Industrial Average index plunged [...]

Optimal Infrastructure Development Wins NAIA Project

admin — Tue, 16 Apr 2013 21:08:11 +0000

Optimal Infrastructure Development, Inc., a San Miguel Corp. unit, recently won a Php15.86 billion project to construct the Ninoy Aquino International Airport Expressway which was the third public private partnership (PPP) deal auctioned off by the government. The NAIA Expressway project involves the construction of an elevated road roughly 7.75-kilometer which would connect the airport [...]

Local Equities Drop

admin — Tue, 16 Apr 2013 20:46:05 +0000

The local equities market dropped as investors took profits from the all-time high last week. Yesterday, the PSEi lost 53.66 points, or -0.78%, to close at 6,837.77. All sectoral indices ended lower, led by Mining and oil (-2.13%), Services (-1.27%) and Property (-0.99%). Market breadth was negative with declines outpacing advances 97 to 65 with [...]