In the truncated week starting from March 30, the market is expected to remain in control of bears with majorly focussing on West Asia war, oil prices, FIIs mood and Indian rupee movement against the US dollar.
Sunday scan. I go through all major & minor forex pairs plus gold, managing open trades and identifying fresh setups. Straight to the point, real-time decision-making. Hope you pick up useful ideas from this session.
MALACAÑANG on Sunday gave assurances the country’s energy security is steadily stabilizing despite the global oil crisis triggered by the war in the Middle East. In a statement, Executive Secretary Ralph Recto said the “synergy of public-private efforts,” spearheaded by President Ferdinand Marcos Jr., is now “bearing fruits that guarantee energy security” as the government addresses the effects “of a crisis not of its own making.” Recto cited, among others, the commitment of oil firms to provide a steady supply of oil and petroleum products despite the volatility in the international market. One such company is Petron Corp., which sourced its supply from both traditional and alternative sources. Last week, its procurement of more than 700,000 barrels of Russian crude oil was delivered. “Meanwhile, the oil diplomacy ably conducted by energy officials led by (Department of Energy) Secretary Sharon Garin has resulted in the firm order of 1.04 million barrels of diesel, with the first batch arriving this week. From Indonesia also comes the ironclad guarantee of a steady supply of coal. The news that new wells of Malampaya will go on stream by the last quarter of this year further boosts our energy security,” he said. “Believing that these gains will be sustained, we fully back the efforts of Petron, Seaoil, other oil companies, the DOE (Department of Energy), and PNOC (Philippine National Oil Company) to keep the supply lines flowing so the economy is powered up, the country running, and our lives minimally disrupted,” Recto said. He pointed to the recently signed Republic Act 12316 which grants the president the authority to suspend or reduce excise taxes on fuel as another mitigating measure to cushion the impact of skyrocketing pump prices. These initiatives, however, “will all be for naught” if not felt by the people, Recto said. Government assistance, such as fuel subsidies and discounted rides and toll fees, has been rolled out to ease the burden of vulnerable sectors. Around 250,000 public transport drivers — bus, jeepney, tricycle, and transport network vehicle service (TNVS) — have benefited from the financial aid. Farmers and fisherfolk will also receive assistance to prevent fuel costs from driving up food prices. The government’s vehicle fleet, except those used for public safety and health services, “has been put on a strict gas diet,” Recto said.
Each federal budget cycle reliably generates calls to reform negative gearing and the capital gains tax discounts.
Africa’s poultry sector is shifting from import dependence to coordinated, policy-driven domestic production, with countries aligning finance, skills and regional partnerships to scale output. Gabon is moving fast to ban chicken imports by 2027, turning to Senegal, Africa’s long-standing poultry success story, for guidance. According to sector analysts, what is emerging is not isolated reform [...] The post Poultry at centre of Africa’s food security appeared first on Sunday World .
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Four weeks into the Iran conflict, global financial markets are starting to show some serious signs of strain.
Explore BlockDAG, BDAG, XRP, and HYPE trends in crypto markets, covering technology, price movements, and what investors should watch next.
Here’s an additional finding from The Real Deal’s recently published top 100: the founder factor is real. Our selection of the most prominent people in Southern California real estate has a lot of founders, who, even if they’ve stepped back on paper, still appear to be very much in. There is no better example than founder-turned-chief-executive-turned-executive-chairman Rick Caruso. The billionaire mall developer founded his real estate empire in the late 1980s and was CEO until 2022, when he ran for Los Angeles mayor against Karen Bass and named Corinne Verdery as his successor. Verdery still runs the company on a [...] This article originally appeared on The Real Deal. Click here to read the full story.
On this three-day trading week, the local stock market is seen to remain bearish due to the impact of the Middle East conflict on inflation and supply, while investors are also expected to hold on to cash heading into the long Lenten break amid these uncertainties. “The local market is still expected to have a bearish default due to rising inflation expectations amid the uncertainties of the United States (US)/Israel-Iran war. Investors are also expected to trade cautiously ahead of the long weekend,” said Philstocks Financial Inc. research manager Japhet Tantiangco. He noted that, “The elevated oil prices and the weak position of the peso are expected to continue weighing on market sentiment. Investors are also expected to monitor further developments in the conflict in the Middle East.” Online brokerage 2TradeAsia.com said the reality of active hostilities and rejected counterproposals keeps a massive risk premium embedded in crude, which implies de-anchored inflation expectations and crippled supply chains. “For capital markets, this translates to a sustained ‘risk-off’ environment: sovereign yields are facing upward pressure as markets brace for a stagflationary shock, while the US dollar remains the primary beneficiary of a flight to safety,” it noted. The protracted closure of the world’s most vital oil artery suggests that higher-for-longer terminal rates may be the only tool left for central banks to combat the second-round effects of an energy price spike. “This is a week for discipline and a season for introspection, heading into a low-liquidity week amid the Lenten break. Focus on companies with the pricing power to weather rising input costs and the balance sheet strength to survive a high-rate, low-consumer confidence environment,” 2TradeAsia.com advised. For stock picks, Unicapital Securities Inc. head of research Wendy Estacio-Cruz said banks may benefit if the Bangko Sentral ng Pilipinas (BSP) decides to hike interest rates to tame inflation. “Banking might outperform over the next couple of quarters, given that their margins will be protected somehow,” she said, adding that after Russia started the war in Ukraine, only the financial sector gained by seven percent while all other sectors, even the Philippine Stock Exchange index (PSEi), were down. She said defensive stocks are also good hedges during crises, such as utilities like power and water, and commodity-driven stocks such as mining due to rising prices of gold and other metals. Abacus Securities Corp. has a BUY rating on SP New Energy Corp. (SPNEC), as the first phase of its massive Terra Solar project will be fully operational by August and will deliver 850 megawatts (MW) by the first quarter of 2027, after its smaller second phase also comes online.
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Could a spark light private credit markets on fire? According to former Goldman Sachs CEO Lloyd Blankfein, the answer is clear: Absolutely. The post Three Stocks to Buy as Investors Flee This $3 Trillion “Shadow” Market appeared first on InvestorPlace .
With its “poor track record” in running businesses, the government should stay out of Petron Corp., as tycoon Ramon Ang is better suited to manage it – and perhaps even the country, analysts said.