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The PSEi - PSE Composite Index & The Economy
...GDP 4th Qtr/2017 Full Year released tomorrow...SELL on news Tongue

Philippine economy likely grew by 6.7% in Q4 — Moody’s

The country’s economy likely grew by 6.7 percent in the last quarter of 2017, according to Moody’s Analytics.

In its latest Asia-Pacific Economic Preview report, the economic research and analysis arm of Moody’s said the Philippines’ gross domestic product in the last three months of the year may have expanded by 6.7 percent, slower than the revised seven percent GDP growth the previous quarter.

This is, however, higher than the 6.6 percent growth recorded in the comparative quarter of 2016.

“The Philippine economy likely grew 6.7 percent year-on-year in the December quarter, after a 6.5 percent lift in the prior three quarters. Domestic demand likely remained the major driver of growth, with exports also providing lift thanks to strong demand for electronics and components,” Moody’s Analytics said.

In particular, Moody’s said consumer spending likely remained firm as households benefited from steady inflows of overseas Filipino remittances and a healthy labor market.

Investments also stayed solid on the back of the government’s Build Build Build program, which got a further boost late last year with the passage of the Tax Reform for Acceleration and Inclusion Act.

Business ( Article MRec ), pagematch: 1, sectionmatch: 1
“Growth prospects got a further boost late last year with the passage of the first tax reform bill, which will help fund President Rodrigo Duterte’s ambitious infrastructure development program,” the research firm said.

Currently, the estimated incremental revenues to be raised from the law is about P89.9 billion.

According to the Department of Finance (DOF), part of the additional revenues to be generated from the tax reform law will be used to fund the government’s Build Build Build program.

Under this program, the Duterte administration is planning to spend up to P9 trillion on infrastructure until 2022.

“That will go some way to improving the country’s poor infrastructure, which has long prevented the Philippines from reaching its potential,” Moody’s said.

The Philippine economy expanded by seven percent in the third quarter of 2017, based on the revised figures of the Philippine Statistics Authority. This puts the government on track to meet its 6.5 percent to 7.5 percent full-year growth target.

The government is scheduled to announce the country’s last quarter and full-year GDP growth on Jan. 23.


source: http://www.philstar.com/business/2018/01...-q4-moodys
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No change in PSE index; sectors undergo revamp

THE 30-MEMBER Philippine Stock Exchange index (PSEi) will remain unchanged, according to the bourse’s latest review covering full year 2017.

The Philippine Stock Exchange (PSE) announced in a statement on Monday that while there will be no changes to the main index’ composition, it has increased the minimum free float level requirement to 15% from 12% previously.

“This adjustment was made in anticipation of the plan of the Securities and Exchange Commission (SEC) to increase the minimum public ownership (MPO) for publicly-listed companies,” PSE President and Chief Executive Officer Ramon S. Monzon was quoted as saying in a statement.

The SEC had released a memorandum circular last November 2017 requiring companies seeking to conduct an initial public offering to have an MPO of at least 20%.

The corporate regulator has yet to release guidelines on how publicly listed companies should comply with the new rules, but noted in a draft circular that publicly listed firm will first be directed to reach a public float of at least 15% this year, before further raising it to 20% by 2020.

The PSE takes into account a company’s public float, liquidity, and capitalization in order to determine its suitability to be part of the index, which is seen as a gauge for investor sentiment.

“To ensure the sustainability and viability of companies that form the index, we shall also take into account the financial condition of companies that are potentially first time entrants to the main index and companies that form part of the sector indices,” Mr. Monzon added.

On the other hand, PSE’s six sectoral indices will be revamped.

The sub-index for holding firms will lose Lodestar Investment Holdings Corp., Pacifica, Inc., and Ramon S. Ang-led Top Frontier Investment Holdings, Inc.

Philippine Realty and Holdings Corp. will be added to the property sector, while Araneta Properties, Inc., Cyber Bay Corp., and MRC Allied, Inc. will be dropped.

To be included in the index for services are MacroAsia Corp., PhilWeb Corp. and Waterfront Philippines, Inc. On the other hand, 2GO Group, Inc., Apollo Global Capital, Inc., Island Information and Technology, Inc., Premiere Horizon Alliance Corp., Travellers International Hotel Group, Inc., and SBS Philippines Corp. will no longer be part of the services index.

Medco Holdings, Inc. will no longer be part of the financial index.

The industrial index will add two firms: Shakey’s Pizza Asia Ventures, Inc. and SFA Semicon Philippines Corp., while removing six firms, namely Crown Asia Chemicals Corp., Energy Development Corp., Holcim Philippines, Inc., Pepsi-Cola Products Philippines, Inc., Pryce Corp., and RFM Corp.

Atlas Consolidated Mining and Development Corp. and Century Peak Metals Holdings Corp. entered the mining and oil sector, while Marcventures Holdings, Inc. has been removed from the sub-index.

The changes will be implemented on Feb. 19. This is in line with the PSE’s policy that changed the recomposition schedule to February and August, instead of the previous March and September schedules.


source: http://bworldonline.com/no-change-pse-in...go-revamp/
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comm...yung sa MSCI index rebalancing may news ata..di ko lang makita pa ung link
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...nakalipat na pala sila sa BGC 'no?

At new BGC office, PSE to finally open unified trading floor

THE Philippine Stock Exchange, Inc. (PSE) will finally have a unified trading floor today, as it moves its operations to Bonifacio Global City, Taguig.

The PSE’s new office building, called One Bonifacio High Street, stands 26-storeys high with a gross leasable area of 30,000 square meters. The tower forms part of the Ayala Land Premier’s mixed-use estate along 5th Avenue corner 28th Street.

Plans to transfer to BGC to establish a single headquarters for the PSE started back in 2012, when the exchange inked a deal with Ayala Land, Inc. for the purchase of new office spaces in the rising financial district.

“As we move to our new office at the Bonifacio Global City, we shall embark on recording new history for the stock market and for our country,” PSE Chairman Jose T. Pardo said during the last closing bell at the Ayala Tower One trading floor.

Prior to moving to One Bonifacio High Street, the PSE had two separate trading floors located in the PSE Tektite Building in Ortigas Center, and Ayala Tower One in Makati City. 

The PSE Tektite Building was occupied by traders of what was formerly the Manila Stock Exchange. Founded in 1927, the first equities market in the country originally held office in Insular Life Building on Plaza Cervantes, Binondo, Manila. 

On the other hand, traders at the PSE Ayala were from the Makati Stock Exchange, which was established much later in 1963. These traders conducted their business at the Insular Life Building in Makati, before moving to the Ayala Tower in 1971.

While both exchanges traded the same stocks of the same companies, there were discrepancies in their prices, prompting then President Fidel V. Ramos to intervene and launch efforts to unite the two exchanges. 

With this, the PSE was established on July 14, 1992. Five months later on Dec. 23, the Manila and Makati Stock Exchanges were merged as one. It is only today, however, that the two trading floors would be physically united under one roof.

“A united exchange has always been a goal and finally we have achieved it. Hopefully it will be more cost efficient,” Regina Capital Development Corp. President Marita Limlingan said.

Ms. Limlingan, however, noted that the two exchanges were already unified prior to the transfer through technology.

“Unification to me is more symbolic because are actually united through technology,” she said.

In preparation for the transfer of its offices to BGC, the PSE last week held the final ceremonial ringing of the closing bell at the Tektite and Ayala towers. The Ortigas offices were sold back to its developer, Philippine Realty and Holdings, Corp., while the PSE has yet to decide what to do with the Ayala offices.

“The move is symbolic of a move towards a united capital market. After the unification of the trading floors, the next step would be for PSE to complete its acquisition of the PDS group which would result in a one-stop market for various financial assets,” PNB Securities, Inc. President Manuel Antonio G. Lisbona said. 

Aside from transferring to a new headquarters, the PSE is also working on its merger with the Philippine Dealing Systems Holding Corp. The move is seen to further strengthen the country’s capital markets as it achieves synergies in operations.


source: http://bworldonline.com/new-bgc-office-p...ing-floor/
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...scam na naman?

SEC cautions public against investing in Unitynet

THE Securities and Exchange Commission (SEC) has advised the public against investing in Unitynet Corp., which has not secured the necessary license to solicit any form of investment.

In an advisory posted on its Web site last week, the SEC said it has received reports that Unitynet has been enticing people to invest P2,990 in the company in exchange for access to a system that will guide them on how to conduct business better.

The country’s corporate regulator clarified that Unitynet does not have the authority to engage the public into any form of investment scheme. While Unitynet has a primary registration as a corporation with the SEC, it does not have a secondary license that allows it to offer, solicit, sell, or distribute any investment or securities.

Further, the investment products sold by the company must also be registered with the SEC, as per the Securities Regulation Code.

“In view thereof, the public is hereby advised to exercise caution before investing in these kinds of activities and to take the necessary precaution in dealing with Unitynet Corp. or its representatives,” the SEC said.

Unitynet allegedly gives investors access to the Ascending Profit System (APS) for an investment of P2,990. Originally priced at P70,000, this system contains items such as the 10 Steps Training Kit and One-on-One Coaching.

Through the APS, Unitynet will train investors on how to recruit or sponsor more downlines into their network marketing business, how to sell products online effectively, and how to promote their traditional businesses.

The SEC said that Unitynet tells prospective investors that they can earn as much as P11,000 for the investment, provided that they join the company immediately as there are limited slots. A member of Unitynet will also earn P1,000 for every person he refers into the system.

The methods of recruitment are primarily done online through a member’s social media account or Web site, where members are told to upload videos with catchy titles such as “Gusto mo bang kumita ng extrang P10,000?”

The SEC warned those who act as salesmen, brokers, dealers, or agents of Unitynet may be held criminally liable as per Section 28 of the SRC, in addition to a fine of up to P5 million or a penalty of 21 years in prison.

The commission may also sanction those who simply invite or recruit people into Unitynet.

The SEC added that any information relating to Unitynet should be immediately reported to its Enforcement and Investor Protection Department. 


http://bworldonline.com/sec-cautions-pub...-unitynet/
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...ayan may bagong papartner sa third telco di lang chinese at korean, pati indian na Tongue

Indian firm wants to join PH telco market — Duterte

President Rodrigo R. Duterte announced on Tuesday, Feb. 20, that an Indian firm is seeking to invest in the Philippines’ telecommunications industry.

“So, we now talk about why we are here. Most of you are here because you are in business. And in this world of big business now, most of you or some of you are already in the Philippines, even in the construction business. There’s a new application from an Indian company,” Mr. Duterte said during his speech at the induction ceremony of the new board of directors of the Federation of Indian Chambers of Commerce Phils. Inc. (FICCI) held at the Malacañan Palace on Tuesday evening.

He added: “India is also interested to enter into the telecom industry, and we are considering… I invited them during my talks with the businessmen in India during my official visit.”

The selection of a third telecommunications service provider is one of the top priorities of Mr. Duterte’s administration for the first quarter of the year.

The Department of Information and Communications Technology (DICT) has recently released the draft criteria for the selection of the third telco player, and it is set to be presented to the stakeholders in a consultation on Feb. 27.

Also during his speech, the President reminded the Filipino-Indian businessmen that he has “opened up the third frequency for telecommunications.”

“If you are the representative there, you can always go to them and discuss business. But if you are asked to shell out money or there is a transaction which involves corruption for a favor or for a permit, then let me know,” Mr. Duterte said. “Unless you are ready to give it, then just shut up because it’s yours. But you are not supposed to spend for anything unless it’s part of the official fees and the collections of government, regulatory fees most of it.”


source: http://bworldonline.com/indian-firm-want...t-duterte/
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...I really hope so, parang gusto ko na mag-cash na lang muna ah Tongue pero sabi ni Miss April wala daw bear market, sana totoo

Bourse expected to weather global volatility

PHILIPPINE EQUITIES are unlikely to return to bear territory for some time despite volatility in global markets, with the country’s long-term economic growth prospects remaining intact against a backdrop of normalizing interest rates and mounting inflation pressure, stock market analysts said on Tuesday.

After a dizzying ascent to record levels at the start of the year, global equity markets have recently succumbed to a sharp sell-off after the United States Treasury yields hit a four-year high.

This revived concerns of a repeat of the 2013 “taper tantrum” that prompted the Federal Reserve to gradually scale back its monetary stimulus program, eventually roiling worldwide financial markets.

The local market was not spared, with the Philippine Stock Exchange index (PSEi) — a barometer of investor confidence — erasing its gains early this month at the height of the correction.

During the BusinessWorld Stock Market Roundtable at the Makati Shangri-La, COL Financial Group, Inc. Vice-President and Head of Research April Lynn L. Tan said the online brokerage downgraded its 2018 forecast for the PSEi to 8,750 from 9,300 after factoring in the impact of higher borrowing costs.

Philstocks Financial, Inc. Head of Research and Engagement Justino B. Calaycay, Jr. also hinted that a revision of its base-case forecast of 7,900-8,200 and best-case projection of 10,700-11,000 is in the cards after the release of the first-quarter corporate earnings.

Taking into account past corrections, COL Financial’s Ms. Tan expects the PSEi to bottom out at the 7,881 and 8,062 levels around March and May. The benchmark PSEi added 0.14% to close at 8,722.70 on Tuesday after spending most of the day in the red.

“Those waiting for a bear market, I’m sorry, I think you will be disappointed,” Ms. Tan said.

The Philippines, while vulnerable to wild price swings because of the sharp rally at the start of the year, deserves to trade at a premium over other Asian markets, said Michael Gerard D. Enriquez, chief investment officer at Sun Life of Canada Philippines, Inc., citing the robust domestic economy, acceleration of the government’s infrastructure program and the passage of other tax reform packages.

“As a long-term investor, we are excited about how infrastructure will play a role in the GDP. Right now, it’s 70% consumption, but if the government starts to spend and investments come into play, we can see our (gross domestic product) growth breaching seven percent,” Mr. Enriquez said.

First Metro Asset Management, Inc. President Augusto M. Cosio said the global asset allocation for emerging markets has been increasing in recent years, even as international fund managers are still underinvested in the Philippines.

“Emerging markets are the trade of the decade. Emerging markets, indeed, are the place to be,” Mr. Cosio said.

Another key risk this year is higher inflation as a result of weak peso and a new tax reform law, which threatens to dent consumer spending, Ms. Tan said. Consumption is one of the key drivers of the economy, accounting for two-thirds of gross domestic product (GDP).

The central bank expects inflation to average 4.3% this year, topping the 2-4% target range due to price pressures from fuel, cars, tobacco, coal and sugar-sweetened drinks.

“This too will pass. It is not a runaway inflation,” Ms. Tan said. “The Bangko Sentral has the tools to control inflation. It is not a long-term problem. It is a short-term issue.”

Aside from the possibility of more aggressive pace of rate hikes by the Fed and faster inflation, Sun Life’s Mr. Enriquez tagged the peso’s depreciation, worsening current account deficit and government execution of projects as the other key risks.

“There’s a lot of near-term potential disruptors, but over the medium-term, we continue to be constructive on equities market in general,” Mr. Enriquez said.

The analysts were overweight on banks because of rising interest rates, lower reserve requirement and fast loan growth.

The consumer sector may be “challenged” because of quickening inflation, and the infrastructure sector faces some “uncertainty” over how the government pursues big-ticket projects, they said.

“Whether the world is going up or going down, there are always opportunities out there. It’s only a matter of looking for them,” Philstocks’ Mr. Calaycay said.


source: http://bworldonline.com/bourse-expected-...olatility/
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6-22

Top Philippine fund manager says stock market rout not over

THE Philippine central bank needs to do more to help stocks recover from a slump that has pushed them into bear market territory and made them Asia’s worst performers this year, according to investors.

The Philippine Stock Exchange Index sank 2.3% on Thursday, leaving it down more than 20% from its January peak.

Fritz Ocampo, who manages about $19 billion as chief investment officer at BDO Unibank, Inc. in Makati, said the central bank’s second interest rate hike this year on Wednesday will fail to fuel a sustainable rebound in stocks because it’s not enough to fully arrest the peso’s slide, as inflation has yet to peak.

The Philippine peso has lost 6.7% this year, the biggest drop among Asian currencies.

“The market needs a clear announcement to calm nerves,” Mr. Ocampo said. “We may have not seen the bottom yet. Any rally could be short-lived because international investors are unwinding out of emerging markets.”

Over $43 billion in market value has vanished this year as the benchmark slid more than 16%, the world’s worst performer after Turkey. From its record close on Jan. 29, the Philippine Stock Exchange Index has slumped more than 21%, breaching the 7,246.90 level that marks a bear market. The gauge was 7, 134.41 at the noon break in Manila.

“Investors are still jittery,” said Manny Cruz, analyst at Asiasec Equities, Inc. in Manila. “The foreign sell-off remains relentless as the rate increase hasn’t provided a catalyst while prospects escalated that a trade war will erupt between the US and China.”

Today’s sell-off drove Philippine stock index valuations to 15.3 times projected 12-month earnings, its cheapest level since Jan. 26, 2016, and down from 19.9 on Jan. 23. The multiple is more than two standard deviations below its five-year average, a level that preceded rallies in 2013 and 2016.

If the index eventually rallies, its climb may be limited to about 7,600 as it mimics last month’s pattern, Mr. Ocampo said. The index rose over 300 points in two sessions after the May 10 hike and then dropped toward a 14-month low as inflation accelerated and the peso slumped to a 12-year low against the dollar.

Investors think another 25-basis point hike may be needed this year to keep inflation in check and stem the peso’s depreciation, Mr. Ocampo said. Wednesday’s rate increase may not be enough to keep up with the Federal Reserve, which has indicated that it may lift as many as four times this year, he added.

The latest central bank hike didn’t prevent the iShares MSCI Philippines ETF from falling 1.5% overnight in the US, its 10th straight day of declines and longest losing streak since June 2013.

Foreign fund withdrawals, which reached $1.14 billion so far this year, could climb to $2 billion by December unless the exodus slows, Mr. Ocampo said. He is overweight property companies because of strong residential sales and project launches. Retailers are also attractive as they can pass on the higher cost of goods.

All 30 components of the benchmark Philippine stock index fell in Manila today led by port operator International Container Terminal Services, Inc., which slumped as much as 5%, and builder Ayala Land, Inc., which declined more than 2%.

“Foreign funds outflow isn’t showing signs of letting up,” Mr. Ocampo said, adding that the index could test 7,000 in the near term as the sell-off may escalate before the benchmark recovers to 8,500 by yearend. “Cash is king for now.”


source: http://bworldonline.com/top-philippine-f...-not-over/
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May sees state revenues, spending rise

THE GOVERNMENT saw its fiscal deficit dip last month from the past year, as revenue growth slightly outpaced that of spending, the Bureau of the Treasury (BTr) reported on Monday.

The government posted a P32.9-billion fiscal deficit in May, down two percent from P33.4 billion in the same month last year.

“The deficit is slightly lower than last year’s level by two percent as revenue growth narrowly exceeded the acceleration in government spending,” the BTr noted.

Overall government revenues grew 13% to P259 billion from P228.3 billion, with tax revenues alone increasing by the same pace to P227 billion from P200.7 billion.

The Bureau of Internal Revenue (BIR) collected P172 billion that month, eight percent more than P158.7 billion a year ago, while the Bureau of Customs (BoC) raked in P52.7 billion, a 33% jump from P39.6 billion. Collections from other state offices that month, however, were 10% less at P2.2 billion from P2.5 billion in the same comparative months.

“The increase was due to the combined effects of the weaker peso, higher oil price and higher import volumes,” the BTr explained of the surge in Customs collections.

Non-tax inflows, meanwhile, accounted for P32 billion of overall revenues in May, recording a 16% increase from P27.5 billion a year ago. The BTr generated P21.4 billion of that amount, 19% more than the P18 billion recorded in 2017. Other government offices raked in P10.6 billion, 12% more than the past year’s P9.5 billion.

Overall expenditures last month, meanwhile, totaled P291.9 billion, 12% more than the P261.7 billion disbursed a year ago.

Interest payments were P21.1 billion, steady from May 2017, “mainly due to peso depreciation and an increase in rates for outstanding floating rate loans”.

Stripping out interest payments, net state disbursements grew 12% to P270.8 billion from P240.7 billion.

Michael L. Ricafort, economist at the Rizal Commercial Banking Corp., said that sustaining above-than-expected revenues would send a good signal to international rating agencies that the Tax Reform for Acceleration and Inclusion law, or Republic Act No. 10963, is delivering on its promise.

“Narrower budget deficits compared to the target ceiling set by the government amid improved government revenue collections may be taken more positively by credit rating agencies, especially if this is due to the structural improvements in government revenue collections as a result of tax reform measures and other reform measures to further improve tax collections/tax effort in a sustained/recurring manner,” Mr. Ricafort said in an e-mail.

He attributed the relatively slower year-on-year expenditure growth to “higher base/denominator effects in the same period last year.”

“A combination of improved government revenues and sustainable growth in government expenditures — especially on infrastructure — would be the ideal scenario, in terms of improved fiscal performance with structural improvements in tax revenue collections and increased economic growth brought about by greater contribution of more government spending on infrastructure and other spending that support long-term economic development/prospects,” Mr. Ricafort said.

The January-May fiscal deficit is now at P138.7 billion, more than double the P63.6 billion recorded in the same five months last year.

This is equivalent to 26.48% of the P523.7-billion full-year programmed budget shortfall.

“Compared to program, year-to-date deficit was 32% or P66.3 billion lower than programmed on account of higher revenue collections which exceeded the program by P81.5 billion or 7%,” the BTr said.

Revenues in the five months to May totaled P1.186 trillion, 19% more year-on-year from P996.5 billion.

Of that total, tax collections were P1.067 trillion, up 18% from P900.8 billion. The BIR collected P827.7 billion as of May, growing 15% from P716.8 billion a year ago, while the Customs bureau raked in 31% more at P229.3 billion from P174.9 billion. Collections from other state offices were P9.8 billion, eight percent more than the year-ago P9.1 billion.

Overall non-tax revenues amounted to P119.4 billion, 25% more than the P95.8 billion collected a year ago, with the BTr growing collections by 22% to P58.4 billion from P48 billion and other government offices increasing these inflows by 28% to P61.1 billion from P47.7 billion.

Expenditures in the first five months of the year totaled P1.33 trillion, up 25% from P1.06 trillion the past year.

Total interest payments amounted to P141.4 billion, seven percent more than P132.3 billion last year.

Net of interest payments, state spending grew 28% to P1.184 trillion from P927.8 billion in the same comparative five months.


source: http://bworldonline.com/may-sees-state-r...ding-rise/
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5-5

...this is a useful stock list to watch out for Tongue

26 PHL firms among Asia Pacific’s fastest growing companies
By BusinessMirror - April 5, 2018

THE Financial Times (FT) of London has released its inaugural list of the FT 1000 High-Growth Companies in Asia Pacific, consisting of firms based in 11 of the region’s more developed markets, namely  Australia, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, the Philippines, Singapore, South Korea and Taiwan.

FT’s research partner Statista compiled the list, basing the rankings on the percentage of revenue growth between 2013 and 2016. Two fastest-growing fintech companies from the fintech industry, Prospa of Australia and Pushpay of New Zealand, topped the list after registering compounded annual growth rates (CAGR) of 445 percent and 408 percent, respectively.

Twenty-six Philippine companies made it to the FT 1000 list, and the top three are ASpace, DFNN Inc. and PetroEnergy Resources.

ASpace is an unlisted support services company providing coworking spaces in Makati and Cebu. Philippine Stock Exchange (PSE) listed company DFNN, which is recognized in both the gaming and fintech Industries, is the only Filipino core technology company to make the list. PetroEnergy is another PSE-listed firm engaged in upstream oil exploration, renewable- energy development and power generation. 

Here is the complete list of high-growth Filipino firms, with CAGR and overall ranking as follows:

ASpace, 115.2 percent (53rd);  DFNN Inc., 49.3 percent  (193rd) ; PetroEnergy, 34.8 percent (320th); Semirara Mining, 29.9 percent (394th); Alsons Consolidated, 27.3 (444th); Leisure & Resorts World, 26.5 percent (467th); Pryce Corp., 19.8 percent (663rd); Cirtek Holdings, 19.1 percent (693rd);

JG Summit, 17.7 percent (755th); Concepcion Industrial, 17.6 percent (760th); Megawide Construction, 17.5 percent (764th); Puregold Price Club, 15.4 percent (856th); STI Education Systems, 15.2 percent (863rd); Harbor Star Shipping, 14.8 percent (877th); Cebu Air, 14.7 percent (881st);  Solid Group, 14.5 percent (890th);

Century Pacific Food, 14.1 percent (903rd); MacroAsia, 13.2 percent (927th); SSI Group, 13.0 percent (930th); Jollibee Foods, 12.4 percent (947th); Asian Terminals, 12.1 percent (956th); SPC Power, 12.0 percent (958th); Crown Asia Chemicals, 11.7 percent (967th); Emperador Inc., 11.2 percent (981st); Manila Broadcasting, 11.1 percent (984th); Philippine H2O Ventures, 10.5 percent (996th). 

This is the first time such a list has been compiled, and those that made it came from a pool of 14,000 companies that were chosen on criteria that they generated revenues of at least $100,000 in 2013, and at least $1 million in 2016.

With a total of 271 companies on the FT 1000, India reigned supreme, followed by Japan with 190 and Australia with 115. In terms of most number of companies for a single city, Tokyo came out on top with a total of 134, ahead of Mumbai’s 60 and Sydney’s 52.


source: https://businessmirror.com.ph/26-phl-fir...companies/
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