Stock index breaches 5,000 level
Philippine share prices on Thursday breached the 5,000 level on expectations of policy rate reduction by the Bangko Sentral ng Pilipinas.
At the Philippine Stock Exchange, the composite index added 40.96 points or 0.84 percent to close at 4,938.61, while the broader all-shares index gained 21.44 points or 0.65 percent to 3,327.80.
Most of the sectors posted gains, except for the property and mining and oil stocks.
Advancers led decliners, 93 to 70, while 45 stocks were unchanged. A total of 5.93 billion stocks worth 8.12 billion changed hands.
“Anticipating a rate cut later in the day, the bulls dominated trades to open the month strong,
falling in line with claims the bull has taken hold of Asian equities,” said Jun Calaycay of Accord
Capital Equities Corp.
The Philippine central bank did cut its main policy rate by 25 basis points to a record low of 4 percent to bolster the local economy amid weaker external demand and global growth.
After reaching a new intraday high of 5,011.69, the benchmark index succumbed to profit-taking and erased more than a third of its gains.
“As of the close, there was no clue as to the Monetary Board’s decision on the rates, leaving the market guessing,” Calaycay said.
“Absent firmer leads, and with [Federal Reserve Chairman] Ben Bernanke’s statement on the US economy before the US Congress hanging above investors’ thoughts, the advance was deflated in the afternoon round,” he added.
Overnight, the Dow Jones industrial average retreated 0.4 percent to 12,952.07 after Bernanke said that the Fed may less likely buy more bonds to boost the economy.
http://www.manilatimes.net/index.php/business/top-business-news/18313-stock-index-breaches-5000-level
With new golf courses springing up in and around Clark Philippines and an ever-increasing patronage by tourists from neighboring South Korea, Clark Freeport is short on hotel accommodation.
Even with the addition of 27 holes in 2009 and 2010, there is an acute shortage golf tee times for at least 5-6 months each year. Local players compete with frustrated (golf) tourists from Korea and China for tee times. Unfortunately Clark Philippines doesn’t have the luxury of vast tracts of land suitable for this type of development.
Mimosa offers 36 holes of championship golf, visitors can pay and play, busy during the weekends but not that difficult to get on or join up with a group to form a 4-ball. The new FAKCC offers 27 holes of world-class golf.
Where to go in Clark? Hotel Clark Philippines is a De Luxe Hotel in Clark and Subic, a risk free place to stay, cozy and nice ambience, a nice function place for special occasion
You might want to check also the Yats Restaurant is the best restaurant for special dinner, best restaurant for dinner with friends near Manila, also the best place to celebrate special events.
Famous Restaurant in Pampanga, a place to dine with friends in Clark, cozy restaurant with a nice ambience, a nice function place for special occasions. Yats Restaurant is one of the good restaurants in Pampanga, a restaurant with good food, a place that is nice for celebration, ideal for business dinner meeting, a good place to enjoy family reunion, and an attractive restaurant that serves good wines for dinner.
Are you looking for an attractive restaurant or a nice place to eat with friends in Clark, Angeles City Pampanga? Yats Restaurant and Wine Bar is a restaurant with good food and good wines for dinner located at Clark Angeles City Pampanga. Perfect for exclusive dinner venues for groups, recommended for private dinner in Philippines. A Restaurant in Clark for business dinner meeting. Private dinner place or dinner restaurant in Clark Subic Near Manila Angeles City Pampanga. Yats Restaurant is one of the Good Restaurant in Pampanga Angeles City Clark near Manila.
What many tourists and residents of Manila, Subic, Pampanga Angeles City and Clark Philippines found out over the holidays when they traveled out of town going north to Pampanga for a short getaway and a nice vacation was that there is a highly recommended hotel in Clark is also a very night out place.
Looking for a party venue in town?
Clearwater Resort and Country Club is one of the ideal venues for birthday party because it is a risk free venue. Not only Birthday Parties but also a good place to enjoy family reunion. A good place to celebrate special occasions. Clearwater Resort and Country Club is one of the resorts in Subic Clark Angeles City Pampanga or near Manila with activity amenities, place that are nice for celebration.
This web site contains articles and information that will be helpful to visitors, residents and tourists traveling out of town from Manila on a short getaway to Subic, Angeles City, Pampanga and Clark Philippines. There are several web sites that contain information that might also be pertinent to what is happening in North Luzon, Subic, Tarlac, Pampanga, Clark Freeport Philippines.
Looking for interesting hotels near Manila Subic Clark Angeles City Pampanga?
Trouble free hotels and well recognized hotels in Subic Clark Angeles City Pampanga
Clearwater Resort and Country Club offers a good place to stay in Subic Clark Angeles City Pampanga. In offers nice place to have rest in Subic Pampanga outside Manila.
One of the Philippines top hotels in north Luzon.
Wedding couples looking for wedding reception venues and beach wedding venues can log on to this Philippines Wedding Venue web site for free information and assistance:
Yats International Leisure Philippines
For assistance with lodgings, accommodations, hotels and resorts near Manila in Subic, Pampanga, Angels City and Clark Philippines log on to http://www.HotelClarkPhilippines.com
While in Clark, one might as well add to the itinerary a visit to the famous Clark Wine Center, the largest wine shop in Philippines which offers over 2000 selections of fine vintage wine from all wine regions, vintages spanning over 50 years covering all price ranges.
http://www.ClarkWineCenter.com
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