Markets
DTI warns vs hoarding, profiteering amid crisis
The Department of Trade and Industry (DTI) on Saturday warned retailers against hoarding essential goods and engaging in profiteering, saying such illegal practices will not be tolerated as global tensions threaten to drive up oil prices and logistics costs.
US-Iran conflict sends oil prices soaring
Global oil markets swung violently Monday as the escalating conflict between the US and Iran disrupted one of the world’s most important energy corridors, briefly sending crude prices soaring before easing on hints the conflict might end soon.
Oil shock, war risks rattle Philippine markets
Philippine financial markets enter the week on fragile footing as surging oil prices and escalating Middle East tensions complicate the outlook for equities, the peso, and monetary policy.
PCC clears DoubleDragon’s MerryMart share purchase
The Philippine Competition Commission (PCC) has cleared the proposed acquisition by DoubleDragon Corporation of shares in MerryMart Consumer Corporation, allowing the transaction to proceed before the end of the regulator’s Phase 1 review period.
Jollibee weighs Vietnam IPO for Highlands
Jollibee Foods Corp., one of the largest fast food chain in Southeast Asia, is exploring a public listing for its fast-growing Vietnamese coffee arm, Highlands Coffee, in a move that could unlock fresh capital and sharpen the group’s regional expansion.
