Markets
Hotel101 rings Nasdaq bell; nears debut
DoubleDragon Corp. founders Tony Tan Caktiong and Edgar “Injap” Sia II led Hotel101 Global executives in ringing the Nasdaq opening bell in New York, marking a major step toward the Filipino company’s anticipated public listing. This follows the U.S. SEC’s June 2 approval of the registration statement for Hotel101 Global’s planned merger with Nasdaq-listed JVSPAC Acquisition Corp., a Hong Kong-based SPAC formed in 2021. The move signals the global ambitions of the Hotel101 brand, known for its standardized hotel concept. “This moment is for every Filipino who dares to dream big,” said Hotel101 Global CEO Hannah Yulo-Luccini at the ceremony.
Trump’s claim of Iran-Israel ceasefire calms global markets
Financial markets rallied Tuesday after US President Donald Trump announced a ceasefire agreement between Iran and Israel, offering investors a temporary reprieve from escalating tensions in the oil-rich Middle East.
T-bill yields mixed as Middle East tensions offset BSP rate cut
Treasury Bills, Middle East Tension, BSP, Rate Cut,
“PH market fundamentals solid despite geopolitical risks”
BPI Securities on Thursday affirms that the economy remains fundamentally sound despite rising geopolitical tensions in the Middle East. Mark Race, its president and CEO, said that while the country faces risks from elevated oil prices due to its status as a major importer, stable inflation and improving domestic supply conditions, particularly in rice, are helping to cushion the impact.
Stocks slide as Israel-Iran conflict reignites
Wall Street wrapped up the week on a sour note as renewed tensions between Israel and Iran rattled global markets on Friday.
