Bilyonaryo - Business

No fundamentals: Romualdez, Araneta stocks tank on Bongbong’s inauguration

June 30, 2022

Bilyonaryo.com

The big winners in President Bongbong Marcos’ landslide victory are the biggest losers on his inauguration day.

The stocks owned by Marcos’ brother-in-law and bilyonaryo Greggy Araneta – Philweb (WEB) and Araneta Properties (ARA) – were one and two on the losers’ list in June 30.

WEB shed 11.5 percent to P4.85 on P119.8 million in total trades. ARA lost 10.8 percent to P1.73 on P11.14 million in trade.

Araneta’s chips, however, are still up 56 percent (WEB) and 33 percent (ARA) from their pre-election day price.

Companies owned by Marcos, first cousin, incoming Speaker and bilyonaryo Martin Romualdez were also in the red on the President’s first day in office.

Romualdez’s thinly-trade holding firm Bright Kindle Resources (BKR) fell 10.55 percent to P1.95 while his media company, Prime Media Holdings (PRIM), slipped 9.35 percent to P2.81.

PRIM, however, is still 95 percent up from its pre-election price.

Related News Tags: Bongbong Marcos, Bright Kindle Resources, Greggy Araneta, Martin Romualdez

Paterno family’s 7-Eleven bounces back big time with profit topping pre-pandemic levels

The Philippine licensee of 7-Eleven stores swung into the black in the six months through June with net income surpassing pre-Covid levels on robust sales helped by improved mobility and elected-related spending.

Trump declines to answer questions in New York civil probe

Donald Trump on Wednesday declined to answer questions under oath about alleged fraud at his family business, as legal pressures pile up for the former president whose house was raided by the FBI just two days ago.

Acting solo: Vic Rodriguez behind sugar importation plan sans Marcos’ approval – Palace

The hullabaloo over an unauthorized order to import 300,000 metric tons of sugar seems to have stemmed from a verbal order given by Executive Secretary Vic Rodriguez that was contrary to President Ferdinand Marcos Jr.’s plan.

Bringing ‘hilot’ to the world

Going on a wellness retreat has been a yearly tradition for Nepal’s lone billionaire, Binod Chaudhary. Fifteen years ago, the pursuit for health brought the adventure-seeking Binod to the Philippines. He booked a detox program at The Farm at San Benito, a world-class wellness resort in Lipa, Batangas.

Sy-blings, Dennis Anthony Uy, Gokongweis, Ayalas, Vivian Que: These ultra bilyonaryos’ fortunes tanked $7.2B

The combined net worth of the 50 super-rich Filipinos took a massive hit from last year due to a stock market slump and a wobbly.

Paterno family’s 7-Eleven bounces back big time with profit topping pre-pandemic levels

Trump declines to answer questions in New York civil probe

Acting solo: Vic Rodriguez behind sugar importation plan sans Marcos’ approval – Palace

Bringing ‘hilot’ to the world

Sy-blings, Dennis Anthony Uy, Gokongweis, Ayalas, Vivian Que: These ultra bilyonaryos’ fortunes tanked $7.2B

Gokongwei holding firm still in the red even as revenues near pre-pandemic levels

Manny Villar, Sid Consunji, Yosi Tanco, Ramon Ang, Carlos Chan crank up their fortunes despite plunging stocks, peso

Jollibee delivers blowout Q2 as profit soars to record high

Hands off! Think tank says ABS-CBN’s alliance with TV5 does not require Congressional approval

Recommended from

→ Abogado
‘Arrogance of power:’ Enrile fumes upon seeing Mike Defensor joining MMDA presser

→ Abogado
Heads will roll: Malacañang probes sneaky attempt to approve sugar imports

→ Politiko
Audrey Zubiri leads Senate spouses foundation

→ Politiko
GMA on Lydia de Vega’s demise: ‘She put Philippine sports on the world map’

→ Abogado
Walden Bello’s camp to seek transfer of cyber libel case out of Davao

Latest from Bilyonaryo

Back on solid footing: Globe returns to pre-Covid revenue levels, profit surges by more than half

Globe Telecom’s profit grew 51 percent in the six months through June as revenues climbed to pre-pandemic levels on strong gains from data-related products and services with sustained internet use and improved mobility.

Meralco-Stonepeak JV enters digital infrastructure space; buys 2,180 cell towers from Globe

MIESCOR Infrastructure Development Corp. (MIDC), a joint venture between Manila Electric Co. subsidiary MIESCOR and leading global infrastructure investor Stonepeak, announced on Friday it was acquiring 2,180 towers and related passive telecom infrastructure from Globe for P26.2 billion.

MPIC CFO Joins WBA Allies’ Assembly 2022

Metro Pacific Investments Corporation (MPIC), the country’s leading infrastructure investments company, represented by its Chief Finance, Risk, and Sustainability Officer Chaye A. Cabal-Revilla, joined the World Benchmarking Alliance’s (WBA) Allies’ Assembly 2022 as a speaker and panelist in Cape Town, South Africa.

Robinsons Land’s Montclair Destination Estate is a Green, Future-ready Development

Imagine a green oasis rising from the sandy environment of Porac, Pampanga. Robinsons Land sets its sights on developing this 216-hectare property into a sustainable development called the Montclair Destination Estate.

Balai Palma’s appetizers is reason enough to secure a booking

Balai Palma, an artisan restaurant and kitchen for private dining spearheaded by du Gault et Millau-awarded chef Aaron Isip, is making its way to the hearts of food lovers in Makati’s Poblacion area.

Back on solid footing: Globe returns to pre-Covid revenue levels, profit surges by more than half

Meralco-Stonepeak JV enters digital infrastructure space; buys 2,180 cell towers from Globe

MPIC CFO Joins WBA Allies’ Assembly 2022

Robinsons Land’s Montclair Destination Estate is a Green, Future-ready Development

Balai Palma’s appetizers is reason enough to secure a booking

Power

US gas prices fall below $4 for first time since March

It’s not too late for a road trip: The US average price of gasoline at the pump has finally fallen below $4.00 a gallon, providing a bit of relief for Americans struck by massive inflation at almost every turn.

Money

US inflation eases in July amid falling oil prices

US inflation eased slightly in July, according to official data Wednesday, potentially taking pressure off the Federal Reserve to hike interest rates sharply while bringing a much-needed boost to President Joe Biden just months before crucial midterm elections.

Business

Trump declines to answer questions in New York civil probe

Property

‘Hopeless’: Chinese homebuyers run out of patience with developers

Newly married and with his first child on the way, auto worker Wang wanted to move into the apartment he bought in Wuhan three years ago but those hopes were dashed by China’s ballooning property crisis.