I am really amused by the marketing slogans of Cebu Pacific. Every time they launch a new promo or seat sale that is, they never failed to come up with catchy names that really attracts attention from it’s avid customers.
As the country celebrates Labor Day today, Philippines’ largest budget airline introduces their newest seat sale dubbed as “May Juan is Labor Day”.
It seemed there’s no stopping the optimism in the local stock market. Just last Friday after it closed to a another all time high at 6,957.10, I said it will not be impossible for the market to bridge the 7K mark, but I didn’t expect it to be the immediate trading day and that is today.
The PSE’s main index PSEi closed today at 7,120.48 up by 2.35% or 163.38 points. Top gainer in today’s trading was Phinma Corp at 6,866,554 while top loser was Highlands Prime Inc. after going down -11.35% at 20,410.
After getting an investment rating upgrade it seemed that the Philippine economy is really into the vibrant stage. With great anticipation to good market result brought by the upgrade investors plunge into local stocks to buoyed the Philippine Stock Market into its new all time high.
The PSE’s main index PSEi close today at 6,957.10 the first time in its history to close at the 6,900 level and is only 47 point shy to close the 7,000 mark. PSEi jumped today by 1.45% or 99.62 points from its yesterdays close of 6,857.48.
Market’s gainers is led today by Mabuhay Vinyl Corp. adding 15.59% to close at the value of 1,294.44 while losers were led by Euro Med Laboratories which goes down -9.52% at 11,400.
In continuing the government’s efforts for transparency, the Bureau of Internal Revenue released its list of top individual tax payers for the year 2011. The list shows the names and the amount of taxes they paid which can also indicate their earnings for the said year. Topping the list of 2011′s individual taxpayers is TV host/actress and presidential sister Kris Aquino. BIR reported her income tax at Php 49,871,657.37 beating the country’s top businessmen and magnates. Following Aquino is Sunpower Philippines’ Gregory Reichow who paid an income tax of Php 34,257,368.88. And completing the top 3 is the son of former DFA official, Lauro Baja Jr. with an income tax amounting to Php34,257,368.88.
The Philippine Stocks exchange is upbeat again as it closes on a high note today setting another all time record high. With several trips to the red zone last week, PSE bounced back to end this week strong on its 25th record high this year.
PSE’s main index closed today 9 points short from the 6,900 mark at 6,891.43. This close today is up by 0.87% or 59.69 points from yesterday’s close. Almost all indices are also on the green zone at its closed today except Industrial index which goes down by 0.12% or 12.68 points at 10,434.86.
Services index got the most increase of 1.23% to close today at 2,011.03. It is followed by Holding firms which closed at 6,164.67 adding 68.96 points or 1.13% from its previous close yesterday. The broader All Shares index is also in the green zone at 4,299.20 up by 0.67. Financials index is up by 0.97% or 16.98 points at 1,765.54. Property and Mining and Oil indices were the least gainers at 2,821.64 and 21,594.01 both up by 0.42% and 0.40% respectively.
Most active in today’s trading is SM Investments Corporation which is up by 1.43% at 1,135. Top advancers overpowered decliners at 99 to 54 with 48 unchanged. Top advancers is led by Federal Resources Investment Group which is up by 13.20% while top decliner goes to Central Azucarera de Tarlac down by -10.34%.
Total value traded was 7,590,290,394 with the total number of trades at 26,588 and a volume of 4,586,314,127.
After going down for several consecutive days, the Philippine Stock Market is now moving up again and is now back to the 6,500 level.
Yesterday, PSE index closed at 6,472.98 up by 53.36 points from its lowest close (since Feb 11, 2013) of 6,419.62 last March 20, 2013. Today, the PSE main index closed higher again at 6,518.71 up by 0.71% or 45.73 points. It’s intra- day high reaches 6,551.06 at about 1:39PM. All other indices are in the green zone except the Industrial index which closed at 9,866.40, down by 0.12% or 12.15 points.
The broader All Shares index is up by 0.56% or 22.77 points at 4,099.26, Financials which is the biggest gainer is up by 1.38% or 23.63 points at 1,729.86, Holding firms added 0.69% or 38.89 points to close at 5,702.38, Services is also up at 1,918.93 adding 7.95 points, Mining and Oils the 2nd biggest gainer today closed at 21,491.46 up by 1.01% or 213.97 and the Property index, up by 0.685 or 17.83 points at 2,653.34.
After soaring high this past 2 months of the year, the Philippine Stocks Exchange continues to go down in the past 8 consecutive days of trading. PSE index closed today at 6,419.62 down by 6.63 points or 0.10%. This is the lowest close by the PSE index since February 7, 2013. The index has lost 414.15 points since March 8, 2013 where it closed at 6,813.95.
Market analysts says the down trend is natural since the stock market soared so high and so fast in the past months. Plus other factors from other stock markets in the region and in Europe and Americas.
Summer is officially on as the Philippines’ largest budget carrier Cebu Pacific opens its “March Awaited” seat sale.
At exactly 12midnight today (Thursday, March 7, 2013), Cebu Pacific Air launches its newest Piso Fare for all of its Domestic and International (both short haul and long haul Dubai) destinations. All of their flights are tagged at 1Php base fare but with additional fees and taxes depending of destination. Travel periods are slated on November 1 – December 12, 2013 and January 13 – March 31, 2014 for all domestic and short haul international flights, and December 1, 2013 – May 31, 2014 for the Manila-Dubai flight.
Domestic fares are inclusive of the 1Php one-way LiteFare, 100Php admin fee, 12% VAT, aviation security fee, 200Php Terminal Fee for flights exiting from or transiting in Manila/Cebu and 7kg hand-carry baggage allowance but are exclusive of fuel surcharge ranging from Php 200 – Php 450 and check-in baggage. While international flights are inclusive only of 1Php one-way LiteFare, Php 100 admin fee and 7kg hand-carry baggage allowance and exclusive of the terminal fees ranging from Php 450 – Php 550, fuel surcharge ranging from Php 410 – Php 4,510, Php 1,620 PH Travel Tax and Country Specific Taxes ranging from Php 403 – Php 1,254.
The seat sale will be on starting today until March 8, 2013 or until there are available seats.
So to those budget conscious but are travel savvy, this is a great news because you can now enjoy summer adventure without having to sacrifice your precious earnings.
