Railway projects on track, major airport works to proceed — DoTr

THE Department of Transportation (DoTr) said its ongoing railway projects are still on track despite the disruptions from the enhanced community quarantine (ECQ).

The department also said the major airport projects such as Ninoy Aquino International Airport (NAIA) Rehabilitation and Bulacan Airport projects will push through as soon as the COVID-19 situation softens.

In a virtual news conference Thursday, Philippine National Railways General-Manager Junn B. Magno reported that the implementation of the Metro Manila Subway Project resumed two weeks ago, and described the delay as “minimal.” Read More (for Finwaze this is a great re-boot for the Philippines economy)

TECHNICAL CHART PSEI

Technically the chart looks good; globally the market is getting its bash; we trade cautiously still

Dow falls more than 600 points Friday afternoon amid signs of China-U.S. tension and hazy outlooks from Amazon and Apple 

U.S. stock benchmarks on Friday were trading sharply lower to start the first day of trading in May as uncertainty from the outlooks from Amazon.com Inc. AMZN, -7.59% and Apple Inc. AAPL, -1.61%eroded some of the optimism that helped the Dow and S&P ring up their best April gains in 82 years. The Dow Jones Industrial Average DJIA, -2.55% was off 630 points, or 2.6%, at 23,720; the S&P 500 index SPX, -2.80% fell 89 points, or 3%, at 2,824, while the technology-laden Nasdaq Composite Index COMP, -3.20% declined 3.5% at 8,577. Late Thursday, Amazon said coronavirus-related costs such as employee testing and higher wages added to expenses and would likely in the future.  Read more (Overhaul is taking place now – and the worst is not over yet)

OUR CHOICE FOR THIS WEEK – ACEPH, ALI & JFC

KEY TAKEAWAYS

  • Stay diversified at all times
  • Don’t spread your wings too much
  • Stick 6-8 Stocks (Valued Stocks) and stay invested
  • Stay away from noises and focus on the reality of the market
  • Wait for opportunities and never gamble
  • With proper research & analysis is gambling – REMEMBER THAT AT ALL TIMES

FINWAZE TEAM

0 Comments

Leave a reply

Your email address will not be published. Required fields are marked *

*

CONTACT US

We're not around right now. But you can send us an email and we'll get back to you, asap.

Sending

FINWAZE makes no representations or warranties, express or implied, in relation to this website (www.finwaze.com) or the information and materials provided on this website. It does not also warrants that this website will be constantly available or available at all times. The information on this website is complete, true, accurate or non-misleading. Nothing on this website constitutes, or is meant to constitute, advice of any kind. FINWAZE shall not be liable for any damage or injury, whether direct or indirect, that it may cause in relation to the contents of, or use of, or otherwise in connection with this website. By using this website, you agree to the reasonableness of the limitations of liabilities herein set out and further agree to assume whatever risk, loss, damage or injury in may cause in connection to the use of this website. No claims shall be brought personally against the officers and employees of FINWAZE, in connection with the use of this website. The user of this website agree to the limitations of warranties and liabilities herein set out to protect the officers, employees, agents, subsidiaries, successors, assigns and sub-contractors as well as FINWAZE. Any unenforceable provisions that may be found on this website under applicable law shall not affect the enforceability of the other provisions.

Legal Documents  |  ©2020 Finwaze Philippines

Pin It on Pinterest

Share This

Log in with your credentials

Forgot your details?