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
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
- 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