Doubts may roil markets: volatility is expected ahead of May 11 elections

Article Abstract:

The Philippine financial markets are expected to be very volatile during the May 11 elections as banks become conservative in their financial activities. As early as a week before the elections, the Philippine peso plunged to the $1:PP40 level while the stock market's 2.2% gain was achieved with low trading volume. Many banks are hoarding their dollar holdings which is being countered by the central bank by increasing overnight borrowing rates and rates for maturities. Many speculate that the Philippine peso may still slide to the PP41 to PP43 level if the elections prove to be full of trouble.

Legislative Bodies, Finance, Economic aspects, Elections, Economic development

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With bottling deal, Coca-Cola sees a new era in Asia

Article Abstract:

Australia's Coca-Cola Amatil Ltd. is planning to merge with the Philippines' San Miguel Corp. to create the biggest Coca-Cola bottler outside the US. The deal, valued at $2.67 bil, is expected to transfer 293 mil new Coca-Cola Amatil common shares to the San Miguel 70%-owned Coca-Cola Bottlers Philippines.

Soft Drink Manufacturing, Bottled and canned soft drinks, Bottled Soft Drinks, Soft drinks, Mergers, acquisitions and divestments, San Miguel Corp., Coca-Cola Amatil Ltd., Bottling industry

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