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BusinessOct 31Telangana aims to emerge as leading electronics manufacturing destination: Minister Sridhar BabuA minister from Telangana stated the region's ambition to become a top destination for electronics manufacturing. This indicates a focus on industrial growth and economic diversification in the state.The Hindu
BusinessOct 31Carrick expects to stay as Man Utd coach despite Chelsea defeatCarrick was given a stay of execution by the United hierarchy after a 3-0 home defeat to Bournemouth last weekend when many expected the axe to fall on the former England midfielder. The post Carrick expects to stay as Man Utd coach despite Chelsea defeat appeared first on Vanguard News.Vanguard Nigeria
BusinessOct 31Our energy sector is off the railsAS I indicated in my Thursday column (“An imperfect but workable alternative,” Oct. 29, 2026), I have fallen victim to the pestilence that the Department of Health is describing as a “flu-like illness,” which has, unfortunately, severely restricted my activities for a few days and given me a mild case of brain fog. Not that the latter is much of a problem in the real world; brain fog for me is still superior mental capability than about 90 percent of the people I know. But it does compromise my ability to properly assess and explain some complex subjects to some degree, particularly in times like now when the news is flying thick and fast in the energy sector. In the interest of providing useful information and actionable guidance to my audience, I am going to take my time in parsing the various issues that have appeared on the radar in the past day or two. As a teaser, these include: – A couple of ridiculous aspirations that emerged from the Singapore International Energy Week (SIEW) this past week, namely the Department of Energy’s (DOE) assertions that nuclear energy could be deployed in the Philippines by 2032, and that the country can become the “offshore wind powerhouse of Southeast Asia”; – The chaos that has erupted around the DOE’s planned capacity auction for natural gas generation, which was supposed to take place this weekend — a schedule that was highly questionable — but has apparently been put off due to disputes over the ridiculously high proposed floor price; – Disturbing developments involving the planned auction for waste-to-energy generation capacity, which, besides having an indicative price that is probably twice what it ought to be, is allegedly designed to benefit an entity connected to a DOE insider; – The resurfacing of the “China can shut down our transmission grid” shibboleth, promoted by Defense Secretary Gilbert Teodoro Jr., who, despite being an intelligent, well-educated and experienced official who should be demonstrating his superiority to that corrupt trailer-trash harpy from Davao as a potential national leader, has lately decided to run his mouth along the low road in the country’s relations with China; and – The Philippine Competition Commission’s (PCC) demonstrating once again that its existence only serves as an unnecessary bureaucratic roadblock, with its intercession in a merger/acquisition case involving Meralco Power Generation Corp. (MGEN), in which the PCC did not have an issue with the actual transaction being questioned, but got its feelings hurt because the parties involved did not honor its reporting deadlines. I will deal with all of these at, as they like to say here in the Philippines, “at the appropriate time.” For today, however, I would like to highlight a report that came across my desk earlier in the week from an organization called the We Mean Business Coalition (WMBC), which casts a rather disparaging light on the Philippines’ energy sector. Now, to be fair, this is an organization I am fairly sure no one in this country has heard about until now, and given the Philippines’ culture of having an overweening concern for one’s credentials, it might be easily dismissed. However, I believe it should be taken seriously for a couple of reasons. First of all, any outside analysis of the Philippines’ power sector, provided it is done with an acceptable level of empirical rigor, should be given some consideration. The WMBC’s Electrification Competitiveness Index covers 52 countries, and is designed in the standard way that any of us who took courses in statistics would recognize as mathematically valid. Second, the viewpoint from outside the sphere of the Philippines’ energy environment, given that most of the country’s aspirations will require some external investment at some point, should not be dismissed. To be fair to the local industry, most of the key players already understand this; it is still highly questionable whether or not the DOE itself does. Finally, the index is skewed toward social rather than commercial progress, which I believe is entirely appropriate. Just as reliable access to shelter, water, and food should be considered responsibilities of the state toward its citizens, I believe access to at least basic electricity services is no less important. To be fair to the government, the goal of “100-percent electrification” has been held onto for a long time, but it has proved elusive. That is partly the fault of the government but also an unavoidable challenge due to this country’s geography. Most domestic statistics put the level of electrification in the 94–95 percent range, but that additional 5 or 6 percent has proved to be notoriously difficult to achieve. So, how is the Philippines actually doing so far? The Electrification Competitiveness Index said: “The analysis finds that the Philippines has introduced major electricity market reforms, electric vehicle incentives and building efficiency standards. But delays in expanding electricity networks and connecting new clean power projects, limited charging infrastructure and shortages of skilled workers are holding back progress.” “The Philippines scores 43 percent for enabling conditions and 39 percent for deployment, placing it in the Index’s ‘early-stage adoption’ group alongside Indonesia and South Africa. Electricity market reforms and policies supporting electric transport and building efficiency provide a foundation for further electrification, but infrastructure constraints, uneven implementation and gaps in industrial policy are limiting progress,” it added. My concern right now is that the current leadership of the DOE and the broader economic leadership of the country are too focused on aspirational future goals, such as the oft-repeated “35 percent by 2030 and 50 percent by 2040” renewable-energy targets, and things such as the nuclear and wind power aspirations expressed by our fish-out-of-water energy secretary in recent meetings in Singapore. Just because the Philippines has achieved the statistical marker of being an “upper-middle-income country” and just because it has prospects in the areas of nuclear power, offshore wind, geothermal, and secondary generation (waste-to-energy and biomass) doesn’t mean the country is anywhere near what should be the priority goal of providing reliable electricity to every one of its citizen-households. Once that is accomplished — if it can be accomplished — then the Philippines can truly focus on upgrading the overall system to support further growth. ben.kritz@manilatimes.net Bluesky: @benkritz. bsky.social Website: www.badmannersgunclub.commanilatimes · philippines
BusinessOct 31Real estate stocks shine in October amid broader tech rout, lower long-term borrowing costsReal estate stocks performed well in October, contrasting with a general decline in tech stocks and benefiting from reduced long-term borrowing costs, signaling a shift in market investment trends.Seeking Alpha Tech
BusinessOct 31Earnings Scoreboard: 83% of reporting firms beat EPS estimates, 79% post Y/Y earnings growthA scoreboard indicates that a high percentage of reporting firms exceeded EPS estimates and showed year-over-year earnings growth. This highlights a positive trend in corporate financial performance.Seeking Alpha Tech
BusinessOct 31Nike has a new plan for retro Michael Jordan shoesNike has announced a new strategy for its retro Michael Jordan shoe line. This indicates a business decision regarding product marketing and brand management.Seeking Alpha Tech
BusinessOct 31Shares Slump but Guidance Holds: Is Baby Bunting (ASX:BBN) Oversold? - Kalkine MediaBaby Bunting shares have fallen heavily this year despite reaffirmed guidance. We look at what is weighing on the retailer.kalkinemedia · australia
BusinessOct 31Record Quarter for Civmec (ASX:CVL): Is a Re-Rating Next? - Kalkine MediaCivmec posted record first-quarter revenue and profit growth with a growing order book. Here is what it means for the small cap.kalkinemedia · australia
BusinessOct 31Guidance Cut: Can Metro Mining (ASX:MMI) Mount a Comeback? - Kalkine MediaMetro Mining cut its full-year bauxite shipment guidance after operational disruptions. Shaw and Partners sees scope for a rebound.kalkinemedia · australia
BusinessOct 31AI Wobble: Does IPD Group's (ASX:IPG) Data Centre Story Still Stack Up? - Kalkine MediaShaw and Partners named IPD Group among small caps that could rebound. We examine its data centre exposure after a turbulent month.kalkinemedia · australia
BusinessOct 31Avanti West Coast’s £70m delay repay boom shows how broken Britain’s trains areClaims for delayed trains across the rail network have jumped in recent months as the hot weather caused havoc on the tracksinews · united kingdom
BusinessOct 31Earnings Scorecard: Energy stocks wrap up strong week with near-clean sweep on resultsEnergy stocks concluded a successful week with nearly all reporting strong earnings results. This highlights a positive financial performance within the energy sector.Seeking Alpha Tech
BusinessOct 31National SARAS Mela to remain open on November 1Even though the meal came to a close on Saturday, organisers have decided to keep it open to the public for one more day; SERP Director (Livelihoods) says mela recorded sales of ₹12.11 crore over the past 19 daysThe Hindu
BusinessOct 31S&P 500 materials sector: Four companies miss EPS estimates, six fall short on revenueCompanies in the S&P 500 materials sector reported disappointing financial results, with several missing earnings per share estimates and revenue targets. This reflects a negative financial trend within this specific market sector.Seeking Alpha Tech
BusinessOct 31Car sales fall for the seventh consecutive month: what are the best-selling brands and how are Chinese ones doingCar sales have experienced a continuous decline for seven months, prompting an examination of top-selling brands and the performance of Chinese manufacturers within the market. This trend highlights ongoing challenges in the automotive industry.Clarín
BusinessOct 31Intel wins multiple upgrades on SA after earnings-led selloffIntel has received several analyst upgrades following a stock selloff that occurred after its recent earnings report. This suggests a perceived rebound or improved outlook for the company's financial performance.Seeking Alpha Tech
BusinessOct 31Earnings Scorecard: 11 of 17 real estate companies beat revenue estimates this weekA majority of real estate companies, 11 out of 17, have exceeded their revenue estimates this week, indicating a positive performance for the sector. This suggests a potentially healthy trend within the real estate market.Seeking Alpha Tech
BusinessOct 31Healthcare sector rallies in October amid rotation away from technology stocksThe healthcare sector experienced a rally in October, coinciding with a shift in investment from technology stocks. This indicates a market trend where investors are reallocating capital between different sectors.Seeking Alpha Tech
BusinessOct 31Insider trades: Goldman Sachs, P&G, Texas Instruments among major namesMajor companies including Goldman Sachs, P&G, and Texas Instruments are mentioned in reports of insider trades. This highlights financial activities by individuals with privileged access to company information.Seeking Alpha Tech
BusinessOct 31Earnings scorecard: 21 out of 22 technology companies beat EPS estimates this weekThis report indicates that a significant majority of technology companies surpassed their earnings per share estimates this week. This suggests strong financial performance within the tech sector during the period.Seeking Alpha Tech
BusinessOct 31Mexico challenges Panama Canal with railway over Mexico's narrowest sectionIn Mexico is een nieuwe handelsroute over land bijna af. Een spoorlijn in het zuiden van het land moet als alternatief dienen voor het Panamakanaal, de populairste handelsroute door Latijns-Amerika. Als een enorme bruine slang staat een trein in het zuiden van Mexico langs een kade, terwijl een krachtige zeewind vanaf de Stille Oceaan onafgebroken tegen de coupés beukt. Op de achtergrond wordt een enorme hangar uit de grond gestampt. Naast de trein staan machines, bestuurd door mannen met witte helmen en oranje vesten, die beton over een grote zanderige vlakte gieten. Vandaag rijdt de trein niNOS Buitenland
BusinessOct 31Exclusive discounts from CBS Mornings DealsOn this edition of CBS Deals, we show you items that could help improve your everyday lifestyle. Visit cbsdeals.com to take advantage of these exclusive deals today. CBS earns commissions on purchases made through cbsdeals.com.CBS News
BusinessOct 31How to get less trick, more treat with your wallet on HalloweenWith Halloween pricing up, Ash-har Quraishi shares tips to save.CBS News
BusinessOct 31Healthcare Earnings Scoreboard: 96% beat EPS estimates, 70% post Y/Y earnings growthA scoreboard indicates that a high percentage of healthcare companies have exceeded earnings per share estimates, with many also showing year-over-year earnings growth. This reflects current financial trends in the healthcare sector.Seeking Alpha Tech
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