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2016-06-07T00:00:00.000Z

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Wrong Astro del Castillo?

Mr. Astro C. del Castillo

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Background Information

Employment History

Managing Director

First Grade Finance Ltd

Web References (54 Total References)


"Definitely these laws will help but ...

infrastructure21.com [cached]

"Definitely these laws will help but political will is really the clincher," said Astro Del Castillo, managing director at First Grade Finance Inc. in Manila.


MicroSourcing.com News Feed

www.microsourcing.com [cached]

On the other hand, All-Shares index dropped 49.51 points or 1.13 percent to 4,347.86.

According to Astro del Castillo, Managing Director of First Grade Finance Inc., trading was slightly affected by the slow first quarter GDP, and was worried over a potential cut in projections for the Philippine economy this year.

During the first quarter, GDP is up by 5.2 percent, which is far from the six-percent growth pegged by economists and a 7.3-percent projection by the IMF.
Growth momentum also slowed down from the already updated 6.6-percent growth in the preceding quarter, and the 5.6-percent growth posted during the same period last year.

Del Castillo added that investors were concerned over the non-stop downgrades for the country’s GDP by select institutions, particularly the IMF.

Following the “significant negative surprise in the first-quarter” figures, the IMF is set to reevaluate its 2015 projections for the Philippines for the next World Economic Outlook (WEO) forecast.

According to Metrobank Research, the country’s GDP could further weaken as El Nin~o continues to pose a threat to the agricultural output of the country, which could then affect consumer prices in this year’s remaining six months.


Source:
http://www.manilatimes.net/


"It's not even enough to feed ...

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"It's not even enough to feed the (stock market) bull to run," says Astro Del Castillo, the managing director of First Grade Holding fund management. "I didn't hear anything about the economy especially given that we're facing a potential global financial crisis triggered by the so-called debt crisis in America," he claims.


According to the Managing Director of ...

www.investinphils.com [cached]

According to the Managing Director of First Grade Finance Inc., Astro C. del Castillo, they took leads from foreign markets and that there were also less jitters in Korea and Cyprus. He added that some investors gathered up bargains and are already positioning ahead of the earnings season late in April and May.

On Tuesday, Wall St. closed at record highs amid encouraging reports on automotive sales and factory orders in the US. The Dow Jones industrial average inched up 0.6 percent or 89.16 points to 14, 662.01, while the Standard & Poor's 500 index gained 0.5 percent or 8.08 points to 1, 570.25. Del Castillo said that the added percent in the Philippine Stock Exchange index were affected by the optimism in Wall St. All counters were in the green for the first time this week, paced by property firms that rose 1.60 percent or 44.38 points to 2, 810.76.
The main stock index has finally snapped its two-day losing skid and return to the 6, 800 level yesterday. The Philippine Stock Exchange index added 0.99 percent or 66.87 points to close at 6, 815.30, while the broader All Shares index gained 0.90 percent or 37.57 points to 4, 233.33. According to the Managing Director of First Grade Finance Inc., Astro C. del Castillo, they took leads from foreign markets and that there were also less jitters in Korea and Cyprus. He added that some investors gathered up bargains and are already positioning ahead of the earnings season late in April and May.
On Tuesday, Wall St. closed at record highs amid encouraging reports on automotive sales and factory orders in the US. The Dow Jones industrial average inched up 0.6 percent or 89.16 points to 14, 662.01, while the Standard & Poor's 500 index gained 0.5 percent or 8.08 points to 1, 570.25. Del Castillo said that the added percent in the Philippine Stock Exchange index were affected by the optimism in Wall St. All counters were in the green for the first time this week, paced by property firms that rose 1.60 percent or 44.38 points to 2, 810.76.


Fil-Estate Land

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"Definitely that is a good move because tourism is one of the primary industries that this government is pushing," Astro C. del Castillo, managing director of brokerage firm First Grade Holdings, Inc., said in a phone interview yesterday.

"It will fast-track the expansion [of Alliance Global's tourism business] by adding more land bank in its property holdings ... it also has the financial capability to put up more hotels and resorts," Mr. del Castillo added.

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