Philippine markets are off today for a national holiday. Investors here will play catch up on Tuesday when trading comes back on line. Expectations are investors here and overseas will remain sidelined ahead of further easing from the European Central Bank when the board meets Thursday, followed by the latest US jobs report on Friday, likely to reinforce the Fed's case for a December lift-off.
In Cebu, the biggest solar power plant worth $120 million is expected to rise in Toledo City. The renewable energy facility, all of 60 megawatts, is expected to reduce carbon emissions from fossil fuel-based power plants in the province, helping reduce the impact of climate change.