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MANILA, May 10 (Xinhua) -- The Philippine stock market opened the week with
so much optimism, a day after the entire country trooped the polling booths to
elect the country's next set of leaders.


The bellwether Philippine Stock Exchange index jumped by 2.62 percent or
183.01 points to 7,174.88, while the broader all-share index added by 2.62
percent or 109.18 points to 4,272.24.


Trading volume reached 1.08 billion shares worth 8.79 billion Philippine
pesos (186.04 million U.S. dollars) with 133 stocks advancing, 50 declining, and
47 were unchanged.


All six counters were up, led by the property sector.


"After nearly two weeks of being enveloped by the election fever, the
emerging results should remove one uncertainty that has been shadowing
sentiments," analyst Justino Calaycay of A&A Securities, Inc. said in his
daily stock market comment.


Unofficial results showed Davao Mayor Rodrigo Duterte leading the
presidential race.


"Whether Mr. Duterte will enjoy the traditional 'honeymoon' period remains to
be seen. But history is filled with evidence there will be," Calaycay said.


Stocks in the 30-company index all finished in the green. These include SM
Prime Holdings, Inc., Ayala Land, Inc., and Globe Telecom, Inc.

"

London - Eight men own the same wealth as half
the world's population Edmonton
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 , a level of inequality which ""threatens
to pull our societies apart"", Oxfam said on Monday ahead of the World Economic
Forum opening in Davos.


The wealth of the world's poorest 3.6 billion people
is the equivalent to the combined net worth of six American
businessmen Detroit
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 , one from Spain and another from
Mexico.


Picked from Forbes' billionaires list, they include
Microsoft founder Bill Gates Dallas
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 , Mark Zuckerberg who co-founded Facebook,
and Jeff Bezos Columbus
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 , founder of Amazon.


Oxfam pointed to a link between the vast gap between
rich and poor and growing discontent with mainstream politics around the world.


""From Brexit to the success of Donald Trump's
presidential campaign, a worrying rise in racism and the widespread
disillusionment with mainstream politics Colorado
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 , there are increasing signs that more
and more people in rich countries are no longer willing to tolerate the status
quo,"" Oxfam said in its new report Chicago
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 , ""An economy for the 99 percent"".


The charity said new data on wealth distribution from
countries such as India and China had prompted it to revise its own calculation,
having said a year ago the wealth of half the world's population was in the
hands of 62 people.


Inequality will be among the issues topping the
agenda as the world's political and business elite meet in Davos from Tuesday
until Friday Carolina
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 , when 3,000 people will gather for the
annual meeting of the World Economic Forum.


""Responsive and responsible leadership"" has been
chosen as the theme of the summit Calgary
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 , which organisers said was a response to a
""backlash against globalisation leading to two surprising vote results and a
rise in populism in the West"".


In its report Oxfam called for an increase in tax
rates targeting ""rich individuals and cooperations"", as well as a global
agreement to end competition between countries to lower corporate tax rates.


The charity also decried lobbying by corporations and
the closeness of business and politics Buffalo
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 , calling for mandatory public lobby
registries and stronger rules on conflicts of interest.

" This article gives a brief review of four cars that came onto the Indian
roads very lately. Read through for a hint about the cars and their
performance.

Ford Figo:

Based on the Ford Global B platform, the
Figo is capable of assassinating all other cars in the hatchback segment. It is
considered as the cool car though. It is as good as or better than other cars in
the small car segment. With its sleek and chic appearance Boston
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 , the Figo can attract anybody. The
four-metre long car ensures an imposing look. The Figo offers matchless ride
quality. The car does not mind the speed breakers on the Indian road and doesn?t
let you moan in pain while jumping over the humps. The technology of the Figo is
similar to that in Ford Fiesta. The car comes in a total of 8 petrol and diesel
variants. The fuel economy is quite good. The 1.2L Dura Tec petrol engine gives
10.9 and 15.4 kmpl on city and highway respectively. The 1.4L Dura Torq diesel
engine delivers 14.118.5 on city and highway. The engine is mated with a 5-speed
manual transmission.

Volkswagen Polo:

The Polo was the European
Car of the Year in 2009. It has been designed specifically for the Indians
keeping the Indian roads in mind. The car is available in both diesel and petrol
variants and is present in a range of 6 colours. The petrol variant can
accelerate from 0 to 100 kmhr in 14.2 seconds and the diesel variant can
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