Monday, 14 September 2026 · Daily Market Intel

Market Intel Mon, 14 Sept

Cebu ferry chief who wants more ships asks the public for US$12M.

Small-cap listings · weekly diesel · tax years

Someone's payday
- Can a nine-ship Cebu ferry line grow on public money? Aznar Shipping asks for US$12M — Philstar
  
  Aznar Shipping, led by president and CEO Kyle Alexander Aznar, filed to sell up to 1.1 billion shares at US$0.011 each, raising up to US$12M. It runs nine vessels calling at eight Visayas ports and targets a December 18 listing.
  
  Positive-sum angle: A ferry line funded by public shareholders spreads its upside to the islands it serves. Ports, cargo shippers and island resorts gain sailings, and the Philippine Stock Exchange's small, medium and emerging board gains a listing a Cebu commuter can picture.
  
  What's the impact: Visayas logistics and tourism founders should plan for more sailings: the region carried 60% of Philippine passenger traffic and 35% of cargo from 2022 to 2025. Family-run operators with steady routes can treat the SME board as a fleet loan.
Your costs
- Can a Manila delivery fleet absorb another diesel hike? Tuesday adds at least US$0.03 a litre — Philstar
  
  Energy Department fuel director Rino Abad expects diesel and kerosene to rise at least US$0.03 a litre on September 15, after last week's US$0.08. Premium diesel already sells above US$1.60 at some Metro Manila stations.
  
  Positive-sum angle: Two shipping chokepoints, Hormuz and Bab el-Mandeb, now set the price of a Manila delivery run. Operators who publish a fuel-indexed rate card keep customers who can check the sum, and the shippers paying them can budget against one weekly number.
  
  What's the impact: Metro Manila and Cebu logistics operators should move client contracts to a weekly fuel index this week. A route priced for a quarter absorbs every weekly move, and last week's alone was US$0.08 (P5.18) a litre.
The tool
- Three more tax-free years for listing: should a Thai tech startup go public early? — TNGlobal
  
  Thailand's Board of Investment will give SET-certified New Economy companies that list on SET, MAI or LiVEx up to three extra years of corporate income-tax exemption, or a 50% rate cut for five years. No effective date is set.
  
  Positive-sum angle: A tax break tied to listing moves private founders toward public disclosure, which lowers the price of capital for the next company. Brokers, auditors and Thai retail savers gain a deeper pipeline of small listings.
  
  What's the impact: Thai tech founders two to three years from profit should map their BOI promotion and LiVEx eligibility now, while the rules are still being written. A listing-readiness package for a 20-person startup, audit plus disclosure templates, is the service worth scoping this quarter.

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