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PH financial markets closed

Philippines Stocks Exchange. AP FILE PHOTO

Financial markets in the Philippines are closed on Wednesday for a public holiday.

Posted: April 9th, 2014 in Latest Business Stories | Read More »

PSE move vs Alphaland deemed grossly unfair

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The decision of the Philippine Stock Exchange to initiate the delisting process on Alphaland Corp. is “grossly unfair,” said the legal counsel of businessman Roberto V. Ongpin, head of the property development firm. In a statement, Alphaland corporate secretary Rodolfo Ponferrada said the company intended to appeal the PSE’s decision.

Posted: March 14th, 2014 in Headlines | Read More »

Local stock index falters anew

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AFP FILE PHOTO

The local stock index slipped for a second straight session on Tuesday as investors continued to pocket gains after the market’s strong run-up.

Posted: March 4th, 2014 in Latest Business Stories | Read More »

Cosco buys Cabanatuan’s largest mall

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From http://www.coscocapital.com/

Cosco Capital Inc. is continuing to expand into other retailing formats outside of flagship Puregold Price Club Inc. with a deal to acquire the largest mall in Cabanatuan, Nueva Ecija.

Posted: March 3rd, 2014 in Latest Business Stories | Read More »

BDO buys Deutsche Bank’s trust business

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FILE PHOTO

Banco de Oro Unibank has signed a deal to acquire the Philippine trust business of Deutsche Bank AG, expanding its assets under management by over P70 billion.

Posted: February 24th, 2014 in Latest Business Stories | Read More »

Bloomberry raises P11.4B for Solaire expansion

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Screengrab from http://www.bloomberry.ph/

Bloomberry Resorts Corp. has raised P11.425 billion through a private debt deal for the expansion of Solaire Resort and Casino, the first integrated gaming and entertainment hub to have opened in Pagcor Entertainment City.

Posted: February 10th, 2014 in Latest Business Stories | Read More »

Stocks continue to rise

The local stock barometer climbed for an eighth straight session yesterday, defying mostly sluggish trading in the region, on upbeat prospects for the Philippine economy and corporate earnings.

Posted: January 24th, 2014 in Editor's Pick,Headlines | Read More »

ICTSI in joint venture to develop African port

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International Container Terminal Services Inc. (ICTSI) has established a partnership for the development and management of a river port and container terminal in the Republic of Congo in Central Africa.

Posted: January 24th, 2014 in Headlines | Read More »

Biz Buzz

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Beefing up CMIC Corporate regulators are in talks to beef up the Capital Market Integrity Corp. (CMIC), the market regulation unit of the Philippine Stock Exchange. CMIC is now headed by Cornelio Hizon, a lawyer and a former Finance undersecretary when Jose Isidro Camacho was the country’s Finance chief. Hizon is a tax expert and [...]

Posted: December 29th, 2013 in Headlines | Read More »

PSE, insurance firms in talks to launch SBL

The Philippine Stock Exchange is working with the insurance industry to supply the stocks needed to fuel securities borrowing and lending (SBL), a capital market activity common in global markets that helps boost trading liquidity.

Posted: December 27th, 2013 in Headlines | Read More »

On its anniversary, PSE gets new trading board

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The Philippine Stock Exchange marked its 10th year as a publicly listed company yesterday with the unveiling of its sleek new electronic trading board.

Posted: December 27th, 2013 in Headlines | Read More »

SMC pursues sale in 2014 of power unit stake for $1B

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Conglomerate San Miguel Corp. will pursue the sale of 49 percent of its power generation unit for as much as $1 billion, through an initial public offering next year.

Posted: December 27th, 2013 in Headlines | Read More »

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