The local stock market lost ₱671.7 billion in market capitalization on Monday, March 9, as the benchmark Philippine Stock Exchange Index (PSEi) plunged to the 6,000 level after the Iran war fueled a surge in oil prices while the peso plunged to a new record low. Philippine Stock Exchange (PSE)...
Investors in the equity market are bracing for a week of high-stakes data releases, with February inflation figures and a heavy slate of United States (US) economic indicators expected to dictate the trajectory of the benchmark index. After a strong finish in February, the Philippine Stock Exchange...
The Securities and Exchange Commission (SEC) has issued the final version of its tiered minimum public ownership (MPO) requirement for initial public offerings (IPOs), a move expected to entice major corporations such as GCash and Maya to list their shares locally rather than seek overseas bourses....
Unicapital Securities Inc. has reduced its forecast for the Philippine Stock Exchange’s (PSE) benchmark index, the PSE index (PSEi), to 6,800 from its earlier target of 7,100, citing lingering challenges faced by local equities, led by the impact of a recent corruption scandal and other factors....
HOTSPOT Last week, I wrote about tourism for a good reason. I was traveling at the time. T’was my first international trip since the pandemic and I was jittery. It has been a long time, and adding extra panic is that I was with my siblings who were armed with brand-new passports and it was their...
Megawide Construction Corp. raised ₱1.1 billion from the issuance of peso-denominated fixed-rate corporate notes, tapping the debt market to refinance existing obligations and bolster its balance sheet as it pivots toward government-backed housing projects. In a disclosure to the Philippine Stock...
Century Properties Group (CPG) marked a historic day for its premiere residential destination in Central Luzon with a “Triple Wave” celebration at the Azure North Estate. The event commemorated three simultaneous development milestones, highlighting the rapid progress and evolving product...
Megawide Construction Corp. is raising ₱1.5 billion from the issuance of three-year, peso-denominated fixed-rate notes this month as it takes advantage of lower interest rates to refinance obligations. The firm informed the Philippine Stock Exchange (PSE) that the debt instrument will be enrolled...
The Securities and Exchange Commission (SEC) has revoked the corporate registrations and issued fines against two construction companies owned by the Discayas, contractors linked to a high-profile flood control corruption scandal, for submitting false beneficial ownership information. In separate...
With the whirring sounds of a liminal-style soundtrack eerily playing in the background, Jigger Cruz takes us on a brief tour of his latest exhibit, “Hail Holy Eyes” at the Metropolitan Museum of Manila in BGC. Even though the sound of an unrelated construction site goes on in the background,...
The Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) on Wednesday, Oct. 22 said a low-pressure area (LPA) spotted north of Batanes has a “high” chance of developing into a tropical depression within 24 hours. PAGASA weather specialist Loriedin de la...
The Bureau of Fire Protection (BFP) reported a fire in Sta. Cruz, Manila, on Monday night, Sept. 22. According to the BFP, the blaze that hit Eng Hong Building along San Vicente corner Tomas Pinpin Street started at 9:07 p.m. The second alarm was quickly raised at 9:09 p.m., the third alarm at...
