The year 2020 and what it had in store surprised us all— it changed our lifestyle in ways we never anticipated. With the implementation of strict lockdowns in different parts of the world, the Philippines included, to combat the threat of Covid-19 pandemic, this caused domino effects not just in...
The Securities and Exchange Commission (SEC) has green-lighted the country’s first crowdfunding platform that will connect small, medium and emerging enterprises with banks and other lenders. A joint venture between Filinvest Development Corporation and Investree Singapore Pte. Ltd., Investree...
Domestic car manufacturers and traders slammed the decision of the Philippine government to slap a punitive safeguard duty on imported completely built up (CBU) cars and light commercial vehicles (LCVs), citing short and long-term risks to the industrial sector, price hikes, deferment of expansion...
Market Year-ender Shown at the last day of trading for 2020 are (from left): PSE Finance Division Head Roberto Jose R. Jimenez and Securities Clearing Corporation of the Philippines COO Renee D. Rubio; PSE COO Roel A. Refran and PSE President and CEO Ramon S. Monzon. One would run out of...
Vista Land & Lifescapes, Inc., one of the country’s leading integrated property developers and the largest homebuilder, is optimistic about its prospects in iews 2021 following its recent developments amid the pandemic. “While COVID-19 continues to impact our performance, both...
Year-Ender The maritime sector handles 90 percent of global trade. No wonder, hell broke loose when most international borders slammed shut in March. Port operators wrestled with congestion although the ports stayed open. “Throughout these lockdowns, all of our ports – without exception...
The International Finance Corp. (IFC) plans to issue loan financing to the country’s largest microfinance institutions to help them remain afloat and save jobs as the Philippines grapples with the economic impacts of the COVID-19 pandemic. In a statement, IFC said the World Bank Group member...
SM Prime Holdings Inc. is planning to raise up to P10 billion from the issuance of bonds representing the second tranche of its Three-year Shelf Registration Debt Securities Program (DSP) of up to P100.0 billion Philippine Rating Services Corporation (PhilRatings) said it has assigned the...
Motor vehicle sales in November suffered a 7.4 percent decline due to the consecutive typhoons that badly hit growth driver regions -- Bicol, Central Luzon and the National Capital Region. A joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck...
Century Properties Group Inc. is planning to raise up to P3 billion from a public offering of unsecured fixed-rate peso denominated retail bonds. In a disclosure to the Philippine Stock Exchange, the firm said its Board of Directors has approved the plan to offer P2 billion worth of retail...
The Department of Environment and Natural Resources (DENR) had just started its post-Typhoon Ulysses audit of all quarry and crushing plant operations in Rizal, but listed ATN Holdings Inc. (AHI) is already calling on the government to lift the suspension on the operations of its crushing plant in...
Del Monte Pacific Limited reported a turnaround in the second quarter (August to October) of its fiscal year 2021 with a net income of US$21.9 million from a net loss of US$37.35 million in the same period last year. In a disclosure to the Philippine Stock Exchange,...
