The Philippine Stock Exchange (PSE) reported an 11.6 percent improvement in net income for the first half of 2023 to P417.51 million compared to the same period last year on higher investment income. In a statement, the bourse said its operating revenues were lower by 12.9 percent to P740.09...
The Philippine Stock Exchange, Inc. (PSE) is holding Investment Expo 2023, an online conference aimed to educate retail investors and the general public on stock investing and legitimate financial instruments, from March 9 to 11, 2023. "The success of the maiden Investment Expo last year is proof...
Despite the reopening of the Philippine economy and the resulting recovery of businesses, the year 2022 has not been kind to the local stock market. Earlier gains made on the back of the country’s improving Covid-19 situation as well as the traditional post-election rally eventually dissipated...
While various big business groups have aired their opposition to the government’s plan to establish a sovereign wealth fund (SWF) called the Maharlika Investment Fund (MIF), the Philippine Stock Exchange came out to voice its support for the proposal. In a short statement, PSE President Ramon S....
D&L Industries Inc., the country’s largest green chemicals and food ingredients producer, is expected to exceed this year’s record performance in 2023 as the economy continues to reopen while domestic and export sales will get a boost from the opening of its Batangas plant. In an informal...
The Philippine Stock Exchange, Inc. (PSE) has approved the P3.22 billion initial public offering (IPO) application of Premiere Island Power REIT Corporation, the power and infrastructure real estate investment trust of the Villars’ Prime Asset Ventures, Inc. Premiere REIT is a REIT sponsored by...
The Philippine Stock Exchange is hoping to help companies raise up to P200 billion in fresh capital this year as it expects a record number of initial public offerings this year. In a press briefing after the bourse’s annual stockholders’ meeting, PSE President Ramon S. Monzon said they have so...
Semirara Mining and Power Corporation (SCC) is returning to the 30-company PSE index (PSEi), replacing Security Bank Corporation (SECB), effective Monday, August 8, 2022. In a statement, the Philippine Stock Exchange said Semirara was qualified to be a member of the PSEi based on the results of the...
The Philippine Stock Exchange is looking forward to a record number of initial public offerings in 2022 after chalking up eight maiden offerings in the first six months of the year. In a statement, the bourse said the eight IPOs in the first semester already matches the same number of offerings for...
The closing bell rang for the last time at the Philippine Stock Exchange, marking the permanent closing of its trading floor last June 24. Trading participants (TP) that leased trading floor booths at the PSE Tower attended the event to witness the final day that trades were executed at the trading...
VistaREIT Inc. (VREIT), the commercial real estate investment trust of integrated property developer Vista Land & Lifescapes Inc., has successfully listed its shares on the Philippine Stock Exchange. The firm’s share price closed at its initial public offering price of P1.75 per share despite...
The Philippine Stock Exchange’s plan to shut down its unified trading floor, just after a few years in operation, signals the end of an era for the institution that has been steeped in its traditions. In a memorandum to all trading participants, PSE President Ramon S. Monzon said “the Exchange,...
