Globe Telecom is asking the Philippine Stock Exchange to suspend the trading of its Series A Non-Voting Perpetual Preferred Shares (GLOPP) as these will be redeemed on August 22, 2021. 092716_globe In its request for voluntary trading suspension, Globe said the shares shall be redeemed at the...
The Securities and Exchange Commission (SEC) has conditionally approved the planned P44.07 billion initial public offering (IPO) of Del Monte Philippines, Inc. (DMPI). The Commission En Banc resolved to render effective the registration statement of DMPI covering 2.8 billion common shares to be...
The local stock market fell as investors continued selling after news of the presence of local cases of the COVID-19 Delta variant. The main index dropped 106.63 points or 1.59 percent to close at 6,587.20 as the Property sector led in the retreat across the board. Volume improved to 2.11 billion...
The local stock market dropped on late selling on news of the local transmission of COVID-19 Delta variant towards the end of the session. The main index shed 34.10 points or 0.51 percent to close at 6,693.83 as the Mining and Oil counter plunged while the Services sector was the only index to hold...
The local stock market fell again after a brief respite the previous trading day. The PSEi dropped 107.48 points or 1.57 percent to close at 6,727.93 as Holding Firm led the retreat while Mining and Oil was the only sector that managed to advance. Volume remained low at 982.45 million shares worth...
The Keepers Holdings, Inc., the liquor importation and distribution firm of Lucio Co and formerly Da Vinci Capital Holdings, Inc., is planning to raise up to P7.5 billion through a follow-on offering. According to the Securities and Exchange Commission, the firm has filed its registration statement...
The local stock market recovered some of the previous day’s losses after some major investors picked up bargains. PH STOCKS The main index rose 40.28 points or 0.59 percent to close at 6,835.41 as Holding Firms led the bounce while the Property and Services counters continued to retreat. Volume...
The local stock market fell after the outlook for the country’s credit rating was downgraded by Fitch Ratings. The PSEi lost 118.74 points or 1.72 percent to close at 6,795.13 as the Property and Holding Firms sectors led the retreat across the board. Volume was higher but still thin at 1.89...
The Philippine Stock Exchange, Inc. (PSE) has approved Filinvest REIT Corporation’s planned initial public offering (IPO) of up to P14.88 billion worth of shares. 18885 Set to be the third REIT company to be listed in the Exchange, Filinvest REIT is offering 1.63 billion secondary shares and up...
The local stock market bounced off last week’s losses on bargain-hunting spurred by upbeat US bourses. PH STOCKS The main index rose 78.95 points or 1.15 percent to close at 6,913.87 as the Services and Mining and Oil counters led the advance across the board. Volume remained tepid though with...
Sta. Lucia Land Inc. is planning to raise up to P9.87 billion from a planned follow-on offering (FOO) to fund its capital expenditures and pay for existing debt. In a registration filed with the Securities and Exchange Commission, Sta. Lucia said it is planning a public offering of up to 2.5...
In the world of metals, recasting is used to describe the process by which a metal object is given a different form by melting it and reshaping it. It’s about changing the metal’s being and not just merely redefining it. This came to mind as I was attending the virtual launch of Arthaland’s...
