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...
The local stock market ended the week in a low note, giving way to corrective pressures on concern over the threat posed by the COVID -19 Delta variant to the global economy. PH STOCKS The main index fell 90.07 points or 1.30 percent to close at 6,834.92 after trading much lower intraday. Holding...
The local stock market declined for the third day due to absence of market-moving news. The PSEi dipped 18.01 points or 0.26 percent to close at 6,924.99 with only the Services and Mining and Oil counters advancing. PH STOCKS Volume remained thin at 1.36 billion shares worth P5.04 billion as losers...
The Philippines will soon be sending its experts to Israel to undergo trainings on drip irrigation system, drug design, and medicinal chemistry. Department of Science and Technology (DOST) Secretary Fortunato “Boy” T. de la Peña (PCOO/MANILA BULLETIN FILE PHOTO) Department of Science and...
The local stock market continued to lose ground after failing to stay above the 7,000 level. The PSEi shed 49.43 points or 0.71 percent to close at 6,943.00 as share prices fell across the board with the Services counter leading the retreat. PH STOCKS Volume was anemic at 1.7 billion shares worth...
The local stock market weakened despite the announcement of a lower inflation rate as investors opted to sell on news. PH STOCKS The main index dropped 43.95 points or 0.62 percent to close at 6,992.43 with the Property sector registering the biggest decline while the Services counter was the only...
The Securities and Exchange Commission (SEC) has revoked the Certificate of Authority (CA) of Familyhan Credit Corporation so it can no longer operate as a lending company. This comes after the firm was found to have engaged in unfair debt collection practices and failed to disclose the true cost...
The Securities and Exchange Commission (SEC) has approved the planned P14.92 billion initial public offering (IPO) of the real estate investment trust (REIT) sponsored by Filinvest Land, Inc. (FLI). The Commission En Banc resolved to render effective the registration statement of Cyberzone...
Local share prices rose, as they continue to ride on a wave of growing optimism among investors. The PSEi added 34.12 points or 0.49 percent to close at 7,036.38 as the Industrial and Property indices led the advance with only the Financials counter retreating. However, volume dropped to 1.79...
