The Securities and Exchange Commission (SEC) has approved a stock split for Globe Fintech Innovations Inc. (Mynt), the owner of GCash, a move intended to lower the per-share price and make the stock more affordable for its long-anticipated initial public offering (IPO). In a disclosure to the...
Mobile wallet giant GCash has denied reports that its users ' personal data was compromised and allegedly sold on the dark web, asserting that its systems remain intact and that no data breach has occurred. In a statement on Monday, Oct. 27, GCash said that initial forensic analysis “shows...
GT Capital Holdings Inc. (GT Capital) has signed a memorandum of agreement (MOA) with Ateneo de Manila University (ADMU) to put up a new Ateneo campus at Riverpark, a township of wholly owned subsidiary Federal Land Inc. in General Trias City, Cavite. In a disclosure, GT Capital said the new...
Top Philippine lender BDO Unibank, Inc. grew its profits in the first nine months of the year amid solid performance in its main banking operations and investments to improve technology and open more branches. In a disclosure to the Philippine Stock Exchange, BDO reported that it posted a four...
Ports, gaming, and infrastructure magnate Enrique K. Razon Jr. has found a buyer for his casino in South Korea, Jeju Sun Hotel & Casino, which is owned through an indirect subsidiary of Bloomberry Resorts Corp. In a disclosure to the Philippine Stock Exchange (PSE), Bloomberry said its South...
Metro Manila’s West Zone concessionaire Maynilad Water Services, Inc. has decided to exercise in full the ₱5.32 billion upsize portion of its ₱34.33 billion initial public offering in response to strong investor demand for the firm’s stock. In a statement, Maynilad said that, after the...
The Gokongwei Group’s Robinsons Retail Holdings, Inc., posted a 3.9 percent improvement in core net earnings to ₱4.2 billion in the first nine months of the year, with the growth driven by gross margin expansion. In a disclosure to the Philippine Stock Exchange, the firm said core net earnings...
Megaworld Corp. plans to expand its real estate investment trust MREIT Inc. by transferring 10 office buildings valued at approximately ₱20 billion in exchange for newly issued shares. In a disclosure to the Philippine Stock Exchange, MREIT said it is looking to issue and list up to 1.36 billion...
Maya Philippines Inc., the country’s leading all-in-one finance platform, is making it easier for retail investors to subscribe to initial public offering (IPO) shares through its stock-investing feature, Maya Stocks. In a statement, Maya said it is now carrying the IPO of Maynilad Water...
Metro Manila West Zone concessionaire Maynilad Water Services Inc. began its capital-raising exercise Thuesday, Oct. 23, with its ₱34.33 billion initial public offering (IPO) open for subscription until Oct. 29, 2025. Maynilad fixed its IPO share price at ₱15 on Oct. 20. The water...
Spirits and real estate billionaire Andrew Tan has begun transferring ₱1.83 billion worth of Emperador Inc. shares to his holding company, Alliance Global Group Inc., locking in a roughly 16 percent gain on the stake he acquired in May and June. In a disclosure to the Philippine Stock Exchange,...
Anastacio R. Martirez has resigned as Chief Operating Officer of Smart Communications Inc., effective Oct. 21, following an internal investigation into employee complaints regarding workplace culture, according to a report by news website InsiderPH, citing an internal memo from PLDT Inc. Chairman...
