Maynilad Water Services Inc. reported that feedback from preliminary investor meetings has been encouraging for its planned initial public offering, valued at up to ₱45.8 billion. In a letter to the Philippine Dealing & Exchange Corporation, Maynilad Corporate Information Officer Lourdes Marivic...
After reducing the number of shares for its initial public offering (IPO), Maynilad Water Services Inc. may tighten the offer price to between ₱12 and ₱14 per share from its initially indicated maximum offer price of ₱20 per share based on investor interest during its ongoing bookbuilding...
Government spending related to the May 12 midterm elections—frontloaded expenditures prior to the polls as well as the resumption of delayed projects due to the election ban—would likely spill over into the second quarter and support first-half economic growth, economists said. "While the...
The Philippine Stock Exchange index (PSEi) plunged as investors sold down shares in panic due to fears of a global trade war as countries are taking retaliatory measures slapped harsh tariff rates by the US. The Philippine benchmark fell by 261.34 points or 4.3 percent to close at 5,822.85 on...
While the domestic and global economies are on a more stable path to recovery, the next Philippine President will need to address ballooning debt and more expensive loans while dealing with rising inflation and possible new virus variants, according to the country's economic strategist. media...
The local stock market is seen to remain volatile this week due to the ongoing invasion of Ukraine by Russia and its impact on oil prices and inflation. “We may still see a turbulent week ahead for the local market amid the lingering uncertainties on the Russia - Ukraine conflict,” said...
The local stock market is seen to continue being pulled back and forth by earnings reports and positive factors such as the improving Covid-19 situation and negative risks such as Russia’s invasion of Ukraine and inflation fears. “Next week, the local market may continue to trade sideways...
Russian invasion, alert level to sway stocks By JAMES A. LOYOLA Russia’s invasion of Ukraine and its impact on global equities and other markets will continue to weigh on the local bourse although an easing of quarantine measures may give the PSEi a little boost. “Next week, the local market is...
This week, investors will be taking cues from corporate earnings reports, hints on local and US policy rates, and the government’s decision on whether to further relax quarantine restrictions. “The government’s decision on the alert level restrictions in the country for the 2nd half of...
Stock market investors are seen to remain cautious this week as it does not have any major announcement scheduled that may affect sentiment. “Next week, the overall sentiment is expected to remain cautious as investors wait for catalysts for the market,” said Philstocks Financial Senior...
Stocks to take cues from politics, COVID cases James A. Loyola The local stock market is seen to be swayed by recent political developments this week although investors continue to be optimistic amid the reopening of the economy and the generally positive corporate results for the third quarter....
After breaching the 7,300 level, the local stock market is seen to test its strength further this week to see if it can reach the 52-week high of 7,432.40 for the Philippine Stock Exchange Index (PSEi). “While last week’s rally could invite selling pressures, the market is still seen to have an...
