Manila Water Company (MWC) reported that its consortium with French water distributor Saur Group and Saudi’s Miahona Company has inked a Management, Operations and Maintenance Contract with Saudi Arabia’s state-run water agency, National Water Company. In a disclosure to the Philippine Stock...
The Philippine stock market fell as share prices of heavyweights were ripe for profit-taking. Traders work beneath an electronic ticker on the trading floor of the Philippine Stock Exchange in Bonifacio Global City (BGC) Metro Manila, the Philippines. (Bloomberg FILE PHOTO) The main index dropped...
Filipino-led firm SPC Power Corporation has declared P598.620 million worth of cash dividends to its shareholders that shall be payable before the end of this year. In a disclosure to the Philippine Stock Exchange (PSE), the company indicated that the cash dividend was equivalent to P0.40 per...
The Philippine Stock Exchange is offering to sell up to a 5 percent stake in bourse to a strategic investor such as the Singapore Stock Exchange is already its partner in the Philippine Dealing System group. In an interview after the PSE’s annual stockholders’ meeting, PSE President Ramon S....
The local stock market continued to surge on heightened optimism over COVID-19 vaccines and prospects of a US Stimulus plan. Photo credit: (https://www.pse.com.ph/) The main index jumped 113.51 points or 1.60 percent to close at 7,194.13 with only the Services sector retreating. Volume rose to 3.65...
The Lopez group of companies is planning to use First Philippine Holdings Corporation to buy for up to P17.5 billion all the public shares of Lopez Holdings Corporation which it plans to eventually delist from the bourse. In disclosures to the Philippine Stock Exchange, Lopez Holdings said...
Photo credit: (https://www.pse.com.ph/) The local stock market bucked expectations of further corrections and surged on the first trading day of December, kicking off what many hope will continue into a Christmas rally. The PSE soared 218.10 points or 3.21 percent to close at 7,009.56 as the...
Further weakness is seen in the stock market this week, following the trend set last week which was marked by profit-taking and foreign selling. However, online brokerage firm 2TradeAsia.com said long term prospects appear to improve with recent developments in the Senate as well as the hope...
The Philippine Stock Exchange needs to tweak further its listing rules for Small, Medium and Micro-Enterprises (SMEs) if it is to be the sector’s primary source of fresh capital. During a Financial Executives of the Philippines webinar on financial inclusion, Securities and Exchange...
Traders work beneath an electronic ticker on the trading floor of the Philippine Stock Exchange in Bonifacio Global City (BGC) Metro Manila, the Philippines. (Bloomberg FILE PHOTO) The local stock market fell as foreign funds cash in and leave for greener pastures. The main index dropped 107.16...
Leading food and beverage kiosk operator Fruitas Holdings, Inc. (FHI) has started producing its own premium dairy-based ice cream line and premium soy-based ice cream line. In a disclosure to the Phlippine Stock Exchange, the firm said the ice cream lines will be carried under its flagship brand,...
