The UK government’s MOBILIST Programme has invested P731 million in Citicore Renewable Energy Corporation (CREC) which is equivalent to 13.77 percent of its P5.3-billion initial public offering (IPO). CREC has successfully completed its IPO and listing on the Philippine Stock Exchange (PSE) on...
The number of stock market accounts at the Philippine Stock Exchange (PSE) has grown by 11.3 percent to 1.91 million as of the end of 2023 from 1.71 million accounts in 2022. The PSE’s annual Stock Market Investor Profile report showed that the growth was mainly due to new accounts opened through...
The Bankers Association of the Philippines (BAP) is waiting for the Philippine Stock Exchange to name a price if it wants to buy the stake of banks in the Philippine Dealing System Corporation (PDS), which owns the fixed income bourse Philippine Dealing & Exchange Corporation. BAP...
The Philippine Stock Exchange, Inc. (PSE) is opening the 2024 edition of PSE STAR Investor Day with the first quarter briefing of 11 publicly listed companies slated on May 15 and 16. In a statement, the bourse said the PLCs will tackle their financial performance for the first three months...
The Philippine Stock Exchange (PSE) is preparing to renegotiate its planned buyout of its fellow shareholders in Philippine Dealing System Holdings Corporation (PDS Group) after securing the approval of the Securities and Exchange Commission late last year. In an interview, PSE President and CEO...
GCash, the Philippines’ top finance app and largest cashless ecosystem, reported that it now has nearly half a million users for GStocks PH as it ramps up the reach of its stock investment platform. Last year, GCash had tapped AB Capital Securities, Inc. (ABCSI) to introduce GStocks PH to its...
The Philippine Stock Exchange (PSE) announced that it has added new features on its PSE Electronic Allocation System (PSE EASy) website, a platform that enables local small investors (LSIs) to participate in initial public offerings (IPOs) and follow-on offerings (FOOs). In a statement, the bourse...
The Philippine Stock Exchange (PSE) has recently concluded its forum featuring chief executive officers of publicly-listed companies to give advice and encourage firms planning their own initial public offerings. During the forum, dubbed Road to IPO: Embracing the Growth Mindset, the seven CEOs...
The Philippine Stock Exchange (PSE) and Philippine Dealing System Holdings Corp. (PDSHC) cheered the appointment of former Robinsons Land Corporation President and CEO Frederick D. Go as the investment czar of the Marcos administration. In a statement, the PSE and PDSHC said their Board of...
The Philippine Stock Exchange (PSE) expects to raise P175 billion worth of capital in 2024 amid a more upbeat equities market with six companies seen to launch their initial public offerings (IPO) this year compared to just three in 2023. “Our capital raising forecast is P175 billion, around P40...
Investors in the local stock market have reason to be guardedly optimistic about 2024 following a lackluster trading in 2023. “The expected improvement in macroeconomic indicators are poised to drive market conditions in 2024,” said Philippine Stock Exchange (PSE) President and CEO Ramon S....
The Philippine Stock Exchange index (PSEi) dropped 1.8 percent to 6,450.04 at the end of 2023 from its closing figure on the last trading day of 2022. The bourse said its daily average value turnover was at P6.09 billion in 2023, down by 16.5 percent from 2022’s P7.30 billion average. (L-R): PSE...
