The Department of Justice (DOJ) has indicted MFT Group and Foundry Ventures, along with their officers, for the unauthorized solicitation of investments from the public following the case buildup by the Securities and Exchange Commission (SEC). In a resolution dated May 26, state prosecutors found...
BancNet Inc. has reelected Nestor V. Tan as Chairman of the Board and Fabian S. Dee as President for the 2025-2026 term, signaling continuity in its leadership as the electronic banking consortium reported robust operational and financial growth in 2024. Tan, who also serves as president and CEO of...
The research heads of local stock brokers Abacus Securities Corporation and COL Financial have slashed their year-end forecasts for the Philippine Stock Exchange’s benchmark index because foreign investors (hot money and direct investments) continue to stay away, while corporate earnings growth...
Cautious trading is expected to prevail at the Philippine stock market this week as investors await developments following the July 9 deadline for United States trade negotiations. “We may see cautious sentiment as global trade uncertainties may take center stage again. This is as the US’ trade...
Hotel101 Global Holdings Corporation, a subsidiary of tycoons Edgar Sia II and Tony Tancaktiong’s DoubleDragon Corporation, had a lackluster debut at the Nasdaq Stock Exchange with its share price falling 70 percent at the close of its first day of trading. Hotel101, trading under the ticker...
Three years ago, President Ferdinand Marcos Jr. took the helm of the country as the world continued to grapple with the Covid-19 pandemic and economies, including the Philippines, strove for recovery after crippling lockdowns. Governments worldwide faced the delicate task of balancing public health...
DoubleDragon Corporation has achieved its goal of having its subsidiary, Hotel101 Global Holdings Corporation, with a deemed equity value of $2.3 billion, become the first Filipino corporation to be listed on the Nasdaq Stock Exchange. Hotel101, an asset-light, prop-tech hospitality platform...
AVANT GARDENER A considerable challenge in getting agricultural products to its intended end users has to do with logistics. Many agricultural practitioners are of the belief that the Philippines actually grows enough food to feed itself, but the lack of accessibility between farms and markets,...
BDO Unibank Inc. President and CEO Nestor V. Tan’s recent election as the president of the International Monetary Conference (IMC) reflects the bank’s growing influence in the global financial sectors, it said. Tan has been elected as the president of the IMC for the 2025–2026 term. The...
Tycoon Andrew Tan has resumed buying shares of Emperador Inc. from the stock market, this time spending ₱160 million for 10 million common shares. In a disclosure to the Philippine Stock Exchange (PSE), Emperador said Tan’s privately held The Andresons Group Inc. bought the 10 million shares...
With no major economic data scheduled for release this week, the local stock market is expected to remain weighed down by the ongoing conflict between Israel and Iran and the inflationary effects of its impact on oil prices. Philstocks Financial Research Manager Japhet Tantiangco said the local...
The Philippines is set to host the inaugural Association of Southeast Asian Nations-Business Advisory Council (ASEAN-BAC) retreat in July. ASEAN-BAC Philippines chair Joey Concepcion said the business retreat is a first-of-its-kind gathering that marks a significant step in redefining the...
