The Philippine Stock Exchange index (PSEi) fell further on Monday, Oct. 27, on the weakness of the peso as well as lower market liquidity due to the giant Maynilad Water Services Inc. initial public offering (IPO). The main index dropped 52.46 points, or 0.91 percent, to close at 5,933.76. Miners...
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...
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...
American private equity firm I Squared Capital has expressed openness to participate and invest in the country’s growing data center industry, but only after the government introduced data reforms seen boosting the sector’s demand. I Squared Capital Chairman Sadek Wahba said data centers are...
President Marcos has welcomed the continued investment of global infrastructure firm I Squared Capital in the Philippines, underscoring the country’s strengthened reputation as a competitive and reliable investment destination. In his message, delivered by Special Assistant to the President for...
The Philippine Stock Exchange index (PSEi) fell below the 6,000-point level as investor confidence was eroded by weaker peso and forecasts for slower economic growth. The main index dropped 65.94 points, or 1.1 percent, to close at 5,988.02 on Friday, Oct. 24, with mining stocks leading the...
Bargain hunters pushed the Philippine Stock Exchange index (PSEi) higher on Thursday, Oct. 23, despite the continued weakness of the peso. The main index increased by 23.09 points, or 0.38 percent, to 6,053.96. Sectoral indices were evenly mixed. Volume dropped to 1.42 billion shares worth ₱4.8...
Business confidence and investment in the country are expected to take a hit as the government escalates anti-corruption efforts, with the ongoing scandal potentially causing firms to postpone projects, according to London-based think tank Capital Economics. In a report dated Oct. 22, Jason Tuvey,...
The recent lifting of foreign ownership limits and introduction of the Green Energy Auction Program (GEAP) have led to a rapid growth in investments in the renewable energy (RE) sector. In a media briefing, Security Bank Capital President and Chief Executive Officer (CEO) Virgilio O. Chua said...
The Philippine Stock Exchange index (PSEi) declined, tracking a retreat in the peso and gold prices. The benchmark PSEi shed 62.66 points, or 1.03 percent, to close at 6,030.87. Mining shares led the retreat, with only conglomerates managing to hold ground. Volume increased to 12.06 billion shares...
The listing of Maynilad Water Services Inc. at the Philippine Stock Exchange, following its ₱34.33 billion initial public offering, is expected to inject renewed interest into the local equities market and propel the growth of the benchmark index by approximately 10 percent from its current...
GCash, the country’s largest mobile wallet, is moving to democratize access to stock market debuts by integrating the fully digital Initial Public Offering (IPO) subscription feature within its GStocks PH platform. In a statement on Wednesday, Oct. 22, GCash said the move, in partnership with...
