The Philippine Stock Exchange, Inc. (PSE) is adding newly-listed firms in its sector indices while the main PSE index (PSEi) will see no changes in its composition. In a statement, the bourse said these changes are based on the regular stock performance review for the January to December 2020...
Global eSports firm Galaxy Racer Holdings Limited is acquiring a majority stake in the DreamFyre Group, the Philippines’ rising eSports and gaming powerhouse. In a statement, DreamFyre said this move by Galaxy Racer paves the way for DreamFyre to boost its local operations, and fast track...
Seven members of the SM Group of Companies, led by flagship SM Investments Corporation (SMIC), clinched 10 awards for their high scores in the recently concluded 2019 ASEAN Corporate Governance Scorecard (ACGS) assessments. For the 2019 ACGS Assessment, three award categories were recognized:...
Greenergy Holdings Inc., the listed holding firm of businessman Antonio Tiu, is optimistic after the Australian government's recent landmark decision allowing over the counter sale of CBD or cannabidiol oil. This bodes well for Greenergy which last year acquired a 50 percent stake in the...
Listed sugar and ethanol producer Roxas Holdings, Inc. reported a higher net loss of P240 million for the first quarter of its fiscal year ending in September 30, 2021 from a net loss of P36 million in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said this...
Fruitas Holdings, Inc., the Philippines’ leading food and beverage kiosk operator, reported that it has secured 20 more locations for its community stores and is in final negotiations for the lease of another 20 sites. In a disclosure to the Philippine Stock Exchange, the firm said it is ahead of...
SM Prime Holdings Inc. has set the interest rates for its P10 billion Peso-denominated Series M, 2.5-year retail bond at 2.4565 percent due on 2023, and Series N, 5-year retail bond at 3.8547 percent due on 2026. In a statement, SM Prime said it issued an aggregate principal amount of P5.0 billion...
Greenergy Holdings Inc. (GREEN), the holding company of businessman Antonio Tiu, is putting up two new subsidiaries that will maximize opportunities in sectors that cater to the evolving needs of Filipino consumers especially during the pandemic. In a disclosure to the Philippine Stock Exchange,...
The board of directors of Ayala-led AC Energy Corporation (ACEN) has greenlighted the joint venture deal that the conglomerate’s energy investment arm will be cementing with Solar Philippines Power Project Holdings Inc. (SP) of millennial-businessman Leandro L. Leviste. In a disclosure to the...
The local stock market is seen to trade with a downward bias this week even as investors await the release later in the week of the gross domestic product figure for the fourth quarter of 2020. “The local market’s bias is still seen to be tilted to the downside amid waning optimism and...
Lopez Holdings Corporation has withdrawn its petition for voluntary delisting, which was filed with the Philippine Stock Exchange (PSE) on December 14, 2020 after sister company First Philippine Holdings Corporation reduced its tender offer size. In a disclosure to the PSE, FPHC amended...
First Philippine Holdings Corporation (FPH) is reducing the shares of Lopez Holdings Corporation it intends to buy through a tender offer to ensure that the public float does not fall below the minimum required to remain listed. In a disclosure to the Philippine Stock...
