The Philippine Stock Exchange (PSE) is removing Metro Pacific Investments Corporation (MPIC) and Aboitiz Power Corporation (AboitizPower) from its benchmark index and replacing them with Bloombery Resorts Corporation and Century Pacific Food Inc. In a memorandum posted on the PSE website, PSE...
The Philippine Stock Exchange (PSE) reported that its wholly-owned subsidiary, Securities Clearing Corporation of the Philippines (SCCP), has successfully migrated to a shortened settlement cycle of T+2. “This migration is a significant advancement in the domestic capital market and will...
The Philippine Stock Exchange (PSE) is encouraging all publicly-listed firms to conduct quarterly briefings on their financial performances to cultivate healthy investor relations. This came after a group of 10 publicly-listed companies (PLCs) featured in the PSE STAR (Strengthening Access and...
The Securities Clearing Corporation of the Philippines (SCCP), a wholly-owned subsidiary of the Philippine Stock Exchange Inc. (PSE), announced that stock market transactions from Aug. 24, 2023 onwards will be settled after two clearing days instead of three. This comes after the clearinghouse...
The Philippine Stock Exchange (PSE) announced that corporate executives of 10 publicly listed companies (PLCs) will be at the forefront of PSE STAR: Investor Day on Aug. 16 and 17, 2023. In a statement, the bourse said these executives will present their financial performance for the first...
The Philippine Stock Exchange (PSE) announced the election of two new independent directors, Peter B. Favila and Andrew Jerome T. Gan, at the company’s annual stockholders’ meeting (ASM) held on August 5, 2023. Photo (from left, by row): President and CEO Ramon S. Monzon, Chairman and...
The Philippine Stock Exchange (PSE) reported an 11.6 percent improvement in net income for the first half of 2023 to P417.51 million compared to the same period last year on higher investment income. In a statement, the bourse said its operating revenues were lower by 12.9 percent to P740.09...
The Philippine Stock Exchange, Inc. (PSE) is holding Investment Expo 2023, an online conference aimed to educate retail investors and the general public on stock investing and legitimate financial instruments, from March 9 to 11, 2023. "The success of the maiden Investment Expo last year is proof...
Despite the reopening of the Philippine economy and the resulting recovery of businesses, the year 2022 has not been kind to the local stock market. Earlier gains made on the back of the country’s improving Covid-19 situation as well as the traditional post-election rally eventually dissipated...
While various big business groups have aired their opposition to the government’s plan to establish a sovereign wealth fund (SWF) called the Maharlika Investment Fund (MIF), the Philippine Stock Exchange came out to voice its support for the proposal. In a short statement, PSE President Ramon S....
D&L Industries Inc., the country’s largest green chemicals and food ingredients producer, is expected to exceed this year’s record performance in 2023 as the economy continues to reopen while domestic and export sales will get a boost from the opening of its Batangas plant. In an informal...
The Philippine Stock Exchange, Inc. (PSE) has approved the P3.22 billion initial public offering (IPO) application of Premiere Island Power REIT Corporation, the power and infrastructure real estate investment trust of the Villars’ Prime Asset Ventures, Inc. Premiere REIT is a REIT sponsored by...
