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Philippines
Thursday, April 25, 2024

Jenniffer B. Austria

SM postpones $1-b REIT offering on interest rate, market volatility

Property developer SM Prime Holdings Inc. (SMPH) said Tuesday it will postpone its planned $1-billion real estate investment trust (REIT) offering amid the current...

PSE plans to tap debt market to buy out PDS shareholders

The Philippine Stock Exchange (PSE) may tap the debt market to buy out the shareholders of Philippine Dealing System Holdings Corp. (PDS). PSE president and...

PH stocks up on easing ME tensions, peso closes at 57.54 a dollar

Philippine stocks opened the week flat as investors stayed on the sidelines after last week’s sell strong sell-off. The Philippine Stock Exchange index, the country’s...

Megawide’s core net income hits P269m as revenues rise 26%

Megawide Construction Corp. said Monday it posted a net income attributable to parent equity holder of P283.5 million in 2023, down 92 percent from...

AEV eyes more acquisitions to boost non-power business

Aboitiz Equity Ventures Inc. (AEV) said it will pursue acquisitions in line with its strategy to diversify its portfolio and increase the contribution of...

PSE keeps target of 6 IPOs, P175b in fresh capital

The Philippine Stock Exchange (PSE) is keeping its target of six initial public offerings (IPOs) this year and P175 billion worth of capital to...

SEC files complaint against MFT Group for ‘unauthorized’ investment offering

The Securities and Exchange Commission (SEC) said over the weekend it filed a criminal complaint against the MFT Group with the Department of Justice...

Stock market expected to rebound this week

Philippine stocks are expected to stage a technical rebound this week on potential bargain-hunting after last week’s slump. Philstocks Financial Inc research head Japhet Tantiangco...

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