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Philippines
Monday, September 23, 2024

Jenniffer B. Austria

Victorias Milling obtains SEC nod to treble capital to P10b

The Securities and Exchange Commission (SEC) approved the more than tripling of Victorias Milling Co.’s (VMC) authorized capital stock to P10 billion from P3.04...

Stocks retreat after touching 7,000 level

Philippine stocks ended lower Wednesday after briefly touching the 7,000 level on technical correction. The 30-company Philippine Stock Exchange index (PSEi) traded above the 7,000...

Stocks seen rising to 7,100 level; peso at 56.28 a dollar

Philippine stocks rose Tuesday after a long weekend ahead of month-end window dressing. The bellwether Philippine Stock Exchange index added 11.45 points, or 0.16 percent,...

SEC revokes registration of Procap, Ray

The Securities and Exchange Commission (SEC) said Tuesday it revoked the corporate registration of Procap International and Ray International Philippines Corp. over alleged llegal...

PSE signs MOU with Taiwan bourse for product dev’t, market promotion

The Philippine Stock Exchange Inc. (PSE) said it signed a memorandum of understanding (MOU) with Taiwan Stock Exchange (TWSE) to strengthen the relationship between...

Filinvest eyes 2,000 new hotel rooms

Filinvest Hospitality Corp. (FHC), the accommodation unit of the Filinvest Group, plans to add 2,000 hotel room keys in its portfolio as part of...

Developers shift focus to deluxe projects

Philippine property developers are increasingly focusing on high-end real estate projects to meet rising demand from a growing affluent class. Fueled by the country’s economic...

UMIC bid drives investor appetite for PH equities

As the Philippine economy nears its transition to upper-middle-income country status by 2025, the Philippine Stock Exchange (PSEi) is increasingly bullish. The positive outlook...

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