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Philippines
Thursday, November 14, 2024

Jenniffer B. Austria

PH stocks fall below 6,600; peso closes at 58.77 a dollar

The Philippine stock market plummeted 2.34 percent Thursday, extending its losses to seven straight trading days on continued foreign selling. The 30-company Philippine Stock Exchange index...

Top Line to proceed with P3.2-b IPO despite volatility

Cebu-based fuel retailer Top Line Business Development Corp. is pushing through with its planned P3.2-billion initial public offering (IPO) despite the recent sell-off in...

JG Summit, GT Capital report mixed income results

Conglomerates JG Summit Holdings, Inc. (JGS) and GT Capital Holdings Inc. reported mixed nine-month financial results. JG Summit said Thursday its net income attributable to...

Anscor buys P1.6-b stake in Bistro Group

A. Soriano Corp. (Anscor) acquired a minority stake in restaurant operator TBG Food Holdings Inc., which is popularly known as The Bistro Group (TBG)...

SM Investments posted 9% profit growth to P61b in nine months

SM Investments Corp. (SMIC) said Wednesday its consolidated net income grew 9 percent in the first nine months of 2024 to P60.9 billion from...

SEC orders takeover of Lopa’s Equitiworld

The Securities and Exchange Commission (SEC) ordered the Capital Markets Integrity Corporation Corp. (CMIC) to take over the operations of Equitiworld Securities Inc. (EQWorld),...

PH stocks sink to 6,700 level on US concerns

The Philippine stock market sank for a sixth straight trading day as investors remained anxious over the possible impact of US president-elect Donald Trump’s...

Ayala Corp.’s core income rises 19%

Conglomerate Ayala Corp. said Wednesday it recorded core net income of P36.7 billion in the first nine months of 2024, up 19 percent year-on-year...

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