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Philippines
Tuesday, December 17, 2024

Jenniffer B. Austria

EEI investing P3.85b to finance subsidiaries’ various projects

Construction firm EEI Corp. is investing P3.85 billion to finance the expansion plans of various business units. EEI said in a disclosure to the stock...

PH stocks end flat on continued peso depreciation

Philippine stocks ended flat Monday as investors stayed on the sidelines while waiting for the respective policy meetings of the US Federal Reserve and...

PSE bullish on 2025 IPOs, eyes P120b in new capital

The Philippine Stock Exchange (PSE) expects a significant rebound in capital-raising activity in 2025, with an estimated target of P120 billion, representing a 51-percent...

OECD: Shorter IPO process to boost capital market

The Organisation for Economic Cooperation and Development (OECD) recommended shortening the approval process for initial public offerings (IPOs) and strictly enforcing existing corporate governance...

Developers slash prices on unsold units amid glut

“There is now an oversupply of 29 months’ worth of condominium units in Metro Manila.” Several property developers are quietly slashing prices on unsold inventory...

SEC: Over 11,000 companies face fines over failure to submit reports

The Securities and Exchange Commission (SEC) threatened to revoke the licenses of more than 11,000 companies over their alleged non-compliance with repertorial requirements. The SEC,...

Market awaits BSP, Fed policy rate decisions

Philippine stocks are expected to move sideways this week as investors await the result of the Bangko Sentral ng Pilipinas’ and the US Federal...

AyalaLand Logistics opens cold storage in Pampanga

AyalaLand Logistics Holdings Corp. (ALLHC) said over the weekend it opened its fifth cold storage facility at Pampanga Technopark. ALLHC said in a statement Artico...

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