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Philippines
Thursday, January 9, 2025

Jenniffer B. Austria

SM Prime plans to issue P25-b fixed-rate bonds

Property developer SM Prime Holdings Inc. (SMPH) plans to issue P25 billion worth of fixed retail bonds next month based on the company’s regulatory...

RFM declares P200-m cash dividend on strong financials

Food and beverage company RFM Corp. said Wednesday its board approved the declaration of P200-million cash dividend to shareholders amid strong financial performance in...

PSE index falls below 6,500, peso closes at 58.39 a dollar

The Philippine Stock Exchange index (PSEi) extended its losing streak Wednesday, dropping below the 6,500 level, as US markets fell overnight. The PSEi, which comprises...

NAC, Sumitomo in talks for sale of CNBC stake

Nickel Asia Corp (NAC), a mining firm owned by businessman Manuel Zamora, is in talks with Japan’s Sumitomo Metal Mining Co. (SMM) for the...

SEC to review PSE acquisition of majority stake in PDS

The Securities and Exchange Commission (SEC) said Tuesday it will review the Philippine Stock Exchange’s (PSE) planned acquisition of a controlling stake in Philippine...

Stock market falls on higher inflation report

Philippine stocks succumbed to profit-taking Tuesday after the December inflation quickened and US stocks ended mixed. The bellwether Philippine Stock Exchange index lost 79.79 points,...

PH stocks climb ahead of December inflation report, peso at 58.27 a dollar

Philippine stocks rose for a third consecutive trading day ahead of key inflation report. The 30-company Philippine Stock Exchange index climbed 21.36 points, or 0.32...

PLC acquires majority stake in Asiabest Group

Premium Lands Corp. (PLC) said it plans to transform the dormant listed firm Asiabest Group International Inc. (ABG) into a holding company engaged in...

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