More articles about: capital

Stock markets around the world have plunged amid the COVID-19 pandemic as a direct result of investors pulling out by the millions to avoid losses amid the crisis. But as they say, one man’s trash is another man’s treasure, and that saying ...

The Philippine Stock Exchange circuit breaker was triggered again this morning, at 9:35 a.m., after the market plunged by 10.43 percent. Trading resumed at 9:50 a.m., 15 minutes after trading was halted by PSEi. As of 10:00 a.m., the stock exchange is now ...

For the first time since October 27, 2008, the circuit breaker of the Philippines Stock Exchange was triggered at exactly 2:53 p.m. The PSEi had dropped 656.13 points by then, a 10.33 percent nose dive that halted trading for 15 minutes.After PSEi ...

Udenna Corporation tycoon Dennis Uy has officially completed his acquisition of a 45 percent stake in the Malampaya natural gas field, one of the largest industrial endeavors of the Philippines. Uy’s Udenna Corp. now formally assumes the position originally held by international ...

The first stock market debut for 2020 is here.Edgar “Injap” Sia II’s MerryMart just received the greenlight from the Securities and Exchange Commission (SEC) for its P1.6 billion initial public offering (IPO).One step closer to going public, MerryMart Consumer Corp. will be ...

Stock markets took a hit when COVID-19 began spreading around the world. Asia is perhaps the worst hit, with Japan’s Nikkei stock market plunging 3.3 percent overnight on February 25 and the Philippine Stock Exchange dropping 2.47 percent at the end of February ...

Mobile and ATM banking have made handling finances infinitely more convenient, but it’s also come at a price. The smallest task, from checking your bank account balance to transferring money to another account, can cost you. For Filipinos who like to save ...

Tagum Global Medical Center, Inc. is the second private company filing to go public this year after submitting its P1 billion prospectus to the Securities and Exchange Commission (SEC) on February 6.The proposed maiden offering will sell 36,000 common shares, to be ...

DoubleDragon Properties chairman and CEO Edgar “Injap” Sia II’s MerryMart Consumer Corp. is eyeing its stock market debut this 2020 with a proposed P1.6 billion initial public offering (IPO).In a prospectus submitted to the Securities and Exchange Commission on January 27, MerryMart ...

The Philippine economy grew by 6.4 percent in the fourth quarter of 2019, 0.4 points higher than the third quarter’s Gross Domestic Product (GPD) growth rate of 6.0 percent. Despite the rise in GDP growth, Q4 still failed to achieve its target ...

Bangko Sentral ng Pilipinas (BSP) will be selling P10,000 commemorative coins made of gold to celebrate the 70th anniversary of BSP. The catch? The coins cost P127,500—each.Meanwhile, the P500 silver commemorative coin will be sold for P3,500 per piece."These coins are non-circulation ...

The Philippine Stock Exchange (PSE) has just launched the mobile application companion to its PSE Electronic Allocation System (PSE EASy), its initial public offering subscription platform that was launched earlier this year.The mobile app, like the platform, is targeted at local small ...

Market intelligence group Fitch Solutions has raised its previous Philippine economic GDP growth outlook in 2019 from an initial 5.7 percent to 6.0 percent, which will achieve the lower end of the government’s 6 to 7 percent target range.According to Fitch Solutions, the ...

Tycoon Dennis Uy of Udenna Corporation has purchased 100 percent of Chevron Malampaya’s 45 percent stake in the Malampaya gas field located northwest of Palawan. Uy now replaces Chevron as the third partner in the three-part venture into the Malampaya gas field. The other ...

In an interview with ABS-CBN News Channel, PSE President Alejandro Yu disclosed that Moron’s scam is possibly the worst to ever hit a brokerage house, stating that past incidents were “definitely not to this degree.”In the aftermath of the theft coming to ...

The Philippine GDP growth rate for 2019 surged to 6.2 percent in the third quarter (Q3), according to the Philippine Statistic Authority (PSA). This is 0.7 points higher than the second quarter’s 5.5 percent, which was the lowest growth rate in four ...

After approving the initial public offerings (IPO) of seven Allied Care Experts (ACE) medical centers to be built across the country, the Securities and Exchange Commission (SEC) has given the green light to another ACE medical center to push through with its IPO: ACE Medical ...

Eight of the biggest listed corporations in the country have landed on Forbes Asia’s Best Over A Billion 2019 list, which features 200 top-performing companies in the Asia-Pacific region with sales revenues exceeding one billion US dollars from the previous year.The eight ...

JG Summit Holdings, Inc.’s (JGS) consolidated net income increased by 79 percent in the first half of 2019, jumping to a record P17.6 billion. This is almost double the P9.8 billion net income of the company in the same period last year.On ...

Late in 2018, a small portion of the new Skyway Stage 3 was opened to the public. In the grand scheme of the project, it wasn’t much more than a kilometer-long stretch of elevated expressway before the intersection of Gil Puyat Avenue, but it ...