More articles about: capital

Pampanga-based telecommunications company Converge ICT is eyeing a $700 million (P34.8 billion) initial public offering, according to a Bloomberg report.Converge has reportedly picked out banks for its blockbuster IPO that could be the biggest stock market debut in the Philippine Stock Exchange’s ...

Pandemic or not, DoubleDragon chief Edgar “Injap” Sia III is having one good year. Sia’s latest brainchild, MerryMart, took off with flying colors when it made its stock exchange debut and bumped up its opening share price by 50 percent. Within two weeks, ...

Jan Marsalek, the recently sacked COO of Wirecard, is reportedly in the Philippines, according to German paper Suddeutsche Zeitung (SZ).More: The Wirecard Scandal: How $2 Billion 'Disappeared' in the Philippines“He is said to be in the Philippine capital of Manila, but is not ...

German newspaper Süddeutsche Zeitung has named former Department of Transportation (DOTr) assistant secretary Mark Tolentino as a suspicious figure in the billion-dollar Wirecard scandal. The German fintech story, once a success story on the DAX, made headlines when it reported that 1.9 billion euros ...

Germany has been hit with one of its biggest financial scandals in years after payment processor Wirecard AG seemingly lost €1.9 billion ($2.1 billion) of cash. Money doesn’t disappear into thin air unless something shady is happening behind the scenes, which is ...

PLDT makes a stellar return to the international bond market by getting orders worth over $10.2 billion (P500.5 billion), the largest figure for any Philippine issuer. The final order book was 17 times oversubscribed from the $600 million (P30 billion) of fixed ...

The Ayala family’s Bank of the Philippine Islands (BPI) is launching the country’s first COVID Action Response Bonds (CARE Bonds) to raise funds in support of local micro, small, and medium businesses (MSMEs) hit hard by the global pandemic.In a public disclosure ...

BDO Unibank Inc., Robinsons Land Corp., and Meralco lead as the top three taxpaying businesses of 2019. Following the release of the country’s Top 500 Taxpayers (as of May 19), the Department of Finance lauded big businesses for filing income tax returns ...

Trading of ABS-CBN Corporation’s shares on the Philippine Stock Exchange (PSE) has been suspended today, May 6, following the cease and desist order (CDO) issued by the National Telecommunications Commission (NTC) yesterday, May 5. ABS-CBN’s broadcasting stations signed off yesterday, 7:52 p.m., after ...

Following President Rodrigo Duterte’s apology to tycoons Manny Pangilinan (MVP) and brothers Jaime Augusto Zobel de Ayala and Fernando Zobel de Ayala, the stock prices of Metro Pacific Investments Corporation (MPIC), Ayala Corporation (AC), and Manila Water Company, Inc. (MWC) jumped by ...

While a number of industries have been hit hard by the pandemic, namely airlines and tourism, one industry has stayed strong: supermarkets and drugstores. Deemed essential, Robinsons Retail Holdings, Inc.’s (RRHI) supermarket and drugstore brands have managed to stay resilient despite the economic ...

On Monday, May 4, the Philippine Stock Exchange (PSE) will implement its new SEC-approved three-phase circuit breaker system, which will be triggered if the PSE index declines anywhere between 10 percent and 20 percent.According to PSE’s latest circular, the new system will ...

Although the country is facing a potential recession, there is still good news to share in the business sector: Philippine startup CloudEats has raised $1.4 million (P70.94 million) in seed funding from angel investors and real estate and food and beverage companies.CloudEats is ...

Voyager Innovations, the developer behind leading payment platform PayMaya Philippines, has bagged $120 million (P6 billion) in investment commitments from five backers: PLDT, KKR, Tencent, International Finance Corp (IFC), and the IFC Emerging Asia Fund.According a report from Deal Street Asia, the ...

Suck at money? Congrats. You’re part of the 99 percent of people in their 20s floundering when it comes to finance. Adulting is hard, and money is harder—especially when it’s your own and not your parents. My Two Cents is here to break down ...

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 ...