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Philippines
Saturday, May 4, 2024

Jenniffer B. Austria

Stocks rise on bargain-hunting ahead of Q1 net income reports

Local share prices ended the week in the green, bucking the Wall Street’s decline, with the main composite index returning to the 6,600 level. The...

Consunji Group acquiring Cemex Philippines for $305.6 million

The Consunji Group is entering the cement manufacturing industry through the acquisition of Cemex Asian South East Corp. (CASEC), the majority owner of listed...

Stocks advance; peso dips to 57.78 a dollar

Stocks rose, but the Philippine peso fell to a new 17-month low of 57.78 against the US dollar Thursday as investors sought the safety...

Filinvest REIT office buildings switch to RE

Filinvest REIT Corp. (FILRT), the country’s first sustainability-themed real estate investment trust company of Filinvest Group, said Thursday five more of its office buildings...

SEC issues rules for cornerstone investors in IPOs

The Securities and Exchange Commission (SEC) laid down the guidelines for cornerstone investors in initial public offerings (IPOs) in line with its efforts to...

SMIC spending up to P115b to expand property, retail businesses

SM Investments Corp. (SMIC) of the Sy family said Wednesday it is spending between P110 billion and P115 billion this year primarily to support...

OceanaGold lowers final IPO price to P13.33 a share

OceanaGold (Philippines) Inc. (OGPI) set the final offer price for its planned initial public offering at P13.33 per share, lower by 22.8 percent from...

Stocks climb as US production data bolster hopes of Fed monetary easing

The Philippine stock market rose Wednesday following the strong showing by US and Asian markets. The benchmark Philippine Stock Exchange index surged 65.95 points, or...

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