By: Doris Dumlao-Abadilla Philippine Daily Inquirer 05:25 PM May 10, 2017 http://business.inquirer.net/229232/pse-oks-cebu-landmasters-p3-8b-ipo The Philippine Stock Exchange has approved the initial public offering (IPO) of as much as P3.8 billion planned this month by Cebu Landmasters Inc., Metro Cebu’s leading housing developer. In an offering circular from the PSE, Cebu Landmaster’s offering will run from May […]
ABS-CBN News Posted at May 10 2017 12:22 PM http://news.abs-cbn.com/business/05/10/17/uber-offers-6-seater-vehicles MANILA – Ride-sharing app Uber on Tuesday announced it was rolling out an option that lets users book vehicles that can carry up to six passengers. Starting Friday, May 12, users can request an AUV through UberXL, which would be cheaper than booking two UberX […]
By Louella Desiderio (The Philippine Star) Updated May 11, 2017 – 12:00am http://www.philstar.com/business/2017/05/11/1698676/globe-raising-p20-b-capex MANILA, Philippines – Ayala-led Globe Telecom Inc. is planning to raise up to P20 billion either through a bank loan or issuance of retail bonds within the year to support capital expenditures and prepare for requirements next year. Globe chief financial officer […]
By Iris Gonzales (The Philippine Star) Updated May 11, 2017 – 12:00am http://www.philstar.com/business/2017/05/11/1698670/gt-capital-gears-rapid-expansion MANILA, Philippines – GT Capital has committed to continuously grow its businesses as it reaps the benefits of its strategic move to shift to infrastructure from power generation as well as the consolidation of its life and non-life insurance businesses. The conglomerate […]
By: DORIS DUMLAO-ABADILLA Philippine Daily Inquirer 12:28 AM May 11, 2017 http://business.inquirer.net/229261/megaworld-unit-posts-50-growth-net-income Megaworld group’s leisure and tourism estate arm Global Estate Resorts Inc. saw a 50-percent year-on-year jump in first quarter net profit to P315 million on higher revenue from residential sales. Consolidated revenue for the first three months hit P1.66 billion, up by 13 percent […]
By: DORIS DUMLAO-ABADILLA Philippine Daily Inquirer 12:16 AM May 11, 2017 http://business.inquirer.net/229248/8990-seeks-raise-p8b-expansion Mass housing developer 8990 Holdings plans to return to the capital market in the third quarter, aiming to raise P8 billion by selling a mix of preferred shares and pioneering bonds backed by housing receivables. 8990 Holdings intends to raise P5 billion from an […]
Noel Randewich, Reuters Posted at May 09 2017 07:09 AM http://news.abs-cbn.com/business/05/08/17/wall-street-flat-fear-barometer-falls-to-1993-low The S&P 500 ended flat on Monday after briefly touching a record high, while Wall Street’s “fear gauge” dropped to its lowest in over two decades following centrist Emmanuel Macron’s victory in the French presidential election. The CBOE Volatility index dropped 0.8 point to […]
By Louise Maureen Simeon (philstar.com) Updated May 8, 2017 – 6:30pm http://www.philstar.com/business/2017/05/08/1697958/miners-optimistic-appointment-new-denr-chief-roy-cimatu MANILA, Philippines — The country’s mining industry is optimistic with the appointment of former Armed Forces of the Philippines chief Roy Cimatu as the new environment chief. President Rodrigo Duterte on Monday ended speculations on who might replace rejected Gina Lopez after he […]
By Claire Jiao, CNN Philippines Updated 20:36 PM PHT Mon, May 8, 2017 http://cnnphilippines.com/business/2017/05/08/Espenilla-is-next-BSP-governor.html Metro Manila (CNN Philippines, May 8) — Career central banker Nestor Espenilla, Jr. will be the next governor of the Bangko Sentral ng Pilipinas (BSP). Finance Secretary Sonny Dominguez confirmed in a text message on Monday that Espenilla would succeed BSP […]
ABS-CBN News Posted at May 08 2017 03:19 PM Updated as of May 08 2017 04:04 PM http://news.abs-cbn.com/business/05/08/17/new-pse-chief-eyes-more-small-companies-going-public MANILA – The Philippine Stock Exchange wants more small and medium companies to go public this year, the bourse’s incoming president said Monday. “To get the public interested, we have to have more products and one of […]