Offshore investors may avail of REITs through central bank

NON-PHILIPPINE residents are allowed to invest in real estate investment trusts (REITs) through the central bank, bourse operator Philippine Stock Exchange, Inc. (PSE) said.

PSE reopens trading floor on relaxed lockdown

THE Philippine Stock Exchange, Inc. (PSE) is reopening its trading floor today as quarantine measures in Metro Manila are eased.

P30-B CCLEx more than halfway complete

THE P30-billion Cebu-Cordova Link Expressway (CCLEx), one of the country’s largest infrastructure projects that is expected to ease the worsening traffic in Metro Cebu and help spur economic growth in the Visayas, is now more than halfway complete, its developer said.

Boss UP among four investment groups flagged by SEC

THE Securities and Exchange Commission (SEC) is warning the public against four groups that are offering investment opportunities without authorization from the government.

Budget airlines’ local flights, PAL int’l flights resume

PHILIPPINES AirAsia, Inc. announced on Sunday that it will operate a total of 18 domestic commercial flights when it resumes on Wednesday, June 3.

OUTLIER: Investors snatch up Puregold after earnings, MSCI inclusion

INVESTORS took positions on Puregold Price Club, Inc. last week with analysts attributing it to its earnings result and its addition to a global equity index.

How PSEi member stocks performed — May 29, 2020

Here’s a quick glance at how PSEi stocks fared on Friday, May 29, 2020.

Japan’s Sumitomo acquires stake in LRT-1 operator

METRO PACIFIC Investments Corp. (MPIC) has sold part of its stake in the operator of the Light Rail Transit Line 1 (LRT-1) to Japanese company Sumitomo Corp.

Puregold Q1 profit gets boost from panic-buying

EARNINGS of Puregold Price Club, Inc. jumped 17% in the first quarter, as consumers began panic-buying before the lockdown was implemented in mid-March.

Vista Land posts 10% income growth in 2019

VISTA LAND & Lifescapes, Inc. (VLL) reported a 10% increase in profits last year, as it saw higher demand for its commercial assets.

City of Dreams operator’s profit falls as tourist arrivals decline 31% profit decline in...

EARNINGS of Belle Corp., the listed operator of City of Dreams Manila, dropped by 31% in the first quarter as tourist arrivals fell due to the Taal eruption and the onset of the coronavirus disease 2019 (COVID-19) pandemic.

Megawide Q1 earnings up on robust construction, landport businesses

EARNINGS of Megawide Construction Corp. climbed 3% in the first quarter as its construction and landport segments generated strong revenues.