Arthaland seeks SEC approval for issuance of P6-B green bonds
ARTHALAND Corp. has formally filed its application with the Securities and Exchange Commission (SEC) to issue P6-billion fixed-rate bonds, of which P3 billion will be Association of Southeast Asian Nations (ASEAN) green bonds.
Businessman Yu increases stake in Pacifica
THE Cebu-based holding firm of businessman Lowell L. Yu has increased its stake in Pacifica, Inc. to become the majority owner of the listed shell company.
How PSEi member stocks performed — November 27, 2019
Here’s a quick glance at how PSEi stocks fared on Wednesday, November 27, 2019.
The Medical City chairman to appeal SEC decision
THE Medical City (TMC) Chairman Jose Xavier B. Gonzales will appeal the ruling of the Securities and Exchange Commission (SEC) which slapped a fine of at least P50.25 million on the hospital’s majority shareholders in relation to its ownership transfer.
FPH sells part of stake in MHE-Demag for P85M
FIRST Philippine Holdings Corp. (FPH) has divested a quarter of its stake in MHE-Demag (P), Inc. to its co-shareholder in Singapore.
Duterte taps more companies as he reboots Philippine infrastructure program
WHEN Philippine President Rodrigo Duterte took office in 2016, he promised $165 billion in spending to “build, build, build” roads and railways in the Southeast Asian nation.
20-40% salary rise seen for job movers in 2020
PROFESSIONALS who are planning to switch jobs in 2020 can expect to get a 20-40% increase in their salaries, according to London-based recruitment consultancy firm Robert Walters.
Korea’s Zishel Group enters Philippine market
DAVAO CITY — The South Korean Zishel Group is entering the Philippine market, starting in Davao City with the launch on Tuesday of its cosmetic and medical lines.
Taiwanese firm launches $1M-gold processing facility in Camarines Norte
XIN YE Precious Metal Technology Co. Ltd. on Monday launched its first $1-million gold processing facility in Jose Panganiban, Camarines Norte.
Grab PHL says it did not overcharge riders; any increase was ‘within fare matrix’
GRAB Philippines on Tuesday said there is no basis for Puwersa ng Bayaning Atleta (PBA Partylist) Rep. Jericho B. Nograles’ assertion that it “should be liable for P15 billion worth of fines” for overcharging customers.
How PSEi member stocks performed — November 26, 2019
Here’s a quick glance at how PSEi stocks fared on Tuesday, November 26, 2019.
PSEi to hit 9000 level in 2020
BPI Securities Corp. is projecting the Philippine Stock Exchange index (PSEi) to reach 9,000 in 2020, driven by the faster growth of the economy, particularly the banking, property and consumer sectors.