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COCONUT PRODUCTS manufacturer Axelum Resources Corp. and home improvement retailer AllHome Corp. are one step closer to launching their market debuts after securing clearance from the Securities and Exchange Commission for their initial public offering (IPO).
SHARES recovered on Monday as investors bought shares at the close, even as market sentiment remained cautious due to tensions abroad.
FITCH Ratings expects the two major telco companies in the Philippines to book mid to high single-digit revenue growth for full year 2019, amid stabilizing competition between the two players.
MEGAWORLD Corp. is aiming to generate P12 billion in sales from three residential towers in its Arcovia City township in Pasig City.
FILINVEST Development Corp. (FDC) saw a slight decline in its attributable profit for the second quarter, as higher costs outpaced the single-digit increase in revenues.
COSCO Capital, Inc. registered a 273% increase in attributable profit for the first half of 2019, boosted by sale of its liquefied petroleum gas (LPG) business.
CENTURY Properties Group, Inc. (CPG) saw its attributable profit surge by 108% in the second quarter of 2019, driven by higher contribution from its affordable housing segment.
LT GROUP, Inc.’s (LTG) attributable profit rose by 3% in the first half of 2019, driven by higher earnings from its tobacco business.
MEGAWORLD Corp. will be issuing P10.376 billion worth of shares to existing investors, it told the stock exchange Tuesday.
THE Securities And Exchange Commission (SEC) has tweaked its plan to increase listed firms’ minimum public ownership (MPO) by raising the range while allowing them to propose their own timetable to hit the steeper requirement by a government deadline.
PROPERTY developers remain optimistic about demand for office space despite China’s crackdown on Philippine offshore gaming operators (POGOs), citing limited exposure to such tenants.
KEPWEALTH Property Phils, Inc. (KPPI) raised P384.77 million during its initial public offering (IPO), after its offer period ended last Friday.
BLOOMBERRY Resorts Corp. grew its attributable profit by half in the second quarter, thanks to a rise in gaming revenues from the high roller segment.
CHINA signaled a crackdown on cross-border gambling after alleging that many its nationals working in the Philippine offshore gaming industry were recruited illegally.
LISTED chemicals and plastics manufacturer D&L Industries, Inc. (DNL) may book a two percent decline in earnings for full year 2019, following a slowdown in sales volume seen during the first semester.