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FEU raises its stake in Edustria

FAR EASTERN University, Inc. (FEU) is increasing its stake in Edustria, Inc. through a P153-million investment.

AbaCore unit sells property in Batangas

A UNIT of AbaCore Capital Holdings, Inc. is selling its Batangas property to cement manufacturer Premiere-Slag International, Inc. for P225.88 million.

Net foreign buying helps fuel last-minute rebound

LOCAL SHARES recovered on Wednesday as investors bought up select names towards the market’s close, with those abroad remaining predominantly bullish for the second straight day.

Axelum warns revenues may dip this year

AXELUM Resources Corp. expects sales volume of coconut water to increase this year, although overall revenues may slump due to lower global prices for coconut oil.

Petron may sell back Limay plant to SMC Global Power unit

PETRON Corp. looks to sell back the 140-megawatt (MW) solid fuel-fired power plant in Bataan it acquired from a unit of SMC Global Power Holdings Corp. three years ago.

Main index declines ahead of ECB, Fed meetings

THE main index snapped its four-day winning streak as investors waited for catalysts, such as policy moves of central banks abroad.

Meralco rates down for fifth month

HOUSEHOLDS in Metro Manila will see lower electricity bills for the fifth straight month in September, according to the Manila Electric Co. (Meralco).

Fruitas targets to raise up to P1.2 billion from IPO

FRUITAS Holdings, Inc. looks to raise up to P1.2 billion from a maiden share sale by December, joining the roster of companies seeking to go public in 2019.

Keppel unit redeems 10M preferred shares

KEPPEL Philippines Properties, Inc. (KPPI) said one of its wholly owned subsidiaries has bought back about half of its redeemable preferred shares for P100 million.

COL Financial establishes new business units

COL Financial Group, Inc. continues to expand its financial services offerings with the establishment of three new business units.

SEC ‘still sorting out’ new REIT rules’ details

THE Securities and Exchange Commission (SEC) remains keen on issuing guidelines on real estate investment trusts (REIT) within the year, amid anticipation from market participants.

Kantar expects shift to digital advertising to happen ‘very quickly’

GLOBAL DATA and consulting firm Kantar expects brands to shift to digital advertising from traditional media channels soon, as consumers become more selective in their purchases.

Shares to move sideways on US-China concerns

SHARES may trade sideways this week as investors remain cautious about the US-China trade war as well as whether the Philippines will meet its economic growth target.

RLC to develop 2 condominiums in Bridgetowne

ROBINSONS Land Corp. (RLC) is developing two residential condominiums that will add about 2,000 residential units to its first township project called Bridgetowne in the cities of Quezon and Pasig.

Tighter disclosure rules for state-owned enterprises pushed

STATE-OWNED enterprises (SOEs) in Asia were found to comply with looser disclosure rules when compared to listed companies, prompting the need for the issuance of tighter regulations and stricter implementation of existing guidelines in each country.

Megaworld keeps top credit rating for fixed-rate bonds

PHILIPPINE Rating Services Corp. (PhilRatings) retained the highest rating for Megaworld Corp.’s P12-billion fixed-rate bonds issued in 2017.

Metro Pacific hospital unit plans P83-B IPO

METRO PACIFIC Hospital Holdings, Inc. (MPHHI) is embarking on an P83.3-billion maiden share sale to expand its hospital network and as part of parent Metro Pacific Investments Corp.’s (MPIC) efforts to sell down assets.

SEC tells listed firms to submit policies on related party transactions

THE SECURITIES and Exchange Commission (SEC) has ordered listed companies to submit their policies on “material” related party transactions (RPT) by Oct. 28, according to a notice posted on its Web site.

MPIC unit bags Dumaguete deal

A WATER unit of Metro Pacific Investments Corp. (MPIC) is partnering with the Dumaguete City Water District (DCWD) to rehabilitate and expand its existing facilities for P1.62 billion.

CHP seeks shareholder approval for capital hike

CEMEX Holdings Philippines, Inc. (CHP) looks to secure shareholder approval to increase its authorized capital stock next month, amid plans to raise up to $250 million through a stock rights offering.

Shares rebound ahead of August inflation report

SHARES bounced back on Wednesday even as investors found no clear catalysts to support their trades.

Local unit of Taiwan electronics firm revives IPO plan

CAL-COMP Technology (Philippines), Inc. has revived its plan to conduct an initial public offering (IPO) in a bid to raise up to P10.68 billion in fresh capital within the year.

RLC to ramp up capital spending in second half

ROBINSONS Land Corp. (RLC) will ramp up its disbursement of capital expenditures (capex) in the second half of 2019, after spending less than half of its budget in the first semester.

PSE index sinks as US-China trade war heats up

THE MAIN INDEX fell on weak sentiment from US market futures due to the escalation in the US-China trade war.

Singapore’s Fraser unloads PHL business for P1.7 billion

SINGAPORE-BASED Fraser Property Ltd. has completely divested from its Philippine operations with the sale of more than P1.7 billion worth of assets in Makati City.

Regulator warns against investing in Brix Ventures

THE Securities and Exchange Commission (SEC) is warning the public against a group operating under the names Brix Gamefowl Breeding, Brix Ventures, Inc., and AB Eugenio Trading, for illegally soliciting investments.

Shares drop as investors pocket gains from rally

LOCAL EQUITIES dropped on the first trading day of September as investors went profit taking amid a lack of catalysts.

DoubleDragon on track to have 100 malls by 2021

DOUBLEDRAGON Properties Corp. said it is on track to have 100 malls under its portfolio by 2021, as it moves to secure all lots for the projects within the year.

AboitizPower’s P12-B fixed-rate bond issue secures top credit rating

LOCAL DEBT watcher Philippine Rating Services Corp. (PhilRatings) assigned the highest credit rating for Aboitiz Power Corp.’s (AboitizPower) fixed-rate bonds worth up to P12 billion.

PSEi to climb on rate cut bets as ghost month ends

LOCAL SHARES may tread higher this week with the end of the Chinese ghost month, alongside likely slower August inflation and another rate cut on the horizon.

DoubleDragon unfazed by POGO crackdown

DoubleDragon Properties Corp. on Friday said its diversified portfolio will help shield the company from adverse effects of the crackdown on the offshore gaming industry.

CPG seeks to convert 3 billion common shares into preferred shares

CENTURY Properties Group, Inc. (CPG) is seeking approval from its shareholders to convert three billion common shares into preferred shares with a par value of 53 centavos each, for future fundraising activities.

PSEi bounces back on trade talk relief

THE main index bounced back to end the month at the 7,900 level, riding on the positive sentiment in Wall Street after China said it will not immediately retaliate against the United States’ tariff increase this Sunday.

McDonald’s operator expects sales boost from NXTGEN stores

GOLDEN Arches Development Corp. (GADC) sees sales improving by 5-7% as it continues to modernize existing stores, with more customers getting used to self-order kiosks and cashless payments.

SLI to conduct follow-on offering

STA. LUCIA Land, Inc. (SLI) is looking to raise up to P8.40 billion from a follow-on offering within the year to finance its capital expenditures.

PSE plans to buy back P532 million worth of shares from...

THE Philippine Stock Exchange, Inc. (PSE) plans to buy back P532.01 million worth of common shares from broker shareholders until September, in a bid to reduce its broker ownership to less than 20%.

Shares climb on window dressing as month ends

LOCAL SHARES rose on Thursday on window dressing ahead of the last trading day of August.

AllHome, Axelum get final green light for IPOs

THE PHILIPPINE STOCK EXCHANGE, Inc. (PSE) has approved the maiden share sale planned by coconut products manufacturer Axelum Resources Corp. and home improvement supplies retailer AllHome Corp.

ATN to supply MPTC with rock aggregates

ATN Holdings, Inc. has signed a deal with Metro Pacific Tollways Corp. (MPTC) for the supply of 250,000 cubic meters (cu.m.) of rock aggregates for five infrastructure projects.

More Pinoys buying meals at convenience stores — Nielsen report

MORE FILIPINO shoppers are choosing to buy meals in convenience stores in response to their fast-paced lifestyles, according to a report by global measurement and data analytics firm Nielsen Holdings.

PSEi rebounds as investors pick up blue chips

THE MAIN INDEX recovered on Wednesday as investors picked up heavyweight stocks oversold in the previous session.

Ayala Land gets top credit rating for P5-B bonds

AYALA LAND, Inc. (ALI) has secured the top rating for its fixed-rate bonds worth P5 billion, according to a local debt watcher.

SEC says Kapa-Community has not applied for secondary license

THE Securities and Exchange Commission (SEC) refuted claims by alleged investment scam Kapa-Community Ministry International that it has filed for a license to solicit investments from the public, noting that its incorporation papers remain suspended.

AboitizLand launches 3rd Ajoya project in Pampanga

ABOITIZLAND, Inc. has launched its third residential project carrying the Ajoya brand in Pampanga, banking on the area’s proximity to New Clark City.

ALI finalizing joint venture for new projects

AYALA LAND, Inc. (ALI) looks to finalize its agreement to develop almost 28,000 hectares of land in the provinces of Aurora and Quezon within the year.