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SEC says rules on virtual currency exchanges, ICOs out within 1st...

THE Securities and Exchange Commission (SEC) is confident it can come out with rules on virtual currency exchanges (VCE) and initial coin offerings (ICO) within the first half of the year, as it looks to regulate the new ways of raising funds.

Bourse operator amends short-selling guidelines

THE Philippine Stock Exchange, Inc. (PSE) has amended the guidelines for short-selling transactions on Wednesday, clarifying that short- selling orders will not be allowed during the market’s pre-open and pre-close phase.

PSEi edges lower on lingering growth concerns

THE MAIN INDEX edged lower on Wednesday on profit taking amid expectations of slower global economic growth due to the US-China trade war.

PSE index ekes out small gain amid lack of leads

THE MAIN INDEX eked out gains on Tuesday following minimal movement due to a lack of leads.

SEC upholds Calata delisting

THE country’s corporate regulator has upheld the Philippine Stock Exchange’s (PSE) decision to remove agribusiness firm Calata Corp. from the local bourse, due to violations of trading and disclosure rules.

Downloadable forms removed from SEC website

THE Securities and Exchange Commission (SEC) has temporarily removed all downloadable forms on its website due to a cyber threat found over the weekend.

Quintel tapped as US distributor of Filtronic

A SUBSIDIARY of Cirtek Holdings Philippines Corp. (CHPC) has been tapped by London-based electronics manufacturer Filtronic PLC for the distribution of certain antenna products in North America.

PCC clears Cosco deal to sell Liquigaz

COSCO Capital, Inc. has completed its divestment from Liquigaz Philippines Corp., after the Philippine Competition Commission (PCC) approved its sale to Fernwood Holdings, Inc last week.

Shares drop on cautiousness ahead of GDP report

LOCAL EQUITIES tumbled on Monday as investors adopted a wait-and-see mode ahead of the release of 2018 economic growth figures this week.

Clark Global City developer partners with CPG

THE DEVELOPER of Clark Global City has partnered with Century Properties Group, Inc. (CPG) for the development of residential and office buildings in growing business district.

Stock brokerage firm seeks to attract retail investors

PAPA SECURITIES Corp. launched an online trading platform in a bid to attract more retail investors and increase the number of active traders in the local stock market.

Stocks to trade sideways ahead of PHL GDP data

STOCKS may trade sideways in the week ahead with a possible upward bias should economic growth figures come in better than expected.

SM founder Henry Sy, Sr passes away

Henry Sy, Sr., country’s richest man and the founder of the largest chain of shopping malls in the Philippines, passed away on Saturday morning,...

Puregold raises P4.7 billion in private share placement

PUREGOLD Price Club, Inc. raised P4.69 billion through top-up share placement to finance its capital expenditures and potential acquisitions for the year.

D&L renews ISO accreditation for labs

D&L INDUSTRIES, Inc. (DNL) has renewed its international certification for laboratory testing capabilities, which it says are vital for its export business.

SM Prime, Ayala help fuel bourse’s recovery

SHARES bounced back on Thursday as index heavyweights SM Prime Holdings, Inc. (SMPH) and Ayala Corp. (AC) recovered from heavy losses in the previous session.

New REIT rules could be out this semester

THE SECURITIES AND EXCHANGE COMMISSION (SEC) is confident it can issue the planned revised guidelines on real estate investment trusts (REIT) within this semester, a senior SEC official said last week.

SGX to help PSE develop derivative products

THE Philippine Stock Exchange, Inc. (PSE) is teaming up with the Singapore Exchange Ltd. (SGX) to develop listed derivative products that could make the local market more accessible to international investors.

PSE implements real-time broker ownership monitoring

THE local bourse has implemented new measures that will keep it within the prescribed broker ownership limit, in line with the single industry rule under the Securities Regulation Code (SRC).

Shares to move sideways after last week’s rally

STOCKS MAY move sideways in the week ahead as a breather is expected to support the main index’s rally in the coming days.

Dennis Uy-led firm, CNOOC get go-signal for LNG terminal

PHOENIX Petroleum Philippines, Inc. looks to break ground for its liquefied natural gas (LNG) facility with partner China National Offshore Oil Corp. (CNOOC) this year, after securing the energy department’s go-signal.

Generic drugmakers seen to benefit from UHC law

HEALTHCARE providers and generic drugmakers are seen to benefit from the passage of the universal health coverage (UHC) bill in the country, as more Filipinos will now have better access to health services.

Stocks fall as banks take hit from Hanjin default

SHARES fell on the last trading day of the week as investors turned cautious on the banking sector after news of Korean firm Hanjin’s $412-million loan default from five of the country’s largest banks.

AC Health to boost expansion of FamilyDoc clinics

THE health care unit of Ayala Corp. (AC) looks to end the year with more than 80 FamilyDoc clinics, as it continues to be on the lookout for partnerships to expand its existing facilities.

Victorias profit rises 74% in Q1

VICTORIAS Milling Company, Inc. (VMC) grew its attributable profit by 74% in its first quarter ending November 2018, driven by higher sugar prices even as volumes of sugar sold declined.

SEC renews warning against Paysbook

THE Securities and Exchange Commission (SEC) has reiterated its warning to the public against investing in Paysbook E-Commerce System Corp., as it has no license to solicit such investments.

PHL shares climb on strong foreign fund inflows

SHARES CONTINUED their ascent on Thursday, bringing the main index closer to the 8,000 level on hopes of warmer trade relations between the United States and China after their officials’ meeting this week.

Shakey’s to deliver 20 new stores

SHAKEY’S Pizza Asia Ventures, Inc. (SPAVI) plans to open 20 new stores this year, pushing its expansion outside Metro Manila as it sees more opportunities for growth in the provinces.

Metro Ayala Cebu to reopen by mid-2019

METRO RETAIL Stores Group, Inc. (MRSGI) targets to complete the first phase of the rebuilding and recovery program of Metro Ayala Cebu by the middle of 2019, after the mall caught fire in January last year.

PSE: Shariah-compliant listed firms drop to 56

THE NUMBER of listed firms compliant with Islamic principles of finance dropped to 56 as of Dec. 25, according to the Philippine Stock Exchange (PSE).

DoubleDragon partners with Cargill-Jollibee JV

DOUBLEDRAGON Properties Corp. has teamed up with the local unit of multinational firm Cargill for the development of industrial facilities in the country.

Owner of Friday’s Boracay resort sees lower sales in seven months

BOULEVARD Holdings, Inc. (BHI) reported a decrease in sales in the seven months ending December, as operations were still affected by the six-month closure of Boracay.

PSEi surges past 7,900 as US, China wrap up talks

THE MAIN INDEX soared past the 7,900 level on Wednesday, following optimistic views on trade relations between the United States and China alongside the continued flow of foreign funds into the local bourse.

Aboitiz unit hopes to start operating two airports by end-2019

THE infrastructure unit of Aboitiz Equity Ventures, Inc. (AEV) hopes to start operating two regional airports by the end of 2019, including the P42.7-billion Laguindingan Airport in Misamis Oriental.

PAL eyes deal with strategic investor within 1st half

PHILIPPINE Airlines, Inc. (PAL) looks to complete a deal with a strategic investor within the first half of the year, which could help boost its operations as the flag carrier adds new routes to both Asian and North American destinations.

PSE index corrects as investors pocket profits

THE MAIN INDEX corrected on Tuesday as investors chose to take profit while others stayed on the sidelines, waiting for the results of the trade talks between the United States and China.

SEC refines draft rules on initial coin offerings

THE SECURITIES AND EXCHANGE COMMISSION (SEC) has refined its proposed guidelines on initial coin offerings (ICOs) for another round of public consultation in the face of heightened interest in such fund raising.

Jolliville raises rate for property dividends

JOLLIVILLE Holdings Corp. (JOH) has increased the rate of its property dividends consisting of shares in two subsidiaries.

Local stocks climb as US-China trade talks start

LOCAL EQUITIES booked gains on Monday as investors turned upbeat prior to the start of meetings between the United States and China to defuse their ongoing trade war.

Stock index seen reaching 8,400 level this year

PHILSTOCKS FINANCIAL, Inc. sees the local bourse finishing the year within the 7,750 to 8,400 level, on expectations of higher spending due to the election season, improved corporate earnings, sustained economic growth, and lower inflation amid global headwinds.

SEC issues advisory vs Angel Investor Group

THE COUNTRY’S corporate regulator has advised the public against investing in Angel Investor Group, Inc. (AIG), since the company has no license to do so.

Shares may drop as market corrects after surge

SHARES MAY CORRECT in the week ahead on the back of profit taking after the main index hit a high of 7,801.50, while investors also anticipate the release of trade numbers for 2018.

SMIC ‘cautiously optimistic’ this year

SM INVESTMENTS Corp. (SMIC) said it is “cautiously optimistic” on the economy this year, while expecting its businesses to sustain its growth.

TRAL says ongoing dispute with Okada won’t affect tender offer

TIGER RESORT Asia Limited (TRAL) has amended its tender offer report to reflect its ongoing cases with Japanese gaming businessman Kazuo Okada, but noted that this will have no significant impact on the transaction.

PSEi soars on positive sentiment ahead of data

LOCAL STOCKS surged on Thursday as investors continued to buy shares in anticipation of better inflation figures for December.