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