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GT Capital net income up 54%

EARNINGS of GT Capital Holdings, Inc. (GT Capital) surged 54% to P20.31 billion in 2019, driven mostly by gains from the redemption of its shares in real estate subsidiary Property Company of Friends, Inc. (PCFI).

SEC to firms: use digital platform

THE SECURITIES and Exchange Commission (SEC) is encouraging the public to make use of its digital platform for corporate registration while its physical office is closed due to the Luzon quarantine.

Sy group allots P170M to fight virus

THE SM GROUP is increasing its donations to more than P170 million to aid the country in fighting the spread of the coronavirus disease 2019 (COVID-19).

PSEi rebounds on China data, Trump comments

LOCAL SHARES bounced back yesterday as investors gained confidence from positive developments in China and the United States.

Metro Pacific forms COVID-19 crisis team

THE HOSPITAL unit of Metro Pacific Investments Corp. (MPIC) has stepped up its response to the pandemic by forming a crisis team and designating one of its hospitals as a referral facility for those positive of the deadly virus.

Xurpas halts Singapore subsidiary’s operations

XURPAS, INC. is suspending the operations of a Singapore-based subsidiary due to the coronavirus disease 2019 (COVID-19) pandemic, and is divesting a majority stake in its cryptocurrency money transfer subsidiary.

Microstudio developer waives minimum lease requirement

MICROSTUDIO DEVELOPER Point Blue is waiving its minimum lease requirements to help those in need of a place to stay while Luzon is under quarantine.

Suntrust extends share subscription with Fortune Noble

SUNTRUST Home Developers, Inc. is extending the period for concluding the share subscription of Fortune Noble Ltd. in the company and the fundraising period for its hotel casino project in Parañaque City.

Stocks drop on worries of recession due to virus

PHILIPPINE SHARES declined yesterday on mounting worries of a recession due to the coronavirus disease 2019 (COVID-19) pandemic.

SEC shuts down Payasian

THE SECURITIES and Exchange Commission (SEC) has ordered the shut down of cryptocurrency investment operator Payasian Pte. Ltd. Corp. for supposedly running the Paya platform without a license.

PSE eases rules for trading firms’ work suspension

THE PHILIPPINE Stock Exchange, Inc. (PSE) is simplifying rules for trading participants that wish to suspend operations while Luzon is under quarantine.

D&L Industries sets aside P100M aid in response to virus

D&L INDUSTRIES, Inc. is allocating P100 million to give out as financial assistance to employees and donations to institutions combating the spread of the coronavirus disease 2019 (COVID-19).

PHL shares to remain volatile amid virus fears

SHARES are expected to remain volatile this week, with investors still reacting to developments regarding the coronavirus disease 2019 (COVID-19) pandemic.

SEC accepts electronic signature, unnotarized corporate filing

THE Securities and Exchange Commission (SEC) will now accept corporate filings with electronic signatures and are unnotarized sent through e-mail while Luzon is on lockdown.

Suntrust shareholders approve lease for hotel casino

SUNTRUST Home Developers, Inc. said stockholders have approved a recently signed lease agreement for its planned hotel casino in Parañaque City.

Index posts biggest one-day rise in over a decade

THE PHILIPPINE Stock Exchange index (PSEi) saw its biggest one-day jump in almost 13 years yesterday, driven by improved investor confidence over the government’s efforts to support the economy amid the coronavirus disease 2019 (COVID-19) pandemic.

SM Prime issues P15-B bonds

SM PRIME Holdings, Inc. has issued P15-billion fixed-rate bonds from its shelf registration of P100-billion securities.

SEC warns versus ‘Narcfunds’ scheme

THE country’s corporate regulator is warning the public against investing in a group called Narcfunds/Narcsfund, which it said is operating without a license.

ISM changes name to DITO

ISM COMMUNICATIONS Corp. has officially changed its name to DITO CME Holdings Corp.

PSEi returns to 5,000 level on BSP’s RRR cut

THE MAIN INDEX broke into the 5,000 level on Wednesday as investors celebrate the central bank’s reserve ratio cut, which is seen to help address the economic impact of the coronavirus disease 2019 (COVID-19) pandemic.

Cirtek remains open, receives more orders

ELECTRONICS manufacturer Cirtek Holdings Philippines Corp. said it is receiving more orders at present as it maintained operations while Luzon is on lockdown.

Eagle Cement profit up 25% to P6 billion

EAGLE Cement Corp. reported a 25% growth in its 2019 earnings, attributed to the full-year operation of its new production line in Bulacan.

Shares rebound on Fed, BSP stimulus measures

LOCAL SHARES gained some momentum yesterday as investors reacted to news of monetary easing measures in the Philippines and United States.

SEC asks finance firms to offer borrower relief

THE Securities and Exchange Commission (SEC) is appealing to financing and lending companies to relax their requirements for borrowers while Luzon is under quarantine.

Yuchengco firms say jobs secure

THE Yuchengco Group of Companies (YGC) is assuring its employees that they will not lose their jobs and their salaries while Luzon is under enhanced community quarantine.

SEC tells firms to secure work pass for employees

THE Securities and Exchange Commission (SEC) is asking capital markets institutions to fix employee requirements to be exempted from the Luzon-wide quarantine.

PSE index ends lower on selling due to virus fears

THE MAIN INDEX closed lower on Monday as most investors opted to sell due to fears amid the coronavirus disease 2019 (COVID-19) pandemic.

Nationwide round-up

THE LEADERS of Kapa-Community Ministry International (KAPA) are facing a new arrest warrant, this time from the regional trial court (RTC) of Cagayan de Oro City on charges that are non-bailable.

PSE trading threshold adjusted to curb volatility

THE Philippine Stock Exchange, Inc. (PSE) is adjusting its trading threshold to reduce market volatility amid the coronavirus disease 2019 (COVID-19) pandemic.

D&L raw materials output goes on

LISTED manufacturer D&L Industries, Inc. said it continues to produce raw materials used in food and sanitation products to help provide the public’s needs amid the coronavirus disease 2019 (COVID-19) pandemic.

Shares may drop further as coronavirus spreads

LOCAL SHARES are expected to decline further this week as the country continues its efforts to stop the spread of the coronavirus disease 2019 (COVID-19).

Aboitiz firms expand customer aid during lockdown

THE Aboitiz Group is expanding its assistance to customers during the Luzon lockdown through payment extension, waived rental fees and sustained operations for basic necessities.

SMC defers issuance of P60-B commercial papers

SAN MIGUEL Corp. (SMC) is delaying the issuance of P60 billion worth of commercial papers, as Luzon is under enhanced community quarantine until mid-April due to the coronavirus disease (COVID-19) outbreak.

Top PHL firms to support workers during lockdown

By Denise A. Valdez, Reporter MORE listed companies are allocating emergency funds to support their workers during the month-long Luzon lockdown. Jollibee Foods Corp. (JFC), the...

SEC releases rules on GIS filing during lockdown

THE Securities and Exchange Commission (SEC) is allowing corporations to submit their general information sheets (GIS) via different methods while Luzon is under quarantine.

US investment firm raises stake in DoubleDragon

UNITED STATES-based investment firm The Capital Group Companies, Inc. is increasing its stake in DoubleDragon Properties Corp. to 5%.

Holcim, Cemex temporarily suspend production

SOME cement manufacturers are suspending work at their facilities as coronavirus disease 2019 (COVID-19) outbreak.

Stocks rise in volatile session

STOCKS climbed on Friday after the massive sell-offs in the previous day.

Stocks in free fall, erasing P1.16 trillion in market value

THE Philippine Stock Exchange index (PSEi) plunged by a record 13.34% on Thursday, erasing P1.16 trillion in market value.

Regulator makes it easier for companies to request extension of filing...

THE Securities and Exchange Commission (SEC) is further easing its requirements for companies that are seeking an extension of the deadline for filing of 2019 annual reports and audited financial statements.

Ayalas’ IMI on ‘partial’ shutdown

AYALA-LED Integrated Micro-Electronics, Inc. (IMI) is suspending work at some of its facilities in Luzon due to the government’s month-long lockdown to contain the spread of the new coronavirus.

SBS founder, chairman Sytengco dies

NECISTO U. Sytengco, founder and chairman of chemical trading company SBS Philippines Corp., had passed away.

LT Group earnings hit post-listing record

LT GROUP, Inc. reported record earnings of P23.12 billion in 2019, the highest since its re-initial public offering seven years ago.

Shares plummet as trading resumes after halt

LOCAL SHARES crashed to historic lows yesterday as the market recorded heavy sell-offs as it reopened after a two-day shutdown.

Traders expect stocks to slide as market opens

THE local market is set to come back today after a two-day shut down, and traders anticipate it to stay on the decline.