Home Tags Denise A. Valdez

Tag: Denise A. Valdez

8990 to sell P2.4-B receivables

MASS housing developer 8990 Holdings, Inc. is looking to sell around P2.4-billion worth of contract-to-sell (CTS) receivables, a local debt watcher said.

Implementing rules on real estate investment trust ready for signing

THE government is set to sign today the amendments to the implementing rules and regulations (IRR) of the Real Estate Investment Trust (REIT) Act, which is expected to draw up REIT registrations from listed property firms.

Megaworld adding more office spaces in Iloilo’s business park

MEGAWORLD Corp. is building two new office towers in the Iloilo Business Park to expand its office portfolio in the urbanized city in Visayas.

Brokers, dealers told to register with AMLC

THE Securities and Exchange Commission (SEC) is reminding its covered persons that have not registered with the Anti-Money Laundering Council (AMLC) to start doing so.

Shares to trade sideways ahead of Q4 GDP data

TRADING at the stock market is seen to stay quiet until the government’s scheduled release of its gross domestic product (GDP) report this week.

Property owners count risks as Taal Volcano keeps rumbling

FIVE YEARS AGO, Jack, a 71-year-old retired physician, bought a two-story house worth P11 million in the upland town of Alfonso in Cavite province, 16 kilometers away from one of the world’s smallest and active volcanoes -- Taal Volcano.

Cavite, Laguna, Batangas seen to grow further

INDUSTRIAL activities in the areas of Cavite, Laguna and Batangas are seen to rise in the next two years, driven by improved connectivity and the growing commercial landscape in the south, real estate services firm Colliers Philippines said.

Arthaland fined for not updating website

ARTHALAND Corp. said it has paid the Securities and Exchange Commission (SEC) P130,000 for failing to comply with its website template guidelines.

Higher expenses weigh down FEU net earnings

FAR Eastern University, Inc. (FEU) posted slightly lower earnings at P460.98 million in the second quarter on the back of higher expenses and a slow growth in revenues.

Shares extend decline following US-China deal

PHILIPPINE STOCKS continued to decline on Thursday as investors chose to flock to Wall Street amid lingering concerns following the signing of the phase one trade deal between United States and China.

Pepsi-Cola prompts antitrust body of Lotte acquisition offer

PEPSI-COLA Products Philippines, Inc. (PCPPI) has notified the Philippine Competition Commission (PCC) regarding the plan of majority shareholder Lotte Chilsung Beverage Co. Ltd. to increase its stake in the company.

PSE fines electronics holding firm for disclosure violations

CIRTEK Holdings Philippines Corp. has been fined by the Philippine Stock Exchange, Inc. (PSE) for violations of its disclosure rules and doing transactions during black-out period.

PSE index sinks to 7,600 level on US-China talks

PHILIPPINE SHARES joined their regional peers in an upsetting trading close on Wednesday as investors reacted to news that US tariffs on Chinese goods will remain despite the signing of the phase one trade deal.

Fiscal policy easing to lift main stock index in 2020, says...

FIRST METRO Investment Corp. (FMIC) is projecting the main index of the Philippine Stock Exchange (PSE) to reach up to 8,600-8,900 in 2020, driven by the easing of fiscal policies and regulatory reforms this year.

Megaworld expands in Cebu with launch of residential condo

MEGAWORLD CORP. is expanding its footprint in Cebu with the launching of a new residential development in its 30-hectare The Mactan Newtown in Lapu-Lapu City.

FDC secures top credit rating

FILINVEST Development Corp. (FDC) has been given the top credit rating by a local debt watcher for its planned P15-billion bond issuance.

Villar not endorsing any cryptocurrency business

VISTA LAND and Lifescapes, Inc. (VLL) clarified on Tuesday that its chairman Manuel B. Villar, Jr. is not endorsing any cryptocurrency business.

PSEi picks up on bargain hunting as trade resumes

LOCAL SHARES opened the trading week slightly higher as bargain hunters emerged upon the resumption of business operations in the country on Tuesday.

Ayala group in relief efforts after Taal eruption

THE Ayala group has mobilized its units to assist local governments in relief operations for the affected communities by the Taal volcano eruption.

DMCI, RLC team up for Las Piñas condo

CONSUNJI-LED DMCI Homes and Gokongwei-led Robinsons Land Corp. are teaming up for a three-building condominium project in Las Piñas City.

PHL stocks to take cues from US-China trade talks

THE RESUMPTION of trading today is seen to take cues from the slated signing of the US-China phase one deal tomorrow, as investors around the world keep a close watch on any development between the two countries’ attempt to end their two-year trade war.

Arthaland readies P3-billion green bonds by month’s end

ARTHALAND Corp. is targeting the issuance of its P3-billion Association of Southeast Asian Nations (ASEAN) green bonds before the end of January.

Century Properties keen on REIT launch

CENTURY Properties Group, Inc. (CPG) said it is “very interested” to launch real estate investment trusts (REITs) once the government finalizes its rules on the real estate investment platform.

Shares to rise on signing of US-China trade deal

THE MAIN INDEX is seen to be buoyed by global events in the coming week as eyes are focused on the scheduled signing of the Sino-US trade deal on Wednesday.

FDC eyes up to P15B via fixed-rate bonds

FILINVEST Development Corp. (FDC) is planning to raise up to P15 billion through the issuance of fixed-rate retail bonds.

CPG aims to double commercial leasing portfolio

CENTURY Properties Group, Inc. (CPG) is targeting to more than double its commercial leasing portfolio this year.

AEV raises $400M from dollar-denominated bond offering

ABOITIZ Equity Ventures, Inc. (AEV) was able to raise $400 million from its maiden dollar-denominated bond offering, it told the stock exchange Friday.

Stocks close lower as investors await US-China trade deal

THE main index ended lower at the close of the week as investors decided to hold off in anticipation of the signing of the trade pact between United States and China next week.

DoJ files criminal case vs Kapa leaders for illegal securities sale

THE Securities and Exchange Commission (SEC) said criminal charges had been filed against Kapa-Community Ministry International (KAPA) and its officers for the illegal sale of securities.

SM Prime seeks to raise P100 billion from fixed rate bond...

SM Prime Holdings, Inc. has applied for the shelf registration of P100-billion debt securities with the Securities and Exchange Commission (SEC).

Jollibee turns to dollar bond market to pay for Coffee Bean

JOLLIBEE Foods Corp. (JFC) is looking at tapping the dollar bond market for the issuance of senior perpetual securities, the proceeds of which it will be used to partly pay for its acquisition of Coffee Bean & Tea Leaf (CBTL).

Shari’ah-compliant firms increase, says PSE

THE Philippine Stock Exchange, Inc. (PSE) reported the number of listed firms compliant with Islamic principles of finance stood at 48 for the period ending Dec. 2019, up from 45 in the previous quarter.

PHL shares end higher as US-Iran tensions ease

LOCAL SHARES kept fluctuating on Thursday, bouncing back to record a gain yesterday as investor concerns on the US-Iran friction eased.

Duterte’s water rants baffle, spook investors

A SHAREHOLDER of Maynilad Water Services, Inc. was at a loss as to what prompted President Rodrigo R. Duterte to resume his attacks on Metro Manila’s water concessionaires, after the company last year expressed its willingness to discuss new contract terms with the government.

Arthaland targets to complete P60-B projects in two years

ARTHALAND Corp. is eyeing to complete P60-billion worth of projects within the next two years as it fills its pipeline with new development projects in Makati City, Cebu City and Biñan, Laguna.

Filinvest completes Cebu property purchase

A consortium led by Filinvest Land, Inc. (FLI) has completed buying a 19.2-hectare property in South Road Properties (SRP) in Cebu City yesterday, which it plans to develop into a mixed-use development project.

Megaworld unit expects P1.4-B sales from Tanza project

MEGAWORLD CORP. subsidiary Global-Estate Resorts, Inc. (GERI) recently launched a 17-hectare residential project in its Arden Botanical Estate in Tanza, Cavite, where it expects to raise P1.4 billion in sales from the project’s first phase.

Main index drops as US-Iran tensions escalate

THE MAIN INDEX returned to red territory on Wednesday after investors shied away from the market due to increasing tensions between the United States and Iran.

Coco product maker Axelum expects P5.5-billion revenue

COCONUT product manufacturer Axelum Resources Corp. is estimating its 2019 revenues to hit about P5.5 billion and projecting its 2020 top line to grow double digits.

Astoria Hotels allots P650M for Palawan unit

THE Palawan unit of Astoria Hotels & Resorts (AHR) is investing P650 million to expand its operations to address the growing demand from Puerto Princesa tourists.

DA authorizes red onion imports until Feb.

THE Department of Agriculture (DA) said it issued import clearances for red onions to address the inadequate domestic supply.

Local stocks post year’s first rise

THE Philippines’ main index showed its first climb after three days on Friday as investors took cues on the mild improvement in the Philippines’ factory output for December.

Stocks, peso drop on 1st trading day of 2020

THE Philippine Stock Exchange index (PSEi) started the year on a dour note as the benchmark index slipped, while the peso weakened against the US dollar on the first trading day of 2020.

Regulator OK’s CMIC rules on SBL, short selling

THE Securities and Exchange Commission (SEC) approved the guidelines prepared by the Capital Markets Integrity Corp. (CMIC) on securities borrowing and lending (SBL) and short selling.

PhilWeb’s Valdes moves to another Ongpin firm

DENNIS O. VALDES is leaving his posts as president and director at PhilWeb Corp. to take the helm at Ongpin-led Alphaland Corp.