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Tag: Denise A. Valdez

7-Eleven operator to add modern ATMs in stores

PHILIPPINE SEVEN CORP. (PSC), operator of convenience store brand 7-Eleven, is partnering with the local unit of a Japan-based banking institution to mount “innovative” automated teller machines (ATMs) in its stores.

Local stocks end lower as investors pocket gains

LOCAL SHARES ended lower on Monday as local investors turned sellers following last week’s surge in bargain hunters.

SEC urges companies to issue more green bonds

THE corporate regulator wants more companies to issue green and sustainable bonds, where the proceeds will be exclusively applied to eligible environmental and social projects.

Phinma targets listing of education unit

PHINMA Corp. is planning an initial public offering (IPO) of its education unit in two to three years.

SEC warns of Champion investment scheme

THE Securities and Exchange Commission (SEC) continues to flag more fraudulent investment groups for offering securities without obtaining regulatory licenses.

PHL shares to move sideways on easing concerns

PHILIPPINE STOCKS are expected to keep moving sideways this week amid an easing in worries over the novel coronavirus (nCoV) and the start of the release of corporate earnings reports.

ALI applies for PHL’s 1st REIT

AYALA Land, Inc. (ALI) has submitted an application to the Securities and Exchange Commission (SEC) for the country’s maiden real estate investment trust (REIT) offer.

Razon company to conduct tender offer of Manila Water shares

MANILA Water Co., Inc. (MWC) incoming investor Razon-led Prime Metroline Holdings, Inc. is doing a mandatory tender offer of the water company’s shares as part of its acquisition.

Travel ban to slow down POGO’s real estate demand

IN A briefing in Makati City yesterday, the real estate consultancy services firm Colliers International Philippines said travel restrictions on China due to the novel coronavirus may lead to a shrinking of the Philippine Offshore Gaming Operators (POGOs) sector and a resultant increase in vacancy rates, especially in the Bay Area.

Jose Mari Banzon appointed president of SMDC

SM Prime Holdings, Inc. has appointed Jose Mari H. Banzon as the new president of its residential property business SM Development Corp. (SMDC).

PSEi closes flat as BSP cuts key rates

THE MAIN INDEX maintained its 7,500 support level at the close of the trading week amid a flat turnout after Friday’s session.

SMC secures $3-B debt program

SAN MIGUEL Corp. (SMC) has secured the registration for its $3-billion (about P152.22 billion) bond program that will finance its infrastructure projects and refinance existing obligations.

Davao medical group seeks nod on P1-B listing

TAGUM Global Medical Center, Inc. (TGMC) has filed an application with the country’s corporate regulator to conduct a P1-billion initial public offering (IPO).

Filinvest registers P15-B bonds

FILINVEST Development Corp. (FDC) has submitted its registration statement with the Securities and Exchange Commission (SEC) for its planned offer of up to P15-billion fixed-rate bonds.

8990 and Megawide start Cubao residential project

8990 Holdings, Inc. and Megawide Construction Corp. have broken ground Urban Deca Tower Cubao in Quezon City yesterday, a project the mass housing developer expects will rake in P10 billion in sales.

PSE index rises to 7,500 level on firms’ earnings

THE MAIN INDEX continued to gain ground on Thursday to break into the 7,500 level and recover following more than a week of decline.

Phinma targets more schools as it maps global expansion

THE education unit of Phinma Corp. is expanding its global footprint with a plan to acquire more schools in the country and enter new territories abroad.

Tender offer of Pepsi-Cola shares discontinued

THE tender offer of shares in Pepsi-Cola Products Philippines, Inc. (PCPPI) in relation to its acquisition by Lotte Chilsung Beverage Co., Ltd. has been discontinued due to noncompliance with the Securities Regulation Code.

RFM earnings up 10%

EARNINGS of RFM Corp. in 2019 grew 10% to P1.22 billion, buoyed by a 9% increase in revenues to P15 billion.

SMC secures top rating for P60-B debt

SAN MIGUEL Corp. (SMC) has been assigned the highest credit rating by a local debt watcher for its planned shelf registration of P60 billion commercial papers.

Shares climb further as global markets rebound

PHILIPPINE SHARES sustained their climb on Wednesday as the rest of global equities kept improving after taking blows from concerns over the novel coronavirus.

JFC joins companies halting China business

LOCAL companies with operations in mainland China are closing shop amid the novel coronavirus scare, as the epidemic push the death count and confirmed cases higher by the day.

PSE proposes tender offer for involuntary delisting

THE Philippine Stock Exchange, Inc. (PSE) is seeking an amendment of rules for companies that will be involuntarily delisted from the local bourse, where a tender offer may be required to protect investors.

SEC flags more illegal businesses

THE Securities and Exchange Commission (SEC) is revoking the registration of Togachat Academy Philippines, Inc. after finding it is operating an illegal investment scheme.

Boulevard Holdings swings to profitability

BOULEVARD Holdings, Inc. (BHI) has swung to a net profit in the first quarter of its fiscal year ending August 2019 after recording a surge in revenues.

PHL stocks snap losing streak on bargain hunting

LOCAL SHARES were able to recover on Tuesday after six straight days of decline due to bargain hunters taking center stage.

Billionaire Razon buys 25% stake in Manila Water

PHILIPPINE billionaire Enrique K. Razon, Jr. will buy a 25% stake in Ayala Corp. unit Manila Water Co., Inc. amid a government review of allegedly onerous water contracts.

8990 Holdings forecasts year’s revenues to hit P20 billion

8990 Holdings, Inc. is expecting to record revenues of about P20 billion for 2020, driven by the partial opening of its Urban Deca Homes Ortigas project by year’s end.

Fruitas buys soybean products store and rice-meal operator

FRUITAS Holdings, Inc. is acquiring a soybean product company and the store assets of a Filipino food stall firm as part of expanding its business, it told the stock exchange on Monday.

Cebu Landmasters posts 31% reservation sales rise

CEBU Landmasters, Inc. (CLI) reported its reservation sales in 2019 jumped 31% to P12.67 billion, driven by higher demand in its key projects across the country.

More Lamudi users looking to purchase property

THE property market last year was dominated by those looking to buy more than those looking to rent, online property marketplace Lamudi said.

Century Pacific buys more shares in Shakey’s

CENTURY Pacific Group, Inc. is increasing its stake in Shakey’s Pizza Asia Ventures, Inc. (SPAVI) with the acquisition of common shares from the open market.

PSEi sinks to 7,100 level on increasing concern

THE MAIN INDEX sank to the 7,100 level on Monday as it continued to take a hit from the novel coronavirus scare.

SEC lifts investor warning vs DV Boer

THE Securities and Exchange Commission (SEC) has lifted its investor warning against DV Boer Farm International Corp. after it agreed on the company’s P3.015-million settlement offer.

Shares may move sideways as virus fears persist

PHILIPPINE SHARES may continue moving sideways this week as the novel coronavirus (nCoV) outbreak continues to scare investors into the sidelines.

SEC flags schemes targeting public servants, OFWs

THE Securities and Exchange Commission (SEC) has flagged two groups operating an illegal investment scheme targeted to teachers, military, police and overseas Filipino workers (OFWs).

Ayalas’ IMI unit suspends operations in China

AYALA-LED Integrated Micro-Electronics, Inc. (IMI) has suspended operations at its facilities in China due to the novel coronavirus outbreak hounding the country.

TransPhil targets up to P800M in townhouse projects

BOUTIQUE property developer TransPhil Real Estate (TransPhil) is bullish in the potential of townhouse projects in Metro Manila with a target of raising P600-800 million from eight new properties within the year.

Global Ferronickel downplays impact of China virus

GLOBAL Ferronickel Holdings, Inc. believes its business deals with China would not be affected by the coronavirus outbreak as its shipments of nickel ore have not begun.

PSE index drops to 7,300 level as virus spreads

THE MAIN INDEX fell to the 7,300 level on its fourth consecutive day of decline on Thursday as investor worries on the novel coronavirus continued to drag the local market.

SEC warns public about more illegal and unlicensed investment companies

THE Securities and Exchange Commission (SEC) has issued warnings to the public against investing in BitThroughCash/Bit2Cash Trading, Inc. and agriculture groups AVP88 Coturnix Egg Farm and AVP88 Trading, Inc.

Cemex raises nearly P13 billion in stock rights offer

CEMEX Holdings Philippines, Inc. (Cemex) has completed its stock rights offering (SRO) last week and raised P12.77 billion from selling 8.29 billion common shares.

Arthaland raises P3 billion in green bond offer

THE maiden offering of ASEAN green bonds by niche property developer Arthaland Corp. has been oversubscribed to reach P3 billion.

Stocks extend losing streak on coronavirus fears

LOCAL SHARES continued to slip on Wednesday as the novel coronavirus continue to kill and infect more people across the globe.

Dwarfed Philippine stock market eyes more volume amid stumbling blocks

THREE of the four companies that went public and raised almost P20 billion last year did so in the last quarter, suggesting that the local capital market is maturing, according to the corporate regulator.