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Philippines
Tuesday, May 28, 2024

Jenniffer B. Austria

Local stocks decline amid lack of market catalysts

Philippine share prices opened the week in the red, even as most Asian stocks edged higher, to close below the 6,600 level. The 30-company Philippine...

SM Investments bags int’l award for corporate governance initiatives

Conglomerate SM Investments Corp. (SMIC) won recognition for its corporate governance initiatives in the 14th Institutional Investor Corporate Awards. SMIC said in a statement Monday...

PNB to raise $300m from debt market

Philippine National Bank (PNB), the lending arm of tycoon Lucio Tan, is returning to the overseas debt market to raise at least $300 million. The...

First Pacific plans to remain RHI shareholder

Hong Kong-based First Pacific Co. Ltd., which is in talks with businessman Leandro Leviste for possible sale of its controlling stake in Roxas Holdings...

Megaworld to build Batangas golf estate

Megaworld Corp. said over the weekend its integrated tourism and township subsidiary is spending P5 billion over the next 10 years to develop a...

PH stocks seen trading sideways this week

Philippine stocks are expected to trade sideways with a downward bias this week following the hawkish stance by the US Federal Reserve and as...

Filinvest’s crowdfunding unit starts winding down operations

INVESTREE Philippines Inc., a crowdfunding firm owned by Investree Singapore Pte. Ltd. and Filinvest Development Corp. (FDC), is winding down its operations three years...

Stocks decline on negative cues from Wall Street

Philippine stocks ended the week in the red on negative cues from Wall Street. The Philippine Stock Exchange index plummeted by 40.10 points, or 0.60...

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