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Duterte tax reform spells stimulus for retailers

2017-10-11 bworldonline
MAU Dizon, a marketing officer in one of the largest Philippine banks, is among millions of Filipino taxpayers who stand to benefit from President Rodrigo R. Duterte’s tax reform plan that aims to return to consumers P860 billion ($17 billion) over five years. (9-0)

Duterte’s US$17b tax changes spell stimulus for retailers

2017-10-11 themalaymailonline
Employees load up shopping carts at a supermarket in Paranaque city, Manila October 31, 2016. — Reuters picMANILA, Oct 11 — Mau Dizon, a marketing officer in one of the largest Philippine banks, is among millions of Filipino taxpayers who stand to benefit from President Rodrigo Duterte’s tax reform plan that aims to return to consumers 860 billion pesos (US$17 billion or RM70.9 billion) over five years. (9-0)

SM opens 1st mall in Cagayan Valley

2017-10-10 bworldonline
SM PRIME Holdings, Inc. is set to open its first mall in the Cagayan Valley region on Thursday, completing its target of adding five shopping malls to its portfolio for 2017. (11-0)

Bourse notches fresh straight peak

2017-09-18 bworldonline
THE PHILIPPINE Stock Exchange index (PSEi) rocketed to another record high on Monday, stopping less than six points short of the 8,300 mark as investors continued to ride optimism over the economy’s growth prospects and strength of the bourse’s counterparts abroad.

COL nets P100M

COL founder and chair Edward Lee (center) with COL vice chair Alexander Yu (left) and president Conrado Bate (right).

Japan’s Daiwa acquires 14.9% stake in COL Financial

2017-04-24 philstar
MANILA, Philippines -  Daiwa Securities Group Inc., Japan’s second largest brokerage company after Nomura Securities, has acquired a 14.9-percent stake in businessman Edward Lee’s COL Financial Group Inc., the top online brokerage company in the country.

Daiwa pays P1.32B for 14.9% of COL

Japanese investment house Daiwa has paid P1.32 billion for a 14.9 percent stake in the country’s leading online stock brokerage COL Financial Group Inc.

Philippines falls most in three months; Singapore up

2017-03-10 theedgemarkets
(March 10): Philippine shares fell 2% on Friday in their steepest drop in three months, dragged down by industrials, while Singapore climbed 0.5% on the back of gains in real-estate stocks, after the city-state lowered stamp duties on sale of residential properties.

BusinessWorld to hold stock market roundtable forum

2017-01-28 philstar
MANILA, Philippines - Capitalizing on its brand of reliable business reportage and commentary, BusinessWorld will put together a panel of renowned stock market professionals on Feb. 7 at the New World Hotel in Makati to discuss investing opportunities in 2017.

Indonesia, Philippines gain; Singapore falls in choppy trade

2016-11-16 theedgemarkets
(Nov 16): Indonesian and Philippine stocks rose on Wednesday, snapping three sessions of losses, while Singapore pared early gains to close marginally lower.    Energy shares, boosted by an overnight rally in oil prices, led gains in three of the six markets in Southeast Asia.

Indonesia, Philippines lead gains on overnight oil rally

2016-11-16 theedgemarkets
(Nov 16): Indonesian shares led the gains across Southeast Asian stock markets on Wednesday, as an overnight rally in oil prices aided sentiment, while Philippines stocks snapped three sessions of losses, amid strong economic growth outlook. 

Asia's Trump Tower builders are getting an extra boost

2016-11-11 theedgemarkets
SINGAPORE (Nov 11): Some investors are speculating the Trump name carries a premium for certain Southeast Asian developers.

Asia's Trump Tower Builders Are Getting an Extra Boost - Bloomberg

2016-11-10 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Painted red by Trump triumph

2016-11-09 theedgemarkets
BENGALURU (Nov 9): Southeast Asian stock markets plunged on Wednesday, after Republican Donald Trump's shock victory in the U.S. presidential election, with Philippines dipping to its lowest since May 10, when Rodrigo Duterte was elected president.   Stocks across the world dived in disbelief over Trump's win, that many reckon could trigger global political disorder.    Most polls had predicted that rival Democrat Hillary Clinton would win.

San Miguel pulls out of telco industry in $1.5-B deal with giants

2016-05-30 bworldonline
The deal also follows hard on the heels of president-elect Rodrigo R. Duterte’s warning that he may ease rules on foreign ownership of firms to stoke one of Asia’s fastest-growing economies, plagued by chronically slow web speeds. But it also cements the grip of a pair that effectively control all of a market worth about $6 billion by annual revenue, raising the bar for potential new entrants. Under terms of the deal, PLDT and Globe will acquire a 700 Mhz spectrum network from San Miguel -- prized for its wider reach and compatibility with 4G telecoms services -- and said they will return certain other radio frequencies to the government, allowing for a new competitor to begin operations.

COL Financial to boost client base

2016-03-31 philstar
MANILA, Philippines - Leading online stockbrokerage firm COL Financial Group Inc. plans to boost its client base by 25 percent this year in a bid to improve its profitability.

Stocks poised for major but temporary recovery

2016-01-25 bworldonline
THE WEAKNESS of the Philippine stock market may persist throughout the first half of the year, but it may be about to enter a period of a wider yet temporary rebound that may provide investors the opportunity to lock in gains, online brokerage COL Financial Group, Inc. said yesterday.

Japan’s MUFG to buy $773M stake in Security Bank

  By Cecilia Yap and Norman P. Aquino Mitsubishi UFJ Financial Group Inc., Japan’s biggest bank, agreed to buy a 20 percent stake in Philippine lender Security Bank Corp.for 36.9 billion pesos ($773 million) as it deepens its expansion in Southeast Asia. Security Bank accepted MUFG’s offer to buy 150.7 million newly issued common shares at 245 pesos each and 200 million preferred shares at 0.