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MPIC targets to acquire at least 2 more logistics companies

1h bworldonline
INFRASTRUCTURE conglomerate Metro Pacific Investments Corp. (MPIC) is strengthening its logistics business with plans to acquire two to three logistics firms in the coming years. (14-0)

Ayala, Eton to invest P53B in township

1h bworldonline
AYALA LAND, Inc. (ALI) and tycoon Lucio Tan’s Eton Properties Philippines, Inc. (EPPI) are investing P53 billion to develop the first phase of a 35-hectare estate covering areas in Quezon City (QC) and Pasig City. (10-0)

PSE index drops on banks’ stock rights offer plans

1h bworldonline
LOCAL EQUITIES were down on Thursday, weighed down by banking stocks that recently announced plans to conduct stock rights offerings (SRO). (5-0)

PSE’s P3.16B follow-on offer ok’d

9h business.inquirer.net
The Securities and Exchange Commission (SEC) has approved a plan by the Philippine Stock Exchange to raise as much as P3.16 billion from the sale of shares to existing “eligible” investors. (5-0)

HSBC to stock investors: overcome fear of heights

15h business.inquirer.net
HSBC Private Bank’s investment experts Cheuk Wan Fan and Willem Sels in a press briefing in Manila on Jan. 17, 2018 (5-0)

PSEi succumbs to profit-taking

20h business.inquirer.net
The local stock barometer slipped yesterday, tracking the correction across regional equities. It also was weighed down by the decline of Metrobank on the heels of a new share sale program. (19-0)

Metrobank sets P70-B rights offering

20h business.inquirer.net
Ty family-led Metropolitan Bank and Trust Co. plans to raise fresh capital estimated at more than P70 billion to expand its fast-growing loan book, riding on the country’s strong macroeconomic prospects. (5-0)

BPI plans P50B stock rights offer

23h business.inquirer.net
Ayala-led Bank of the Philippine Islands plans to raise as much as P50 billion from the sale of new shares to existing shareholders, beefing up its war chest to fund both organic growth and potential acquisitions. (5-0)

PSEi slips, Metrobank falls on share sale plan

2018-01-17 business.inquirer.net
The local stock barometer slipped on Wednesday, tracking the correction across regional equities and also weighed down by the decline of Metrobank on the heels of a new share sale program. (19-0)

Metrobank plans stock rights offering

2018-01-17 business.inquirer.net
Ty family-led Metropolitan Bank & Trust Co. plans to raise fresh capital to expand its fast-growing loan book, riding on the country’s strong macroeconomic prospects. (5-0)

Press freedom image takes a hit as Rappler faces uphill battle

2018-01-17 bworldonline
MULTIMEDIA news Web site Rappler, Inc. faces an uphill battle to challenge the Securities and Exchange Commission’s (SEC) decision to revoke its incorporation papers, a ruling that fed suspicions about the government’s hand in undermining press freedom. (5-0)

PSEi tracks upbeat regional markets, closes up

2018-01-16 business.inquirer.net
Riding on upbeat regional markets, the local stock barometer retested the 8,900 mark and touched new intraday highs yesterday before trimming gains at close. (21-0)

Phoenix Petroleum expands into bitumen production

2018-01-16 beta.philstar
MANILA, Philippines — Davao-based businessman Dennis Uy is going into bitumen production in line with expanding the product portfolio of Phoenix Petroleum Philippines Inc. (10-0)

Index pulls back early gains, ends flat

2018-01-16 beta.philstar
MANILA, Philippines — The Philippine stock market posted gains in early trade along with the rise in Asian stocks but eventually pulled back by the close of trading. (5-0)

PSEi hits new highs but trims gains

2018-01-16 business.inquirer.net
Riding on upbeat regional markets, the local stock barometer retested the 8,900 mark and touched new intra-day highs on Tuesday before trimming gains at close. (21-0)