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Del Monte Pacific selling $160 M preferred shares

16h philstar
MANILA, Philippines — Del Monte Pacific Ltd (DMPL), listed in both the Singapore and Philippine stock exchanges, is raising $160 million from a second tranche of its dollar-denominated shares. (11-0)

BPI raising P30 B from LTNCD issue

2017-10-19 philstar
MANILA, Philippines — Ayala-led Bank of the Philippine Islands (BPI) is raising P30 billion from the issuance of long-term negotiable certificates of time deposits (LTNCDs) to support the bank’s expansion plans and at the same time diversify its funding sources. (10-0)

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)

PH stocks surge to a new high

2017-10-10 business.inquirer.net
The local stock barometer surged to a new high on Tuesday, even flirting with the 8,400 level in intra-day trade, as investors loaded up on local equities ahead of the third quarter corporate earnings reporting season. (19-0)

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)

2017 Wharton MBA information session

2017-10-09 philstar
MANILA, Philippines — The Wharton-Penn Alumni Association of the Philippines will hold a Wharton MBA information session on Oct. 19, Thursday. Alumni will share insider perspectives on Wharton’s application process, classroom diversity, learning approach, career search, and becoming part of a strong and extensive alumni network in the Philippines and globally.   (5-0)

Globe plans issuance of retail bonds in 2018

2017-10-09 philstar
MANILA, Philippines — Globe Telecom Inc. is planning to issue retail bonds next year to support its funding requirements.  (14-0)

Banks establish digital payments management’s body

2017-10-09 philstar
MANILA, Philippines — Banks have established a payments management body in support of the efforts of the Bangko Sentral ng Pilipinas (BSP) for a more accessible and competitive financial system through the National Retail Payment System (NRPS). (5-0)

PH business icon Washington SyCip, 96

2017-10-08 business.inquirer.net
Wash Sycip, the grand old man of Philippine business, at the Inquirer office with fellow business leaders (March 2016) (24-0)

BSP eases rules on banks’ bond issues

2017-10-07 philstar
MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has hit the ground running to speed up the development of the domestic debt market as part of additional game-changing financial sector reforms in the medium term. (15-0)

Most SE Asia stocks gain after Wall Street hits record; Singapore down

2017-10-03 themalaymailonline
Singapore shares shed 0.6 per cent with United Overseas Bank Ltd and Overseas-Chinese Banking Corp Ltd slipping 1.4 per cent and 1.2 per cent, respectively. Oil rig builder Keppel Corporation Ltd fell 1.4 per cent. — Reuters picNEW YORK, Oct 3 — Most South-east Asian stock markets edged higher today after Wall Street hit a record high overnight, while losses in financials and energy shares dragged down the Singapore index. (22-1)

BDO pads dominance, assets hit P2.32 T in H1

2017-10-02 philstar
MANILA, Philippines — BDO Unibank Inc. maintained its dominance in the banking industry in terms of total assets, capital, deposits, and loans in the first half of the year, data from the Bangko Sentral ng Pilipinas (BSP) showed. (15-1)

Local banks capable of funding infra projects — Maynilad exec

2017-09-30 philstar
MANILA, Philippines — With the government allotting some P9 trillion for infrastructure development in the next six years, a key executive of one of the country’s biggest water concessionaires has expressed confidence the local banking industry has enough liquidity to finance the lined-up infrastructure undertakings. (5-1)

Stock index ends higher on late bargain-hunting

2017-09-27 business.inquirer.net
The benchmark Philippine Stock Exchange index (PSEi) managed to reverse course and close yesterday’s session with a gain on what an analyst attributed to last-minute bargain-hunting. (26-0)

BDO urges clients to shift to EMV cards

2017-09-26 philstar
MANILA, Philippines — BDO Unibank Inc. is urging its retail clients to immediately make the shift to EMV chip-enabled ATM debit cards as the country’s largest lender noted a still low turnout. (5-0)

Philippines Interest Rate Unchanged: ETFs in Focus

2017-09-25 zacks
The Philippines central bank left its benchmark interest rate intact at 3%, in line with market expectations. The premier banking authority expects inflation to average 3.2% this year and the next, which is within their target band of 2-4%. (29-0)

All-time high

2017-09-24 philstar
Since the PSEi eclipsed the previous all-time high of 8,137 last Sept. 14, our index continued to make new record highs. Last week, we notched our highest close ever at 8,294 and an unprecedented intraday high of 8,321. (21-0)

SEC approves 8990’s preferred share offer

2017-09-24 bworldonline
THE Securities and Exchange Commission (SEC) approved on Friday the fund-raising activities of mass housing developer 8990 Holdings, Inc. and Alcantara-led holding firm Alsons Consolidated Resources, Inc. (ACR). (10-0)

BDO among top 10 firms Pinoys want to work for

2017-09-23 philstar
MANILA, Philippines — BDO Unibank has once again been named one of the top 10 companies Filipinos aspire to work for, the latest survey by an online recruitment site showed. (5-0)

Postbank sale to Landbank up for Duterte OK, says DOF

2017-09-21 business.inquirer.net
A draft executive order that will execute the sale of Philippine Postal Savings Bank (Postbank) to Land Bank of the Philippines and convert it into the “Overseas Filipino Bank” is up for President Duterte’s approval, Finance Secretary Carlos G. Dominguez III said. (5-0)

Stock price index stays above 8,000 mark

2017-09-13 business.inquirer.net
The local stock barometer slightly gained yesterday, staying afloat 8,000, while tracking firmer US stocks overnight.

This Stock Soared 400% Thanks to Grounded Jets and In-Flight Food - Bloomberg

2017-09-13 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.

PSEi stays above 8,000

2017-09-13 business.inquirer.net
The local stock barometer slightly gained on Wednesday, staying afloat 8,000, while tracking firmer US stock market overnight.

Asia stocks drop on Spain attack, Trump turmoil

2017-08-18 themalaymailonline
Visitors looks at an electronic board showing the Japan's Nikkei average at the Tokyo Stock Exchange February 9, 2016. — Reuters picTOKYO, Aug 18 — Asian stocks extended a global slide after terrorists struck a crowded tourist street in Barcelona, exacerbating unease triggered by mounting concerns about dysfunction in President Donald Trump’s administration and US policy paralysis.