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SEC warns public vs investing in Bioglow laundry shops

THE Securities and Exchange Commission (SEC) has advised the public against investing in Bioglow Laundry Shop (Bioglow), noting that it is not registered with the commission nor authorized to solicit investments.

CLI 9-month reservation sales soar to P6B

RESERVATION sales of Cebu Landmasters, Inc. (CLI) surged in the first nine months of 2018, driven by interest in both its economic housing and high-end projects.

Local stocks slump as PHL growth prospects dim

THE MAIN INDEX weakened anew on Wednesday, nearing its record low for the year as the sluggish outlook on the country prompted more foreign investors to pull out their funds from the local market.

Megaworld allots P35 billion for Pasig township

MEGAWORLD Corp. will be spending P35 billion to develop its township in Pasig City called Arcovia City, launching the first condominium to rise in the property.

SEC tells listed firms to comply with data privacy rules

THE country’s corporate regulator has ordered capital markets, listed companies, and other institutions to comply with data privacy laws following reports of security breaches in both local and international firms in the previous months.

Main index ekes out gain on last-minute buying

STOCKS eked out gains on Tuesday after posting losses for most of the session, as foreign investors continued to flee the market without any signs of new catalysts to bring them back.

Henry Sy-led SMIC looking to shift investment strategy

THE holding firm of country’s richest man Henry Sy, Sr. is shifting its investment strategy, favoring businesses where they can secure a minority position instead of taking full control of the company.

Melco Resorts told to discuss issues with minority shareholders

THE Philippine Stock Exchange (PSE) has asked Melco Resorts and Entertainment (Philippines) Corp. (MRP) to engage with its minority shareholders to resolve pending issues on its tender offer, which will take the company a step closer to delisting from the local bourse.

Review finds 59 firms to be Shariah-compliant

THE Philippine Stock Exchange (PSE) found 59 listed firms to be compliant with Islamic finance principles as of Sept. 25.

PSE index falls on inflation, interest rate concerns

LOCAL EQUITIES slumped on Monday as investors remained cautious given inflationary pressures on the Philippine economy.

Ayala Land eyes fund-raising in early 2019

AYALA LAND, Inc. (ALI) is planning to register another P50 billion under the Securities and Exchange Commission (SEC)’s shelf registration program, allowing the company to raise money from the issuance of fixed securities in the next three years.

Bengzon confident TMC ownership dispute will be resolved soon

THE CAMP of Dr. Alfredo R.A. Bengzon said they are confident the ongoing ownership dispute at The Medical City (TMC) will be resolved soon, for the sake of the hospital and its shareholders.

Shares to decline further amid lack of fresh leads

SHARES may continue falling in the week ahead given the lack of catalysts that may encourage investors to return to the market.

ALI issues P8-B in fixed rate bonds

AYALA Land, Inc. (ALI) raised P8 billion from the issuance of fixed rate bonds on Friday, which are expected to fund several mall, office, and hotel projects it has in the pipeline.

Century Properties sells P2B vacation homes in Nasugbu

CENTURY Properties Group, Inc. (CPG) has pre-sold 342 vacation homes worth P2 billion in its residential tourism estate in Nasugbu, Batangas, more than nine months after it was unveiled to the market.

PSEi slides as investors shrug off inflation data

LOCAL equities fell amid lackluster trading on Friday following the release of September inflation data which revealed a new nine-year high.

SEC approves San Miguel food subsidiary’s P142.81-billion follow-on offering

THE SECURITIES and Exchange Commission (SEC) has given the go signal for San Miguel Food and Beverage, Inc. (SMFB) to conduct its P142.81-billion follow-on offering, slated to be the largest share sale in the history of the Philippine equities market.

High engagement associated with stronger revenue growth — Aon

HIGHER LEVELS of employee engagement have been associated with superior top-line results, according to professional services and risk consulting group Aon.

Boulevard Holdings banks on Boracay reopening to boost sales performance

BOULEVARD Holdings, Inc. (BHI) is banking on the reopening of tourist destination Boracay Island this month to improve its business, after posting declines in its sales performance during the island’s six-month rehabilitation.

SEC warns public vs three investment entities

THE COUNTRY’S corporate regulator has advised the public against three entities which have been soliciting investments without the necessary licenses.

Investors take cover ahead of inflation report

THE MAIN INDEX plunged deeper into bear territory on Thursday as investors sold stocks most affected by rising inflation and interest rates.

Proposed tweaks to PSE listing rules to benefit small investors

TRADING participants welcomed the Philippine Stock Exchange’s (PSE) move to tweak listing rules that would prompt companies seeking to conduct a follow-on offering (FOO) to provide a price range for the benefit of the investing public.

DoubleDragon ‘unaffected’ by rising interest rates

DOUBLEDRAGON Properties Corp. on Wednesday said it is “generally unaffected” by rising interest rates and weakening peso, as the company’s borrowings are all peso-denominated and have fixed rates.

Main index rebounds on Fed chairman’s remarks

THE MAIN INDEX snapped its three-day losing streak on Wednesday as it took a breather from oversold conditions in previous sessions.

Megaworld allocates P500M for Bacolod hotel

MEGAWORLD Corp. continues the expansion of its hospitality business with the development of a P500-million luxury boutique hotel within its Bacolod City township.

Filipinos still prefer in-store shopping over online sites

FILIPINO consumers still prefer shopping in brick and mortar stores over online platforms, favoring the physical appeal of products despite the convenience of online purchases, according to a study by digital research and consulting firm, Research and Tech Lab (RTL).

Tender offer for Melco Philippines shares deferred

THE majority shareholder of Melco Resorts and Entertainment (Philippines) Corp. (MRP) has deferred its plan to conduct a tender offer, effectively pushing back the company’s plan to delist from the Philippine Stock Exchange (PSE).

IMI inaugurates manufacturing facility in Serbia

AYALA-LED Integrated Micro-Electronics, Inc. (IMI) inaugurated its newest manufacturing facility in Serbia last week, as the company expands its global footprint in anticipation of more demand for its products.

PCC approves Rockwell-Carmelray JV

ROCKWELL Land Corp. is set to launch a 63-hectare mixed use estate in Laguna by the middle of 2019, after securing approval from the Philippine Competition Commission (PCC) for its partnership with the Yulo family.

Stocks slump as oil prices stoke inflation concerns

LOCAL EQUITIES tumbled on Tuesday as the rise of global oil prices heightened inflation fears alongside the continued sell-off by foreign investors.

Ayala to introduce Maxus vehicles in PHL

THE industrial technology arm of Ayala Corp. (AC) is bringing Chinese auto brand Maxus to the Philippines, with vehicle sales set to commence in the first quarter of 2019.

Gokongwei-led URC ends partnership with ConAgra

UNIVERSAL Robina Corp. (URC) is buying out its American partner for Hunt-Universal Robina Corp. (HURC), ending its 35-year-old partnership with the company while still keeping the licensing agreement for its products.

Yuchengco, Ayala groups approve merger of education businesses

THE Ayala and Yuchengco groups have approved the merger of their education businesses valued at around P15.5 billion, with listed firm iPeople, Inc. to be the surviving entity.

Aboitiz Construction sets sights overseas with new subsidiary

ABOITIZ Construction, Inc. (ACI) is setting up an international unit as it plans to expand both its geographic reach and the services it offers.

PSE index falls ahead of Sept. inflation report

LOCAL SHARES fell on Monday as investors stayed on the sidelines while anticipating the release of inflation figures on Friday.

PSEi seen ending 2018 at 8,200

THE stock brokerage arm of the Bank of the Philippine Islands (BPI) projects the Philippine Stock Exchange index (PSEi) to close around the 8,200 level by year-end, as investors focus on companies’ fundamentals amid rising inflation and the weakening peso.

Berjaya Philippines extends lease deal with PCSO

BERJAYA Philippines, Inc. has extended its lease deal for lottery equipment with the Philippine Charity Sweepstakes Office (PCSO) by another year.

PHL shares seen rebounding after BSP rate hike

SHARES may move upward in the week ahead as investors react to the Bangko Sentral ng Pilipinas (BSP)’s latest move to counter inflation, while awaiting the release of September consumer price index data.

PHL ‘average’ in disclosure practice

THE PHILIPPINES got an average score though it placed second-lowest in the latest ASEAN Disclosure Index of business advisory firm FTI Consulting, Inc. which monitors corporate disclosure practices.

Jollibee to introduce Panda Express in PHL

HOMEGROWN FOOD giant Jollibee Foods Corp. (JFC) is teaming up with Chinese-American restaurant operator Panda Restaurant Group, Inc. (Panda) for the introduction of Panda Express restaurants in the country.

Tycoon Okada urges PSE to investigate Asiabest over ‘misleading’ disclosures

JAPANESE GAMING tycoon Kazuo Okada reiterated his request for the Philippine Stock Exchange (PSE) to investigate Asiabest Group International, Inc. (ABG) for its allegedly misleading disclosures on its share purchase agreement with Tiger Resort Asia Ltd. (Tiger Asia).

Stocks rebound on last-minute buying, rate hikes

LOCAL EQUITIES rebounded on Thursday as investors picked up selected stocks at the last minute, while factoring in the expected rate hikes from the Bangko Sentral ng Pilipinas (BSP) and the United States Federal Reserve.

DMCI Homes posts P7.5-B sales from Pasig City condo project

THE property unit of DMCI Holdings, Inc. has almost sold out its condominium development in Pasig City, bringing in more than P7.52 billion in sales.

SM Prime leases out 97% of yet-to-open office building

SM PRIME Holdings, Inc. will be unveiling its newest office building in the Mall of Asia complex in Pasay City this Friday, alongside the topping off of its other office project in the area.

Shares decline ahead of Fed, BSP rate decisions

STOCKS FELL anew on Wednesday as investors remained cautious ahead of the back-to-back meetings of the United States Federal Reserve and the country’s own central bank.