Bullish outlook: PSEi seen to hit 7,200 by year-end

Meg J. Adonis 02/23/2024

MANILA, Philippines —The Philippine Stock Exchange Index (PSEi) will rise significantly this year due to anticipated interest rate cuts, leading to better company profits, the chief investment officer of Sun Life Investment Management and Trust Corp. said.…

PSEi surges with strong foreign buying ahead of Lunar New Year break

Miguel Camus 02/09/2024

MANILA, Philippines —The Philippine Stock Exchange Index (PSEi) rose on Thursday due to strong foreign buying ahead of the long weekend. By the end of trading, the PSEi went up by 0.29 percent (20.12 points) to reach…

GCash IPO delayed as parent firm assesses market conditions

Tyrone Jasper C. Piad 02/08/2024

MANILA, Philippines  —Investors are waiting for GCash to join the local exchange. However, its parent company said that they are still reviewing the market before deciding to launch an initial public offering (IPO). The company had initially planned…

Investors told: Keep cash amid US recession fears

Miguel Camus 01/30/2024

MANILA, Philippines —A top stockbrokerage in the country advises investors to keep cash amid US recession fears, despite the Philippines’ strong economic growth bouyed by easing interest rates and inflation. COL Financial Group chief equity strategist April…

The right time to invest

Isaiah Yu - @inquirerdotnet 03/11/2021

It was awfully quiet during dinner. I could see that my dad was burdened and had little sleep. He was staring at his untouched food, until he finally said, “Today at work, we had to cut costs…

Dito CME to gain control of telco biz in P68.4-B backdoor deal

Miguel R. Camus - Reporter / @miguelrcamusINQ 11/14/2020

Davao-based businessman Dennis A. Uy’s Dito CME Holdings Corp. is poised to take a controlling stake in Dito Telecommunity through layers of companies as the group reshuffles its shares in the telco startup backed by China Telecom.…

PSE oks Del Monte PH’s P17.55B IPO

Inquirer.net 05/31/2018

The Philippine Stock Exchange (PSE) has approved a P17.55 billion initial public offering by food producer Del Monte Philippines Inc. (DMPI), the local unit of Campos family-led multinational conglomerate Del Monte Pacific Ltd., by June. About 587.43…

PSE okays P3.8B IPO of Cebu Landmasters

Inquirer.net 05/10/2017

The Philippine Stock Exchange has approved the initial public offering (IPO) of as much as P3.8 billion planned this month by Cebu Landmasters Inc., Metro Cebu’s leading housing developer. In an offering circular from the PSE, Cebu…

Miss Earth founder is new PSE chief

Inquirer.net 05/06/2017

The Philippine Stock Exchange elected on Saturday Ramon Monzon, a certified public accountant and a successful businessman who founded the Miss Earth global beauty pageant, as its new president and chief executive officer. Monzon, 67, took over…

At PSE, Sicat out, Monzon in

Inquirer.net 04/09/2017

CHANGING OF THE GUARDS The Philippine Stock Exchange has officially announced its upcoming changing of the guards, with incumbent bourse director Ramon Monzon to be elected as the new president. Former investment banker Hans Sicat is ending…

Adapt investor mindset Firm to Cebuanos: Invest in stock market

Victor Anthony V. Silva 03/05/2017

Banking on the growth potential of the Cebuano market, a brokerage firm is primed to beef up its campaign to educate more people here to adapt to an investor mindset. Michelle Ungco, assistant vice president of UTrade…

Cebu-based developer eyes PSE listing, IPO

Victor Anthony V. Silva 10/18/2016

A Cebu-based property developer is planning to open the company to the stock market and eventually issue an Initial Public Offering (IPO) for the company. Joe Soberano, chairman and chief executive officer of Cebu Landmasters, Inc. (CLI),…

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