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We publish local news that could affect the performance of companies listed on the Philippine Stock Exchange (PSE).

Jollibee Completes Divestiture of Chow Fun Stake

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MANILA, Philippines – Jollibee Foods Corporation (PSE:JFC) discloses that the divestment of shares acquired by its wholly-owned subsidiary, Jollibee Worldwide Pte. Ltd. (JWPL), in Chow Fun Holdings LLC was completed. In a...
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ICBC, World’s Largest Bank, to Set Up a Branch in the Philippines

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The Industrial and Commercial Bank of China (ICBC), the world's largest bank in terms of assets, will open up their branch in the Philippines.

Bank of the Philippine Islands Under Probe for $19.5M Laundering Scandal

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The Bangko Sentral ng Pilipinas is currently investigating 10 banks for their alleged involvement in a massive money laundering scandal with Australian Bank Westpac. The Bank of the Philippine Islands is specifically named. Will this negatively affect the stock price of BPI? Who are the other banks?

SBMA to Propose P140B Projects

MANILA, Philippines – Subic Bay Metropolitan Authority (SBMA) plans to propose projects worth P140 billion towards 2022, which are particularly inclusive of bridges and roads development ideal for cutting travel time...

Berjaya Philippines Acquires 7M Shares of BAssets

MANILA, Philippines – Berjaya Philippines Inc. (PSE:BCOR) reports that it had acquired seven million ordinary shares of Berjaya Assets Berhad (BAssets), which is a company incorporated in Malaysia and listed on...

Gokongwei Plans to Build Casino in Cebu Worth P18B

John Gokongwei, owner of the Universal Hotels and Resorts Incorporated (UHRI), has pledged to finance 18 billion pesos for the casino venture that he will be constructing in Cebu. He plans to build the project in the South Road Properties of Cebu, indicating the conglomerate's thrust toward the gaming industry.

Philippine’s Leading Conglomerates to Invest in Data Science

Leading conglomerates will finance the 26,500 US Dollar tuitions of 19 students of the Asian Institute of Management's first batch of Masters of Science in Data Science. The global outbreak of artificial intelligence and big data has emphasized the demand for additional financing in Data Science.

SM Investment Corp. Increased Its Profit to Almost P33 Billion

SM Investments Corporation (SMIC) recorded an increase of 6 percent in the company's net profit to 32.9 billion pesos in 2017 as the company's primary businesses kept on giving compelling results last year with recurring net profit increase of 9 percent.

Ayala Corporation Acquires Merlin Solar Technology, Inc.

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The oldest existing company in the Philippines, Ayala Corporation (AC), continues its journey to international expansion, having earned the controlling stake in Merlin Solar Technologies, Inc., a solar technology company based in California, USA.

Bitcoin Drops to Alarming Low, Analysts Not Optimistic About Recovery

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For the first time, Bitcoin dropped below $7,000. The analysis of Chainanalysis Inc. is reportedly the trigger of the decline. Will bitcoin drop further?
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