Local News

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

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.

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

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?

Ayala Corporation Taking the Digital Workforce Into the Philippines

Ayala Corporation is taking the digital workforce into the Philippines through its services and solutions company HCX Technology Partners, Inc. HCX has entered into an exclusive partner agreement with Automation Anywhere, Inc.

SM Group Takes a Step Closer to Start P100B Future City Project

The SM Group has taken a step closer to executing its reclamation project, Future City, worth 100 billion pesos. The SM Group recently acquired an ECC, which is required to begin the project. The Future City will be established in a property of 600 hectares covering cities of Parañaque and Pasay.

Fruitas to Acquire Food Company By End of 2019

After the IPO of Fruitas on the Philippine Stock Exchange last November 29, it is gearing to close an acquisition of one food company by the end of 2019.

PayMaya and PayPal Deal Improves Getting Funds Online

MANILA, Philippines - PayMaya, PLDT Inc.'s digital financial services arm, teamed up with leader of international payments, Paypal, in providing convenience to the country's freelancers and online businesses. The partnership centers on...

MGB and DOST Team Up on Study of Nickel

Following its collaboration with the Department of Science and Technology (DOST), the Mines and Geosciences Bureau (MGB) is upgrading its study and development for reduction parameter optimization of low-grade nickel laterites. This is a two-year project that will start this year.

Maynilad Chairman Manny Pangilinan: No Selling, No Takeovers

No one can take over the water distribution in Manila without a fight from tycoon Manny V. Pangilinan. How will this affect the stock price of MPI and MWC?
Equilyst Analytics Celebrates 5th Anniversary

Equilyst Analytics Celebrates 5th Anniversary

We have celebrated our 5th anniversary last July 31, 2019. Time flies fast. Who would have thought that Equilyst Analytics, Inc. has been helping locals and foreign nationals trade and invest in...
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DNL Industries Sees Ban on Single-Use Plastics as an Opportunity

DNL Industries' new product is the solution to the looming ban on single-use plastic. Will DNL's stock price go higher because of this?

Philippine Stock Exchange Index: Will End 2019 Between 7400 and 7500?

The Philippine Stock Exchange Index (PSEi) is still experiencing an outflow of foreign funds. Are we going to see the main index above 7,900 or between 7,400 and 7,500 before the end of 2019?

Victorias Milling Co. Saw 7% Net Income Increase Even as Productivity Drops

Listed sugar miller Victorias Milling Co. Inc. saw its net income increase, but revenues and productivity declined. Is this bullish for VMC?

Sangley Airport Development Bid for by MacroAsia Corp-China Communications Construction Co. Tandem

Macroasia Corp and China Communications Construction Co. partnered up to bid for the transformation of Sangley airport. How will this affect the price of MAC in the stock market?

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

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?