Local News

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

First Gen Unit to Provide Natural Gas Supply to Meralco

A unit of First Gen Corporation has made an agreement with Meralco to supply baseload power from its power plant in San Gabriel, Batangas. First NatGas Power Corporation made a power supply agreement (PSA) with Meralco for the purchase and sale of roughly 414-megawatt baseload capacity.

Indian 5-6 Lending Business to Be Legalized?

The growth of Indian lending business might be the reason most of tthe Philippines’ MSMEs remain afloat. Will this be legalized soon?
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PCC Declares Udenna Transactions as Null and Void

PCC issued a ruling that nullifies and voids the transaction of the Udenna Corporation owned by Dennis Uy last month. The commission determined that Udenna Corporation did not advise the PCC of the company's transactions with KGL Investment Cooperatief U.A. in 2016.

SEC Rejects Joseph Calata’s Motion

The Security and Exchange Commission (SEC) the motion filed by Krops to revoke the suspension and abstain order released opposed to the initial coin offering of Krops, for the reason that the offering composed of securities, thus hence, must first be registered with the SEC.

NLEX Corporation Constructs New Intersections in Pampanga

To assist more organized flexibility for motorists. NLEX Corporation opened two new junction routes in North Luzon Expressway and Subic-Clark-Tarlac Expressway (SCTEX) yesterday. The expressway remodification is viewed to enhance safety in the road.

Remittances Increased by 10.8% in January

Strong growth was steadily recorded for remittances in January. Personal remittances from land-based workers recorded $2.65 billion, while cash remittances booked $1.9 billion. The sum of money remitted by sea-based workers hiked to $500 million.

Agriculture Finally Regains After a Year-long Drop

MANILA, Philippines – In the report released by the Philippine Statistics Authority, it shows that the Philippines is finally moving forward after the year-long drop in the agriculture industry which rose...
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Cryptocurrency Halt Against Calata Corporation

Will Joseph Calata file a lawsuit against SEC for cryptocurrency halt against his KropCoins? How many farmers will be affected if he doesn’t win the case?

NEDA Called on Government to Shield the Poor From Inflation

With the implementation of the new tax reform law, or the TRAIN law, the public starts to experience the higher excise tax. NEDA stated that the administration must stay observant and make preparations to execute solutions that will reduce the upside risks to inflation.
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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?