Saturday, August 15, 2020

Local News

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

LRWC Sold Its City of Dreams Interest

MANILA, Philippines – Leisure and Resorts World Corp. (LRWC) sold its City of Dreams Manila interest in consideration of Belle Corp., which is SM Group’s high-end property developer. LRWC and Belle signed...

Globe Joins Pokémon Go Promotion

MANILA, Philippines - Globe Telecom Inc. partnered with The Pokémon Company and Niantic Inc., an international game developer, to advertise Pokémon Go in the Philippines. The goal of the partnership is to...

IT-BPM Sector Worries Over Rent and Utility Costs

MANILA, Philippines - The anti-US alliance of President Duterte is not a bother for the Information Technology and Business Process Management (IT-BPM) sector, but the rent and utility costs. Colliers International, a...

PhilWeb Special Block Sale Under Scrutiny

MANILA, Philippines - PhilWeb Corp. special block sale of shares to Gregorio Araneta Inc. (GAI) from Roberto Ongpin is under scrutiny. The sale involves Ongpin's entire stake of PhilWeb, which amounted to...

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...

Trans-Asia Studies Pangasinan’s LNG Terminal and Power Plant

MANILA, Philippines - Phinma Energy Corp.'s subsidiary, Trans-Asia Petroleum Corp., looks into developing Sual, Pangasinan's liquefied natural gas (LNG) and 380-megawatt (MW) power plant. The ongoing development of 900-MW coal-fired power plant...

Sy Teams Up With Tieng for $50B Cavite Project

MANILA, Philippines - The country's richest man, Henry Sy, forms a deal with Tieng family to proceed with Cavite's Sangley Point coast development of $50 billion airport and seaport. The new airport...

DTI Reports PH-CHN Trade Can Triple

MANILA, Philippines - Department of Trade and Industry (DTI) Secretary, Ramon Lopez, reported Philippines and China bilateral ties can double or triple in the next few years. In line with the efforts...

Government Debts Down to P28.65B

MANILA, Philippines - In August, gross borrowings of the government decreased compared to last year's record, reported by Bureau of Treasury. The national government borrowed P28.65 billion, which is a decrease of...

Megawide Sells Treasury Shares of P2.23 Billion

MANILA, Philippines - Megawide Construction Corp. sold its treasury sales valued at P2.23 billion, which include shares acquired from Henry Sy, Sr. Megawide's board approved the selling of its shares from yesterday's...
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