Tuesday, September 22, 2020

Local News

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

Philippines Achieves Higher Business-Friendliness Ranking

MANILA, Philippines - The Philippines gained higher ranking in the list of countries best for businesses due to current administration's efforts. From 103rd spot last year, Philippines holds the 99th place in...

Philippines’ War on Echoed Investment Scams for Years

MANILA, Philippines - The Philippines has long been suffering from echoed investment scams, which resulted to crime, death, deception, and stealing of money from innocent citizens. One of the common investment scam...

BSP Foresees Sustenance of 2-4% Inflation Target in 2017-2018

MANILA, Philippines - The Bangko Sentral ng Pilipinas (BSP) expects inflation to maintain its range of 2 to 4 percent in two years regardless of higher cuts on petroleum taxes. Just by...

Fitch Sees Free Cash Flow Generation a Challenge for Telco Players

MANILA, Philippines - Fitch Ratings sees generation of positive free cash flow (FCF) for Telco players, PLDT Inc. and Globe Telecom Inc., as a challenge in two years. FCF deficit will continue...

MBC Still Presses US Relations Despite Stronger PH-CHN Ties

MANILA, Philippines -  The Makati Business Club (MBC) shows support to Philippines' stronger China ties, but stresses the need to maintain solid US relations. The influential group of conglomerates welcomed PH-CHN ties,...

San Miguel Supports PH Accelerated Infrastructure Projects With P205-B

MANILA, Philippines - Conglomerate San Miguel Corporation (SMC) supports Philippine growth by allocating P205 billion to two big-ticket infrastructure projects this year. SMC Chief Finance Officer and Treasurer, Ferdinand Constantino, stated the...

SM Investments Hopes to Close MyTown Minority Stake Acquisition

MANILA, Philippines - SM Investments Corp. (SM) nears closing its buy-in of MyTown's minority stake this year. SMIC hopes to get the minority stake of dormitory builder MyTown of Philippines Urban Living...

Duterte’s State Visit to Japan May Yield Deals Worth Billions of Dollars

TOKYO, Japan - The Philippine President’s (Rodrigo Roa Duterte) meeting with Japan's Prime Minister Shinzo Abe is expected to yield multibillion worth of deals. President Duterte's 3-day visit to Japan will focus...
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