Local News

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

PLDT Once Again Hints Possible Investment in GMA

MANILA, Philippines – PLDT Inc. (PSE:TEL) discloses a renewed interest in purchasing a stake in GMA Network, Inc. (PSE:GMA7), given the media network’s disclosure last week that the management is considering...

ICTSI Confirms Ro-Ro Hub in Cavite Plans

MANILA, Philippines – International Container Terminal Services, Inc. (PSE:ICT) confirms the news published by Manila Standard on its website entitled “ICTSI to build $30-m Ro-Ro hub in Cavite”. In a disclosure to...

Semirara Begins Final Phase of Panian Pit Restoration

MANILA, Philippines – Semirara Mining and Power Corporation (PSE:SCC) begins restoring the Panian pit, which has lost its ecological balance following its closure due to mineable coal reserves exhaustion. Last September 20...

First Gen Obtains COC for 414-MW San Gabriel ‘Flex-Plant’

MANILA, Philippines – The Energy Regulatory Commission (ERC) granted First Gen Corporation (FGEN) the Certificate of Compliance (COC) for its 414-MW combined-cycle natural gas-fired San Gabriel power plant, which is situated...

Alliance Global Discloses Its Subsidiary’s Guaranteed Notes Filing

MANILA, Philippines – Alliance Global Group, Inc. (PSE:AGI) discloses Alliance Global Group Cayman Islands, Inc.’s additional guarantees from Emperador Inc. and Emperador Distillers, Inc. In a disclosure to the Philippine Stock Exchange...

Duterte Administration to Ease Foreign Ownership Cap

MANILA, Philippines – Philippine President Rodrigo Roa Duterte spoke before business leaders on Monday night and guaranteed to recast the foreign ownership cap written in the Constitution, adding that an electorate...

December 2016 Inflation Fastest Since December 2014

MANILA, Philippines – Inflation for 2016 recorded its fastest pace in a couple of years but settled under the year’s annual forecast. The Philippine Statistics Authority (PSA) report shows that headline inflation closed...

CA Rejects the Appointment of Gina Lopez

MANILA, Philippines – The controversial then Environment Secretary Gina Lopez was rejected by the panel of the Commission on Appointment (CA) today. The verdict of the CA’s committee on Environment and Natural...
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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?