capital markets - updates

Rappler's latest stories on capital markets


SEC orders takeover of R&L Investments

Nov 15, 2019 - 5:20 PM

Capital Markets Integrity Corporation, the local bourse's compliance arm, is tasked to assist affected customers and submit a report for instituting criminal charges

Saudi regulator approves Aramco share offering

Nov 03, 2019 - 2:26 PM

The IPO is the linchpin of Crown Prince Mohammed bin Salman's plan to revamp Saudi Arabia's economy and wean it off a decades-long dependence on oil

SAUDI ARAMCO. In this file photo taken on January 25, 2016, Saudi and Foreign investors stand in front of the logo of Saudi state oil giant Aramco during the 10th Global Competitiveness Forum in the capital Riyadh. Photo by Fayez Nureldine/AFP

DW Capital faces SEC probe for P2.6B in 'unauthorized' trades

Aug 25, 2017 - 5:30 PM

This comes after the watchdog unit of the Philippine Stock Exchange sought the corporate regulator s nod to take over DW Capital

ANOTHER FIASCO. PSE issues preventive order after the lawyers of the clients of DWCI requested to prohibit DWCI from trading the shares of stock of their clients. Brokers, traders and staff at the Philippine Stock Exchange. Photo by LeAnne Jazul/Rappler

PSE to sell common shares to reduce broker ownership

Jul 20, 2017 - 2:17 PM

The share sale is part of the company’s move to reduce brokers ownership in the stock exchange to 20 as prescribed under the Securities Regulation Code

REDUCE OWNERSHIP. Brokers, traders and staff of the Philippine Stock Exchange await the arrival of President Rodrigo Duterte during Phoenix Petroleum's 10th listing anniversary. Photo by LeAnne Jazul/Rappler

PSE's 9-month income increases by 12%

Nov 10, 2016 - 5:13 PM

The PSE chief says the local bourse saw foreign investors liquidate their positions and take a risk off approach ahead of the September US Federal Reserve meeting and the volatilities in the commodities market

TEMPERED. The lower operating income, however, was tempered by the 89.5% gain in other income to P165.93 million arising from the recognition of donated property related to the PSE's move to the Bonifacio Global City, and mark-to-market gains on investments. Photo by Ryan Lim / Malacanang Photo Bureau

SEC approves Shell's IPO

Sep 28, 2016 - 12:45 PM

This could be one of the largest maiden share offerings in the Philippines

MANDATORY. Pilipinas Shell's planned share sale is in compliance with the Oil Deregulation Law of 1998, requiring oil refiners to list 10% of their shares in the local stock market. Rappler file photo

Pilipinas Shell to raise P29.7B through IPO

Jul 26, 2016 - 3:01 PM

Under the mandate of the Oil Industry Deregulation Act of 1998 Shell’s IPO should have been completed by 2002

MANDATORY. Pilipinas Shell's planned share sale is in compliance with the Oil Deregulation Law of 1998, requiring oil refiners to list 10% of their shares in the local stock market. Rappler file photo

Partners Group makes 'dynamic' PH its services hub

Jul 13, 2016 - 3:56 PM

Manila has developed into a thriving global business hub and we felt this dynamism offered a great cultural fit for Partners Group and the opportunity to deepen our networks within Asia across all business lines says Christoph Rubeli Partners Group co CEO

SERVICES HUB. Partners Group Officials (left to right): Marlis Morin, Partner, Client Service, Partners Group, Kristina Alabado, President, Partners Group Prime Service Solutions (Philippines), Inc. , Grace del Rosario-Castaño, Member of the Board of Directors and Chairwoman of the Nomination & Compensation Committee, Partners Group, and Christoph Rubeli, Partner, Co-Chief Executive Officer, Partners Group. Photo from Partners Group

Rivals clash, stocks hit ahead of Brexit vote

Jun 15, 2016 - 9:25 AM

Stock markets extended a global sell off after polls indicated increasing support for an exit from the 28 member bloc on June 23

YES OR NO? This handout picture released by the Daily Telegraph shows (L-R) former Mayor of London and Conservative Party politician Boris Johnson, moderator Aasmah Mir, Labour party Remain campaigner Liz Kendall and Scottish National Party (SNP) MP, Alex Salmond taking part in a debate in London on June 14, 2016. David Rose/Daily Telegraph/AFP

PSE hopes to acquire 95% of PH Dealing System Holdings

Oct 06, 2015 - 5:44 PM

PSE is waiting to secure relief from the Securities and Exchange Commission before proceeding with the purchase of a majority stake in PDSHC

BUYOUT. The buyout by Philippine Stock Exchange of Philippine Dealing System Holdings Corporation's shareholders will finally pave the way for the merger of the equities and fixed-income exchanges.

Trade deal, easy monetary policy boost Asian stocks

Oct 06, 2015 - 12:57 PM

Analysts say the Trans Pacific Partnership deal would boost stocks in the region adding to an already upbeat mood among investors

DEAL. The Trans-Pacific Partnership will see the easing of a number of barriers, including Japan's closeted farm sector and the US car market. Japan's Prime Minister Shinzo Abe (left, seen here with US President Barack Obama) expresses hope that China would join at some point. File photo by EPA / Pete Marovich

China highs and lows: No example for the Philippines

Aug 28, 2015 - 6:00 PM

No matter how large Beijing’s wallet is and how strong its government’s ability to devalue its currency more state money for populist programs and less will power for reform are not the long term solutions to China’s woes

Curtis S. Chin

PH stock exchange records longest trading halt

Aug 25, 2015 - 3:36 PM

2nd UPDATE The local bourse halts trading for about 5 hours due to technical issues and clarifies it has nothing to do with the drop in Philippine stocks

Unlike '97, Asian economies expected to bend, not break

Aug 25, 2015 - 7:00 AM

Painful lessons learned 18 years ago have left Asian economies far more able to withstand severe shocks economists say

Shell IPO happening in 2016?

Aug 24, 2015 - 6:00 PM

Under the mandate of the Oil Industry Deregulation Act of 1998 Shell’s IPO should have been completed by 2002

Iloilo pitches massive infrastructure plan for the city

Jul 24, 2015 - 11:10 AM

A seamless railway an intelligent transport system and a government center may soon be built in Iloilo City through public private partnerships

Iloilo City to turn APEC meeting into marketing opportunity

Jul 20, 2015 - 12:15 AM

Hosting APEC is a way to boost awareness of the investment opportunities and strengths of Iloilo City as an investment destination

PSE retains 30-firm index lineup

Feb 26, 2015 - 11:49 AM

The local bourse will also include 10 firms in sectoral indices while 15 will be removed from the list

Asian stocks mostly down on US rates expectations

Feb 09, 2015 - 8:43 PM

This US jobs report has altered market expectations for rate rises from the Fed with many now expecting raised rates in the early summer analyst says

HK investors buy addt’l shares into MJC property unit

Jan 19, 2015 - 6:34 PM

The funds from the subscription will be used for the ongoing construction of the Manila Jockey Club s hotel and entertainment project in Sta Cruz Manila

PSEi breaches 7500 level

Jan 15, 2015 - 1:15 PM

The Philippine Stock Exchange Index hits an all time record of 7530 41 boosted by continuing oil price plunge

Fresh placement to reduce Ayala's stake in real estate arm

Jan 12, 2015 - 3:08 PM

The new shares offering of Ayala Land Inc will dilute its parent company Ayala Corporation s stake in the property giant to 47 3

Malaysia Airlines shares suspended as part of rescue plan

Dec 15, 2014 - 2:50 PM

The ailing airline which is beaten further by two tragic disasters this year suspends its shares from the Malaysia’s stock exchange starting Dec 15

PSE maintains P200B target for 2015

Dec 12, 2014 - 8:09 PM

For the 3rd time the Philippine Stock Exchange targets a P200 billion capital raising mark for 2015 although the country’s bourse says it will likely miss its target this year

PSE likely to miss 2014 target

Dec 09, 2014 - 5:25 PM

The Philippine Stock Exchange says it will likely miss the P200 billion capital raising target for this year

Xurpas common shares up by 49.9% on PSE listing

Dec 02, 2014 - 1:25 PM

Xurpas share price jumps to P5 95 per piece in initial trading almost half of its initial public offering value of P3 97 each

Phoenix Semiconductor’s share price jumps 7.9% in PSE debut

Dec 02, 2014 - 1:02 PM

The Korean semiconductor firm says it will use the proceeds from its initial public offering to expand its current production facility

Max’s Group to raise P3.5B from revised follow-on offering

Nov 27, 2014 - 6:12 PM

At P17 75 per share the company will raise as much as P3 5 billion which will help pay its debt when it acquired Pancake House Inc

PSE okays Xurpas listing

Nov 15, 2014 - 11:41 AM

The technology firm’s offering is also 4 times oversubscribed

SEC okays Megawide P7B preferred share sale

Nov 07, 2014 - 5:27 PM

Megawide says funds from the activity will be used for its projects like the Mactan airport

Tiu's companies lose P1.3B in stock value over Senate probe

Nov 07, 2014 - 2:26 PM

Businessman Antonio Tiu says the Senate hearings where he was tagged as a dummy of Vice President Jejomar Binay have affected investor confidence in his companies

Property firm Pro-Friends to sell 20% shares to cornerstone investors

Oct 20, 2014 - 5:23 PM

Known for its small pocket developments ProFriends aims to boost its planned IPO in November by attracting institutional or well known investors

Lucio Tan Group offers PAL minority shareholders a ‘way out’

Oct 17, 2014 - 9:58 PM

PAL minority shareholders can sell their shares through a voluntary tender offer

Del Monte to raise P94M from follow-on offering

Oct 15, 2014 - 5:01 PM

Proceeds from the fund raising activity will be used to partially repay short term existing debts incurred when the firm acquired Del Monte Foods Inc

Martin Lorenzo groups up stakes in Central Azucarera De Tarlac

Oct 15, 2014 - 8:25 AM

Lorenzo the former Pancake House owner and businessman Fernando Cojuangco will acquire 4 71 more interest in the Tarlac based sugar milling company

SEC approves P10.5B of IPOs, follow on offering

Oct 13, 2014 - 12:31 PM

SSI Group Xurpas and Phoenix’s initial public offerings plus Del Monte’s follow on offering are approved en banc by the Securities and Exchange Commission

SEC approves Petron’s P10B preferred shares offering

Oct 10, 2014 - 7:24 PM

The country s largest oil company will offer preferred shares for P1 000 each

Asian markets slip after IMF forecast cuts

Oct 08, 2014 - 1:02 PM

The International Monetary Fund warns the world economy faced increased risks from the Ukraine crisis ongoing Middle East woes and Ebola spread

Ayala to raise P18B by Q4 2014

Oct 07, 2014 - 4:34 PM

Proceeds from Integrated Microelectronics’ offering and Ayala’s preferred shares issue will be used for expansion and to finance infrastructure and power projects

Hong Kong finance chief warns city's reputation at risk

Oct 03, 2014 - 11:23 PM

A slip in confidence in Hong Kong s financial sphere would bring permanent damage that we could not afford the finance chief says

PLDT’s stake in Rocket Internet down to 6.4%

Oct 02, 2014 - 7:59 PM

This is the third time the firm’s stake with the German startup is diluted from the original 10 or €333 million in August

Asian shares mixed, dollar breaks 110 yen mark

Oct 01, 2014 - 12:27 PM

The dollar climbed to 110 09 yen – its highest since August 2008 – as investors bet on an early rate hike by the US Federal Reserve as the economy picks up pace

Yuchengco-led RCBC to raise P5B from stock rights offering

Sep 29, 2014 - 3:32 PM

The planned stock rights offering entitles eligible shareholders to subscribe 1 right share for every 11 shares owned as of Oct 16

Xurpas to raise P1.4B funds through IPO

Aug 28, 2014 - 4:53 PM

The independent mobile consumer content provider is holding an IPO to raise funds for expansion and acquisitions

Ayala Corp to raise P15B for power, infra investments

Aug 26, 2014 - 3:00 PM

The conglomerate plans to issue preferred shares in the last quarter of the year

Martin Lorenzo group to venture into real estate

Aug 20, 2014 - 3:10 PM

The company that bought majority of the Cojuangco family’s Central Azucarera De Tarlac is eyeing industrial and residential development

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PDEX expects bond listings to hit P150B in 2014

Jun 08, 2014 - 3:14 PM

The fixed income exchange expects continued robust listing activities in the second half of the year


Lopez holding firm issues P1.8B in preferred shares

Jun 03, 2014 - 2:57 PM

At P500 each First Philippine Holdings says it has the option to redeem the shares starting on the 7th anniversary of the issue date

Photo by AFP

PSE re-elects current board

May 25, 2014 - 5:26 PM

The PSE gives a fresh one year mandate to its 15 man board

PSE may implement broker anonymity this year

Feb 27, 2014 - 6:22 PM

PSE says market investors are keen on the new rule

ANONYMOUS BROKERS. The PSE says broker anonymity will increase liquidity in the stock market. AFP Photo