Rappler's latest stories on capital markets
SEC orders takeover of R&L Investments
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
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
DW Capital faces SEC probe for P2.6B in 'unauthorized' trades
This comes after the watchdog unit of the Philippine Stock Exchange sought the corporate regulator s nod to take over DW Capital
PSE to sell common shares to reduce broker ownership
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
PSE's 9-month income increases by 12%
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
SEC approves Shell's IPO
This could be one of the largest maiden share offerings in the Philippines
Pilipinas Shell to raise P29.7B through IPO
Under the mandate of the Oil Industry Deregulation Act of 1998 Shell’s IPO should have been completed by 2002
Partners Group makes 'dynamic' PH its services hub
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
Rivals clash, stocks hit ahead of Brexit vote
Stock markets extended a global sell off after polls indicated increasing support for an exit from the 28 member bloc on June 23
PSE hopes to acquire 95% of PH Dealing System Holdings
PSE is waiting to secure relief from the Securities and Exchange Commission before proceeding with the purchase of a majority stake in PDSHC
Trade deal, easy monetary policy boost Asian stocks
Analysts say the Trans Pacific Partnership deal would boost stocks in the region adding to an already upbeat mood among investors
China highs and lows: No example for the Philippines
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
PH stock exchange records longest trading halt
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
Painful lessons learned 18 years ago have left Asian economies far more able to withstand severe shocks economists say
Shell IPO happening in 2016?
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
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
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
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
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
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
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
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
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
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
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
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
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
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
The technology firm’s offering is also 4 times oversubscribed
SEC okays Megawide P7B preferred share sale
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
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
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’
PAL minority shareholders can sell their shares through a voluntary tender offer
Del Monte to raise P94M from follow-on offering
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
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
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
The country s largest oil company will offer preferred shares for P1 000 each
Asian markets slip after IMF forecast cuts
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
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
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%
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
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
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
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
The conglomerate plans to issue preferred shares in the last quarter of the year
Martin Lorenzo group to venture into real estate
The company that bought majority of the Cojuangco family’s Central Azucarera De Tarlac is eyeing industrial and residential development
PDEX expects bond listings to hit P150B in 2014
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
At P500 each First Philippine Holdings says it has the option to redeem the shares starting on the 7th anniversary of the issue date
PSE re-elects current board
The PSE gives a fresh one year mandate to its 15 man board
PSE may implement broker anonymity this year
PSE says market investors are keen on the new rule
