listed firms - updates

Rappler's latest stories on listed firms


Proposed SEC rule to hit San Miguel, PAL Holdings, Andrew Tan firms

Jun 17, 2017 - 10:49 AM

About 68 listed Philippine firms including 4 Andrew Tan led businesses will need to sell more shares to the public if SEC hikes the minimum public float to 20

RAISE. The SEC proposed to double the minimum public float level to 20% by July 1, 2017.

8 Philippine companies among world's largest listed firms

May 25, 2017 - 8:00 PM

SMIC BDO JG Summit Ayala Top Frontier Metrobank Aboitiz and Meralco – with a combined market value of 72 4 billion – make it to Forbes 2017 Global 2000 list

LISTED. 8 Philippine companies were included in the Forbes' list of 2000 largest public companies in 2017.

William Belo: Doing business like a crocodile

Mar 14, 2017 - 12:43 PM

After 40 years Belo s home improvement company Wilcon is now a compelling retail player with a network of 36 big box’ and community stores

BIG BOX FOUNDER. William Belo to list home improvement retailer Wilcon Depot, which he found 40 years ago

PSE officially delists George Ty, MVP units

Dec 21, 2012 - 4:53 PM

FMIC and MPTC were officially delisted on December 21

Trading suspension by January 2013 awaits errant listed firms

Dec 17, 2012 - 4:23 AM

The Philippine Stock Exchange PSE reiterated its rule on minimum public ownership which slaps erring firms with trading suspension if they fail to meet the 10 minimum by January 2013

BIR adamant: Higher taxes await firms not meeting PSE rules

Dec 14, 2012 - 4:32 PM

The BIR said that if the company fails to meet the 10 minimum public ownership requirement the listed firm is essentially not considered publicly owned and that its transactions should not be different from other business deals

MORE STRINGENT. The Philippine Stock Exchange is implementing its minimum public ownership requirement for listed firms to continue having access to public money. Photo by AFP

Face higher taxes, gov't reminds listed firms below public float req't

Dec 05, 2012 - 11:29 AM

Government officials stand firm on the punishments they will impose on listed firms that do not comply with the minimum public ownership requirement as the December 31 deadline looms

Lucio Tan-led Tanduay becomes LT Group on Nov. 20

Nov 13, 2012 - 1:08 PM

Tanduay Holdings Inc will be renamed to LT Group Inc and will use the stock symbol LTG

San Miguel to sell Pure Foods shares to comply with PSE req't

Nov 12, 2012 - 6:54 PM

San Miguel Corp is selling up to P7 5 billion worth of its shares in its food manufacturing unit San Miguel Pure Foods Co Inc to comply with the stock exchange s minimum public ownership

Blame the euro crisis? Hot money drops 68% in May

Jun 15, 2012 - 5:44 PM

While the euro crisis has been touted as an opportunity for emerging economies like the Philippines to benefit from investments eastward tilt data on foreign portfolio investments in May showed otherwise

CEO of Generali insurance ousted by shareholders: source

Jun 03, 2012 - 8:51 AM

Top shareholders at Italian insurance giant Generali ousted their CEO with a no confidence vote on Saturday after a public battle over Giovanni Perissinotto s fate a source close to the matter said

2011 profits of listed firms down 1.9%

May 30, 2012 - 6:14 PM

Combined net earnings of listed firms decreased by 1 9 to P429 96 billion in 2011 from P438 09 billion in 2010 despite a healthy 17 5 increase in revenues

Public now owns 14% of Petron

Feb 08, 2012 - 4:26 PM

After the sale of shares owned by the employee s pension fund Petron now meets the minimum public float required of listed firms

Digitel soon to bid PSE goodbye

Jan 25, 2012 - 3:04 PM

Telecommunications firm Digital Telecommunication Phils Inc Digitel has asked the local stock exchange to allow it to delist its shares now owned and traded by a few

PH shares breach 4,700 level

Jan 19, 2012 - 4:48 PM

The PSEi closed at 4 700 37 on January 19 a record high for the second straight day

PH stocks soar on rate cut expectations

Jan 18, 2012 - 9:27 PM

The PSE index rose to 4 677 62 another historic high as market players anticipate that the monetary board will cut policy rates the next day

PH shares soar to new all-time high at 4,645

Jan 11, 2012 - 3:14 PM

UPDATED The Philippine Stock Exchange index an economic barometer soared to a new historic high after two consecutive days

SEC allows PLDT to move tender offer deadline to January 16

Jan 05, 2012 - 6:36 PM

PLDT says the extension will allow other Digitel minority shareholders including those who have recently filed a complaint to still sell their shares

Digitel minority owners complain PLDT paid Gokongweis more

Jan 04, 2012 - 7:35 PM

Four Digitel shareholders complain PLDT paid them P1 60 per share while the Gokongweis got P21 12

Meet 10% public ownership or face suspension, listed firms told

Jan 03, 2012 - 7:39 PM

New rules on minimum public ownership are part of capital market reforms to ensure that rights of minority shareholders are protected and companies are not in the hands of the few

Listed firms post 10% profit drop in 9-mo

Dec 28, 2011 - 11:12 PM

The economic crisis in the west caught up with listed local companies which reported lower profits of P308 9 billion

Is Manny Pangilinan guilty of insider trading?

Dec 13, 2011 - 8:00 AM

It is difficult to prove that businessman Manuel Pangilinan committed insider trading or price manipulation on Philex Mining shares in 2009 according to Sen Serge Osmena who talks to reporters after the Dec 13 2011 hearing on the deals between businessman Roberto Ongpin and state owned Development Bank of the Philippines