Corporate
PSE acquires smaller stake in PDS, adjusts deal with BAP
The Philippine Stock Exchange (PSE) has reached a revised agreement with the Bankers Association of the Philippines (BAP) to purchase a smaller stake in the Philippine Dealing System Holdings Corp. (PDS), a key player in the country’s fixed income market.
Top Line posts P90.5M net Income
Cebu-based fuel retailer Top Line Business Development Corp. posted a record P90.5 million net income in the first nine months of 2024, more than double its performance from the same period in 2023.
SEC raises P2.2B for MSMEs from crowdfunding, IPOs
The Securities and Exchange Commission (SEC) has successfully facilitated the raising of over P2.2 billion for micro, small, and medium-sized enterprises (MSMEs) through crowdfunding and initial public offerings (IPOs), marking a significant milestone in the Philippines’ capital market development.
Meralco, San Miguel, Aboitiz complete USD3.3B power deal
Meralco PowerGen Corp. (MGEN), a subsidiary of Manila Electric Co., alongside San Miguel Global Power Holdings Corp. (SMGP) and Aboitiz Power Corp., has successfully closed a USD3.3 billion joint investment agreement.
BOC Intercepts Undeclared Foreign Currency Worth PhP24.20 Million
As part of the Bureau of Customs’ (BOC) intensified efforts to strengthen border protection, the BOC, through the Collection District III (NAIA), in coordination...
