Corporate
Increased production, gold prices push Apex Mining 2024 income 28% higher
Apex Mining Co. Inc., a publicly listed mining company, announced a strong 28 percent increase in its consolidated net income for 2024, reaching P4.3 billion, compared to P3.4 billion in 2023.
PSE eases public float rule to boost liquidity for large IPOs
The Philippine Stock Exchange Inc. (PSE) has received approval from the Securities and Exchange Commission (SEC) to temporarily relax the minimum public float requirement for companies raising over P5 billion, such as Globe Fintech Innovations Inc. (Mynt), which owns GCash.
Stock transactions seen surging seven-fold following Capital Market Efficiency Act
The Philippine stock market is poised for a significant boom, with transactions expected to increase by seven times once the Capital Market Efficiency Promotion Act (CMEPA) is signed into law, according to Frederick Go, Special Assistant to the President for Investment and Economic Affairs Secretary.
Global Ferronickel reports 59.5% profit decline in 2024
Global Ferronickel Holdings Inc. (FNI) has reported a significant 59.5 percent drop in net income for 2024, reaching P733.78 million, down from P1.8 billion in 2023.
EEI announces management buyout deal
EEI Corp., a leading construction firm with a 93-year legacy, has announced a management buyout led by its president and chief executive officer, Henry D. Antonio.
