Corporate

Stock market accounts at the Philippine Stock Exchange Inc. rose 11 percent in 2023 to 1.9 million versus only 1.71 million in 2022, mainly the result of accounts created through the bourse’s online platform. 

Union Bank of the Philippines will list on Friday a total 327.1 million shares it sold in a stock rights offering that raised P10 billion in fresh capital for the country’s 9th largest lender by assets.

PLDT Inc. and its labor union reached an agreement to start negotiations for a new collective bargaining agreement, effectively terminating the planned strike.

Bloomberry Resorts Corp., the resorts and casino operations of billionaire Enrique Razon Jr., on Tuesday denied reports it is planning to establish a casino operation in Thailand.

Creador, which recently bought 18 percent of Asialink Finance Corp., projects Asialink to grow exponentially in the years forward now that it has more resources to address substantial unmet demands for loans from the largely unbanked small and medium enterprises.