Corporate
Salceda seeks to invigorate stock market with transaction cost cuts
The Philippines suffers from a stagnant equities market often ignored by wealth-chasing foreign investors mostly on account of cost considerations rather than on the quality of company stocks traded at the Philippine Stock Exchange (PSE).
GSIS raises Metro Pacific stake to 11.98%; acquires 2.49B shares
State pension fund Government Service Insurance System more than doubled its stake in Metro Pacific Investments Corp., a diversified investment holding company planning to delist from the Philippine Stock Exchange.
PSE adopts two-day clearing cycle
The Securities Clearing Corporation of the Philippines, wholly-owned subsidiary of the Philippine Stock Exchange Inc., has migrated to a shortened settlement cycle of only two days.
SEC seeks alignment of short selling guidelines with ASEAN markets
The Securities and Exchange Commission on Monday bared confidence in the potential of short selling as prominent feature of trading activities in the local equities market.
Fruitas raises P20 million from sale of preferred shares to directors
Fruitas Holdings Inc. said its board has approved the issuance of 2 billion unlisted preferred shares to Lush Properties Inc., a company owned by two of the listed food and beverage company’s directors and officers.
