Corporate
Chinabank declares record cash dividends of P5.9 billion, up 16%
China Banking Corporation (Chinabank on Thursday announced that its board of directors declared a P1.20 per share regular cash dividend and an additional P1.00 per share special cash dividend, payable on 16 May 2024 to all stockholders on record as of 3 May 2024.
SEC makes permanent CDO vs MFT Group
The Securities and Exchange Commission has made permanent the cease and desist order (CDO) it issued against Maria Francesca Tan (MFT) Group of Companies Inc. and Foundry Ventures I Inc.
Metro Retail Stores earnings in 2023 hurt by higher inflation
Metro Retail Stores Group Inc. said Wednesday net income last year dropped 33 percent to P618 million due the adverse impact of inflation on sales and magnified by the absence of one-off gains from an accounting adjustment on leases and insurance claims made in 2022.
Fruitas Holdings completes P200 million private placement
Fruitas Holdings Inc., a listed operator of multi-format food and beverage stores, has successfully completed a maiden private placement of corporate notes that raised P200 million for working capital and other corporate purposes.
New rules let go of securities brokers minimum commission
The Securities and Exchange Commission has removed the minimum amount of commissions that stockbrokers charge their customers as part of efforts to perk up the stock market.
