Corporate
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.
Filreit rejects asset acquisition at this time when stock prices have yet to improve
Filinvest REIT Corp., the real estate investment trust of the Gotianun group, on Wednesday ruled out acquiring more assets at this time when the equities market has yet to recover and stock prices have yet to improve.
