The planned initial public offer of Mynt, the company behind GCash, could do more than raise fresh capital. It may provide the Philippine stock market with the kind of growth story it has been missing.
Philippine financial markets are heading into a pivotal week, with investors largely keeping their powder dry ahead of policy decisions from the Bangko Sentral ng Pilipinas (BSP) and the US Federal Reserve that could shape the direction of stocks, bonds and the peso in the weeks ahead.
The Securities and Exchange Commission (SEC) has streamlined the country’s securities borrowing and lending framework by assigning all administrative functions to the Philippine Stock Exchange (PSE), aiming to create a more efficient and integrated short selling market.
Rookie PH is accelerating its expansion in Metro Manila, opening two new stores and rolling out back-to-school promotions as it seeks to bring global kids’ fashion brands closer to Filipino families ahead of the new school year.