Markets
PSE pushes retail investing to combat gambling trend
The Philippine Stock Exchange (PSE) is ramping up efforts to attract more retail investors to the local stock market as it faces the challenge of competing with the growing popularity of online gambling and non-essential spending.
Hotel101 Global debuts on Nasdaq July 1
DoubleDragon Corp.—the brainchild of Jollibee’s Tony Tan Caktiong and Mang Inasal pioneer Injap Sia—said Tuesday that its subsidiary, Hotel101 Global, will begin trading on the Nasdaq under the ticker symbol “HBNB” starting July 1 (evening Manila time).
HPE, Juniper shares surge as merger gains DOJ clearance
Shares of Hewlett Packard Enterprise Co. and Juniper Networks Inc. surged Monday after the tech companies reached a settlement with the U.S. Department of Justice on their proposed USD14 billion merger, under a settlement that addresses competition concerns.
Nike shares soar despite Q4 earnings fall
Shares of Nike Inc. surged 15 percent on Friday, as investors embraced the company's upbeat outlook and strategic “Win Now” plan, despite a steep drop in both quarterly and full-year earnings for the period ending May 31.
Hotel101 rings Nasdaq bell; nears debut
DoubleDragon Corp. founders Tony Tan Caktiong and Edgar “Injap” Sia II led Hotel101 Global executives in ringing the Nasdaq opening bell in New York, marking a major step toward the Filipino company’s anticipated public listing. This follows the U.S. SEC’s June 2 approval of the registration statement for Hotel101 Global’s planned merger with Nasdaq-listed JVSPAC Acquisition Corp., a Hong Kong-based SPAC formed in 2021. The move signals the global ambitions of the Hotel101 brand, known for its standardized hotel concept. “This moment is for every Filipino who dares to dream big,” said Hotel101 Global CEO Hannah Yulo-Luccini at the ceremony.
