Markets
SEC seeks public comment on higher audit threshold
The Securities and Exchange Commission (SEC) has released a draft rule that would raise the audit threshold for corporations to more than P3 million in total assets or liabilities. The proposal aims to cut compliance costs for micro, small, and medium enterprises.
UBS scoops 144.3M shares to steady Maynilad
Maynilad Water Services Inc.’s market debut came with a splash and a safety net. UBS AG Singapore Branch, acting as the stabilization agent for the utility’s initial public offering, snapped up a hefty 144.3 million Maynilad shares during the stabilization window after the stock slipped below its P15 IPO price.
Policy easing expectations drive T-bill yields down
Treasury bill yields slipped further at Monday’s auction, with the rate on the one-year paper breaking below 5 percent as investors priced in expectations of monetary policy easing by the Bangko Sentral ng Pilipinas (BSP) later this week.
Bonds boosts Cebu Landmasters’ green momentum
Cebu Landmasters, Inc. (CLI) has secured P4 billion from an oversubscribed sustainability-linked bond (SLB) sale, its second strong market showing this year. The bond sale highlights solid investor confidence in the Visayas-Mindanao developer’s growth and sustainability agenda.
Netflix makes historic USD83B power play, buys Warner Bros
Netflix’s bold move to acquire Warner Bros. from Warner Bros. Discovery (WBD) in a USD82.7-billion cash-and-stock deal sent shockwaves through Hollywood on Friday, along with a jolt of anxiety on Wall Street.
