Financial regulators are moving closer to completing the framework for Global Philippine Depository Receipts (GPDRs), a landmark financial product aimed at enhancing market liquidity and expanding investment options for local and international investors.
The Bangko Sentral ng Pilipinas (BSP), through the Islamic Finance Coordination Forum (IFCF), hosted the “Stakeholders’ Forum on Domestic Sukuk Issuance” to expand access to financing for Muslim-owned enterprises by promoting Sukuk, or Islamic bonds.
Mass housing developer 8990 Holdings Inc. has filed for voluntary delisting from the Philippine Stock Exchange (PSE), citing the market’s failure to fully reflect the company’s intrinsic value. This marks the second delisting on the PSE this year, following Keppel Philippines Holdings Inc.
Shares of Advanced Micro Devices (AMD) and Nvidia climbed on Tuesday after both companies announced plans to resume sales of their artificial intelligence (AI)...
BDO Unibank Inc., the country’s largest lender by assets, said Tuesday it has cut short the offer period for its fourth peso-denominated ASEAN Sustainability Bond due to strong investor demand.