Top News
Maynilad opens P34-B IPO following SEC nod
West Zone water provider Maynilad Water Services Inc. has begun its initial public offering (IPO) following the Securities and Exchange Commission’s (SEC) approval to sell shares to the public. The offer period, which started Thursday, runs until 29 October, with the company expected to list on the Philippine Stock Exchange (PSE) on 7 November under the ticker MYNLD.
Foreign funds back Maynilad’s P34-B share sale
Maynilad Water Services Inc.’s upcoming initial public offering, slated for next month, is expected to lift investor sentiment in the local equities market, amid easing interest rates.
New BSP rule opens more investment doors for OFWs
The Bangko Sentral ng Pilipinas (BSP) has revised its investment regulations to allow greater participation by overseas Filipino workers (OFWs) in retirement-focused funds, a move aimed at strengthening the country’s private pension system and capital markets.
BOP surplus shrinks to $82M in September
The Philippines posted a balance of payments (BOP) surplus of US$82 million in September, according to the Bangko Sentral ng Pilipinas (BSP). While positive, the figure is significantly lower than the US$3.5 billion surplus recorded in the same month last year.
Work starts on FTI Station, critical segment of PH’s largest railway project
The joint venture of Leighton Asia and First Balfour has begun construction on a vital component of the North–South Commuter Railway (NSCR), the country’s largest railway project.
