Tag: Philippine Stock Exchange

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Manulife launches normal shares repurchase

Manulife has secured approval from the Toronto Stock Exchange for a normal course issuer bid, allowing the insurance company to buy back and cancel up to 42 million of its common shares. Outside Canada and the U.S., Manulife said it may undertake similar buybacks in other markets where it is listed, such as the Philippine Stock Exchange, in compliance with local regulations.

Alternergy marches forward as bell rings

Alternergy Holdings Corp. on Friday, November 21, led the bell-ringing ceremony at the Philippine Stock Exchange (PSE) to highlight its recognition as the first...

President Marcos urges SEC to fast-track reforms for capital market growth

President Ferdinand Marcos Jr. on Tuesday called on the Securities and Exchange Commission (SEC) to streamline its regulatory processes, reduce transaction costs, and accelerate reforms to support the growth of the Philippine capital market, aligning with the goals of the newly enacted Capital Market Efficiency Promotion Act (CMEPA).

It’s a go for Upson’s P4.88 billion IPO

Upson International Corp., a retailer of personal computers and information technology products, has secured the approval of the Philippine Stock Exchange (PSE) for its P4.88 billion initial public offering. 

Some share buyback programs coming to an end

A number of listed companies at the Philippine Stock Exchange have instituted share buyback programs in recent years, primarily to shore up sagging stock...

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DOE halts bidding of key coal areas; new regulatory framework planned

The Department of Energy (DOE) has terminated the bidding process for pre-determined coal resource blocks under the 2026 Philippine Conventional Energy Contracting Program (PCECP), to make way for a stronger, fairer evaluation system aligned with national interests.

Richli Water completes water treatment plant in Bohol

Richli Water Inc. (RWI), a local water distribution utility, has completed construction of the Bugwak Sevilla Water Treatment Plant in Bohol—a key infrastructure project set to boost the province’s water security and cut reliance on groundwater sources.

Filipinas blank Hong Kong, boost Asian Games QF bid

The Philippines’ national women’s football team blanked Hong Kong, 2-0, on a cool Thursday night at Gifu Nagaragawa Stadium in Japan, moving closer to the Asian Games quarterfinals with a performance built on efficiency rather than territorial dominance.

Yuchengco seeks SEC withdrawal of broker-director term limit rule; challenges mandate in court 

Former Philippine Stock Exchange chair Ma. Vivian Yuchengco is urging the Securities and Exchange Commission (SEC) to withdraw a circular that sets term limits for the bourse’s broker-directors, stating the move weakens fundamental corporate governance principles and shareholder rights. In her statement, Yuchengco emphasized that good governance depends on directors earning and retaining shareholders’ trust, while regulators must respect that electoral choice. She noted that repeated re-election should not be dismissed by the SEC, but rather reinforces the commission’s duty to clearly justify why such a choice should be overridden. Along with fellow director Eddie Gobing, Yuchengco has also filed a petition with the Court of Appeals to have the rule declared unconstitutional; both bring extensive board experience, with Yuchengco having served 28 years and Gobing 25 years.

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