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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NNIC remits P78B to government, invests P6.8B in NAIA overhaul

New NAIA Infra Corp. (NNIC) has remitted P78 billion to the national government and poured P6.8 billion into rehabilitation and modernization works at the Ninoy Aquino International Airport (NAIA) since taking over operations of the country’s main gateway on September 14, 2024, marking substantial early progress under the public-private partnership (PPP) framework.

Manulife, Chinabank renew bancassurance tie; MCBL marks new milestone

Manulife president and chief executive officer Phil Witherington visited Manila recently to meet with Chinabank’s executive leadership, highlighting the deepening long-standing bancassurance partnership between the two firms through Manulife China Bank Life Assurance Corporation (MCBL).

Ayala, BIR team up on AI-powered tax assistant

Ayala Corp. is bringing artificial intelligence into Philippine tax administration through a six-month partnership with the Bureau of Internal Revenue (BIR) to develop an AI-powered assistant designed to help revenue personnel find and verify tax rules faster.

Allianz PNB Life nearly doubles first-half new business

Allianz PNB Life (AZPNBL) nearly doubled new business in the first half of 2026, lifting the insurer to third place in the Philippine life insurance industry as it marked its 10th year of operations.

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