December 5, 2023
CORPORATE capital raising will likely not top P200 billion next year unless the listing of SM Prime Holdings Inc.’s real estate investment trust (REIT) pushes through, the Philippine Stock Exchange, Inc. (PSE) chief said last week. “We cannot hit 200 [billion pesos],” PSE President and Chief Executive Officer Ramon Monzon told reporters in Filipino last
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PHILIPPINE Stock Exchange Inc. (PSE) President and Chief Executive Officer Ramon Monzon on Friday reaffirmed the bourse’s commitment to implement a standardized framework for sustainability reporting. “As a regulator, we support greater transparency in the reporting of sustainability policies, practices, and data to provide shareholders and other stakeholders as much information as possible,” Monzon said
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THE Philippine Stock Exchange Inc. (PSE) can now pursue plans to take control of Philippine Dealing System Holdings Corp. (PDS), the Securities and Exchange Commission (SEC) said on Friday. The commission en banc, in a meeting last Tuesday, resolved to allow the PSE to “apply for exemptive relief from the mandatory limit on ownership and
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THE Philippine Stock Exchange (PSE) saw its nine-month net income rise 19.9 percent to P575.65 million from P480.07 million on higher investment returns. In a briefing for analysts and investors on Wednesday, bourse officials reported that investment income climbed by 210.7 percent to P128.76 million as of end-September, a reversal of the P116.3-million net loss
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PAPER product maker Steniel Manufacturing Corp. is at risk of being automatically delisted from the main board of the Philippine Stock Exchange (PSE) if it remains non-compliant with the minimum public ownership (MPO) requirement, the bourse said Monday. In a memorandum circular, the PSE noted that Steniel Manufacturing, whose shares had been suspended from trading
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THE Philippine Stock Exchange (PSE) is targeting the rollout of cross-border trading of both local securities and shares of foreign-listed companies via depository receipts (DRs) next year. PSE President and Chief Executive Officer Ramon Monzon said the initiative would be launched in the fourth quarter of 2024 and after the bourse finalizes the regulatory framework
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THE Philippine Stock Exchange (PSE) has approved ACEN Corp.’s follow-on public offering of the company’s perpetual preferred shares. The local bourse said it has authorized the shelf listing of up to 50 million perpetual preferred shares with an offer price of P1,000 per share. “The shares shall be offered by ACEN within a period of
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The Philippine Stock Exchange Inc. (PSE) said its net income in the first half rose by 11 percent to P417.51 million from the previous year’s P375.15 million on higher investment income. Operating revenues were lower by almost 13 percent to P740.09 million from the P849.24 million recorded last year due to a 21-percent and a
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The Philippine Stock Exchange (PSE) objected to what it said Holcim Philippines Inc. accused the exchange of complications related to the tender offer. “PSE strongly objects to this attempt by the company to ‘blame’ the company,” said a statement released after Holcim announced last Friday that PSE had rejected a petition to lift the trading
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The Philippine Stock Exchange (PSE) said on Tuesday that it has partnered with the United Kingdom’s flagship program dubbed “Institutional Capital Raising Through Listed Product Structures” or MOBILIST. PSE said the program supports investment solutions that help ensure the transition to climate change and the achievement of the United Nations Sustainable Development Goals in developing
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