THE Department of Agriculture (DA) is considering sugar imports of as much as 450,000 metric tons (MT) following an order from the President to maintain a two-month buffer stock of the commodity. Rex C. Estoperez, DA deputy spokesman, said on Wednesday in response to a question about sugar import plans: “Our information is that 450,000 […]
Tag: stock
Marcos orders 2-month buffer stock for sugar
THE GOVERNMENT will maintain a two-month buffer stock of sugar to contain price volatility in the commodity, Malacañang said in a statement on Monday, citing a briefing President Ferdinand R. Marcos, Jr. delivered en route to the Davos conference in Switzerland. “We will maintain from now on, in sugar, a two-month buffer stock,” Mr. Marcos […]
Impro: Share price of U.S. peer up nearly 300% in three years. Impro issues positive profit alert with extremely low comparable valuation
HONG KONG, Jan 16, 2023 – (ACN Newswire via SEAPRWire.com) – The latest macro data published by the U.S. is not ideal. The market expects the Fed will continue to raise interest rates through to the end of 2023. By then, the federal funds rate may reach 4.9% and the higher interest rate level will […]
Soligenix On Track to Deliver Important Front-Line Treatment to US Market in 2024
NEW YORK, NY, Jan 16, 2023 – (JCN Newswire via SEAPRWire.com) – PCG Digital — Soligenix, Inc. (Nasdaq: SNGX), a late-stage biopharmaceutical company, is on track to deliver a safe and effective front-line treatment to a community of patients living with a rare, chronic cancer. [Image: Soligenix, Inc.] Cutaneous T-cell lymphoma (CTCL) is difficult to […]
Megawide board OK’s capital hike to P5.12 billion
MEGAWIDE Construction Corp. announced on Monday that its board of directors recently approved an increase in the company’s authorized capital stock to P5.12 billion from P5.08 billion currently. The authorized capital stock of preferred shares will increase to 186 million from 150 million, the company told the stock exchange. “The increase in authorized capital stock […]
Globe Telecom CEO sees stock trade, loans as next profit source
Globe Telecom Inc. is pursuing mobile stock trading and lending to unserved consumers as growth from its traditional business tapers off, President Ernest L. Cu said. Globe, which counts Singapore Telecommunications Ltd. and conglomerate Ayala Corp. as its largest shareholders, is building its lending business through its GCash platform which already has a loan portfolio […]
RCBC gets P27B capital infusion from SMBC
THE Board of Directors of Rizal Commercial Banking Corp. approved Thursday, Nov. 3, 2022, the increase in the shareholding of Sumitomo Mitsui Banking Corp. (SMBC), an existing shareholder of 4.999 percent of the total outstanding common stock of the bank, to 20 percent through the combined sale and subscription of an aggregate of 382,057,224 common […]
Inflation, weak peso seen slowing PHL growth
GROWTH will likely slow as the Philippines grapples with rising prices, the peso’s depreciation, and a broader slowdown in other economies, according to an economist. “Domestically we are facing the triple threat of surging prices, rising borrowing costs and elevated debt levels. Slower global trade and the impact on remittances should sap growth momentum even […]
POGOs’ exit seen to bring 650,000 sq.m. of office space
THE exit of Philippine offshore gaming operators (POGOs) will contribute 650,000 square meters (sq.m.) of vacant office space but can be offset by transaction activity and demand take up, Colliers Philippines said. “We need to move on from POGOs for the office sector. I think half of them have already left the country. The current […]
SC rules in favor of firm linked to Imelda Marcos’ deceased brother
THE SUPREME Court (SC) has ordered the country’s anti-graft court and the Presidential Commission on Good Government (PCGG) to release the shares of a company linked to the late dictator Ferdinand E. Marcos’ brother-in-law. In a 17-page decision on July 6 and made public on Sept. 21, the SC First Division ruled that the Sandiganbayan […]
InnoCare Completes Initial Public Offering on the STAR Market of the Shanghai Stock Exchange in China
EQS Newswire / 21/09/2022 / 12:58 UTC+8 InnoCare Completes Initial Public Offering on the STAR Market of the Shanghai Stock Exchange in China Beijing, Sep. 21, 2022 – InnoCare Pharma (HKEX: 09969), a leading biopharmaceutical company for the treatment of cancer and autoimmune diseases, announced today that the Company has successfully got listed on […]
Philippine Stock Exchange targets 20 initial public offerings in 2023
THE PHILIPPINE Stock Exchange (PSE) is targeting 20 new company listings in 2023, its president said on Thursday. “We (will have) 11 this year, I mean there’s no reason why we cannot target 20 next year,” PSE President and Chief Executive Officer Ramon S. Monzon said during the Road to IPO virtual event. The PSE […]
PSE: Stock investing via GCash eyed to start by November
THE Philippine Stock Exchange (PSE) has partnered with GCash to allow users of the mobile wallet to directly invest in the stock market, a top official disclosed.In a television interview, PSE president and chief executive officer Ramon Monzon said “GCash and PSE have agreed to tie up.”This means offering stock trading to the 67 million […]
Champion REIT Partners with St. James’ Settlement in Summer Movie Screening for SEN Children
HONG KONG, Aug 22, 2022 – (ACN Newswire via SEAPRWire.com) – Champion Real Estate Investment Trust (“Champion REIT” or the “Trust”) (Stock Code: 2778), owner of Three Garden Road and Langham Place, partnered with St. James’ Settlement again this year to hold a movie screening of Doraemon: Nobita’s Little Star Wars at Cinema City, Langham […]
China Petroleum & Chemical Corporation Announces Intention to Delist American Depositary Shares from the New York Stock Exchange
EQS Newswire / 12/08/2022 / 17:29 UTC+8 China Petroleum & Chemical Corporation Announces Intention to Delist American Depositary Shares from the New York Stock Exchange NEW YORK, August 12, 2022 — China Petroleum & Chemical Corporation (“Sinopec Corp.” or the “Company”) (NYSE:SNP)(HKEX:00386)(SSE:600028) announced today that the Company has notified the New York Stock […]
Peso climbs vs dollar on slower US CPI in July, stock index’s rise
THE PESO rebounded versus the greenback on Thursday on slower-than-expected US inflation and as the local stock market posted gains. The local unit closed at P55.30 per dollar on Thursday, appreciating by 36.5 centavos from its P55.665 finish on Wednesday, data from the Bankers Association of the Philippines showed. The peso opened Thursday’s session at […]
Peso rebounds vs dollar on lower oil prices, PHL stocks’ 3-day rally
THE PESO rebounded against the dollar on Thursday as global oil prices declined and on positive market sentiment as the country’s benchmark stock index rose for the third straight day. The local unit closed at P55.60 per dollar on Thursday, gaining 14 centavos from its P55.74 finish on Wednesday, based on Bankers Association of the […]
Philex raises P2.65B in stock rights offering
PHILEX Mining Corp. has raised P2.65 billion in a stock rights offering that marked its listing on the stock exchange on Wednesday. The mining company will use the funds raised from the offering to pay for mine development, construction of a mill plant and support facilities and storage tailings facility for its Silangan project located […]
China-Euro Stock Connect Launch to a Flying Start, Gotion High-Tech GDR is officially listed on the SIX Swiss Exchange
HONG KONG, Aug 1, 2022 – (ACN Newswire via SEAPRWire.com) – At 9:00 p.m. on July 28, Beijing time and 3:00 p.m. on July 28, Swiss time, Gotion High-Tech’s GDRs were successfully listed on the SIX Swiss Exchange with the sound of six crisp bells. The Chinese Ambassador to Switzerland, Wang Shiting, Swiss SIX Group […]
Emperador shares jump after Singapore debut
By Bernadette Therese M. Gadon, Researcher INVESTORS snatched up Emperador, Inc. after it debuted on the Singapore stock exchange last week. Data from the Philippine Stock Exchange showed a total of 32.24 million shares worth P562.55 million were traded from July 11 to 15. Shares in Emperador jumped by 6.5% week on week, finishing at […]