September 25, 2021 - Saturday
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Business

SEC greenlights AllDay’s P6-billion IPO

The Securities and Exchange Commission announced Friday it cleared the P5.8 billion initial public offering of supermarket operator AllDay Marts Inc. In a statement, the SEC said it approved the registration statement of AllDay, w ...

GDM | 21 hours ago

Business

Petron’s P50-billion bond offer gets SEC’s approval

Corporate regulators said Friday they approved the plan of oil company Petron Corp. to sell fixed-rate, peso denominated bonds to investors to raise cash for debt payments and capital requirements of a new power plant. In a statem ...

Photo courtesy of Petron website

GDM | 22 hours ago

Business

ADB keeps 2021, 2022 GDP forecast for Philippines

The Asian Development Bank kept its growth outlook on the Philippines, saying recovery will be supported by infrastructure spending, improving consumer confidence, and vaccinations. ADB maintained its forecast for the Philippines& ...

Photo: ADB Twitter

GDM | 3 days ago

Business

SEC sustains revocation of KingABC Lending’s license

Corporate regulators on Wednesday said they declared final and executory the revocation of license of KingABC Lending Corporation to operate a lending company, after it allegedly engaged in unfair debt collection practices. In a s ...

GDM | 3 days ago

Business

DOF: SSS members receive P2.62-B jobless insurance benefits

The Department of Finance on Tuesday said the Social Security System (SSS) has so far provided about 196,000 members of its pension fund a total of P2.62 billion in unemployment insurance benefits. In a statement, the DOF said mos ...

GDM | 3 days ago

Business

Converge shares to be traded in US markets soon

Converge ICT Solutions Inc. said Monday its shares will be traded over-the-counter in US financial markets, giving American investors another channel for them to invest in the company. In a disclosure to the stock exchange, Conver ...

GDM | 4 days ago

Business

Philippine Airlines plans more flights in October

Philippine Airlines said Monday it would expand international and domestic flights next month in anticipation of a tourist and business travel revival. In a statement, the company said it is banking on ramped up vaccinations in th ...

PAL PHOTO

GDM | 4 days ago

Business

Car importers post sales slump in August

Car importers posted a double-digit sales decline in August, no thanks to fresh lockdowns that hit demand anew. Imported cars sold in August stood at 3,919 units, down 18% year-on-year, the Association of Vehicle Importers and Dis ...

GDM | 1 week ago

Business

Globe is now largest PHL publicly-listed telco

Globe is now the largest telecommunications company in the Philippines in terms of market capitalization, the company announced Monday. In a statement, Globe, with trading symbol GLO at the Philippine Stock Exchange, said it now h ...

GDM | 2 weeks ago

Business

Financial consumers to benefit from proposed protection act

The Bangko Sentral ng Pilipinas (BSP) said Monday the proposed Financial Consumer Protection Act (FCPA) would be an enabling law for protecting financial consumer welfare.  “This legislative initiative has far-reaching ...

GDM | 2 weeks ago