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PSE: Fallout from R&L Investments fiasco could reach billions

ABS-CBN News
Posted at Nov 11 11:04 PM

The Philippine Stock Exchange asserts the large scale theft that rocked the local market last week is not systemic. Read more »

Review of trading deals will help identify amount involved in brokerage theft: PSE president

ABS-CBN News
Posted at Nov 11 05:06 PM

The Philippine Stock Exchange will review the trading records of R&L Investments and some other firms to “identify” the actual amount involved in the million-peso theft as compared to the reported missing amount of P700 million, PSE president Ramon Monzon said Monday. Read more »

SEC demands truth in probe on P700-million stock theft

ABS-CBN News
Updated as of Nov 08 04:12 PM

The investigation being conducted by the Capital Markets Integrity Corporation (CMIC) should provide clarity on how the transactions that nearly “wiped out” the position of R&L Investments “slipped past multiple control measures,” the SEC said in a statement.  Read more »

Empleyado ng brokerage firm huli sa pagsimot ng pera ng kompanya

ABS-CBN News
Updated as of Nov 07 08:58 PM

Arestado ang empleyado ng isang stock brokerage firm na umano ay nakadispalko at sumimot sa pera ng kompanya, na aabot sa P750 milyon, sabi ngayong Huwebes ng pulisya.   Read more »

Theft uncovered at 50-year-old stock brokerage

ABS-CBN News
Updated as of Nov 07 06:44 PM

The scale of the theft was unprecedented, "definitely not to this degree," PSE baord member Ali Yu told ANC, as he urged other brokerage houses to check their records. Read more »

Metro Pacific welcomes change in PPP infra list

ABS-CBN News
Updated as of Nov 07 07:26 AM

Metro Pacific Investments, a major player in the Philippine infrastructure sector, welcomed the Duterte administration's change of heart on public-private partnership projects. Read more »

Philippines jumps in World Bank ease of doing business ranking

ABS-CBN News
Updated as of Oct 24 09:06 PM

The Philippines rose to 95th place from 124th while its over-all score improved to 62.9 from 60.9 point in 2019, the World Bank said. China and India made the top 10 list of governments that have done the most in the past year to improve. Read more »

Fil-Chinese businessmen urge Congress to pass CITIRA bill by year-end

ABS-CBN News
Posted at Oct 15 11:12 PM

A group of Filipino-Chinese businessmen calls for the immediate passage of the second tax reform package. Read more »

Metro Pacific to sell part of hospital business for P35.3 billion

Reuters
Posted at Oct 15 11:28 AM

Metro Pacific also said it was postponing a previously flagged $1.6 billion initial public offering for Metro Pacific Hospital Holdings Inc, which operates 14 hospitals, many of which are among the largest and most modern in the Philippines. Read more »

Philippines slips in World Economic Forum competitiveness ranking

ABS-CBN News
Updated as of Oct 09 12:13 PM

Socioeconomic Planning Secretary Ernesto Pernia Jr said the government was taking steps to improve the Philippines' score, citing recent reforms such as the Ease of Doing Business Law. Read more »

Taiwanese businessmen urged to invest in PH tourism, entertainment sectors

ABS-CBN News
Posted at Oct 04 03:03 PM

Local groups urged Taiwanese businessmen to invest in the country's tourism, entertainment and travel sectors during a Philippine Tourism and Investment Forum held Thursday in Taipei. Read more »

How to start growing your stock investments

Moneymax.ph
Posted at Oct 02 11:56 AM

Looking to grow your money? Try your hands on stock investments. You can start investing for as low as PHP 1,000, as long as you have enough funds to purchase stocks and pay trading fees. Some stockbrokers don’t require a minimum investment amount. Read more »

Incentives should be removed from scope of CITIRA: tax expert

ABS-CBN News
Posted at Sep 27 06:53 PM

Tax consultant Mon Abrea urges lawmakers to take out incentives from the coverage of CITIRA or the tax reform bill package 2, and make the proposal to rationalize them a separate bill. Read more »

Japan's Shiseido launches local unit to grow market reach in PH

Bruce Rodriguez, ABS-CBN News
Posted at Sep 27 04:35 PM

Japanese personal care company Shiseido cemented its operations in Philippine with the launch of its local arm in a bid to expand market reach, one of its officials said Thursday.  Read more »

Toyota to raise stake in Subaru to over 20 percent: Nikkei

Reuters
Posted at Sep 27 11:34 AM

Toyota Motor Corp. plans to raise its stake in Subaru Corp. to more than 20 percent from around 17 percent now, expanding their partnership to invest more effectively in new technologies, Nikkei reported on Friday. Read more »

Mayor Isko lures businesses to reinvest in Escolta with '15 years tax-free' promise

Katrina Domingo, ABS-CBN News
Posted at Sep 14 03:53 AM

MANILA—Businesses that will purchase land and replace Escolta's worn-out establishments with high-rise buildings will be exempted from paying taxes in Manila for 15 years, Mayor Isko Moreno said Friday as he urged investors to help the local government redeem the capital's once-bustling commercial center. Read more »

Foreign investments bill gets backing of foreign business groups

ABS-CBN News
Posted at Sep 11 05:30 PM

MANILA - A bill seeking to amend the law governing foreign investments in the Philippines will attract more investors, a coalition of foreign business groups said Wednesday.  Read more »

Dissecting Data: Foreign direct investments fall in first half

ABS-CBN News
Posted at Sep 11 04:25 PM

Foreign direct investments declined in the January to June period compared to the same period in 2018. At $3.58 billion, the first half haul was valued lower compared to the first 6 months of 2017. Read more »

SM 'not that concerned' over offshore gaming woes with 'minimal exposure'

Cathy Yang, ABS-CBN News
Updated as of Sep 11 09:56 PM

SM Prime Holdings has “very few” Philippine Offshore Gaming Operations (POGO) take up, while its residential business has “less than 5 percent” of direct sales to buyers from mainland China, SM Investment Corp president and CEO Frederic DyBuncio said. Read more »

SM grows new ventures, professionalizes after Henry Sy's passing

Cathy Yang, ABS-CBN News
Updated as of Sep 11 04:26 PM

There will be synergies among the nascent ventures and SM's core retail, banking and property arms, while they are unlikely to overtake the main businesses in terms of revenue said SM Investments President and CEO Frederic DyBuncio. Read more »