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Brand affinity plays 'major role' in successful Monde Nissin IPO: PSE president

Jessica Fenol, ABS-CBN News
Updated as of Jun 01 11:40 AM

Brand affinity likely played a major role in the successful initial public offer of homegrown brand Monde Nissin, Philippine Stock Exchange president and CEO Ramon Monzon said Tuesday during the company's listing ceremony.   Read more »

Metro Pacific 'interested' in local manufacture of COVID-19 vaccines, boosters: MVP

Bruce Rodriguez, ABS-CBN News
Posted at May 28 04:56 PM

Philippine infrastructure conglomerate Metro Pacific Investments Corp is interested in the local manufacture of vaccines against COVID-19. Read more »

PH manufacturing poised for growth this year: industry watchers

Bruce Rodriguez, ABS-CBN News
Posted at May 27 06:05 PM

The outlook for the Philippine manufacturing sector is looking bright this year, according to officials from both private and public sector groups.   Read more »

US, PH agencies acknowledge opportunities on vaccine manufacturing cooperation

ABS-CBN News
Posted at May 25 10:56 PM

The Philippine Embassy in the United States touted Tuesday a recent virtual forum between key offices of Manila and Washington that could lead to "exploration" of areas of partnership in vaccine manufacturing and distribution. Read more »

Foreign chambers back amendments to Public Services Act

ABS-CBN News
Posted at May 24 03:03 PM

Several foreign chambers in the Philippines said on Monday they are backing the passage of a measure that aims to differentiate public utilities from public services to boost foreign investments in the country.   Read more »

Private equity's falling out of love with plastic packaging

Arno Schuetze , Reuters
Posted at May 21 08:42 AM

Private equity investment in the global plastic packaging sector has already slowed in recent years, with the combined deal values in 2016-2020, of $1.3 billion, being a third lower than in the five prior years, according to Refinitiv data. Read more »

Gokongweis to invest P1.25 billion in Shakey's for 9-pct ownership slice

ABS-CBN News
Posted at May 12 12:12 PM

Shakey’s Pizza Asia Ventures Inc said Wednesday the Gokongwei family would invest P1.25 billion in the company which translates to 9 percent ownership stake. Read more »

PH books $608 million FDI net inflows in Feb

ABS-CBN News
Posted at May 10 05:33 PM

The Philippines booked $608 million in net inflows of foreign direct investments in February, the Bangko Sentral ng Pilipinas said on Monday. Read more »

The beginner's guide to global investments

AXA
Posted at May 10 11:00 AM

Exploring offshore markets is a natural progression for anyone who considers himself a serious investor. Read more »

GCash says more Filipinos signup to save, invest as userbase grows to 40 million

ABS-CBN News
Posted at May 07 02:36 PM

Over 40 million Filipinos have GCash accounts as of end of April which now has access to other financial services such as investments, insurance and savings done through the mobile app, the operator said Friday.   Read more »

'Lucky Me' maker set to hold Philippines' biggest IPO next week: sources

Reuters
Updated as of May 06 04:19 PM

Food manufacturer MondeNissin plans to open the books for a P48.6 billion ($1 billion) IPO next Tuesday at a fixed price of P13.50, people with knowledge of the transaction said. Read more »

With eye on China, EU drafts rules to curb state-backed foreign buyers

Sabine Siebold, Reuters
Posted at May 05 07:39 PM

The European Commission proposed rules on Wednesday to restrain companies that benefit from foreign subsidies to buy EU businesses or take part in public tenders, with a particular eye on fending off unfair competition from China. Read more »

Philippines lays out AI industry road map

Bruce Rodriguez, ABS-CBN News
Posted at May 05 07:37 PM

The Department of Trade and Industry on Wednesday launched the National Artificial Intelligence (AI) Roadmap which aims to make the country a regional hub for AI-based solutions and data analytics. Read more »

$541 million in 'hot money' exit Philippines in March: BSP

ABS-CBN News
Posted at Apr 29 02:29 PM

The Bangko Sentral ng Pilipinas said BSP-registered foreign portfolio investments (FPIs) for March 2021 yielded net outflows of $541 million.  Read more »

SM Group to vaccinate thousands of employees for free

Bruce Rodriguez, ABS-CBN News
Posted at Apr 28 07:36 PM

SM Investments Corporation aims to vaccinate thousands of its employees for free as it seeks to boost its recovery from the negative economic impact of the COVID-19 pandemic. Read more »

Investor group calls for banks to set tougher climate targets

Simon Jessop and Ross Kerber, Reuters
Posted at Apr 19 11:37 AM

A group of investors managing $11 trillion in assets has called on banks to set tougher emissions targets ahead of a meeting of world leaders aimed at accelerating efforts to fight climate change.   Read more »

Lawmakers have power to revoke order lowering imported pork tariff - Palace

ABS-CBN News
Posted at Apr 13 09:19 PM

Malacañang on Tuesday said it is up to the country's lawmakers if they want to revoke Executive Order No. 128, which modifies the tariffs on imported pork.   Read more »

Grab to announce merger with US SPAC, to be valued at nearly $40B: sources

Anshuman Daga, Reuters
Posted at Apr 13 02:11 PM

Southeast Asia's largest ride-hailing and food delivery firm Grab Holdings is set to announce later on Tuesday a merger with US-based Altimeter that is set to value Grab at nearly $40 billion and lead to a public listing, three people told Reuters. Read more »

Philippines draws 'strong growth' in foreign direct investments for January 2021: BSP

ABS-CBN News
Posted at Apr 12 11:16 AM

The Philippines booked a total $961 million in net inflows of foreign direct investments (FDI) in January 2021 higher by 41.5 percent compared to the same period last year, the Bangko Sentral ng Pilipinas said Monday Read more »

$40 million net 'hot money' left Philippines in February: Bangko Sentral

ABS-CBN News
Posted at Mar 31 07:55 PM

The Philippines booked $40 million in net outflows of central bank-registered foreign portfolio investments or "hot money" in February, the Bangko Sentral ng Pilipinas said on Wednesday.  Read more »