The Market Monitor Minding the Nation's Business
The Department of Labor and Employment (DOLE) is now conducting a comprehensive review of subcontracting practices among companies, Labor Secretary Silvestre Bello III said.
Read More »DOLE starts review on subcontracting
Companies
Villar group’s retailer infuses P1.2B into capex
The Villar group’s retail arm All Value Holdings Corp. will invest P1.2 billion as capital expenditure to bring total AllHome appliance and furnishings stores to 20 by the middle of next year, optimistic about growth prospects of the home-improvement business.
Read More »Vega OKs tender offer for LIB shares
By Riza Lozada The board of San Miguel Corp. (SMC) unit Vega Telecom Inc. (VTI) approved the conduct of a voluntary tender offer for all the remaining 165.9-million common shares of listed Liberty Telecom Holdings Inc. (LIB) to comply with bourse requirements for the P70 billion sale of VTI to Globe Telecom and the Philippine Long Distance Telecommunications Inc. (PLDT). …
Read More »PSE forecasts P100B in capital raising through IPOs in final half
The Philippine Stock Exchange (PSE) expects a string of initial public offerings (IPOs) to be held in the second half of the year that is expected to raise P100 billion worth of new capital in the equities market.
Read More »Deca Homes backs Pony League tourney in Manila
Deca Homes, the premier mass-housing development arm of 8990 Holdings Inc., is supporting the Asia Pacific division championships of the Pony League to be held here beginning July 11.
Read More »Globe defends significance of 700MHz for fast internet
Major communications firm Globe Telecom (Globe) has stressed the need for the added bandwidth it acquired through a recent lucrative deal to improve Internet service in the country.
Read More »Stock index seen to breach 8,000
Share prices rallied above the 7,800-mark amid raised optimism in the business sector after the oath taking of President Rodrigo Duterte and prospects that the United States (US) interest rate hike will be deferred until next year.
Read More »JG Summit buys up 577M shares to increase stake in power-plant operator Global Business
Gokongwei group flagship JG Summit Holdings Inc. (JGSHI) has agreed to purchase 577.2 million shares of Global Business Power Corp. (GBPC) consisting of 423.3 million shares from GT Capital Holdings Inc. and 154 million shares from Manila Electric Co. generation unit PowerGen Corp to expand its exposure in the energy business.
Read More »Pro-reform stance to induce flow of capital –think tank
President Duterte’s pro-reform administration will likely to attract foreign direct investment (FDI) inflows, US-based think-tank IHS Global Insight said.
Read More »Caltex bolsters additive package
The Caltex brand of US oil giant Chevron has reformulated its signature additive package with the addition of a new Clean & Glide technology.
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