The Market Monitor Minding the Nation's Business
The public should exercise caution in dealing with individuals who are not licensed to solicit funds for stock market investments, the Philippine Stock Exchange Inc. (PSE) warned in an advisory.
Read More »PSE advises caution amid bourse scam
Companies
After long wait, Shell vows to list in stock exchange after 2016 polls
Pilipinas Shell Petroleum Corp. will likely hold its long-delayed initial public offering (IPO) after the national elections next year, Shell Companies in the Philippines country chairman Edgar Chua said.
Read More »8990 eyes East African venture with Singaporean company
Mass-housing developer 8990 Holdings Inc. is in talks with a listed Singaporean company to form a joint venture to build up to 100,000 housing units in Tanzania, the largest of the East African countries.
Read More »Lucio Co group books P3-B profit in 9 months
By Riza Lozada Cosco Capital Inc., the retail holding firm of Lucio Co, reported a net income of P3.01 billion for the first nine months representing an 18 percent improvement from P2.55 billion profit a year ago.
Read More »Max’s spreads wings to California via deal
By Riza Lozada Restaurant chain operator Max’s Group Inc. (MGI) signed a development agreement with De Borja Inc. to build at least three Max’s Restaurants in San Diego, California within the next five years.
Read More »Century, Mitsubishi tie-up raising P4.5B for project
By Riza Lozada Century Properties Group Inc. has secured a loan worth P2.2 billion to pave the way for a joint partnership with the Japanese giant Mitsubishi Corpo to build Forbes Media Tower in Makati.
Read More »New master plan to recreate Araneta Center into modern garden city bared
The Araneta Center in Cubao, Quezon City, is getting another facelift to make it a garden city, based on a new redevelopment plan for the business district.
Read More »Ayala unit scraps solar-power project
AC Energy Holdings Inc., the power unit of Ayala Corp., has scrapped plans to put up a solar project in Sta. Cruz, Davao del Sur province, following a stockholders’ vote.
Read More »8990 sustains robust growth with 12% profit rise until Sept.
Listed mass-housing developer 8990 Holdings Inc. continued to book double-digit growth in earnings on the back of strong sales and increased construction capacity in the first nine months of the year.
Read More »GT Capital books P8.4-billion net gains until Q3, up 32%
By Riza Lozada Diverse conglomerate of tycoon George Ty, GT Capital Holdings Inc. (GT Capital), posted a 32 percent growth in profit for the first nine months driven by strong sales of Toyota car brands and strong real estate earnings. Consolidated net income rose to P8.4 billion from P6.3 billion a year ago. GT Capital’s consolidated revenue grew 10 percent …
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