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Historically low valuation
The Philippine stock market bloodbath over the past two years saw the PSEi plummet from 7,122.6 on the last trading day of 2021 to 6,566.4 on the last trading day of 2022 for a 7.8 percent annual retreat and slide even further in 2023 to close at 6,450.0 on the last trading day of the year. In terms of valuation, the PSEi’s 2023 year-end 12.9x price-to-earnings (P/E) ratio does not fare well when compared against its past performance in prior years......»»
Boulevard Holdings sells 1.5-B shares to ownership group
Boulevard Holdings advised that its stockholders approved a measure to increase BHI’s authorized capital stock from 17 billion shares to 18.5 billion shares, and to sell the 1.5 billion shares to a company called Puerto Azul Landn Inc., which is also owned and controlled by the Panlilio family......»»
Megaworld raises P500 million from sale of MREIT shares
Real estate giant Megaworld Corp. is poised to ramp up its development pipeline with the P500 million proceeds from the sale of its shares in real estate investment trust company MREIT Inc......»»
Tax Notes: BIR clarifies tax treatment of interest on borrowings
Tax Notes: BIR clarifies tax treatment of interest on borrowings.....»»
Tax Notes: Online sellers subject to 1% expanded withholding tax
Tax Notes: Online sellers subject to 1% expanded withholding tax.....»»
PSE readies delisting of Abra Mining
he Philippine Stock Exchange Inc. will initiate delisting proceedings against Abra Mining and Industrial Corp. after the Securities and Exchange Commission found that the company and some of its officials had illegally sold unissued and unlisted shares over a five-year period......»»
SEC slaps Abra Mining with P560 million fines
The Securities and Exchange Commission (SEC) has slapped Abra Mining & Industrial Corp., its directors, officers, transfer agent and certain stockholders with fines of at least P560 million for the unauthorized trading of unissued and unlisted shares from 2015 to 2019......»»
Mining firm pinagmulta ng P560M
Higit P560 milyon ang multang kailangang bayaran ng isang mining firm dahil sa hindi awtorisadong pagtrade ng mga unissued at unlisted shares mula 2015 hanggang 2019. The post Mining firm pinagmulta ng P560M first appeared on Abante......»»
Tax revenues jump to P3.4 trillion
The country’s tax revenues rose by five percent to hit P3.38 trillion as the government ramped up its tax administration and digitalization program......»»
‘No tax breaks for eco-zone work-from-home firms’
Work-from-home setups of business enterprises in economic zones should no longer get tax incentives under the Corporate Recovery and Tax Incentives for Enterprises Act as the public health emergency status for COVID-19 has already been lifted, Justice Secretary Jesus Crispin Remulla clarified in a legal opinion......»»
New finance chief eyes carbon tax
Newly installed Finance Secretary Ralph Recto is pursuing the tax reform proposals of his predecessor, starting with the imposition of a carbon tax in a bid to generate additional revenues and address environmental concerns......»»
Cebu Landmasters raises P4B in preferred shares offering; plans strategic expansion
Real estate firm Cebu Landmasters Inc. (CLI) has raised more than P4.28 billion through its recent follow-on offering of preferred shares......»»
RLC sells P8.5 billion shares in REIT unit
Robinsons Land Corp., the diversified real estate firm of the Gokongwei family, has sold P8.49 billion worth of shares in RL Commercial REIT Inc., increasing the listed REIT’s public float to 49.95 percent......»»
Makati barangays to get P10 million more from tax shares
All 23 barangays of Makati are each getting an additional P10-million share from the city’s basic real property tax collection following the transfer of the 10 enlisted men’s barrio or “embo” barangays to Taguig, Mayor Abby Binay said yesterday......»»
Market Reels: How Stock Market Investing Aligns with Online Gaming Strategies
In the unpredictable world of finance, investors often find themselves navigating through an array of strategies and tactics to maximize their returns. Surprisingly, the stock market and online slot games share some intriguing parallels. While one is associated with the thrill of risk and the other with calculated investments, the similarities between the two might […] The post Market Reels: How Stock Market Investing Aligns with Online Gaming Strategies appeared first on Kagay An......»»
Record Week for S& P 500: Live Updates on Stock Futures – The Daily Guardian
U.S. Stock Futures Flat as S&P 500 Breaks Records U.S. stock futures held steady on Sunday night, maintaining the momentum from a record-breaking week for.....»»
Union Bank announces P17-B stock rights offering
Union Bank disclosed that it plans to conduct a stock rights offering to sell 450,204,078 UBP common shares to existing UBP shareholders at a price somewhere between P33.73 and P38.23 per share......»»
Xinhua world economic news summary at 0900 GMT, March 11
TOKYO -- Tokyo stocks closed significantly lower on Monday amid a strong yen and concerns for an overheated market following the overnight losses of tech-related shares in the Wall Street market. Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended down 868.45 points, or 2.19 percent, from Friday to close the day at 38,820.49, the lowest level since Feb. 21. (Japan-Tokyo Stocks).....»»
Xinhua world economic news summary at 0900 GMT, March 11
TOKYO -- Tokyo stocks closed significantly lower on Monday amid a strong yen and concerns for an overheated market following the overnight losses of tech-related shares in the Wall Street market. Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended down 868.45 points, or 2.19 percent, from Friday to close the day at 38,820.49, the lowest level since Feb. 21. (Japan-Tokyo Stocks).....»»
Thanks to donors
We launched “Pasko Sa Enero” in partnership with the Philippine Sports Commission yesterday and we’re excited to choose the 20 winners to receive cash, food, basketballs, shirts, caps, portable bluetooth speakers, 8-inch and handyfans, smart cups, coffee press pots, umbrellas, travel trollies, laptop bags, cosmetics and a lot more during our awarding program on Sunday, Jan. 21, 10 a.m. at Starbucks Molito, Alabang.....»»