Shipping services provider and tugboat operator Harbor Shipping is finally pushing through with its Initial Public Offering (IPO) after deciding to defer it in July 2013 due to market volatility.
The company disclosed to the Philippine Stock Exchange (PSE) that it will offer shares to the public for the first time at no more than P2.50 per share and that the company will be listed and start trading on the exchange on October 30.
For majority of non-Apple fanboys, Apple Inc.‘s much-hyped launch event yesterday (September 10 in the U.S.) did not really reveal a lot of exciting updates or surprising breakthroughs. It just pretty much confirmed the rumors that have been previously circulating.
Sellers from the Philippines using Paypal will have to pay higher fees starting September 10, 2013. This paves the way for an increase in fees affecting commercial payments.
Two new companies are now part of the 30-company benchmark Philippine Stock Exchange index (PSEi), replacing two others that failed to meet the inclusion criteria.
The Philippine Stock Exchange (PSE) announced last week that LT Group Inc. (LTG) and GT Capital Holdings (GTCAP) will from part of the PSEi effective September 16 this year.
Most stock investors are now already familiar with the two basic forms of dividends: cash and stock.
Obviously, cash dividends are distribution of a company’s income to stockholders in the form of cash. When announced, the cash dividend is usually stated in peso or dollar amount (for example, PhP 5.00 cash dividend for every share of X company). To compute for the total amount of dividends the stockholder is entitled to receive, one simply has to multiply the amount of dividend per share by the total number of shares owned by the stockholder.
Boom! An onslaught in the Philippine stock market greeted stock traders and investors yesterday, August 22, after returning from a three-day break due to the heavy rains and a public holiday.
The Philippine Stock Exchange index (PSEi) was heavily battered in yesterday’s trading, shedding 5.96% to close at 6,136.73 — its worst performance since July 13, when the PSEi suffered its biggest 1-day loss of 6.75% since the Lehman Brothers collapse in 2008.
Last week, Philippine stocks suffered a beating following a sharp decline in the stock price of SM Investments Corp. (SM), a large conglomerate with market capitalization of more than P641 billion. A big price fluctuation in such a large company would no doubt lead to a big movement in the Philippine stock market. And we saw this happen last week.
But why? What explains the sudden price drop of SM that led to an overall decline in the prices of Philippine stocks?
A micro-finance company quietly debuted on the Philippine Stock Exchange on August 13, with its stock price slightly increasing by 0.92% versus its IPO price.
AG Finance Inc. (stock code: AGF), the third company to conduct an Initial Public Offering (IPO) this year, is in the business of providing consumer loans, particularly to Overseas Filipino Workers (OFW) and salaried employees.
