Category: Philippines Market

Share it! [mashshare] PSE approves listing of DoubleDragon’s REIT IPOThe Philippine Stock Exchange, Inc. (PSE) has approved the listing of the P14.7 billion initial public offering (IPO) of DDMP REIT, Inc. (DDMPR), the second Real Estate Investment Trust (REIT) to debut on the bourse.DDMPR is set to offer up to 5.94…

MANILA – The Bureau of Internal Revenue exceeded its tobacco excise tax target collections for the month of February after Japan Tobacco hiked payment by over 100 percent, the finance department said Monday. Tobacco excise tax collections for February overshot the target by 4.28 percent, reaching P17.57 billion mid-month after the Japan Tobacco…

AirAsia aircraft. Handout photoMANILA – AirAsia on Monday announced that it will be holding a seat sale this week with flights as low as P93. The budget carrier said travelers can avail of one-way tickets from Manila to Bohol, Boracay (Caticlan), Cebu, Cagayan de Oro and Tacloban for as low as P93 base fare. Flights from Cebu to Puerto…

MAYNILA – Nag-anunsiyo ang mga kompanya ng langis na magkakaroon ng pagtaas sa presyo ng kanilang produkto sa Martes, Marso 2.Ayon sa Shell at Cleanfuel, tataasan nila ng P1 ang presyo ng kada litro ng gasolina at P0.85 naman sa kada litro ng diesel.Magpapatupad din ang Shell ng P0.70 taas-presyo sa kada litro ng kerosene.Magta-taas-presyo ang…

MANILA – Century Pacific said Monday it has reduced the freshwater consumption of its tuna facilities by as much as 30 percent last year by using a new thawing technique.It designed a thawing method to decrease its plant’s water use for thawing frozen tuna by half, Century Pacific told the stock exchange. The measure and other “water reduction…

The Double Dragon Plaza, under the Double Dragon Properties in Pasay City on May 22, 2018. Mark Demayo, ABS-CBN News/FileMANILA – DoubleDragon Properties Corp on Monday said it has secured the approval of the Philippine Stock Exchange for the public offer of DDMP REIT Inc’s real estate investment trust. The listing application covers up to 5.94…

The Facebook logo is displayed on their website in an illustration photo taken in Bordeaux, France, February 1, 2017. Regis Duvignau, Reuters/File PhotoWASHINGTON – A US federal judge has given final approval to Facebook’s $650 million payment to settle a privacy dispute between the social media giant and 1.6 million users in the state of Illinois. “We…

The Bangko Sentral ng Pilipinas (BSP) is projecting that the inflation rate for the first three quarters of 2021 will stay above four percent before easing back to within the 2-4 percent target in the last three months of the year.“Barring additional supply side factors, inflation is projected to settle above the target over the next few months,…

At least 13 new customers – mostly buildings and water pumping stations in Metro Manila that include Maynilad Water Services Inc. – have switched electricity suppliers following the threshold lowering of the Retail Competition and Open Access (RCOA) policy by February this year.In a briefing with reporters, Jonathan Dela Viña, market operations…

On signing of Coco Levy ActThe Coconut Farmers and Industry Trust Fund Act or Coco Levy Act, which will result in the release of the P100-billion coco levy fund, has now been signed by President Rodrigo Roa Duterte, but its supposed beneficiaries are claiming that no justice or campaign promise has been served.  “Social justice on the coco…

Philippine garment factories expect to receive new orders worth up to $500 million from top global fashion brands as they start transferring production orders from troubled Myanmar to the Philippines and other Asian countries.Photo credit: (Philexport News and Features)Foreign Buyers Association of the Philippines (FOBAP) President Robert Young said…

Car companies are requiring starting today, March 1,“security deposit” from buyers of imported passengers and light commercial vehicles (LCVs) that are covered by the safeguard duties imposed by the Department of Trade and Industry (DTI).In respective public advisories, Toyota Motor Philippines (TMP) and Isuzu Philippines Corp. said the security…

Tax collections from tobacco products increased by nearly three-fourths as of mid-February this year after one cigarette manufacturer commenced the operation of its new facility in Batangas, the Bureau of Internal Revenue (BIR) said.In a statement, BIR Deputy Commissioner Arnel Guballa reported to Finance Secretary Carlos G. Dominguez III that tobacco…