GCash will test run its “GStocks PH” feature on its app ahead of its full rollout GCASH – The financial technology (fintech) company said that it would test run the online stock trading feature on its app with partner AB Capital ahead of its full rollout. The Securities and Exchange Commission (SEC) approved the trial … Read more
Globe Telecom CEO: “We’re trying to broaden access to loans and lending to a sector that normally would go to the informal one” GLOBE TELECOM — The CEO of Ayala-led telecommunications company sees loans and stock trade as the next source of profit. Globe Telecom President and CEO Ernest L. Cu said that the company … Read more
GCash partnered with the Philippine Stock Exchange (PSE) and AB Capital GCASH — The Ayala-led fintech company partnered with the Philippine Stock Exchange (PSE) and AB Capital to let app users invest in the stock market through the app. Along with GCash President Martha Sazon and other officials, PSE President Ramon Monzon made the official … Read more
Albay Representative Joey Salceda expressed deep concern over PSE system glitch. JOEY SALCEDA — The House Committee on Ways and Means chairperson and Albay Representative expressed deep concern about the system glitch which forced the PSE (Philippine Stock Exchange) to cancel trading. While the Philippine Stock Exchange wasn’t a government agency, Salceda said that it … Read more
Globe Telecom signed a loan deal with LandBank and BDO. GLOBE TELECOM — The telecommunications company recently signed a loan deal with Land Bank of the Philippines (LandBank) and BDO Unibank, Inc. On Friday, the telco said that it had signed term loan facilities with LandBank and BDO for PHP 5 billion and PHP 10 … Read more
Pepsi-Cola Products Philippines Inc. announced its plan to delist from PSE Snack and beverage manufacturer Pepsi-Cola Products Philippines Inc. on Wednesday announced its plan to delist from the Philippine Stock Exchange (PSE). This, as Pepsi Philippines stated in a disclosure that its board of directors had authorized the voluntary delisting of its shares that were … Read more
PSE temporarily closed its office and its trading floor in Taguig due to this. The Philippine Stock Exchange Inc. (PSE) on Wednesday said that the Exchange temporarily closed its headquarters in Taguig City. This, after an employee of the Philippine Stock Exchange had tested positive for coronavirus disease 2019 (COVID-19). With this, the Philippine Stock … Read more
EastWest Bank was ‘not for sale’, according to the executives. The executives of EastWest Bank denied the rumors that the said bank was up for acquisition by another bank or up for sale, saying that it’s not true. This, as Josephine Gotianun-Yap, the chief executive officer of Filinvest Development Corp. (FDC), said in a disclosure … Read more
PSE on Monday announced the suspension of stock trading starting March 17. The Philippine Stock Exchange (PSE) on Monday officially announced that it will suspend stock trading starting March 17, 2020. This, following the implementation of enhanced community quarantine in Luzon as announced by the Philippine government. The Philippine Stock Exchange, in a post on … Read more