Latest news with #PhilippineStockExchange
Al Etihad
21-07-2025
- Climate
- Al Etihad
Heavy rains force Philippines to shut down workplaces, schools
21 July 2025 18:37 MANILA (BLOOMBERG)The Philippines will suspend classes and government work in the capital region and nearby provinces for a second day on Tuesday due to heavy monsoon rains that caused floods and rains are likely to continue through Thursday, the Department of Interior and Local Government said in a Facebook post. Government work and classes were canceled Monday afternoon as local authorities began evacuating residents in flood-prone areas while dams near the capital Manila Philippine Stock Exchange said it will announce on Tuesday whether trading will be halted. The central bank has yet to say whether it will trade in the currency market weather bureau raised the second-highest rainfall alert over Metro Manila and nine provinces in the main Luzon island for Tuesday to Wednesday, warning the public of more flooding and in Quezon City, the largest and most populated in the capital region, have started evacuation and rescue efforts in more than two dozen villages where floodwaters were reported to be head-deep in some neighborhoods. In Manila, many commuters were stranded as they waded through flooded least five people died while seven are missing amid strong winds due to the southwest monsoon and Tropical Storm Wipha over the weekend that also caused landslides, the national disaster agency said in its latest the capital region, home to more than 14 million people, floods rendered some impassable roads. Nearly 90 vessels and motor boats are either stranded or taking shelter in various ports due to inclement weather, according to the coast guard. The Philippines, an archipelago of more than 7,600 islands, is one of the world's most vulnerable countries to extreme weather events. An average of 20 tropical storms annually passes through the Southeast Asian nation.
Nikkei Asia
11-07-2025
- Business
- Nikkei Asia
Philippine tax cuts spur hope for more IPOs in sluggish market
Traders work on the floor of the Philippine Stock Exchange in Metro Manila: People in the finance industry hope cuts in transaction taxes will breath life into the country's sleepy equity market. © Reuters KATRINA BIANCA CUARESMA MANILA -- On Tuesday morning last week, Philippine President Ferdinand Marcos Jr. rang the opening bell at the Philippine Stock Exchange (PSE) -- not for a new listing but to mark the first day of a law aimed at jump-starting the country's sluggish capital markets. The Capital Market Efficiency Promotion Act (CMEPA), a long-awaited reform designed to slash trading taxes and modernize market rules, took effect on July 1. By lowering transaction costs and bringing the Philippines in line with its ASEAN peers, the law is viewed as a foundational step toward revitalizing a market that has long lagged behind its regional counterparts in liquidity and investor participation.
GMA Network
01-07-2025
- Business
- GMA Network
Marcos to SEC: Remove bureaucratic bottlenecks in capital markets promotion law
President Ferdinand 'Bongbong' Marcos Jr. on Tuesday tasked the Securities and Exchange Commission to streamline the process of implementing the Capital Markets Efficiency Promotion Act or CMEPA, which redefines how Filipinos make investments. In his speech at the Philippine Stock Exchange during the special bell-ringing to mark the effectivity of Republic Act (R.A.) No. 12214 or the CMEPA, Marcos said that before the law was enacted, investing in stocks meant paying a tax of 0.6%, which was six times higher than Singapore and Malaysia, and certainly the highest in the ASEAN region. Under CMEPA, that rate has been reduced to 0.1%, according to the President. 'To ensure the successful implementation of this reform, I direct the Securities and Exchange Commission to streamline its procedures, remove bureaucratic bottlenecks, [and] reduce transaction costs within its control. Undertake the necessary changes to fulfill your responsibilities in these changing times,' Marcos said. According to Marcos, the law enhances the Philippines' competitiveness in the ASEAN region as it also strengthens the foundations of the capital market. He also emphasized that market integrity is a shared responsibility, calling on all market participants and stakeholders to uphold transparency, fairness, and good governance. Marcos said CMEPA has removed certain exemptions to enhance fairness in the country's tax system. He noted that government-owned or controlled corporations are now subjected to the same passive income taxes as other institutions. Marcos also said that the new law is projected to generate over P25 billion in net revenue until 2030, which is a substantial amount that is seen to help fund the building of roads, bridges, hospitals, schools, and other social safety net programs. He said the new law would not just benefit the well-off, stock traders, and the professionals. 'It is for every Filipino who dreams of better financial security. It empowers the small business owner, the young professional, and the overseas Filipino worker to start investing their hard-earned money to build a better future,' Marcos said. —KG, GMA Integrated News
GMA Network
23-06-2025
- Business
- GMA Network
Maynilad IPO pushed back to October 2025
West zone concessionaire Maynilad Water Services Inc. has postponed its planned initial public offering (IPO) by four months to give cornerstone investors more time to complete internal processes for them to participate. Based on the company's updated prospectus, Maynilad is now looking to list on the main board of the Philippine Stock Exchange (PSE) under the trading symbol 'MYNLD' no later than the end of October 2025. Maynilad moved the timetable from the earlier planned offer period of July 3 to July 9 and listing on July 17, citing potential demand from strategic cornerstone investors. 'These investors have conveyed strong and sustained interest in participating in the offering, but requested additional time to complete their internal approval processes,' it said in a statement. 'The potential participation of these investors is expected to add even more value to Maynilad's public offering and will be viewed positively by all investors and the markets at large,' it added. The utility provider is set to offer 1,680,317,400 common shares at up to P20 apiece, with an overallotment option of up to 249,047,600 shares and a preferential offer of up to 29,904,800 shares. It is set to net up to P37.41 billion, should the overallotment option and preferential offer be fully subscribed. Proceeds are set to bankroll the company's capital expenditures, and corporate general purposes. Maynilad tapped BPI Capital Corp., The Hongkong and Shanghai Banking Corporation Limited (HSBC), Morgan Stanley Asia (Singapore) Pte., and UBS AG, Singapore Branch as joint global coordinators and joint bookrunners for the offer. Under its franchise signed into law by former President Rodrigo Duterte in December 2021, Maynilad is mandated to offer at least 30% of its outstanding capital stock within five years. Maynilad currently serves customers in the west zone, which covers the cities of Caloocan, Las Piñas, Makati, Malabon Manila, Muntinlupa, Navotas, Parañaque, Pasay, Quezon, Valenzuela. It also services certain areas in Cavite such as the cities of Bacoor, Cavite, and Imus; and the towns of Kawit, Noveleta, and Rosario. —AOL, GMA Integrated News
Yahoo
16-06-2025
- Business
- Yahoo
Global Market Highlights 3 Noteworthy Dividend Stocks
Amid escalating geopolitical tensions and fluctuating trade dynamics, global markets have experienced a volatile week, with U.S. indices reversing early gains due to rising oil prices and renewed Middle East conflicts. In this uncertain environment, dividend stocks can offer investors a measure of stability through regular income streams, making them an attractive option for those seeking reliable returns amidst market turbulence. Name Dividend Yield Dividend Rating Yamato Kogyo (TSE:5444) 4.57% ★★★★★★ Nissan Chemical (TSE:4021) 4.15% ★★★★★★ NCD (TSE:4783) 4.21% ★★★★★★ HUAYU Automotive Systems (SHSE:600741) 4.44% ★★★★★★ Guangxi LiuYao Group (SHSE:603368) 4.48% ★★★★★★ GakkyushaLtd (TSE:9769) 4.57% ★★★★★★ DoshishaLtd (TSE:7483) 4.19% ★★★★★★ CAC Holdings (TSE:4725) 4.88% ★★★★★★ Asian Terminals (PSE:ATI) 6.47% ★★★★★★ Allianz (XTRA:ALV) 4.51% ★★★★★★ Click here to see the full list of 1559 stocks from our Top Global Dividend Stocks screener. Let's dive into some prime choices out of the screener. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: The Philippine Stock Exchange, Inc., along with its subsidiaries, operates as a stock exchange in the Philippines and has a market cap of ₱16.21 billion. Operations: The Philippine Stock Exchange, Inc. generates revenue through its operations as a stock exchange in the Philippines. Dividend Yield: 4.9% Philippine Stock Exchange's dividend profile is marked by volatility over the past decade, despite an overall increase in payments. The current payout ratio of 55.1% indicates dividends are covered by earnings, while a cash payout ratio of 86% shows coverage by cash flows. However, its 5.08% yield is below the market's top quartile. Recent developments include a PHP 10 per share dividend announcement and a technology partnership with Nasdaq to enhance trading infrastructure capabilities. Click here to discover the nuances of Philippine Stock Exchange with our detailed analytical dividend report. Upon reviewing our latest valuation report, Philippine Stock Exchange's share price might be too optimistic. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Tokyu Construction Co., Ltd. operates in the civil engineering and building construction sectors in Japan, with a market cap of ¥107.33 billion. Operations: Tokyu Construction Co., Ltd.'s revenue primarily comes from its Construction Business (Civil Engineering) segment at ¥68.49 billion and its Construction - Architecture segment at ¥22 billion, with additional contributions from its Real Estate Business and Other activities totaling ¥4.98 billion. Dividend Yield: 3.8% Tokyu Construction's dividend payments have been volatile over the past decade, yet they show an overall increase. The company plans to pay JPY 20 per share for the fiscal year ending March 2026, up from JPY 19 previously. With a payout ratio of 60.6%, dividends are covered by earnings and cash flows, but its yield of 3.82% falls short of Japan's top quartile. Recent guidance projects stable financial performance with net sales expected at ¥338 billion. Take a closer look at Tokyu Construction's potential here in our dividend report. Our valuation report here indicates Tokyu Construction may be overvalued. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Tanseisha Co., Ltd. specializes in the research, planning, design, production, and operation of various commercial and cultural spaces both in Japan and internationally, with a market cap of ¥51.75 billion. Operations: Tanseisha Co., Ltd.'s revenue is derived from its activities in designing, constructing, and managing spaces across commercial, public, hospitality, event, and cultural sectors both domestically and globally. Dividend Yield: 4.7% Tanseisha's dividend payments have increased recently, with a projected JPY 35 per share for the fiscal year ending January 2026. Despite this growth, dividends are not well covered by cash flows, indicated by a high cash payout ratio of 356.2%. The company has revised its earnings guidance upwards for the current fiscal year, suggesting improved financial performance. Although trading at a good value with a P/E ratio of 10.4x, past dividend reliability remains an issue due to volatility. Get an in-depth perspective on Tanseisha's performance by reading our dividend report here. The valuation report we've compiled suggests that Tanseisha's current price could be quite moderate. Click through to start exploring the rest of the 1556 Top Global Dividend Stocks now. Are these companies part of your investment strategy? Use Simply Wall St to consolidate your holdings into a portfolio and gain insights with our comprehensive analysis tools. Unlock the power of informed investing with Simply Wall St, your free guide to navigating stock markets worldwide. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include PSE:PSE TSE:1720 and TSE:9743. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
