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PSEi (finally) closed above the 7K psychological barrier - philstar.com - Philippines - Usa

PSEi (finally) closed above the 7K psychological barrier

The PSEi gained 1.15% yesterday to close at 7,025 [link] and finish the day in the 7000s for the first time since Feb. 6, 2023. The pump was broadly based, with all industry groups finishing in the green, led by Property (+1.4%), Services (+1.3%), and Holding Companies (+1.2%). Foreign players were net buyers for the 9th consecutive trading day; foreign buyers have outpaced foreign sellers on 24 of the past 25 trading days stretching back to July 29. In that time, foreign investors have added P11.2 billion in investments in PSE companies.  

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Global Ferronickel plans to buyback 2% of shares over three years - philstar.com

Global Ferronickel plans to buyback 2% of shares over three years

Global Ferronickel [FNI 1.25 unch; 11% avgVol] [link] announced that its board of directors approved a buyback program to purchase up to 2% of its outstanding shares on the open market over the next three years. FNI said that it will use “internally generated funds” to make the purchases and that this “initiative is part of the company’s ongoing commitment to enhance shareholder value and reflects the Board’s confidence in the company’s long-term growth prospects.” FNI has 5,125,175,687 outstanding shares trading at P1.25/share at yesterday’s close, so it would take FNI P128 million to complete the full buyback of 102.5 million shares at the current market price.

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Calvin Oftana - Chris Newsome - Ralph Edwin Villanueva - Jayson Castro - Kelly Williams - Oftana's hot shooting lifts TNT over Meralco - philstar.com - Philippines - county Allen - city Manila, Philippines - city Durham, county Allen

Oftana's hot shooting lifts TNT over Meralco

MANILA, Philippines -- Calvin Oftana erupted from beyond the arc and towed the TNT Tropang Giga to the solo lead of Group A play in the PBA Governors' Cup with a 108-99 win over the Meralco Bolts Thursday evening at the Ninoy Aquino Stadium in Manila.

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Rodrigo Duterte - PhilstarLIVE - Bienvenido Abante - Dan Fernandez - Romeo Acop - Robert Ace Barbers - Cassandra Li 51 (51) - Royina Garma - LIVE: Fifth House quadcom hearing on POGOs, illegal drug trade crimes - philstar.com - Philippines - China - county Del Norte - city Taguig - city Manila, Philippines

LIVE: Fifth House quadcom hearing on POGOs, illegal drug trade crimes

MANILA, Philippines — The members of the House of Representatives is continuing its joint inquiry into the connection of Philippine offshore gaming operators (POGO) and the illegal drug trade on Thursday, September 12.

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Vico Sotto - Francis Earl Cueto - Pasig City drops in highly urbanized cities rankings - manilatimes.net - county Hall - city Manila - city Quezon

Pasig City drops in highly urbanized cities rankings

From No. 6 in 2019, Pasig City dropped to No. 9 in the 2024 Rankings of Highly Urbanized Cities under the Cities and Municipalities Competitive Index.

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International - Jean Mangaluz - DTI suspends license of four vaping brands, files cases - philstar.com - Philippines - city Manila, Philippines

DTI suspends license of four vaping brands, files cases

MANILA, Philippines — The Department of Trade and Industry (DTI) has filed lawsuits against four vaping brands and suspended their licenses as part of the government's ongoing efforts to regulate vape products in the country.

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Ralph Edwin Villanueva - Robert Bolick - NLEX trades for Phoenix’s Mocon - philstar.com - Philippines - Reunion - city Manila, Philippines

NLEX trades for Phoenix’s Mocon

MANILA, Philippines – A Red Lion reunion is about to unfold over at the NLEX Road Warriors. 

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Cyber Bay stuck with P715M claim after Supreme Court denies motion for reconsideration - philstar.com - Philippines

Cyber Bay stuck with P715M claim after Supreme Court denies motion for reconsideration

Cyber Bay Corp. [CYBER suspended] [link] disclosed that it received notice of the Supreme Court’s denial of CYBER’s Motion for Reconsideration of the Court’s April 2022 decision that set CYBER’s reimbursement amount from its claim with the Philippine Reclamation Authority at approximately P0.7 billion. CYBER had been building its business plan around an award amount of at least P1.0 billion, and said that the final claim amount is “significantly lower than expected and considerably less than the Corporation’s deficit of P11.4 billion.” CYBER has been suspended from trading since June 18, 2021, after its external auditor issued a disclaimer of opinion on its 2020 financial statements.

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