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Daxim L. Lucas

Manila

Business News Editor at Philippine Daily Inquirer

Featured in: Favicon inquirer.net (+2) Favicon iqfin.net Favicon notiulti.com Favicon tfa.ph Favicon asianews.network Favicon inqmobility.com

Articles

  • Taipei bourse to help PSE launch derivatives trading by 2026 under technical deal

    Aug 19, 2024 | insiderph.com | Daxim L. Lucas

    To this end, both stock exchanges have entered into a preliminary agreement last week that  will formalize and strengthen the relationship between the two entities, according to an official with knowledge of the development. Derivatives are financial instruments whose values are derived from underlying assets, commodities or indices. Derivatives are made up of contracts between parties who agree to an exchange of future values if certain conditions are met.

  • INSIDER INFO: P2-M associate membership at par with P58-M share? Polo Club controversy simmers

    Aug 8, 2024 | insiderph.com | Daxim L. Lucas

    If that proposed change to the exclusive club’s rules are approved by the shareholders, an associate member will be able to continue enjoying de factor polo club membership even if the proprietary share (under which an associate membership is lodged) is sold to someone else.

  • INSIDER INSIGHT: Ernest Cu reveals how GCash sealed the Philippines’ biggest-ever fintech deal

    Aug 2, 2024 | insiderph.com | Daxim L. Lucas

    On Friday, GCash announced that it was taking in a new shareholder in the form of Japanese banking conglomerate Mitsubishi UFJ Financial Group (MUFG) whose 8% stake in the country’s most popular e-wallet boosted its value from $2 billion to $5 billion literally overnight.

  • INSIDER INFO: Japan’s MUFG buys into GCash, valuing biggest PH e-wallet at $5B

    Jul 31, 2024 | insiderph.com | Daxim L. Lucas

    InsiderPH confirmed from multiple sources that Japan’s Mitsubishi UFJ Financial (MUFG) has taken an equity stake in Mynt, the holding firm that manages Globe Telecom’s popular e-wallet service. The deal, which was sealed yesterday and will be officially announced this Friday morning, will involve MUFG taking an 8% stake in Mynt. The price the Japanese financial conglomerate will pay will give GCash a valuation of $5 billion.

  • SM vs. floods: Huge reservoirs under Masinag, Marikina, 25 other SM malls mitigate flooding

    Jul 31, 2024 | insiderph.com | Daxim L. Lucas

    But beyond sheltering people and cars trying to avoid rising waters, 25 of these shopping malls under SM Prime Holdings are built in a way that actually — literally — helps mitigate flooding. That’s because these shopping malls which are strategically located around Metro Manila and around the country are built over large rainwater catchment basins.

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Daxim L. Lucas
Daxim L. Lucas @DaximLucas
5 Jun 24

Razon’s ICTSI sees business picking up in Nigeria port https://t.co/CDRCVMUCXQ

Daxim L. Lucas
Daxim L. Lucas @DaximLucas
18 Feb 23

This Anita Magsaysay-Ho ‘Fruit Market’ painting just set a new record for the most expensive PH painting at P86.4M at today’s Leon Gallery auction, topping the P84-M price set for another of her paintings in 2021. See last Tuesday’s Biz Buzz.@InquirerBiz https://t.co/VYsrA1P8To https://t.co/UCDrqTikn3

Daxim L. Lucas
Daxim L. Lucas @DaximLucas
5 Feb 23

Billionaire businessman and former Trade Minister Roberto Ongpin has died at the age of 86. According to close relatives, he passed away in his sleep last night in Balesin Island, the exclusive resort which he built. @inquirerdotnet @InquirerBiz