Manila Standard

4 days ago | manilastandard.net | Jenniffer B. Austria

Hotel101 Global Holdings Corp., a subsidiary of DoubleDragon Corp. is one step closer to becoming the first Filipino-owned company to list on the Nasdaq. This after the United States Securities and Exchange Commission approved its registration statement pertaining to the merger of Hotel101 Global and Nasdaq-listed JVSPAC Acquisition Corp. The deal values Hotel101 at an equity value of $2.3 billion priced at $10 per share.

4 days ago | manilastandard.net | Jenniffer B. Austria

Local shares rose for the second consecutive day to close above 6,400 level on expectation that local inflation rate will ease, boosting hopes of another 25 basis points rate cut. The 30-company Philippine Stock Exchange index advanced 60.20 points or 0.95 percent to close at 6,412.86 on Tuesday. The wider all shares index added 27.54 points or 0.74 percent to 3,770.95. Rizal Commercial Banking Corp.

4 days ago | manilastandard.net | Jenniffer B. Austria

Property developer Ayala Land Inc. (ALI) said it is set to open a major commercial development, Ayala Malls Arca South, in Taguig City by December 2025. The mall, which will be the central hub of the 74-hectare Arca South estate, will feature a mix of local and global brands, restaurants, entertainment options and open civic spaces. It is designed to offer a walkable and community-focused experience.

5 days ago | manilastandard.net | Jenniffer B. Austria

The Securities and Exchange Commission (SEC) said Monday it approved the planned initial public offering (IPO) of Maynilad Water Services Inc. Maynilad will offer 1.66 billion common shares at up to P20 apiece, with an overallotment option of up to 249 million shares and a preferential offer of up to 24.904 million shares. The secondary shares in the offering will be sold by Maynilad Water Holding Company Inc., a major shareholder. Maynilad Water Services Inc.

5 days ago | manilastandard.net | Jenniffer B. Austria

The Securities and Exchange Commission (SEC) has approved the applications of Macodimarc Technology Corp. (Pluang PH) and G-Xchange, Inc. (GCash) to participate its regulatory sandbox. This allows GCash and Pluang PH, a Jakarta-based fintech start-up, to pilot their platforms in a limited regulatory environment. Under the plan, Pluang PH will test a mobile application that will allow retail investors in the country to trade and invest in U.S. Securities.