Spotlight NEX 3: The next status symbol of power and luxurious technology Like designer bags, Swiss watches, and bespoke suits, smartphones have become not just a necessity, but a symbol of sophistication, especially among individuals who…"How PSEi member stocks performed — November 19, 2019"
MULTISYS Technologies Corp. President, CEO and founder David Almirol, Jr. (second from left) shakes hands with MyEG Philippines Chairman Enrique Gonzalez (third from left) after signing a partnership deal. Also in photo are (from left) Multisys Executive Vice-President Kathlynn Mila, MyEG Philippines President Ronald Aquino, and MyEG Philippines Chief Advisor Paolo Martel. FINANCIAL technology solutions provider MyEG Philippines tapped Multisys Technologies Corp. as its preferred Philippine technology partner to serve companies and government agencies with…"MyEG Philippines partners with Multisys Technologies"
MAX’S GROUP, Inc. (MGI) and one of its subsidiaries are tapping loan facilities of the Development Bank of the Philippines (DBP) to raise a combined amount of P2 billion. The listed casual dining firm told the stock exchange yesterday it signed a P1-billion five-year loan agreement with DBP. The cash to be generated will be used to fund “existing short-term loans to mitigate financing costs and to fund general corporate requirements.” Its wholly-owned subsidiary, No…"Max’s Group, subsidiary sign DBP loan agreements"
AFFORDABLE housing developer PHirst Park Homes, Inc. (PPHI) aims to generate around P3.5 billion from two residential projects to be launched in Laguna and Batangas before the end of 2019. “We are launching two more projects before the end of the year in line with our goal of rolling out 33,000 homes by 2023. With the consistently strong market demand PHirst Park Homes continues to be bullish in expanding its footprint in key growth centers…"PHirst to launch 2 projects in Laguna, Batangas"
COLLEGE PARK, Md. — The current level of interest rates is appropriate for the US economy and the Federal Reserve should now pause as it monitors how the economy evolves, Cleveland Fed President Loretta Mester said on Monday. “We think that policy now is well calibrated to the economy and we are really going to be looking at the data going forward to see whether any adjustment is needed in that policy..so we’re in a…"US monetary policy ‘in a good spot,’ says Mester"
Some customers who signed up for Walt Disney Co.’s new Disney+ streaming service have seen their usernames and passwords sold online to third parties and have been locked out of their newly opened accounts. Disney said its system hasn’t been hacked and that it’s working to quickly address the issue. It’s possible that hackers obtained the names and passwords from data breaches at other companies. “Disney takes the privacy and security of our users’ data…"Now that Disney’s a tech company, it needs to figure out how to tackle password thieves"
AYALA-LED AC Energy Philippines, Inc. said on Tuesday that its board of directors had approved the company’s investment in a 60-megawatt (MW) solar power plant project in Palauig, Zambales. The solar power plant will be constructed through the company’s unit AC Energy Development, Inc., it told the stock exchange in an update of its earlier disclosure when AC Energy Philippines’ board approved the acquisition of a bigger stake in solar farms in the Visayas. On…"AC Energy to invest in Zambales solar power plant"
REUTERS AUSTRALIA’S CENTRAL BANK considered cutting interest rates at its latest meeting, but decided instead to hold steady and monitor the impact of earlier easing amid concern that households were being spooked by very low borrowing costs. In minutes of its Nov. 5 meeting released Tuesday in Sydney, the Reserve Bank of Australia (RBA) said the board recognized the “negative effects” of lower rates on savers and sentiment. It kept the cash rate unchanged at…"RBA weighed policy easing, opted to assess impact of past interest rate cuts"
THE Securities and Exchange Commission (SEC) is warning the public against a new investing scheme that operates under the guise of free training seminars on financial derivatives to lure people into buying securities. In an advisory posted on its website last week, the country’s corporate regulator said it is now studying the spread of such training seminars -often claiming to provide information on trading in foreign exchange, commodity futures contracts and contracts for difference —…"SEC warns public vs free ‘financial training’ seminars"
SINGAPORE-BASED financial technology (fintech) player CredoLab is targeting to “diversify” its clientele in the Philippines and offer its data analytics solutions to non-bank firms by next year, a senior official said. In an interview last week, CredoLab Chief Product Officer Michele Tucci said this will allow firms outside the financial industry to use their software in analyzing customer behavior and match them with insurance and banking products. Mr. Tucci said that they are bringing this…"CredoLab looking to diversify clientele"