Latest Breaking News On - ப்ரிமிர் அடிவானம் கூட்டணி - Page 1 : vimarsana.com
Public float requirement raised for firms included in PSE indices
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Illegal logging in Philippines Palawan stokes fears of a mining resurgence
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February 1, 2021 | 11:45 am Font Size
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Homegrown fintech startup SquidPay Technology Inc. (SquidPay) has entered into last stage negotiations for the acquisition of a 60% stake in Phil Star, a development bank headquartered in Batangas City. Upon finalization of its majority stake, SquidPay will increase bank capitalization to P1.5 billion, the BSP requires a total of at least P1.0 billion for digital bank license applicants.
Phil Star Development Bank (Phil Star), Inc. is a subsidiary of Philippine Regional Investment Development Corporation (PRIDE), a wholly-owned subsidiary of AbaCore Holdings Corporation, a publicly-traded company (ABA) with interests in financial services, real estate, and gaming technology.
Manila: Philippine stocks have rapidly gone from one of the world s best performers to the absolute worst, prompting the nation s growing pack of retail investors to shift attention to speculative penny stocks in the search for better returns.
The Philippine Stock Exchange Index is down 7.4% so far this year, the biggest decline among 92 global equity benchmarks tracked by Bloomberg. That s a dramatic turnaround after the gauge s 22% surge in the three months ended December saw it ranked No. 16 for that period.
Faced with a decline in the nation s biggest stocks amid an exodus of foreign investors and a weak economy, local individual traders are shifting to riskier plays, mirroring their global peers. U.S. retail investors have been piling cash into small caps, initial public offerings and options as the S&P 500 Index has treaded water so far in 2021.
January 22, 2021 | 7:25 pm Font Size
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Listed holding firm Premiere Horizon Alliance Corp. has ventured into agriculture technology (agritech) sector via its subsidiary, PH Agriforest Inc.
In a regulatory filing on Friday, Premiere Horizon said that through PH Agriforest, it plans to leverage on the financial technology (fintech) expertise of its parnter SquidPay Technology, Inc. by using technology to increase yield and efficiency in the sectors of agriculture, forestry, and aquaculture.
“Instead of traditional agriculture practices, Premiere Horizon will utilize proven agritech methodologies that focus on comprehensive data collection, analytics and models, and other technological innovations which seek to achieve faster planting, better harvest, lower production cost and optimized market acceptance of products,” the company said.
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