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East West Banking Corp Planning to Raise Capital

East West Banking Corp. (EastWest Bank) is planning to raise up to Php5 billion from the sale of a maximum of 500,000,000 perpetual non-cumulative preferred shares at a par value of Php10 per share. The company stated that the share sale would qualify as Additional Tier 1 capital of the bank under Basel 3 regulations. [Continue]

Uneventful Trading Week For Local Equities

Given this short and uneventful trading week, the local equities market appreciated slightly, tracking US markets. Continued optimism on Q1’14 Corporate Earnings, due out within the month, helped achieve today’s outperformance. The PSEi added 32.11 points, or +0.49%, to close at 6,621.66. All sectoral indices ended positive led by [Continue]

Lower Job Openings in January for the US

According to the US Labor Department, employers posted 3.974 million job openings in January, lower than the market estimate of 4.015 million. However, January’s figure was 1.5% higher than December’s numbers. On average, there were about 2.6 unemployed citizens per job opening, somewhat close to the 2:1 ratio typical of healthier economies. [Continue]

Let It Go at the Oscars

Let It Go at the Oscars

Whether or not “Let It Go” from Frozen wins the Academy Award for Best Song, it already stands as the most important movie song of 2013. The anthem by Robert and Kristen Anderson-Lopez not only became the breakout song from the movie; it may have single-handedly revived the fortunes of the animated musical. Until the [Continue]

Jollibee Expands in Middle East

Jollibee Expands in Middle East

The leading Fastfood chain in the country, Jollibee Foods Corp. (JFC) has expanded its presence in the Middle East after an agreement was reached with a UAE-based company. Golden Plate Pte. Ltd., a wholly-owned subsidiary of JFC, reached an agreement with Golden Crown Foods LLC that will form a joint venture company that will own [Continue]

Local Equities Rise Again

The local equities market rose, following regional trends, after the US published weaker-than-expected consumer confidence data. The PSEi went up by 27.05 points or +0.43% to close at 6,322.60. Sectoral indices ended on an even split with industrials (+1.06%), holding firms (+1.04%), and financials (+0.22%) in positive territory while property [Continue]

Jason Mraz Tries Online Music

Singer-songwriter Jason Mraz graduated from the San Diego coffee house circuit to garner more than 2 billion views and counting for his music on YouTube. So with multiple hit records such as I’m Yours and Lucky that blasts through our ik multimedia music accessories, Mraz says he owes his success to the Internet. That’s where [Continue]

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