businesseconomyfinancephilippinesstock exchange

CMIC lifts suspension on Globalinks

MANILA, Philippines – Now with enough capital to continue operating, broker-dealer Globalinks Securities and Stocks Inc. may resume operations. This, after the market regulation arm of the Philippine Stock Exchange lifted Globalinks’ involuntary suspension. In a memorandum on Tuesday, Capital Markets Integrity Corp. (CMIC) said it had received documents from Globalinks. These showed proof of

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Filinvest to merge hospitality units

MANILA, Philippines – Filinvest Development Corp. (FDC) will merge eight of its hospitality units into a single company to streamline its operations. This, amid expectations that domestic tourism will continue to improve and drive economic growth. The Gotianun-led conglomerate on Tuesday disclosed that its board of directors had approved the move. Filinvest Hospitality Corp. (FHC)