GCash IPO Seen to Revitalize Philippine Stock Market
The initial public offering (IPO) of Mynt Inc., the parent company of Philippine digital payment giant GCash, is anticipated to reignite interest in the domestic stock market and attract more retail investors, according to Unicapital Securities Inc. The scale of GCash and its digital ecosystem are expected to encourage broader participation in equities.
Read up to 3 eligible full articles per Japan day (JST) for free
Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.
Related articles
- Peso Crashes Further Below $1:63, Hitting New Record Low
The Philippine peso further plunged into record-low territory on Monday, closing at 63.09 against the US dollar. Factors such as a stronger greenback, elevated oil prices, and global uncertainties are exerting pressure on the local currency.
- PH Dollar Deficit Widens to Over 1-Year High in September
The Philippines' balance of payments deficit widened to its largest in over a year in September, driven by increased import costs due to renewed US-Iran tensions and reduced investor flows. Bangko Sentral ng Pilipinas data revealed a $3.14-billion deficit for the month.
- Philippines Opens Applications for 2027 Import Quotas for Five Commodities
The Philippine Department of Agriculture has opened applications for the 2027 Minimum Access Volume (MAV) import quotas for five commodities, including pork and chicken, aiming to stabilize domestic supply and prices.
- Candle Prices Stable Ahead of Undas, DTI Assures Public
Philippine candle prices are expected to remain stable despite anticipated demand for 'Undas' (All Saints' Day and All Souls' Day) on November 1 and 2. The Department of Trade and Industry (DTI) is monitoring prices of essential goods, including candles.