House Speaker Romualdez's Firm Buys 20% of EEI Corp.

Martin Romualdez Photo From His Official Facebook Page

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House Speaker Romualdez's company to acquire 20% of EEI Corp.

Highlights: "House of Investments (HI) reported in a stock exchange filing this week that it would sell 20% of of HI's holdings in EEI Corp. (EEI) to the private holding company of the family of House Speaker Martin Romualdez, RYM Business Management Corp., for P1.25 billion. On the heels of a PSE disclosure from EEI that it is exiting the renewable energy business, through the sale of EEI's share in PetroGreen, PetroSolar, and PetroWind to its affiliate PERC, EEI's parent company House of Investments, Inc. (HI) also disclosed a series of transactions that further rationalizes the holdings of the Yuchengco Family as follows..."

Japanese consortium makes tender offer to take Metro Pacific Investments (MPI) private

Highlights: "Given the tender offer’s 8.7% premium to the last closing price of MPI, and the high likelihood of the consortium succeeding in securing enough shares to cause the public float of MPI to fall below the required minimum, we advise clients to.."

Outlook on Philippine Peso exchange rate

Highlights: "The USDPHP currency pair looks stretched, as evidenced by its RSI reading of 72.88, which may call warrant a consolidation for the time being. We see the next resistance level of the Philippine Peso at..."

These are the key PSEi support and resistance levels to watch out for

Highlights: "What is concerning is the weak technical conditions of the PSEi and this was even corroborated by the sell-off in ALI, SMPH and JFC in previous weeks. The market is indeed in a make-or-break situation and the last line of defense..."

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