First Philippine Holdings Corporation (FPHC), a member of the Lopez Group, is kicking off the operation of seven power plants worth P29.3 billion this year through Energy Development Corporation (EDC). During the firm’s annual stockholders’ meeting, FPHC President Francis Giles B. Puno said...
Jollibee Foods Corporation, one of the largest Asian food service companies, will continue to slowly expand its presence in China, targeting 100 new stores to augment its existing 560 stores despite prevailing challenges that has led to lower same-store sales growth. Jollibee Group Chief Financial...
The PSEi bounced from its major support level of 6,400 after bargain hunters started picking up battered stocks. The main index rose by 61.35 points to 0.96 percent to close at 6,433.10 as the Services counter surged although Banks and Conglomerates continued to fall. Volume jumped to 1.22 billion...
SM Hotels and Conventions Corporation (SMHCC), a member of the SM Group under SM Prime Holdings Inc., is opening 1,700 new hotel rooms in the next four years, largely in the provincial areas to serve the growing local tourism industry. In a statement, SM Hotels said it is adding over 1,400 hotel...
The PSEi continues its downward trend, this time falling below the 6400 level after higher US Treasury yields pulled down the Peso. The main index shed 39.66 points or 0.62 percent to close at 6,371.75 as the Property sector led the retreat while Conglomerates managed to advance. Volume rose to 666...
Ginebra San Miguel Inc. (GSMI), the hard liquor arm of San Miguel Corporation (SMC), reported a 17 percent year-on-year growth in consolidated revenues to P15.1 billion in the first quarter of 2024. In a disclosure to the Philippine Stock Exchange (PSE), the firm said it has sustained its momentum...
Renewable power pioneer Alternergy Holdings Corp. signed a green corporate loan with Banco De Oro Unibank, Inc. (BDO) to pursue the construction of its renewable energy projects in Rizal, Quezon, and Bataan. In a disclosure to the Philippine Stock Exchange (PSE), Alternergy said it secured P2...
Lottery firm Pacific Online Systems Corporation reported that it has received a notice from the Philippine Charity Sweepstakes Office (PCSO) that it was sole bidder for the five-year lease of the E-Lotto platform. In a disclosure to the Philippine Stock Exchange (PSE), the firm said the notice said...
CHORDS “Life flows on within you and without you,” sang the late great George Harrison in a Beatles song he wrote for the Sgt. Pepper’s album. With a chapter of my life coming to a close as I leave AboitizPower, looking back on my professional life — from being an Engineer to President and...
The PSEi (Philippine Stock Exchange index) continued to fall as investor sentiment was further weighed down by concern that high interest rates will prevent the local economy from hitting growth targets. The main index plunged 89.93 points or 1.38 percent to close at 6,411.41 led by the losses of...
The Luzon grid was placed under red and yellow alerts for the third consecutive day on Wednesday, May 29, by the National Grid Corporation of the Philippines (NGCP). During the day, the Luzon grid experienced a red alert status from 1 p.m. to 4 p.m., with yellow alerts in place from 12 p.m. to 1...
Rockwell Land Corporation, the upscale property development arm of the Lopez Group, is launching three new projects in the provinces this year as it starts developing its landbank of 500 hectares. Rockwell Land Chairman and CEO Nestor Padilla During the firm’s Annual Stockholders’ Meeting,...
