SM Markets, the retail grocery arm of the SM Group’s SM Retail, is planning to open 10 to 15 new stores outside Metro Manila this year to provide for the essential needs of Filipino communities in underserved areas in the provinces. “Service is at the heart of everything we do. As we grow, we...
Del Rosario-led PHINMA Corporation's (PHN) subsidiary Philcement Corporation is buying 100 percent of Petra Cement Inc., which is controlled by tycoon Henry Sy Jr., for P500 million. In a disclosure to the Philippine Stock Exchange (PSE), PHINMA said it has signed Tuesday, May 21, a Share Purchase...
The local stock market rose as sentiment was boosted by gains in US bourses last Friday. The main index rose 64.09 percent or 0.97 percent to close at 6,682.78 as the Mining counter surged to lead the advance across the board. A total of 513 million shares worth P5.8 billion changed hands as...
Being the pioneer at protecting and preserving Verde Island Passage (VIP) for roughly two decades already, the work and initiatives of Lopez-led First Gen Corporation and ABS-CBN Foundation will serve as the foundation for ‘scalable solutions’ to be pursued at that marine protected area (MPA)...
The Philippine Stock Exchange (PSE) has approved the application of Roxas Holdings Inc. (RHI) for a nine-day voluntary suspension of the trading of its stocks following the planned takeover of young tycoon Leandro Leviste. In its letter to the PSE, RHI said it sought a trading suspension to avoid...
Universal Robina Corporation (URC), the Gokongwei Group’s food and beverage unit, reported that two of its top-selling brands in Thailand – Fun-O and Tivoli – have landed in the rarefied list of the country’s most influential brands. In a statement, the firm aid Fun-O and Tivoli topped the...
The local stock market has turned more optimistic with robust first quarter corporate results, below-expected April inflation data in the US, and hopes of policy easing cues from the Bangko Sentral ng Pilipinas. “At its current level, the local market is still deemed to be attractive. Hence,...
Young billionaire Leandro Leviste’s Countryside Investments Holdings Corporation has signed a term sheet with tycoon Manuel V. Pangilinan to invest P5 billion for an initial 71.6 percent in Roxas Holdings Inc. Countryside’s investment will help Roxas Holdings service debt to avoid bankruptcy,...
Motorists filling up their vehicles with diesel products won’t have a happy drive to petroleum stations this week as the price of this commodity will be on uptrend; while those using gasoline products can benefit from marginal reduction in the current round of price adjustments. Based on the...
Eduardo Legarda (third from left) of Atrevidos and his crew won the two-day sailing event. Also pictured are Edgar Krohn (third from right), general manager of Club Punta Fuego; Gibby Peñaflor (second from right), vice president of sales and marketing at Landco Pacific Corporation; and Monchu...
Engineering and infrastructure firm Megawide Construction Corporation bounced back to profitability with a consolidated net income of P183.4 million in the first quarter of 2024 from the P7.4 million net loss in the same period last year. In a disclosure to the Philippine Stock Exchange, the...
The Zobel-controlled Ayala Corporation is fully divesting from utility Manila Water Company with the sale of its remaining 23.6 percent stake in the Metro Manila East Zone concessionaire for P14.5 billion to billionaire Enrique K. Razon Jr.’s Trident Water Company Holdings Inc. In a disclosure to...
