The Securities and Exchange Commission (SEC) has approved the amendment to SM Investments Corporation’s (SMIC) articles of incorporation which provides for the increase in the number of its board directors to nine from eight. In a disclosure to the Philippine Stock Exchange (PSE), SMIC said it...
Universal Robina Corporation (URC), the food and beverage unit of the Gokongwei Group, is forming a joint venture with Greencycle Innovative Solutions Inc. for waste management. In a disclosure to the Philippine Stock Exchange (PSE) on July 9. 2024, URC said the waste management that will be done...
The local stock market started the week on a positive note ahead of the release of several important economic data in the Philippines and the US. The main index added 36.68 points or 0.56 percent to close at 6,529.43, although half the sub-indices retreated. Volume rose to 447 million shares worth...
Robinsons Land Corporation (RLC) is optimistic about the prospects of the residential market and plans to launch one more luxury or middle-income condominium worth P5 billion to P12 billion before the end of the year. This comes after the better-than-expected sales performance of the P21 billion...
DoubleDragon Corporation’s retail bond offering exceeded expectations, leading to full subscriptions well before the scheduled deadline. In a disclosure to the Philippine Stock Exchange, DoubleDragon said the offer period, originally planned to conclude on July 10, 2024, was closed earlier...
It will not be a happy drive to the gas pumps this week, as fuel prices will rise again for the fourth week in a row, based on the pricing adjustment advisories of the oil companies. The oil firms announced that the price of gasoline products will increase by a hefty P1.60 per liter; while diesel...
Security Bank Corporation plans to raise at least P5 billion from a fixed-rate peso bond offering with an oversubscription option to be issued from its P200 billion peso bond and commercial papers program. In a disclosure to the Philippine Stock Exchange (PSE), the bank said the bonds will have a...
PLDT Inc. (PLDT) and Smart Communications, Inc. (Smart) Chairman and CEO Manuel V. Pangilinan plans to grow the business beyond telecommunications by tapping into the strengths of the whole MVP Group through DigiCo. During the recently held PLDT annual shareholders’ meeting, Pangilinan introduced...
The local stock market may continue to ride higher on news of the lower Philippine inflation and indications of disinflation in the US although investors will still be waiting for the US July inflation report and some local economic data for more cues. “We’re seeing a build-up of upward...
The Chairman’s Cabin is a 300-sqm. villa at Landco Pacific BeachTowns CaSoBe (Calatagan South Beach), customized for Manuel V. Pangilinan, chairman of Landco Pacific Corporation and Metro Pacific Investments Corporation Waking up by the beach, seeing the sunrise as you sip your coffee and feel...
The Philippine Stock Exchange (PSE) edged lower as investors took profits before the bourse closed for the weekend. The PSE index shed 14.74 points or 0.23 percent to close at 6,492.75 with sectoral indices evenly divided. Volume decreased to 455 million shares worth P4.24 billion as losers...
Ayala-led ACEN Corporation had secured $150 million green term loan to bankroll the development of its pipelined renewable energy (RE) projects in the Asia Pacific region. The credit facility will have a five-year repayment period; and this was availed of via its subsidiary ACEN Renewables...
