Leading oil industry player Petron Corporation is seeking extension from the Securities and Exchange Commission (SEC) for the shelf registration of its P50 billion worth of programmed peso fixed-rate bonds issuance. The company stated that in its disclosure to the Philippine Stock Exchange (PSE),...
The local stock market inched up as investors continued to slowly pick up bargains. The main index added 14.06 points or 0.22 percent to close at 6,313.11 led by the advance of the Services sector while Conglomerates and Miners retreated. Volume improved to 323 million shares worth P4.91 billion as...
MREIT Inc., the real estate investment trust of Megaworld Corporation is seeking to diversify its portfolio to include retail spaces as part of its aim to expand its assets to one million square meters of gross leasable area by 2030. MREIT President and CEO Kevin L. Tan “We will begin to...
PLDT Global Corporation, the international retail arm of PLDT Inc., has expanded its partnership with leading international mobile top-up platform Ding to further bring relevant digital solutions and services to Filipinos overseas and their families in the Philippines. “Our long-standing...
Clean energy provider First Gen Corp. has launched its eco-program "Create for the Climate" to help elementary students understand complex climate change concepts through storytelling sessions and action projects. Under the program, students create presentations showcasing their improved...
The Philippine Stock Exchange Index (PSEi) added to the previous day’s gains on the back of more bargain hunting and window dressing. The main index rose by 26.59 points or 0.42 percent to close at 6,299.05 as the Services sector led the advance while Conglomerates and Industrials retreated....
Tycoon Dr. Andrew Tan has handed over the reins of Megaworld Corporation, which he founded more than 30 years ago, to Lourdes T. Gutierrez-Alfonso who will serve as the company’s new president effective immediately. Megaworld's new President Lourdes T. Gutierrez-Alfonso In a disclosure to...
With the robust infrastructure development buildout being cast by the government, Shell Pilipinas Corporation is eyeing brisk growth of 6.0 to 10-percent for its bitumen volume sales across major projects that it will be supplying to. In a briefing with reporters, Shell Country Business...
The local stock market finally bounced after its eight-day fall as investors started bargain-hunting. The main index jumped 113.98 points or 1.85 percent to close at 6,272.46 as the Property sector led the rally while Miners still lagged behind. Volume was a little better than average at 356...
Consumers’ drive to the gas pumps entails new wave of financial pain, as prices will be on uptick again, based on the pricing advisories of the industry players. According to the price adjustment notices sent by the oil companies, the price of diesel products will rise by P1.75 per liter; while...
The International Finance Corp. (IFC) has invested $100 million (over P5.8 billion) in City Savings Bank Inc.'s (CitySavings) maiden social bond issuance aimed at bankrolling more consumer loans to women and marginalized sectors in the Philippines. The World Bank Group's private sector arm...
Metro Pacific Tollways Corporation (MPTC) said it will seal the acquisition of a 35 percent stake in an Indonesian state-owned toll road operator in Jakarta this week. Manuel V. Pangilinan, MPTC chairman, told reporters that they are in the final stages of documentation, with some minor adjustments...
