Niche developer Italpinas Development Corporation, through wholly-owned subsidiary IDC Prime Inc., has forged a joint venture with two landowners for the development of a P2.81 billion residential project in Palawan. In a disclosure to the Philippine Stock Exchange (PSE), the firm said IDC Prime...
After its steep eight-day fall, the local stock market will now be looking forward to the Monetary Board’s policy meeting later this week as it hopes for a statement that will trigger bargain-hunting among investors. “The local market is seen to be exhibiting a bearish bias… With its decline,...
The Philippine Electricity Market Corporation (PEMC), which serves as the governance body of the Wholesale Electricity Spot Market (WESM), has elected its new set of board of directors and officers that will help oversee the operations of the country’s power spot market. The reconstituted board...
The local stock market benchmark plunged almost 200 points to its lowest level this year as bearish sentiment prevailed. The main index fell 186.08 points or 2.93 percent to close at 3,158.48 with the Mining sector leading the retreat across the board. Volume rose to 632 million shares worth a...
China Banking Corporation (Chinabank) has changed its stock symbol at the Philippine Stock Exchange (PSE) from "CHIB" to "CBC" following a bell ringing ceremony at the bourse on June 19. Stage left, from right: Chinabank Chairman Hans Sy, Pres. & CEO Romeo Uyan Jr., and Directors Joaquin...
Cebu-based energy and water conglomerate Vivant Corporation expects 2024 to be another year of sustained growth for the company as it plans to invest P30 billion over the next five years. “Banking on our sustained revenue and operating income amounting to P2.3 billion for full-year 2023, we see...
SM Advantage Card (SMAC), the country’s biggest retail rewards system, doubled its loyalty base from five million in 2020 to reaching over 10 million members to date as it continues to reach more customers. In a statement, SM Investments Corporation said it has been reinforcing its...
Pangilinan-led Metro Pacific Tollways Corp. (MPTC) has begun the construction of two expressway projects designed to alleviate traffic congestion in southern Manila. President Marcos presided over the groundbreaking ceremony alongside MPTC executives for the P2.2 billion Cavitex-Calax Link and the...
Big dreams, small agents: All-kids realtors are giving Sevina Park Villas a big thumbs up for a greener and brighter future. Prospective homebuyers of Arthaland’s Sevina Park Villas were pleasantly surprised to discover that it would be kids acting as sales agents who would give them a tour of...
The annual stockholders meeting of PetroEnergy Resources Corporation (PERC) will be conducted virtually by the presiding officer at Conference Room 1, 47th Floor, Yuchengco Tower, RCBC Plaza Building, 6819 Cor. Sen. Gil J. Puyat and Ayala Avenues, Makati City. Through this link,...
The PSEi is still on a losing streak, declining as the market suffers from a lack of fresh leads. The main index lost 21.47 percent or 0.34 percent to close at 6,344.56 as Banks and Services led the retreat. Volume was still below average at 328 million shares worth P3.94 billion as gainers...
ABS-CBN Corporation expects to improve its performance this year, four years after losing its broadcasting franchise, as it continues to focus on providing content on air and via online or digital platforms. During the firm’s annual stockholders’ meeting, ABS-CBN President and CEO Carlo L....
