The local stock market has turned bearish after last week’s plunge but investors are not seen to jump in to pick up bargains this week as they are expected to remain on the sidelines amid an absence of positive catalysts. “The local market declined last week by 2.07 percent. With its decline,...
PH shares continue to fall amid rate cut uncertainty The local stock market inched lower for a full week of decline as investors opted to sit out the long weekend amid uncertainty over future rate cuts. The main index shed 7.13 points or 0.11 percent to close at 6,383.70 with the Mining and...
The local stock market ended below the 6,400 level despite a strong start as investors sold down shares in late trades. The main index lost 19.24 points or 0.30 percent to close at 6,390.83 led by the decline of the Mining and Oil sector while Property and Services managed to advance. Volume rose...
Renewable power pioneer Alternergy Holdings Corporation’s subsidiary Alabat Wind Power Corporation (AWPC) has secured a P5.3-billion project finance facility from Rizal Commercial Banking Corporation (RCBC). In a disclosure to the Philippine Stock Exchange (PSE), the firm said the fund will be...
Construction giant EEI Corporation (EEI) has signed a Memorandum of Understanding (MoU) with Concrete Stone Corp. (CSC) for its precast concrete requirements to be utilized for multiple mega infrastructure projects. In a disclosure to the Philippine Stock Exchange (PSE), EEI said that with...
The proposed merger between Metro Pacific Tollways Corporation and SMC Tollways of San Miguel Corporation may be closed as early as July this year with the signing of a definitive agreement. In an interview at the sidelines of the PLDT annual stockholders’ meeting, Metro Pacific Investments...
The Philippine Stock Exchange index (PSEi) continued to drop as investors cashed out prior to the midweek holiday while waiting for news from the US Federal Reserve. The main index lost 48.57 points or 0.75 percent to close at 6,410.07 as the Services sector led the retreat. Volume remained weak at...
Diversified conglomerate San Miguel Corporation is targeting at least double-digit growth in revenue and operating income this year as its businesses continue to expand after the pandemic. SMC President and CEO Ramon S. Ang “As you can see in the first quarter results of the San Miguel...
The local stock market started the weak soft, falling on profit-taking and concern over the US jobs report. The main index lost 60.12 percent or 0.92 percent to close at 6,458.64 with the Mining and Oil sector leading the decline across the board. Volume fell to 282 million shares worth P3 billion...
Filinvest Hospitality Corporation, the hospitality arm of Gotianun-led Filinvest Development Corporation, is beefing up its portfolio by enhancing its established hotel brands and introducing new hotel and food and beverage (F&B) offerings. Francis Gotianun is the Senior Vice President of...
Motorists using diesel will be greeted with cheers at the domestic pumps this week, as the price of this commodity will be reduced by a significant P1.20 per liter, based on the pricing adjustment advisories of the oil companies. For those filling up their vehicles with gasoline, the price cut will...
CREC eyes Green Bond offering in 2025 By James A. Loyola After raising P5.3 billion from its initial public offering (IPO), Citicore Renewable Energy Corporation (CREC) is considering the issuance of Green Bonds to help fund its aggressive $3-billion five-year expansion program. During the press...
