While the coverage of its sustainability program is very broad, SM Investments Corporation (SMIC), the holding company of the SM Group, is putting more emphasis on projects that have the greatest impact on people and the environment through a more practical approach. Acknowledging the critical role...
Investors in the local stock market will be looking towards the US for cues as key economic data releases and the US Federal Reserve policy meeting will be front and center this week. “The highly anticipated Fed meeting on June 11 to 12, plus inflation reports for May should drive...
The local stock market was up by only a few points as investors wait for more catalysts. The main index added 8.90 points or 0.14 percent to close at 6,518.76 led by Banks while Conglomerates were in the red. Volume was higher at 579 million shares worth P5.05 billion aa losers edged out gainers 90...
The UK government’s MOBILIST Programme has invested P731 million in Citicore Renewable Energy Corporation (CREC) which is equivalent to 13.77 percent of its P5.3-billion initial public offering (IPO). CREC has successfully completed its IPO and listing on the Philippine Stock Exchange (PSE) on...
Nickel Asia Corporation (NAC) reported that its board of directors has appointed former Energy, then Finance, Secretary Jose Isidro N. Camacho as its Chairman following his election as director. In a disclosure to the Philippine Stock Exchange, the firm said James J.K. Hung was also elected as...
Local share prices continue to benefit from improved sentiment following the release of May’s inflation number which turned out to be lower than feared. The main index rose by 68.54 percent or 1.06 percent to close at 6,509.86 as the Services sector led the advance although Miners retreated....
Security Bank Corporation, one of the country's leading universal banks, has forged a partnership with eCommerce platform Lazada Philippines to offer its retail banking products to online shoppers. Security Bank and Lazada Philippines formalize partnership with the opening of the Bank’s LazMall...
Visayas-based infrastructure and utility firm Vivant Corporation announced that its subsidiary Vivant Water is now producing fresh water from the first train or skid of its desalination plant in Cordova, Cebu. In a statement, the firm said it has made history as the first company to establish a...
The Gokongwei Group’s real estate investment trust RL Commercial REIT Inc. (RCR) is acquiring 13 malls and office assets worth P33.92 billion from its sponsor Robinsons Land Corporation (RLC) through a stock-for-asset swap. RCR President and CEO Jericho P. Go RCR President and CEO Jericho P. Go...
Power retailer Manila Electric Co. (Meralco) announced it will continue its partnership with Robinsons Land Corp. (RLC) to supply electric services to its commercial and residential developments. Meralco said it created a comprehensive development plan that will support the power requirements of...
The local stock exchange recovered some of the previous day’s losses following gains in US equities and the release of the May inflation data. The main index added 54.90 points or 0.86 percent to close at 6,441.32 with Conglomerates leading the advance while the Industrial and Mining...
SMFB to grow beer, liquor businesses By James A. Loyola San Miguel Food and Beverage Inc. (SMFB), a subsidiary of diversified conglomerate San Miguel Corporation, is confident of boosting sales growth for its beer and liquor businesses. During the firm’s annual stockholders’...
