Local equities rose for a sixth consecutive day as heavy buying in port operator International Container Terminal Services Inc. (ICTSI) countered afternoon profit-taking triggered by escalating tensions in the Middle East. The Philippine Stock Exchange index (PSEi) advanced 28.66 points, or 0.46...
Saudi Aramco is set to launch its own branded retail fuel stations in the Philippines, marking the global oil giant’s direct return to the country’s downstream consumer market after a 17-year absence. An official “Aramco Stations Philippines” social media page surfaced recently, issuing...
Gotianun-led Filinvest Land Inc. (FLI) has turned over a prime 6,000-square-meter (sqm) property in Bicutan to the Department of Transportation (DOTr), clearing the way for the development of the highly anticipated Bicutan Station of the North-South Commuter Railway (NSCR) Project. Designed as a...
Trillionaire Enrique K. Razon Jr., through Prime Strategic Holdings Inc. (PSHI), has expanded his majority stake in Apex Mining Co. Inc. to 67 percent after acquiring shares worth ₱1.68 billion from its former controlling shareholder. In a disclosure to the Philippine Stock Exchange (PSE) on...
Following the opening of its biggest Healthway Multi-Specialty Center in Makati, Ayala Healthcare Holdings Inc. (AC Health) is planning to open two more branches to hit its target of operating a network of 20 branches by next year. "We are actively scaling our footprint to bring high-quality...
Asiabest Group International Inc. (AGI), the shell company acquired by construction tycoon Francis Lloyd Chua, is seeking shareholder approval to fold in infrastructure and real estate assets at a valuation significantly lower than initially projected. In a statement, the investment company said it...
Malacañang has expressed confidence that the leadership of the Iglesia ni Cristo (INC) would respect the court 's decision ordering the arrest of Sen. Rodante Marcoleta, saying compliance with the rule of law should prevail regardless of political or religious affiliations. Presidential...
Hyundai Motor Philippines Inc. (HMPH) welcomes the month of July with exclusive offers on some of its most sought-after models, giving customers more reasons to drive home a brand-new Hyundai this mid-year. Whether upgrading to a family SUV, a premium people mover, a versatile MPV, or modern sedan,...
A Brown Co. Inc. has raised ₱4 billion from its maiden fixed-rate bond issuance, which will be deployed to support the growth of its real estate and renewable energy (RE) businesses. Now listed on Philippine Dealing & Exchange Corp. (PDEx), the issuance consists of series A three-year fixed-rate...
The Philippine Stock Exchange (PSE) expects total capital raised on the bourse to surpass ₱200 billion this year, driven by the wave of large-scale corporate offerings led by fintech giant Mynt, the parent company of mobile wallet GCash. Ramon S. Monzon, PSE president and chief executive officer,...
Razon-led International Container Terminal Services Inc. (ICTSI) is on track to become the first ₱2 trillion company listed on the Philippine Stock Exchange (PSE), rendering any speculative move to delist and seek an overseas debut unnecessary, according to the bourse’s top official. PSE...
The Quezon City Police District (QCPD) has relieved a police officer caught in a viral video allegedly mishandling a June 30 confrontation between a motorcycle rider and Iglesia Ni Cristo (INC) rally participants along EDSA near the People Power Monument. QCPD director Police Brig. Gen. Randy...
