While there is still momentum in the local stock market from last week’s rally, its sustainability will hinge on whether there will be more positive news on COVID-19 vaccines and the US stimulus package. BDO Chief Market Strategist Jonathan Ravelas said that, after hopes of a vaccine fueled last...
The Lopez group of companies is planning to use First Philippine Holdings Corporation to buy for up to P17.5 billion all the public shares of Lopez Holdings Corporation which it plans to eventually delist from the bourse. In disclosures to the Philippine Stock Exchange, Lopez Holdings said...
A tripartite agreement was signed today for the private sector donation to the government of 3-million dosage of COVID-19 vaccine, estimated to cost P700 million. The agreement “Angat Lahat: A Dose of Hope” was signed today by Presidential Adviser for Entrepreneurship and Nego Negosyo...
ATN Holdings, a diversified group which operates of one of the country’s largest rock-reserves sites, is aiming to generate P1 billion in sales of aggregates, concrete and boulders over the next two years. “We are initially setting a P1 billion sales target for 2021-2022,” said ATN...
The country’s biggest power generation companies are eyeing to join the competitive selection process (CSP) of Manila Electric Company (Meralco) so they can corner contracts on the utility firm’s future power...
Laguna Technopark, a development of AyalaLand Logistics Holdings Corp. (ALLHC), celebrates its 30th anniversary marked by the transformation of agricultural lands in Laguna into a progressive industrial center. A pioneer industrial estate in Calabarzon that started in 1990, Laguna Technopark has...
In the midst of a pandemic that halted most business activity for months, 21 Filipino companies managed to maintain their sustainability initiatives and win at the recent Asia Corporate Excellence & Sustainability (ACES) Awards. In awarding ceremonies held online last 10 November, 21 companies...
Global Ferronickel Holdings, Inc. (FNI), through its operating arm in Surigao del Norte Platinum Group Metals Corporation (PGMC), committed to ship as much as 1.3 million wet metric tons (WMT) of nickel ore to Baosteel Resources International Co. Ltd next year. In a regulatory filing to the...
The Makati Medical Center (MMC), the country’s leading healthcare and medical provider, said it will maintain its close to P1 billion expansion program for 2021 they had set even before the pandemic as they move to add more facilities, equipment, and bring its services offsite to serve more...
The power investment unit of San Miguel Corporation (SMC) considerably bucked the odds of electricity demand slump and economic contraction this year, as its three-quarter income climbed by 27-percent to P14.48 billion versus last year’s P11.385 billion in the same period. SMC Global Power...
Diversified conglomerate San Miguel Corporation (SMC) posted a net income of P15 billion for the third quarter of 2020, a full turnaround from the P4.0 billion loss incurred in the first half following the easing of restrictions starting July. Consolidated revenues and operating...
Robinsons Retail Holdings, Inc. reported a 13.9 percent drop in attributable net income to P2.4 billion in the first nine months of 2020 due to the impact of quarantine restrictions imposed to stem the spread of COVID-19. In a disclosure to the Philippine Stock Exchange, RRHI noted though...
