The Philippines and the United Arab Emirates (UAE) signed an investment promotion and protection agreement (IPPA) this week to boost bilateral investments between the two countries, the Department of Foreign Affairs (DFA) said. Philippine Ambassador to the United Arab Emirates Hjayceelyn Quintana,...
The Philippine Stock Exchange (PSE) reported that the number of online stock market accounts in the Philippines has breached the one million mark in 2021. In its annual stock market investor profile (SMIP) report, the PSE said online investor accounts grew by 23.8 percent year-on-year to 1,159,034...
Renewable energy producer Raslag Corporation has successfully listed its shares are the Philippine Stock Exchange following its P700 million initial public offering. Raslag shares opened at its high of P2.48 per share before slowly declining to its closing price of P2.05 per share, 2.5 percent...
Downtown Davao City and neighboring areas are ready for the inauguration of Vice President-elect Sara Duterte on June 19, her spokesperson said on Saturday, June 4. Vice President-elect Sara Duterte-Carpio (Photo from Lakas-CMD Media) Liloan Mayor Christina Frasco shared that the inauguration will...
EDITORS DESK Ramon Bonilla As President Duterte marches out of Malacañang in less than a month, it is worth noting that for the past six years he had delivered his promises for the athletes. Name it — from spanking new stadiums, eye-dropping budget for training and international exposures, and...
While grappling with rising raw material costs in all divisions, San Miguel Food and Beverage Inc. expects its beer and spirits businesses to continue to recover as the economy reopens. “We are almost half-way through 2022 and many macro uncertainties have emerged including accelerating inflation...
The Philippine Stock Exchange, Inc. (PSE) has approved the initial public offering of VistaREIT, Inc., the real estate investment trust of the Villar group, worth up to P9.18 billion to be conducted from May 30 to June 3, 2022. In a statement, the bourse said VistaREIT The company is expected to...
The Philippine Stock Exchange has approved the planned initial public offering (IPO) of renewable energy producer Raslag Corporation worth up to P700 million. The solar power company will offer up to 350 million primary shares and up to 52.50 million over-allotment option shares at a price of up to...
Diversified conglomerate San Miguel Corporation posted a 19 percent drop in net income to P13.94 billion in the first quarter of 2022 from P17.17 billion in the same period last year due to non-recurring items. In a statement, the firm said consolidated income from operations jumped 25 percent to...
San Miguel Food and Beverage, Inc. reported a 5 percent decline in consolidated net income to P9.2 billion in the first quarter of 2022 from P9.7 billion in the same period last year. However, the firm said in a statement that, excluding non-recurring benefits in the first quarter of 2021 related...
CATANAUAN, Quezon—The mayor of this town in Quezon province, said to be the one that suffered most from human rights abuses during Martial Law, joined priests and lay leaders in endorsing Vice President Leni Robredo’s presidential bid. Vice President Leni Robredo gets endorsement from Catanauan...
The Philippine Stock Exchange, Inc. (PSE) posted a 40 percent jump in net income to a record P919.48 million last year from the P656.81 million earned in 2020, surpassing the previous high of P867.55 million set in 2014. In a disclosure, the bourse said it also registered a 25.3 percent...
