The Philippine Stock Exchange announced the recomposition of its benchmark index with the addition of AC Energy Corporation and Converge Information and Communications Technology Solutions, Inc. starting August 16, 2021. In a statement, the bourse said the two securities will replace DMCI Holdings,...
Diversified conglomerate San Miguel Corporation (SMC) posted a net income of P29.6 billion in the first six months of 2021—a significant turnaround from its P4.0 billion net loss in the same period last year. In a statement, the firm attributed its performance to the robust recoveries posted by...
San Miguel Food and Beverage, Inc. (SMFB) reported that its first half consolidated net income rose 137 percent to P17.36 billion, surpassing pre-pandemic profits in the first half of 2019. In a disclosure to the Philippine Stock Exchange, the firm said this was driven by stronger operating...
Trade and Industry Secretary Ramon M. Lopez has assured the public that there is more than enough supply of medical oxygen (O2) to quell panic, even raising the potential of allowing more importation and a stern warning against hoarding. “Current industry capacity is about 3 times more than...
Trade and Industry Secretary Ramon M. Lopez has urged Congress to pass the 3 pending economic reform bills in this third quarter or before the filing of candidacy for the national elections in October to sustain growth in foreign direct investments (FDI) and drive economic recovery post COVID....
San Miguel Corporation (SMC) assures the public that the conglomerate is adequately prepared to supply much-needed food, fuel and power throughout the two-week lockdown aimed at containing surging COVID-19 cases.
SMC President Ramon S. Ang said in a statement that the company is also prepared to...
The Fiscal Incentives Review Board (FIRB) has approved the grant of tax incentives for a mass housing project and two cement manufacturing plants all located outside Metro Manila. Chaired by Finance Secretary Carlos G. Dominguez III, the FIRB during its third meeting last August 2 approved the tax...
San Miguel Corporation is aiming to give over 35,000 employees and extended workforce their first dose of COVID-19 vaccines in the next five weeks following the delivery of the first tranche of Astra Zeneca vaccines it procured. SMC president Ramon S. Ang said that the company had already delivered...
The Department of Tourism (DOT) is mourning the passing of heritage and cultural tourism advocate Ramon Hofileña. Ramon Hofileña (Photo from the Department of Tourism) In a statement, the DOT conveyed its condolences to the family of Hofileña who was recognized as the father of heritage...
Philippine Sports Commission (PSC) Chairman Butch Ramirez and weightlifter Hidilyn Diaz during the 2019 Southeast Asian Games here. (PSC Instagram) The cash incentives continue to come to Hidilyn Diaz's way. The 30-year-old weightlifter is set to receive an additional P5 million from the Philippine...
While it already expects record high listing activities this year, the Philippine Stock Exchange is preparing to launch new rules and products that will further stir up trading at the local bourse. During the PSE’s Mid-Year Stock Market Briefing, PSE President Ramon S. Monzon said plans include...
A two-week hard lockdown could mean wage losses of P30 billion and closure of 18 percent of establishments, affecting 1.8 million workers in the National Capital Region (NCR) and neighboring provinces, according to Trade and Industry Secretary Ramon M. Lopez. Department of Trade and Industry...
