In an attempt to boost employment opportunities in Metro Manila and surrounding areas, Malacañang has issued an administrative order (AO) amending provisions of the previous administration's AO No. 18, granting a second chance for applicants for economic zones within the National Capital Region...
The Philippine Statistics Authority (PSA) said that prices of goods in the National Capital Region (NCR) in October rose at the slowest pace since the trend started to increase in February last year. Data released by the PSA showed that the annual rate of the general retail price index (GRPI) in...
The PSEi was up today, Dec. 1, following gains made by US bourses amid hopes that interest rates will not be raised. The main index added 21.45 points or 0.34 percent to close at 6,245.18 as the Property counter led the advance while Banks and Miners lagged behind. Volume declined to 1.68...
The local stock market continued to decline as investors adjust their holdings to the new MSCI index composition. The main index dropped 41.41 points or 0.66 percent to close at 6,223.73 with Conglomerates leading the retreat although Banks and Property stocks managed to advance. Volume...
The local stock market opened the shorter trading week on a positive note as month’s end window dressing started while oil prices weakened. The main index rose by 40.07 points or 0.64 percent to close at 6,309.57 as the Property sector surged to lead the advance while the Industrial and...
The Senate on Wednesday, November 22 approved on third and final reading the bill that seeks to establish the proposed Philippine Ecosystem and Natural Capital Accounting System (PENCAS) law. At least 23 senators in favor of Senate Bill No. 2439, with zero negative votes and zero...
Toyota Motor Philippines (TMP), a subsidiary of the Ty family’s GT Capital Holdings, reported that its consolidated net income zoomed 159 percent to P10.9 billion in the first nine months of 2023 from the P4.2 billion earned in the same period last year. In a statement, the firm said it...
GT Capital Holdings Inc., the Ty family conglomerate, reported that its consolidated net income rose 54 percent to P23.09 billion in the first nine months of 2023 from the P14.95 billion earned in the same period last year, boosted by its banking and automotive businesses. In a disclosure to the...
Cosco Capital Inc., the retail holding firm of tycoon Lucio L. Co, reported a modest 4.8 percent improvement in consolidated net income to P9.1 billion in the first nine months of 2023 from the P8.7 billion earned a year ago. In a disclosure to the Philippine Stock Exchange (PSE), the firm...
Prime Energy Resources Development B.V. has set a high standard for safety excellence in the energy industry. The subsidiary of Enrique Razon’s Prime Infrastructure Capital Inc. hit a milestone for its “Goal Zero” in over 22 years at the Malampaya Onshore Gas Plant (MOGP). Goal Zero is an act...
SB Capital Investment Corporation, the wholly-owned investment banking arm of Security Bank Corporation, and RCBC Capital Corporation have successfully arranged and managed a P2-billion private placement of fixed rate notes for Asialink Finance Corporation. In a statement, SB Capital said the...
Aboitiz InfraCapital (AIC), one of the country’s leading infrastructure companies, is strategically expanding its portfolio to Central Luzon with plans to develop a 200-hectare economic estate in Tarlac City. In a statement, the firm said its subsidiary LIMA Land Inc. has acquired the 200 hectare...
