Lopez Holdings Corporation reported an attributable net income of P2.25 billion for the first nine months of 2021, a reversal of the P491 million in attributable net loss suffered in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said “This was mainly due to...
SM Prime Holdings Inc., one of the leading integrated property developers in Southeast Asia, has successfully listing its P10 billion Retail Bond Series O at the Philippine Dealing & Exchange Corp. (PDEx). In a statement, the firm said SM Prime Chief Finance Officer John Nai Peng C. Ong and...
AllHome Corp., the country’s pioneering one-stop shop home store, reported a 65 percent surge in net income to P973 million in the first nine months of the year despite intermittent pandemic lockdowns throughout the period. In a disclosure to the Philippine Stock Exchange, the firm said it posted...
The Philippines’ major commercial poultry producers are ready for the ‘Christmas rush’, with consumers assured of the supply and stable prices. Vitarich Corporation spokesperson Atty. Karen Jimeno said that when it comes to supply, the company is “ready for the Christmas rush and the...
Stocks to take cues from politics, COVID cases James A. Loyola The local stock market is seen to be swayed by recent political developments this week although investors continue to be optimistic amid the reopening of the economy and the generally positive corporate results for the third quarter....
After the lockdown cut off farmers’ access to markets, San Miguel rolled out programs to preserve harvests, increase farm incomes, and create sustainable opportunities in food production When Luzon was placed under enhanced community quarantine in mid-March 2020, among the first voices heard from...
The local stock market bounced from its two-day correction yesterday as investors continue to regain optimism. The Philippine Stock Exchange index (PSEi) rose 51.19 points, or 0.70 percent, to close at 7,382.84 although sectoral indices were evenly mixed with Property stocks leading the advance...
Security Bank Corporation posted 28 percent drop in net profit to P4.8 billion in the first nine months of 2021 from the P6.7 billion earned in the same period last year which was marked by strong trading gains. In a disclosure to the Philippine Stock Exchange, the bank said its profit before tax...
Ayala Corporation reported a 70 percent leap in net income to P19.4 billion in the first nine months of the year on improved performance of most of its business units. In a disclosure to the Philippine Stock Exchange, the firm said “The strong performance was boosted by gains from the partial...
AC Logistics Holdings Corp., a wholly owned subsidiary of Ayala Corporation, is acquiring a controlling 60 percent stake in the Air 21 Group from Alberto D. Lina for an undisclosed sum. In a statement, AC Logistics said it has signed an Investment Agreement with Lina, Air 21 Holdings Inc. (AHI),...
House Assistant Majority Leader and Cebu Representative Eduardo Gullas on Friday rejected the offer of San Miguel Corporation chief executive Ramon Ang to sell Petron Corp. back to the government through a five-year installment payment scheme. "Thanks, but no thanks. Business tycoon Ramon Ang can...
The local stock market continued to be pulled lower by profit-taking following the decline in US bourses. The main index lost 44.03 points or 0.60 percent to close at 7,331.65 as the Property sector led the retreat while the Services counter managed to hold its ground. 45341 Volume was lower at...
