The local stock market posted more gains as investors grow more optimistic with the coming earnings season and dropping COVID-19 csses. The PSEi added 30.77 points or 0.42 percent to close at 7,297.08 as Holding Firms led gainers although the Mining and Oil and Financials counters saw some...
Filinvest Land Inc., a member of the Gotianun Group, has obtained the highest Issue Credit Rating of PRS Aaa from Philippine Rating Services Corporation (PhilRatings) for its planned bond issuance of up to P10 billion. The firm disclosed to the Philippine Stock Exchange that it is planning a P8.0...
AREIT Inc., pioneering real estate investment trust sponsored by Ayala Land Inc., is planning to raise P3 billion from the issuance of fixed-rate bonds as the initial tranche of its proposed Debt Securities Program of up to P15.0 billion. The firm intends to use the net proceeds from the bond...
SM Investments Corporation (SM) is calling on business leaders across the ASEAN region to adopt sustainable business practices during the Global Reporting Initiative (GRI)-SM ASEAN Sustainability E-Summit 2021. To be held on Oct. 21 and 22, the E-Summit will have the theme “Leaving No One Behind:...
The local stock market continued to rise as world oil prices eased while local COVID cases declined further. The PSEi hiked 46.50 points or 0.64 percent to close at 7,266.31 although only the Holding Firms and Industrial counters advanced while the Mining and Oil sector led decliners. 39847 Volume...
Essential skills for the future “The pandemic has spurred the speed of technology adoption, giving rise to the demand for new skills, jobs, roles at the forefront of the data and AI economy,” explains Aileen Judan-Jiao, president and country general manager of IBM Philippines. “IBM sees the...
Universal Robina Corporation (URC) reported that its international operations have been able to adapt to the challenges posed by the ongoing COVID-19 pandemic. In a statement, URC President and CEO Irwin Lee said the past year had been challenging because of the COVID-19 pandemic. URC LOGO...
ABS-CBN Film Productions, a unit of ABS-CBN Corp. and the Philippines’ leading movie outfit, is exporting its box office hits to India for adaptation in Bollywood. In a statement, ABS-CBN said it is forging a deal with India’s Global One Studios for the adaptation of five of its box office hits...
MREIT, Inc., the real estate investment trust of the country’s largest office landlord Megaworld Corp., is set to declare a cash dividend of at least P0.24 per share this month after posting higher revenues in the third quarter of the year. In a statement, MREIT said its revenues improved six...
State-owned companies dividend payments were slashed by more than half in the first nine-months of the year, data from the Department of Finance (DOF) revealed. The DOF reported it collected P53.1 billion from government owned and controlled corporations (GOCCs) in January to September, lower by 60...
The local stock market is seen to be cautiously optimistic this week as it builds up strength above the 7,000 level for its fourth quarter run although inflationary factors may put at damper on sentiment. “Next week, the local market could move sideways. The brightening economic prospects brought...
Philippine Postal Corp. unveils the Jaworski stamp collection on Saturday, Oct. 16, to honor the PBA legend and his valuable contributions to local basketball. (Manny Llanes) Philippine Postal Corp. unveiled its “SALAMAT – Pagpupugay sa mga Alamat” series: the ROBERT JAWORSKI – LIVING...
