The local stock market ended the week lower, bucking the trend in overseas markets. The main index dropped 44.44 points or 0.64 percent to close at 6,906.86 as the Services sector continued to lead the retreat at it suffered from profit-taking while the Financials and Mining and Oil counters...
Jollibee Foods Corporation’s Smashburger has opened two new stores in Chicago and New York as part of the US-based fast casual better burger restaurant’s plan to add at least 20 new stores this year. In a statement, the Jollibee Group said this is in line with their aggressive expansion program...
SL Agritech Corporation (SLAC), a leading producer of hybrid rice seeds and premium rice in the Philippines, is planning to raise P4 billion through the issuance of commercial papers. The firm was assigned an issuer credit rating of PRS Aa (corp.), with a Stable Outlook, by Philippine Rating...
The PSEi failed to hold above the key 7,000 level as stocks succumbed to profit-taking after rising in the first three days of the week. The main index fell 106.15 points or 1.5 percent to close at 6,951.30 with the Services counter suffering the biggest loss while the Financials sector was the...
AllDay Supermarket, the fastest growing supermarket operator in the Philippines, is establishing itself as a leading player in the mid-premium supermarket segment in recognition of the growing buying power of the Filipino middle-class. “AllDay has always held itself to a global standard as we...
The PSEi breached the 7,000 resistance level as share prices rode on optimism from gains in US bourses as well as the declining COVID numbers in the Philippines. The main index rose 78.27 points or 1.12 percent to close at 7,059.51 as the Services sector continued to lead the charge across the...
Township developer Megaworld Corporation is allotting P98 billion to develop an 85-hectare property along the North Luzon Expressway (NLEX) in the municipalities of Marilao and Bocaue in Bulacan in 15 to 20 years. In a disclosure to the Philippine Stock Exchange, the firm said it will transform the...
PH Resorts Group Holdings Inc., the gaming unit of businessman Dennis Uy’s Udenna Corporation, has asked the government to suspend the license of its casino project in Clark Freeport Zone, Pampanga because of stiff competition in the area. In a disclosure to the Philippine Stock Exchange PH...
The local stock market managed to recover from early losses after the announcement of a lower-than-expected inflation rate for September. The main index rose 20.35 points or 0.29 percent to close at 6,981.24 as the Services sector led the advance although the Financials and Property counters...
Jollibee Foods Corporation is planning to open more branches of its flagship Jollibee restaurant across Europe, the Middle East, and Asia (EMEAA) following the success of the 11 new stores in the first half of 2021. “As many parts of the world continue opening up, especially in the Europe, Middle...
The local stock market kicked off the week on a positive note although volume was thinner. The main index rose 37.29 points or 0.54 percent to close at 6,960.89 with the Mining and Oil counter leading the advance while the Industrial sector was the only one in the red. 36569 Volume dropped to 861.4...
Axelum Resources Corporation, the country’s leading fully-integrated producer of coconut products, is optimistic of a stronger second half performance, following a robust showing in the first half of the year. “Despite formidable headwinds, our business continues to generate momentum as we...
