Eagle Cement Corp., a publicly-listed firm controlled by the family of tycoon Ramon S. Ang, is acquiring 100 percent of the capital stock of sister company Solid North Mineral Corp. (SNMC) for P3.57 billion. In a disclosure to the Philippine Stock Exchange, the firm said on Friday, Sept. 24, that...
The Philippine Stock Exchange index gained for the third day on the back of stronger US stocks and the decline in new COVID cases in the country. The main index advanced 24.55 points or 0.36 percent to close at 6,915.28 on Thursday, Sept. 23, as the Industrial sector led the advance while the...
Jollibee Foods Corp. is expanding the presence of its flagship Jollibee brand in Canada with the launch of a new mobile kitchen in Hamilton, Ontario, and a new store in Winnipeg, Manitoba. In a statement, Jollibee said it partnered with DoorDash, an online food ordering platform, to launch the...
The Securities and Exchange Commission (SEC) has declared final and executory the revocation of the Certificate of Authority (CA) of KingABC Lending Corporation to operate a lending company because of unfair debt collection practices. In a resolution, the SEC Corporate Governance and Finance...
Ayala Corporation and its healthcare arm Ayala Healthcare Holdings, Inc. (AC Health) have donated 1,000 flu vaccine doses to the City of Taguig as part of Brigadang Ayala. The vaccines were turned over during the groundbreaking event of the Healthway Cancer Care Center, AC Health’s specialty...
The local stock market made a small bounce even as investors worry about China’s property debt crisis. The main index added 23.30 points or 0.34 percent to close at 6,881.20 although sectoral indices were evenly mixed with the Property counter actually leading the advance. 33937 Volume was...
The government has greenlighted San Miguel Corporation’s (SMC) ₱95-billion Pasig River Expressway (PAREX) project, a 19.37-km, six-lane elevated road, that will run along the banks of the Pasig River. In a statement, SMC said PAREX will start from Radial Road 10 in the City of Manila to C-6...
The local stock market followed through on last Friday’s weakness due to lack of fresh leads. The main index dropped 54.95 points or 0.79 percent to close at 6,857.90 as the Mining and Oil counter led the retreat while the Services sector was the only gainer. 33707 Volume was about average at...
Robinsons Land Corporation is developing two office towers that will be the first of its new generation buildings that are designed to be future-ready and responsive to the evolving preferences of the market. First among this new line of buildings are the firm’s GBF Tower 1 and Tower 2 which will...
Megaworld Corporation is spending P40 billion in 10 to 15 years to develop 462 hectares of beachfront and inland properties in San Vicente, Palawan into an eco-tourism township. In a disclosure to the Philippine Stock Exchange, the firm said this shows that it remains optimistic on the fast...
Integrated energy company Semirara Mining and Power Corporation (SMPC) was recognized at the ASEAN Energy Awards for the accelerated rehabilitation of its South Panian coal mine. To be specific, SMPC was declared as the winner in the award’s Special Submission category for the company’s...
Jollibee’s first Spain restaurant has a dining capacity for 180 guests, and features the brand’s store design reimagined for European customers. Jollibee’s first Spain restaurant has a dining capacity for 180 guests, and features the brand’s store design reimagined for European customers....
