Listed diversified firm San Miguel Corporation (SMC) is targeting to operate the Stage 3 of the P24.4-billion Bulacan Bulk Water Supply Project (BBWSP) by January 2023, following the government approval on the firm’s updated business plan (UBP) for the project. ANGAT DAM “We are targeting the...
SM Investment Corporation reported that its broad vaccination efforts have intensified in solid support of national recovery. In a statement, the conglomerate said the health and safety of its workforce remain paramount with about 94 percent of eligible SM employees vaccinated to date and growing....
RCR gets Triple-A, investment-grade rating RL Commercial REIT, Inc. (RCR), the Philippines’ largest Real Estate Investment Trust (REIT) to date, has receiived the highest Issuer Credit Rating of PRS Aaa (corp.), with a Stable Outlook from Philippine Rating Services Corporation (PhilRatings). An...
Stock prices declined as investors opted to cash out before the week ends. The main index dropped 55.58 points or 0.80 percent to close at 6,912.85 led by profit-taking in the Services sector while only the Financials counter managed to advance. 33177 Volume jumped to 1.81 billion shares worth...
Ayala Corporation, one of the largest conglomerates in the Philippines, has successfully raised US$400 million after setting the terms for a US dollar-denominated fixed-for-life (non-deferrable) senior perpetual issuance on Sept. 16, 2021. In a disclosure to the Philippine Stock Exchange, the firm...
32938 The local stock market finally bounced from its string of losses after investors found share prices to have reached attractive levels. The main index rose 66.99 points or 0.97 percent to close at 6,947.19 with the Services sector leading the advance across the board as it resumed its upward...
A group of farmers expressed disappointment and fear over the decision of the Duterte Administration to transfer the Philippine Crop Insurance Corporation (PCIC) from the Department of Agriculture (DA) to the Department of Finance (DOF). In a statement, the Federation of Free Farmers (FFF) said on...
As Filipinos use more personal and agile forms of transport like motorcycles for work and travel during the pandemic, Pilipinas Shell Petroleum Corporation (Shell) reinforces its commitment to customer service and safety on the road by adding more dedicated Shell Motorcycle...
Shell gives tribute to today’s vaccinated heroes and Shell Service Champions during the Araw ng Service Champion celebrations on National Heroes Day. For this year’s National Heroes Day, Pilipinas Shell Petroleum Corporation (Shell) honored the everyday Filipino — from vaccinated citizens to...
The local stock market weakened further due to the decline in US stocks overnight. The main index dropped 40.16 points or 0.58 percent to close at 6,880.20 as the Property and Services sectors led the retreat while only Holding Firms counter managed to advance. 32711 Volume remained hefty at 1.51...
Ayala Corporation, one of the largest conglomerates in the Philippines, is planning to offer Regulation S US Dollar-denominated senior fixed-for-life perpetual notes to retire at least $800 million worth of older US Dollar-denominated debt. In a disclosure to the Philippine Stock Exchange, the firm...
The local stock market dropped after after hitting strong resistance at the 7,000 level. The PSEi lost 47.78 points or 0.69 percent to close at 6,920.36 as Holding Firms and Mining stocks led the decline while the Services counter continued to buck the trend. 32465 Volume surged with the listing of...
