The local stock market declined due to weaker factory output In August as a result of stricter lockdown measures. The main index dropped 69.5 points or 1.01 percent to close at 6,785.94 although the Financials and Mining and Oil counters managed to hold their ground even as the Property sector led...
Carmen Copper Corporation, a subsidiary of Atlas Mining & Development Corporation, reported higher copper production and shipments in the second quarter compared to the first quarter of the year due to improvements in grades and milling tonnage. In a disclosure to the Philippine Stock Exchange,...
Rockwell Land Corporation more than doubled its consolidated net income to P1.56 billion in the first half of 2021 from the P702 million earned in the sam period last year. In a disclosure to the Philippine Stock Exchange, the firm said attributable profit jumped 105 percent to P1.25 billion from...
The local stock market started the week lower but rose towards the end of the session as funds started window-dressing. The main index gained 68.82 points or 1.01 percent to close at 6,855.44 led by the blue-chip Industrial sector with only the Financials counter retreating. Volume surged to 2.92...
The Department of Finance (DOF) is set to launch an online tool that aims to streamline the reporting of data pertaining to the debts and other liabilities of government-owned and -controlled corporations (GOCCs). In a report to Finance Secretary Carlos Dominguez III, Joan Castillo, DOF’s...
AllDay Supermarket, currently the fastest growing supermarket operator in the Philippines, has recently launched its “dark store” concept as it continues to banner a global standard in the local supermarket industry. "Dark stores" are standalone facilities optimized for e-commerce that acts as...
The local stock market is seen to be weighed down by the extension of quarantine measures in the national capital region as well as by rising COVID-19 cases while several issuances may affect market liquidity. “In general, the local market has shown bullish momentum in the past two weeks. The...
The local stock market ended lower as investors cashed out ahead of the long weekend. The main index declined by 33.91 points or 0.50 percent to close at 6,786.62 as the Property sector led the retreat while the Industrial and Financials sectors managed to advance. 28920 Volume was weaker at 1.62...
Robinsons Land Corp. sponsored real estate investment trust (REIT), RL Commercial REIT, has started its offer period after it secured an approval from the Securities and Exchange Commission (SEC). The initial public offering is up to Php 23.53 Billion. Details of the final REIT plan may be accessed...
President Duterte lauded tycoon Ramon Ang for his generosity and all the help he has extended to the government especially during the coronavirus (COVID-19) pandemic. President Duterte with San Miguel Corporation President and COO Ramon Ang (Malacañang photo) Duterte made the statement after...
The local stock market ended flat as profit-taking offset the strong performance of the telecommunications sector. The main index shed 1.62 points or 0.02 percent to close at 6,820.53 with only the Services and Mining and Oil counters advancing. 28701 Volume rose to 2.48 billion shares worth P9.06...
Department of Transportation (DOTr) Secretary Arthur Tugade led the ground-breaking ceremony for the first ever K9 Academy in Southeast Asia which will be operated by the Philippine Coast Guard (PCG) and the Philippine Ports Area (PPA) at a former American military base in Central Luzon. During the...
