SM Investments Corporation, the holding company of the Sy family, has committed to support of the Task Force on Climate-related Financial Disclosures (TCFD) in a strong bid to ensure its businesses meet global sustainability targets. This was announced by SMIC during a Virtual Roundtable Discussion...
Top Frontier Investment Holdings Inc., the owner of 67 percent of San Miguel Corporation, reported that its net income soared 802 percent to P28.15 billion in the first half of 2021 from the P4.01 billion net loss suffered in the same period last year. In a disclosure to the Philippine Stock...
The local stock market managed to end higher even after posting losses early in the trading due to a downgrade in the country’s growth target by the government. The main index advanced 38.33 points or 0.57 percent to close at 6,718.51 as Holding Firms continue lead forward with only the...
Metro Pacific Investments Corporation has committed to fully support the ASEAN Green Initiative (AGI) led by the ASEAN Centre for Biodiversity (ACB) in line with the United Nations Decade on Ecosystem Restoration. “As the Philippines’ leading infrastructure investment Company, MPIC is...
Over 3,000 public transport workers have already received their first dose of vaccines against coronavirus disease (COVID-19) through the Department of Transportation's (DOTr) inoculation program. (Photo from Department of Transportation Secretary Art Tugade's Facebook) The workers, who include...
The local stock market rallied for the third day as investors are becoming more optimistic over the country’s COVID situation. The main index jumped 118.77 points or 1.81 percent to close at 6,680.18 led by the Holding Firms and Property counters although the Mining and Oil sector continued to...
Jollibee Foods Corporation is expanding its flagship Jollibee brand to Spain, choosing Madrid—the central capital and most populous city of the country—as its first location. In a statement. the firm said its first store in Spain will open later this year as part of its 50-store expansion plan...
The local stock market added more gains following better remittances data and in anticipation of positive earnings reports from overseas. The main index hiked 47.73 points or 0.73 percent to close at 6,562.41 as the Property sector continued to lead the advance while the Mining and Oil counter was...
AllDay Marts, Inc., the Villar Group’s Supermarket chain, reported a 58.8 percent jump in net income to P179.6 million on the back of a 19.7 percent growth in sales to a record P4.49 billion. “AllDay’s stellar performance thus far is another milestone in its consistent performance since its...
The local stock market jumped as investors scooped up bargains following last Friday’s huge drop in share prices. The main index rose 193.49 points or 3.06 percent to close at 6,513.68 as the battered Holding Firms sector led the rally with only the Mining and Oil counter retreating. 26645 Volume...
Filinvest REIT Corp. (FILRT) reported an 8 percent improvement in net income to P1.05 billion in the first half of 2021 from the same period last year despite lower revenues. In a disclosure to the Philippine Stock Exchange, the firm said this was on the back of a 13 percent drop in revenues that...
It has been said that 2021 is the year of the REIT (real estate investment trust)`after two initial public offerings with a combined market capitalization of P74.36 billion plus two more IPOs in the pipeline with a maximum combined market cap of P128.43 billion. Makati CBD skyline These four IPOs...
