The respective managements of Metro Manila's major railway systems have assured passengers that they will remain operational during the two-week enhanced community quarantine (ECQ) period, which will start Friday, Aug. 6. Transport authorities remind commuters to observe health protocols--including...
The local stock market rose for the third day with investor sentiment boosted by positive corporate earnings reports. The main index gained 25.15 points or 0.38 percent to close at 6,585.21 as the Services sector led the advance while the Property counter was the only one in the red. Volume was...
The Securities and Exchange Commission (SEC) has approved the planned initial public offerings (IPO) of real estate investment trusts (REIT) sponsored by Robinsons Land Corporation (RLC) and Megaworld Corporation with a combined value of P54 billion. The Commission En Banc resolved to render...
Megaworld Corporation, the country’s largest developer of integrated urban townships, reported a 7 percent decline in attributable net income to P5.0 billion in the first half of the year compared to the same period of 2020. In a disclosure to the Philippine Stock Exchange, consolidated revenues...
Metro Pacific Investments Corporation (MPIC) reported a 13 percent improvement in consolidated core net income to P6.0 billion for the first half of 2021 from P5.3 billion in the same period last year. In a press briefing, MPIC President Jose Ma. K. Lim said “This is a substantial improvement...
SM Investments Corporation (SMIC) reported a 183 percent jump in consolidated net income to P20.1 billion in the first half of 2021 from the P7.1 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said consolidated revenues rose 4 percent to...
Chinese coach Kaiwen Gao helps Hidilyn Diaz during training in Malaysia prior to the Tokyo Olympics. (From Hidilyn Diaz Instagram) It’s time to move on for Chinese mentor Gao Kaiwen and Filipino weightlifter Hidilyn Diaz. After all, it’s mission accomplished for the two in the Tokyo Olympics....
An adverse audit observation made by the Commission on Audit in Philippine Army’s handling of billions of pesos in government funds drew calls from the House of Representatives to make responsible military officials be held accountable. Soldiers Deputy Minority Leader and Bayan Muna Rep. Carlos...
The local stock market rose as investors followed through on the previous day’s late bargain hunting. The main index jumped 113.75 points or 1.76 percent to close at 6,560.06 with miners and banks leading the charge. Volume improved but was still low at 799.68 million shares worth P4.89 billion...
China Banking Corporation has been named by the Bangko Sentral ng Pilipinas (BSP) as an outstanding stakeholder. This is in recognition of the Bank’s strong support for the BSP’s programs and initiatives to build an inclusive and increasingly digital Philippine economy. China Bank Chairman Hans...
San Miguel Corporation (SMC) assures the public that the conglomerate is adequately prepared to supply much-needed food, fuel and power throughout the two-week lockdown aimed at containing surging COVID-19 cases.
SMC President Ramon S. Ang said in a statement that the company is also prepared to...
Nesthy Petecio, the country’s first silver medalist in women’s Olympics boxing, will receive a P10 million residential condominium unit in One Lakeshore Drive inside the 11.2-hectare Davao Park District in Lanang, Davao City from tycoon Dr. Andrew L. Tan. Silver medallist Philippines' Nesthy...
