Bloomberry Resorts Corporation, owner of Solaire Resort & Casino and Jeju Sun Hotel & Casino, reported a lower consolidated net loss P1.9 billion in the first six months of 2021 from a loss of P3.3 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the...
Photo from AFP A financial windfall awaits Nesthy Petecio even if she fell short in her bid to win the country’s first-ever gold in boxing. At this point, Petecio stands to receive a combined cash incentive of P20 million from the government and those from the private sector plus a condominium...
The local stock market bounced back as investors turned into bargain hunters late in the session. The main index jumped up 176.08 points or 2.81 percent to close at 6,446.31 as the Holding Firms and Property counters led the advance while the Mining and Oil sectors was the only one that retreated....
San Miguel Corporation is aiming to give over 35,000 employees and extended workforce their first dose of COVID-19 vaccines in the next five weeks following the delivery of the first tranche of Astra Zeneca vaccines it procured. SMC president Ramon S. Ang said that the company had already delivered...
Jollibee Foods Corporation reported that it now has over 50 Jollibee restaurants in the United States with the recent opening of two branches in California. California welcomed two new Jollibee stores in Bakersfield and Torrance, with the latter getting a very special customer in its drive-thru –...
Broadcasting firm Philippine Collective Media Corporation (PCMC) has formalized its plans for a back door listing at the Philippine Stock Exchange through Prime Media Holdings Inc. (PMHI). In a disclosure to the Philippine Stock Exchange, Prime Media said it has signed a Memorandum of Agreement...
Metro Pacific Health Tech Corporation Chairman Manny V. Pangilinan Celebrities endorsed mWell, an all-in-one app meticulously created for the Filipino’s holistic well-being, providing professional consultations, wellness programs, products and delivery services. Introduced by Metro Pacific Health...
A memorial stamp of the late President Benigno S. Aquino 111 will be launched by the Philippine Postal Corporation on August 2, the 40th day from his passing. The Philippine Postal Corporation is expected to launch a commemorative stamp in honor of the late President Benigno Aquino III and his...
Universal Robina Corporation is selling its controlling stake in Australian joint venture firm Unisnack ANZ to minority partner Intersnack Group, one of the leading manufacturers of savoury snacks in Europe. Unisnack ANZ is a leading snacks and biscuits company based in Australia and New Zealand....
The local stock market plunged after the government announced a hard lockdown just a few days after saying it is not necessary. The main index fell 226.30 points or 3.48 percent to close at 6,273.23 with the Property and Holding Firms counters suffering the biggest losses. Volume improved to 1.81...
Philippine Rating Services Corporation (PhilRatings) has maintained its high rating of PRS Aa minus with a Stable Outlook for Tranche 3 of MRT III Funding Corporation’s Asset-Backed Notes. The Asset-Backed Notes issue is a securitization of future dividends from Metro Rail Transit Corporation...
Universal Robina Corporation (URC) reported a 45.7 percent hike in attributable net income to P8.05 billion for the first half of 2021 from P5.53 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said earnings growth was mainly driven by lower finance...
