Two years after its Financial or Technical Assistance Agreement (FTAA) with the Philippine government expired, Australian-Canadian miner OceanaGold Corporation (OceanaGold) is now allowed to resume the operations of its gold-copper mining project in the country until 2044. This is on condition...
The local stock market recovered some of the previous day’s losses after some major investors picked up bargains. PH STOCKS The main index rose 40.28 points or 0.59 percent to close at 6,835.41 as Holding Firms led the bounce while the Property and Services counters continued to retreat. Volume...
The local stock market fell after the outlook for the country’s credit rating was downgraded by Fitch Ratings. The PSEi lost 118.74 points or 1.72 percent to close at 6,795.13 as the Property and Holding Firms sectors led the retreat across the board. Volume was higher but still thin at 1.89...
Security Bank Corporation has been named by Alpha Southeast Asia, one of the leading financial capital markets magazines in the region, as the Best Retail Bank in the Philippines for 2021. Cited as the most comprehensive awards program in banking and finance focused on Southeast Asia, the Financial...
The Philippine Stock Exchange, Inc. (PSE) has approved Filinvest REIT Corporation’s planned initial public offering (IPO) of up to P14.88 billion worth of shares. 18885 Set to be the third REIT company to be listed in the Exchange, Filinvest REIT is offering 1.63 billion secondary shares and up...
The local stock market bounced off last week’s losses on bargain-hunting spurred by upbeat US bourses. PH STOCKS The main index rose 78.95 points or 1.15 percent to close at 6,913.87 as the Services and Mining and Oil counters led the advance across the board. Volume remained tepid though with...
Megaworld Corporation reported that it has vaccinated 95 percent, or 2,300 out of 2,430, of its office-based employees who are mostly in Metro Manila one week after the rollout of its free vaccination program. The firm said in a statement that these employees are currently assigned in the various...
Quintel USA, Inc., the Telecom Base Station Antenna unit under of Cirtek Holdings Philippines Corporation has extended its Master Supply Agreement with two major leading carriers in North America. 18642 In a disclosure to the Philippine Stock Exchange, Cirtek said “This extension allows Quintel...
Twenty-three units of modern public utility jeepneys (PUJs) were launched on over the weekend by the Department of Transportation (DOTr) in Ilocos Norte to ply the Laoag City–Bacarra–Pasuquin route. (Photo from DOTr Secretary Art Tugade's Facebook) Transportation Secretary Arthur P....
The 11,000 ABS-CBN employees who lost their jobs amid the economic despair brought about by the 2019 coronavirus disease (COVID-19) pandemic has remained a grave concern among lawmakers who tried, albeit in vain, to stop the closure of the network last year. ABS-CBN FRANCHISE As the country’s...
Two House of Representatives leaders who supported ABS-CBN’s bid for the grant of a fresh legislative franchise remained optimistic that the legislative body will 'correct' what it has done last year and grant the network its request in the 19th Congress. ABS-CBN FRANCHISE On the first...
The local stock market ended the week in a low note, giving way to corrective pressures on concern over the threat posed by the COVID -19 Delta variant to the global economy. PH STOCKS The main index fell 90.07 points or 1.30 percent to close at 6,834.92 after trading much lower intraday. Holding...
