Jollibee Foods Corp. (JFC), the Philippines most successful fast food chain with presence in major global markets, expects to achieve 500 Jollibee stores in the US market alone over the next five to seven years. JFC President & CEO Ernesto Tanmantiong revealed this goal at the virtual...
The National Irrigation Administration (NIA) is opposing a bulk water supply project in Quezon Province that was awarded to the consortium led by businessman Dennis Uy’s Udenna Water Integrated, Inc. through a public-private partnership (PPP) scheme. In a position paper submitted to Tiaong...
Vivant Corporation’s wholly-owned subsidiary Vivant Hydrocore Holdings Inc. (VHHI) has bagged a 25-year Bulk Water Supply Agreement awarded by the Metropolitan Cebu Water District (MCWD). In a disclosure to the Philippine Stock Exchange, Vivant said MCWD concluded a successful bid for the Cordova...
The local stock market started the week lower after US bourses drop on concern that interest rates will soon go up. The main index dropped 24.21 points or 0.35 percent to close at 6,827.17 with Holding Firms leading the retreat while only the Property sector managed buck the trend. Volume fell to...
The Department of Energy (DOE) has asked oil companies to provide 10 to 20 percent fuel price discount to shipping vessels, primarily those sailing to the West Philippine Sea, for fishing purposes. Department of Energy (DoE) (MANILA BULLETIN) In addition, the department is seeking the support of...
The local equities market weakened further as investors continue to pocket gains from a stalled rally. The PSEi dropped 36.54 points or 0.53 percent to close at 6,851.38 with only the Industrial and Services sectors advancing while the Property index led the retreat. Volume was lower at 2.25...
Megaworld Corporation, the country’s top township developer, is investing the proceeds from its P27 billion real estate investment trust offering to complete 21 new office and commercial projects across 11 townships in the country over the next five years. Ongoing developments inside the...
The subsidiary of Global Ferronickel Holdings, Inc. (FNI), the third-largest nickel ore producer in the Philippines , has scored a win against Mayor Jean Feliciano of Brooke’s Point, Palawan after years of legal battle. In a decision, the Office of the Ombudsman has found Feliciano guilty of...
The local stock market fell after investors lacked conviction to take it above the 7,000 level. The main index lost 85.43 points or 1.23 percent to close at 6,887.92 as share prices fell across the board led by the 2.56 percent drop of the Property counter. Volume jumped to 3.29 billion shares...
The Capital Markets Integrity Corporation (CMIC), the independent audit, surveillance, compliance and enforcement unit of The Philippine Stock Exchange, Inc., denied allegations that it had been remiss in its previous audits of Venture Securities Inc. In a statement released to media, Venture cited...
The Securities and Exchange Commission (SEC) has upheld the findings of the Philippine Stock Exchange’s independent audit, surveillance and compliance arm against Venture Securities, Inc. (VSI) for violation of multiple trading rules. The PSE’s Capital Markets Integrity Corporation said these...
Stock broker Eusebio H. Tanco has formally declined his nomination as director of the Philippine Stock Exchange (PSE) for the Board elections on July 1 after his brokerage Venture Securities Inc. has been penalized by regulators in relation to illegal transfers of shares worth P700 million. In a...
