The Department of Natural Resources announced on Saturday, June 12, that it has joined forces with conglomerate San Miguel Corporation (SMC) to conduct a major clean-up drive in Pasig River -- a timely venture that seeks to rehabilitate one of the largest river systems connected to Manila Bay. The...
Robinsons Land Corporation (RLC) recently expanded its solar energy portfolio to 23 sites located in Robinsons Malls nationwide. With this expansion, total capacity has increased to 29.5 MWin its current locations. Robinsons Malls has been able to generate 92,084,091kW-hof...
Philippine shares ended the week higher and breached the 6,900 resistance level as investors become cautiously optimistic. The main index rose 32.08 points or 0.47 percent to close at 6,907.79 as the Financials sector led the advance while only the Mining and Oil counter retreated. Volume improved...
The P5 billion microfinancing allotted to the micro small and medium enterprises (MSMEs) sector is nearing full utilization and needing replenishment. Small Business Corporation (SBCorp), which administers the fund, reported it has already processed and approved P4.5 billion loans for 30,408...
Despite repeated shutdowns of its hotel and gaming businesses due to the pandemic, Solaire Resort and Casino continues its social projects through its corporate social responsibility arm Bloomberry Cultural Foundation, Inc. (BCFI). Groundbreaking for Aeta family centers (from left): Achiebon A....
The local stock market ended slightly lower as the PSEi has hit its resistance level. The main index shed 3.74 points or 0.05 percent to close at 6,898.80 although only the Financials and Property counters retreated while the Services sector led advancers. Volume fell to 3.06 billion shares worth...
The Department of Energy (DOE) on Thursday assured it is investigating if there is indeed possible collusion among power distribution firms to ascertain if this is the cause of the recent rotational brownouts that occurred in Luzon. DOE chief Alfonso Cusi told the Senate Energy Committee the agency...
The P9. 36 billion Clark International Airport (CIA) Passenger Terminal Building (PTB) is set to be inaugurated next month. Transportation Secretary Arthur Tugade and LIPAD CEO Bi Yong Chungunco Transportation Secretary Arthur Tugade, who inspected the new terminal on June 8, cited its manager and...
The Philippine stock market rose as investors returned to the market with the start of vaccination for essential workers whle recent economic data was not as bad as expected. The main index jumped 92.82 points or 1.36 percent to close at 6,902.54 as share prices rose across the board led by the...
Diversified conglomerate San Miguel Corporation (SMC) has committed to double to P2 billion the budget for its ambitious, five-year project to clean up and rehabilitate the Pasig River. The project is in partnership with the Department of Environment and Natural Resources (DENR), other national...
San Miguel Corporation is confident of sustaining its recovery this year after its pandemic strategy led to the reversal of losses in the first half of 2020 to respectable gains in the second semester. During the firm’s annual stockholders’ meeting, SMC Chief Finance Officer Ferdinand K....
Local shares prices rose despite the higher jobless rate as investors opted to pick up bargains. The PSEi increased 45.80 points or 0.68 percent to close at 6,809.72 as the Property sector leading the advance while only the Mining and Oil counter weighing down the market. Volume improved slightly...
