Local share prices eased as some investors took profit while most stayed on the sidelines at the start of the week. The PSEi dropped 32.42 points or 0.48 percent to close at 6,763.92 with only the Mining and Oil and Industrial counters staying in the green. Volume fell to 1.86 billion shares worth...
Investors in the local stock market will be closely watching the COVID numbers after the easing of quarantine measures in the nation’s capital while also waiting for the release of employment this week. “Next week, the local market may decline if our country’s COVID-19 situation further...
ERC hints ‘pricing play’ The country’s giant power firms have been tagged as the culprits in last week’s rotational brownouts with “forced outages’ of their power plants going beyond the time allowance prescribed by the Energy Regulatory Commission (ERC). In a Congressional hearing on...
AllHome Corporation, the pioneering one-stop shop home store in the Philippines, is planning to raise P2 billion through a notes facility. In a disclosure to the Philippine Stock Exchange, the firm said its Board of Directors has approved and authorized the company to obtain a credit facility from,...
The local stock market barely moved Friday, (June 4) after the government’s announcement of the inflation rate for the month of May. The main index inched up 4.47 points or 0.07 percent to close at 6,796.34 as sectoral indices were evenly mixed with Banks leading advancers and Mining stock...
The local stock market declined as investors stepped on the brakes to pocket some gains from the surge in past days. The main index dropped 49.82 points or 0.73 percent to close at 6,791.87 as the Property sector led the retreat although the Mining and Oil counter posted strong gains while the...
Marcventures Mining and Development Corporation (MMDC), a subsidiary of listed nickel miner Marcventures Holdings Inc. (MHI), is targeting to ship 2.035 million wet metric tons (WMT) of nickel ore this year, higher than the 1.732 million WMT it shipped in 2020. In a statement, MMDC said that for...
Diversified conglomerate San Miguel Corporation (SMC) reported that it has waived toll fees for medical workers amounting to P230.7 million as of June 2, as part of its support for front liners against the COVID-19 pandemic. The free toll program, which regularly benefits more than 10,000 medical...
SM Investments Corporation (SMIC) has taken control over 2Go Group Inc. with the completion of the divestment of Dennis A. Uy from the company in favor the Sy family’s investment arm and Singapore private equity fund Archipelago Capital Partners Pte. Ltd. In a disclosure to the Philippine Stock...
Jollibee Foods Corporation’s Smashburger—a US-based fast casual better burger restaurant—has opened a new branch in Brooklyn, New York as part of its expansion plans in North America. Smashburger's new restaurant in Brooklyn, New York In a statement, Jollibee said the opening of the new...
’TOL VIEWS Senator Francis N. Tolentino The National Grid Corporation of the Philippines (NGCP) has placed the entire Luzon grid under red alert due to insufficient power supply. As rotational brownouts loom due to low power reserves brought by high electricity demand, this latest electricity...
