Aboitiz Equity Ventures Inc. has firmed up its plan to raise up to P10 billion through the issuance of bonds which have been given the highest triple-A rating by Philippine Rating Services Corporation (PhilRatings). PhilRatings said it has assigned an Issue Credit Rating of PRS Aaa, with a Stable...
After the unexpected surge in stock prices last week, investors will now be looking forward to the government’s decision on whether to further relax quarantine measures in the National Capital Region and surrounding provinces. “While maintaining MECQ (modified enhanced community quarantine) is...
Pryce Corporation (PPC) reported a 6 percent improvement in net income to P423.22 million in the first quarter of 2021 from the P398.98 million earned in the same period last year. In its disclosure to the Philippine Stock Exchange, the firm said it registered a 9 percent growth in consolidated...
Not many will contradict me if I say that the works of fantasy writer Neil Gaiman and sci-fi legend Isaac Asimov are especially noteworthy for their world-building, for conjuring up a specific universe that we are happy to be transported to time and time again. Perhaps it’s no coincidence that...
Jesusito Legaspi Jr., or JR, President of JBros Construction Corp., is not your typical real estate executive. It’s not even his age that separates him from the others but his infectious optimism. I met Legaspi during a precarious time -- the pandemic, where shaking of hands or face-to-face...
It is hard to encapsulate in words the magnitude, breadth, and ambition of a project such as Horizon Manila. Adjectives such as massive, colossal, or even grand do not do justice as this development is not only transforming a landscape, but changing the way we live and believe in the Filipino...
The local stock market held its ground as investors remain optimistic and did not pocket substantial gains made in the past two days. The main index inched up 9.37 points or 0.14 percent to close at 6.674.51 as the Services and Property counters led gainers while the Holding Firms sector was the...
Metro Pacific Investments Corporation (MPIC) is interested in partnering with to other vaccine manufacturers globally to locally produce a COVID-19 vaccine as well as for other diseases since the Philippines has yet to produce a single vaccine of its own. “You know, if you're at it anyway, you...
In view of the Covid-19 global pandemic and to ensure the safety and welfare of our shareholders and participants, the meeting will be held virtually on Thursday, 24 June 2021, at 2:00 P.M. The livestream may be accessed through the Company’s website at: ...
Robinsons Land Corporation (RLC), the property development arm of the Gokongwei group, is planning a P26.67 billion initial public offering for its real estate investment trust (REIT) RL Commercial REIT Inc. RLC REIT has just filed with the Securities and Exchange Commission a registration...
Fruitas Holdings, Inc. is ramping up its foray into the bakery business by acquiring certain assets of Balai Pandesal Corporation and converting its branches into multi-product stores. In a disclosure to the Philippine Stock Exchange, Fruitas said Balai Pandesal sells a wide range of bread products...
The local stock market followed the previous day’s jump with a stronger rally just before the MSCI rebalancing and over optimism fueled by the fiscal stimulus bill. The PSEi surged 323.90 points or 5.11 percent to close at 6,665.14 as all sectors advanced. Volume of trades also spiked, rising to...
