The local stock market lost a little more ground as investors continue to wait for more market moving news. The PSEi shed 10.13 points or 0.16 percent to close at 6,359.15 with only the Financials counter managing to close in the green. Volume remained anemic at 3.19 billion shares worth P4.63...
The coronavirus disease (COVID-19) vaccination of private employees will start in June as about 17 million AstraZeneca doses will start to arrive next month, Presidential Adviser for Entrepreneurship Secretary Joey Concepcion said on Tuesday, May 4. Presidential Adviser for Entrepreneurship...
The Clark International Airport Corp. (CIAC) lauded DITO Telecommunity Corp.'s P20.5 billion infrastructure investment in Clark as "a welcome respite to interrupted businesses because of the pandemic". DITO's Google campus-inspired data center which recently broke ground at the Clark Global City...
Consunji-led Semirara Mining and Power Corporation (SMPC) is pressing its ‘cost claims’ against its equipment supplier – American firm GE, on the extended shutdown of unit 2 of its 600-megawatt Sem-Calaca coal-fired power facility in Batangas. SMPC President Maria Cristina C. Gotianun said...
Upscale developer Rockwell Land Corporation is making its first foray in Central Luzon through a joint venture with the Juan D. Nepomuceno Realty Group. In a statement, Rockwell said the partnership is set to create the first Rockwell Center in Pampanga, at the heart of Nepo Center in Angeles...
NLEX Corporation goes full blast on its major infrastructure projects, from the 8-kilometer NLEX Connector to the upgrade of the 5-kilometer Candaba Viaduct, despite community quarantine restrictions. “We are following our timelines and have contingencies in place to be able to accomplish our...
The local stock market ended flat after investors immediately pocketed early gains. The main index was 1.59 percent or 0.03 percent lower at 6,369.28 with sectoral indices evenly mixed. Volume was low at 3.03 billion shares worth P4.39 billion as losers beat gainers 111 to 83 with 56...
Filipino motorists will need to cough up additional amounts in their fuel budgets as the price of diesel and kerosene products will increase by P0.35 per liter this week, based on the pricing advisories of the oil companies. The price of gasoline, which is the other commodity in the weekly price...
The stock market is seen to continue to be weighed down by the country’s COVID situation while investors will also be taking cues from the April inflation figure and corporate earnings announcements. “Next week, we still see a downward bias for the local market as we expect clouded economic...
Universal Robina Corporation (URC), the food and beverage unit of the Gokongwei Group, reported a 51 percent jump in unaudited net income to P3.2 billion in the first quarter of 2021. In a disclosure to the Philippine Stock Exchange, the firm said “This performance was driven by growth in...
AllHome Corporation, owner of a chain for one-stop shop for home needs, announced the opening of AllHome Bacolod, its third branch in the Visayas region and the 53 rd store nationwide. AllHome Bacolod is located at GM Cordova Ave-Buri Road, Honorato Manalo St., Brgy. Mandalagan, Bacolod...
Gotianun family-led Filinvest Development Corporation (FDC) is allotting P21.2 billion for capital expenditures this year as it aims to continue expanding organically and through partnerships despite uncertainties faced by the economy. During the firm’s annual stockholders’ meeting,...
