Philippine stocks fell as investors pocketed recent gains ahead of the weekend. The main index lost 116.64 points or 1.8 percent to close at 6,379.87 with only the Mining and Oil counter advancing. Volume rose to 6.77 billion shares worth P8.62 billion as losers outpaced gainers 110 to 92...
China Banking Corporation posted a 61 percent jump in net income to P3.6 billion in the first quarter of 2021 for an improved return on equity of 13.4 percent and return on assets of 1.4 percent. “We are gratified by these very positive results and by the continued support of our customers and...
The local stock market managed to post some gains despite the extension of quarantine measures in the capital region. PSE file photo The main index inched up by 18.37 points or 0.28 percent to close at 6,487.51 with only the Holding Firms counter giving way to profit-taking. However,...
Philippine National Bank, one of the country’s major banks, is ranked as the best company for professionals to growth their careers, according to the Linkedin’s 2021 Philippines Top Companies List. LinkedIn, the online professional network, published its list of the 2021 LinkedIn Top...
Diversified conglomerate San Miguel Corporation (SMC) has deployed its own doctors and nurses, on “loan” to local government units (LGUs), to help implement government’s vaccination program. SMC President Ramon S. Ang The firm is lending its vaccination teams to LGUs as it is still waiting...
Local share prices rose Wednesday, (April 28) on bargain hunting and window-dressing. The (Philippine Stock Exchange index (PSEi) jumped 112.67 points, or 1.77 percent, to close at 6,469.14 as the Holding Firms and Property counters led gains across the board. (Photo credit:...
SM Investments Corporation, a giant conglomerate whose businesses cater mostly to consumers, is focusing on the country’s recover from the pandemic by supporting moves to get people vaccinated against COVID-19. During the firm’s annual stockholders’ meeting, SMIC President and CEO...
Cirtek Holdings Philippines Corporation (TECH) reported that its P1 billion commercial paper (CP) offering was more than four times oversubscribed at a time of monetary easing and consecutive rate cuts by central banks both locally and international. In a disclosure to the Philippine Stock...
San Miguel Corporation (SMC) and Aboitiz Equity Ventures (AEV) are raising a combined P40 billion from the issuance of fixed-rate bonds shelf-registered with the Securities and Exchange Commission. In a disclosure to the Philippine Stock Exchange, SMC said it has filed with the SEC a...
Local stocks weakened Tuesday, (April 27) amid indication that current lockdown measures will not be eased at the end of the month as COVID cases remain high. The Philippine Stock Exchange index (PSEi) dropped 32.92 points or 0.52 percent to close at 6,356.47 with only the Mining and Oil counter...
Lucio Tan-led Philippine National Bank said its stockholders can expect to gain from its disposal of low-earning assets through their stake in PNB Holdings Corporation which will be listed at the Philippine Stock Exchange after being distributed as property dividends. At bank’s Annual...
Another notice-to-proceed (NTP) permit was granted by the Department of Energy (DOE) for the installation of an offshore liquefied natural gas (LNG) import facility for a total of six ventures approved so far. Approved is Vires Energy Corporation, which was acquired last year of Filipino listed...
