AllHome Corporation, owner of the country’s pioneering one-stop home center, has expanded its online payment options to beef up sales by making shopping even more convenient for its customers. In a statement, the firm said customers can now use any of its easy payment options such as cash, debit...
Yuchengco-led Rizal Commercial Banking Corporation (RCBC) reported that its 2.5-year and 5.25-year Fixed-Rate ASEAN Sustainability Peso Bond offering was 5.9 times oversubscribed--allowing them to raise P17.87 billion from the P3 billion target. In a disclosure to the Philippine Stock Exchange,...
Pryce Corporation reported a 4.8 percent improvement in its unaudited consolidated net income to P1.59 billion last year from the P1.52 billion earned in 2019 due to the growth in its revenues. In a disclosure to the Philippine Stock Exchange, the firm said consolidated revenues rose...
Residents of Sumalo, Bataan are again facing eviction after their municipal government sought to put a 200-hectare privately-owned property there under the Comprehensive Agrarian Reform Program (CARP). This is despite a Supreme Court (SC) ruling that says the property, owned by Riverforest...
Ranking first in the Philippines and among the strongest in the Asia Pacific region, premier financial magazine The Asian Banker recently awarded Security Bank in a virtual ceremony last February 25 as the Philippines’ ‘Strongest Bank in 2020’ in its recently published Top 500 Strongest Banks...
The local stock market plunged almost 200 points after government tightened lockdown measures while US bourses also weakened. The PSEI fell 194.75 points or 2.94 percent to close at 6,436.10 as share fell across the board. Volume rose to 3.53 billion shares worth P10.41 billion as losers beat...
SM Investments Corporation (SMIC) is acquiring the 31.73 percentstake of Chelsea Logistics and Infrastructure Holdings Corporation in 2GO Group Inc., for about P6.64 billion, to gain control of the shipping and logistics firm. In a disclosure to the Philippine Stock Exchange, SMIC said...
DITO Telecommunity, the country’s third player, could boost the information technology-business process management (IT-BPM) services sector of Cebu. This was the pronouncement of the Department of Information and Communications Technology Visayas Cluster 2 (DICT VC2) last night (March 18). "The...
The local stock market moved further sideways as bulls and bears wait in the sidelines with their ears peeled for fresh cues. Photo credit: PSE Information Desk The main index eked out a gain of 7.75 points or 0.12 percent to close at 6,566.83 even thought the Property counter continued to...
Security Bank Corporation was recently awarded by the Institute of Corporate Directors with two golden arrows for its ranking in the 2019 ASEAN Corporate Governance Scorecard. The ASEAN Corporate Governance Scorecard is an assessment based on publicly available information and benchmarked against...
The local stock market suffered a steeper fall as reality sets in on how bad the COVID-19 situation is being handled, raising fears of a reverting to more restrictions in the year-long lockdown. Photo credit: https://www.pse.com.ph The PSEi plunged 176.09 points or 2.62 percent to close at 6,552.46...
Consunji-led Semirara Mining and Power Corporation (SMPC) will funnel P4.0 billion capital expenditures (capex) for its businesses this year, primarily for the purchase of mining and support equipment for its coal mining venture. In a statement to the media, the company emphasized that P2.9 billion...
