SB Finance’s two major shareholders, Security Bank Corporation and Thailand’s Bank of Ayudhya (commonly named as Krungsri), have obtained their respective internal approvals to infuse P3 billion in additional capital to the company. In a disclosure to the Philippine Stock Exchange,...
San Miguel Corporation (SMC) is spending close to P1 billion for a program to vaccinate all its 70,000 employees and extended workforce for free and help the country in its effort to build a collective defense against COVID-19. In a statement, Tuesday, (Feb. 23), the firm said it has secured...
The local equities market managed to end in the green on Tuesday, (Feb. 23) after trading in negative territory most of the day as investors started picking up cheaper stocks. The Philippine Stock Exchange index (PSEi) inched up 4.33 points, or 0.06 percent, to close at 6,814.67 with...
Century Properties Group Inc. announced that Jose Roberto “Robbie” R. Antonio has resigned as Co-Managing Director and Member of the Board, effective immediately. In his letter to the CPG Board on February 20, 2021, Antonio said his departure will allow him to focus on resolving the issues in...
The Securities and Exchange Commission (SEC) announced its fifth legal victory in an ongoing crackdown on predatory lending, after a regional trial court convicted the incorporators and directors of Naurasidhu55 Lending and Trading Corporation. In a statement, the SEC...
It will be another week that will be heavy on consumers’ pockets as the prices of gasoline products will go up by P1.20 per liter; and diesel by P0.95 per liter, based on the pricing adjustment notices sent by the oil companies. Kerosene, which is the other significant fuel commodity for both...
Trading at the stock market this week is seen to be volatile due to a confluence of factors including earnings reports from some blue chip companies. Photo credit: https://www.pse.com.ph “A shortened trading week (EDSA Revolution Anniversary on February 25) interspersed with earnings...
All Day Supermarket, a part of the Villar group’s AllValue retail ecosystem, is opening its first supermarket in Cebu on February 28, 2021 as part of the aggressive expansion of its store network across the country. The firm said its first branch that will open this year is located in Starmall...
By procuring clean energy supply from the ‘Cleanergy’ portfolio of Aboitiz Power Corporation, leading green office developer NEO clinched its ‘net zero carbon’ goal; and its buildings bagged 5-star certifications under the “Advancing Net Zero Philippines (ANZ/PH) program”, an entity...
Castrol Philippines has partnered with North Trend Marketing Corporation (NTM) for the distribution of the world’s leading industrial lubes products as it seeks to further expand presence in the country. According to Castrol Philippines General Manager Ria Tañada, their partner New Trend...
Local share prices bounced Friday (Feb. 19) from recent losses as investors started to pick up bargains ahead of the weekend. The main index rose 76.77 points or 1.12 percent to close at 6,926.41 as the Holding Firms and Mining and Oil counters led gains across the board. A total of...
Shown (from left) are: MPTC spokesperson Romulo Quimbo Jr., DOTr Secretary Arthur Tugade, SBMA Chairman and Administrator Wilma Eisma, DPWH Secretary Mark Villar, Executive Secretary Salvador Medialdea, Presidential Spokesperson Harry Roque, Bataan 2nd District Rep Joet Garcia, MPIC President Jose...
