The local stock market ended the week on a high note despite the inflation rate rising faster than expected. The main index jumped 115.43 points or 1.67 percent to close at 7,019.18 as share prices rose across the board led by the Property sector. Photo credit: PSE Information Desk However, volume...
The Ayala group of companies bagged top accolades at the 2019 ASEAN Corporate Governance Scorecard Awards held by the Securities and Exchange Commission and the Institute of Corporate Directors. Ayala Corporation, Bank of the Philippine Islands, Ayala Land, Inc., and Globe Telecom were hailed ASEAN...
The Philippine Stock Exchange Index (PSEi) moved up as investors started buying again on improving sentiment. PSE file photo The main index gained 44.29 points or 0.65 percent to close at 6,903.75 with only the Industrial and Services counters declining. Volume was a little higher at 36.2 billion...
AllHome Corporation, owner of the country’s pioneering one-stop full line home center, is opening AllHome General Santos, its fourth branch in Mindanao, to kick off its expansion program this year. In a disclosure to the Phiippine Stock Exchange, the firm said it already has three branches in...
ABS-CBN Corporation has appointed of Aldrin M. Cerrado as the new Chief Operating Officer (COO) of ABS-CBN Global Ltd., which oversees all of ABS-CBN's international subsidiaries and manages its global flagship brand, The Filipino Channel (TFC). In a statement, ABS-CBN said Cerrado succeeds Olivia...
China Banking Corporation (China Bank) was again one of the top winners in the Philippines at the ASEAN Corporate Governance Scorecard (ACGS) Awards of the ASEAN Capital Markets Forum (ACMF) for the 2019 assessment year. The ACGS Awards is organized by the Securities and Exchange Commission...
A pending legislative measure is seeking to refocus the investment mandate of state-run Philippine National Oil Company (PNOC) into exploration and production (E&P) ventures in the oil and gas sector, and for it to transform itself as a global champion in that industry similar to the...
Australian-Canadian miner OceanaGold Corporation (OceanaGold) and the Philippine government are now finalizing the terms of their updated Financial and Technical Assistance Agreement (FTAA) for the resumption of the operations of the Didipio gold and copper mine in Nueva Vizcaya. In a regulatory...
The local stock market made a strong bounce to recover most of Friday’s losses as investors moved in to buy cheaper shares amid positive news on vaccines and the economy. The main index surged 202.14 points or 3.06 percent to close at 6,814.76 as the Property sector led gains across the board....
As part of its sustainable development initiative, Metro Pacific launched a mangrove propagation project on the site of its P30-billion Cebu-Cordova Link Expressway (CCLEX). Mangroves are the only natural forests found in Cordova and the center was the first of its kind in the Visayas and the third...
Consumers will need to shell out extra for their gasoline product purchases this week as the price of this commodity will be higher by P0.25 per liter this week, based on the pricing adjustment notices sent by the oil companies. Meanwhile, the price of kerosene will be on rollback by P0.25 per...
The Villar Group of Companies, through AllHome Corporation, has joined government and other private companies in signing a deal to procure Covid-19 vaccines from Astra Zeneca for its employees and their families as well as for donation to the government. AllHome was represented by its Vice Chairman...
