The local stock market fell again ahead of the release of GDP figures on Thursday while investors grow increasingly worried over the new strain of the coronavirus. The PSEi lost 113.55 points or 1.63 percent to close at 6,863.61 with only the Mining and Oil counter advancing. Volume was lower with...
The local government of Cavite has cancelled its award of the $10 Billion Sangley International Airport (SIA) project to the consortium of tycoon Lucio Tan's MacroAsia Corp. and China Communications Construction Co. (CCCC), which the US blacklisted for militarizing islands in the West Philippine...
San Miguel Corporation (SMC) is continuing its pandemic response efforts with its food assistance program for families in the poorest districts of Tondo having reached 55,000 kilos of staple goods. The program, which distributes goods weekly to families since the health crisis struck in March last...
RFM Corporation reported that preliminary data showed that its net income grew to P1.28 billion last year from P1.22 billion in 2019 as revenues increased to P15.7 billion from P15 billion as sales grew because of the pandemic. In a disclosure to the Philippine Stock Exchange, the firm...
Filipino consumers will gain slight relief in their pockets this week as the price of gasoline will be rolled back by P0.15 per liter at the pumps; while diesel will have price reduction of P0.10 per liter. The price downtrend for kerosene product in this round of adjustment is also at P0.10 per...
Premiere Horizon Alliance Corporation (PHA) is venturing into technology-driven agribusiness following the entry of its new partners, the principals of SquidPay Technology Inc. In a disclosure to the Philippine Stock Exchange, PHA said it will be pursuing opportunities...
The local stock market is seen to trade with a downward bias this week even as investors await the release later in the week of the gross domestic product figure for the fourth quarter of 2020. “The local market’s bias is still seen to be tilted to the downside amid waning optimism and...
The Philippine stock market fell as foreign funds continue to flow out. The main index dropped 94.46 points or 1.32 percent to close at 7,045.83 with only the Industrial and Mining & Oil counters advancing. Volume dipped to 135 billion shares worth P11.39 billion with loaers edging out gainers...
Two top ratings ABS-CBN shows will air on TV5 starting this Sunday under a deal with the MVP media group. In a statement, ABS-CBN Corporation said “ASAP Natin 'To,” the Philippines' longest running musical variety show, and “FPJ: Da King,” will now be seen on TV5 beginning January 24,...
The local stock market managed to recover from early losses to end almost flat as foreign funds moved out. The main index shed 3.01 points or 0.04 percent to close at 7,140.29 with only the Property and Financials counters in the green. PSE file photo Volume was slightly lower at 102.66...
Lopez Holdings Corporation has withdrawn its petition for voluntary delisting, which was filed with the Philippine Stock Exchange (PSE) on December 14, 2020 after sister company First Philippine Holdings Corporation reduced its tender offer size. In a disclosure to the PSE, FPHC amended...
Pampanga-based food and meat processor Mekeni Food Corporation has remained optimistic about its operations for 2021 despite the persistence of the COVID-19 pandemic, the company’s top official said. (MANILA BULLETIN) In a statement, Mekeni President Prudencio Garcia said that “despite...
