The local stock market ended the last day of a volatile week almost flat despite the expected rate cut by the Bangko Sentral ng Pilipinas as investors held on to cash in case Trump pulls more surprises this week. The main index eked out a 4.62 points or 0.08 percent gain as Miners and Banks carried...
Ninoy Aquino International Airport (NAIA) is stepping up its preparations to ensure efficient operations this Holy Week, with more than one million passengers expected to flock to the country’s main gateway. NAIA is expected to welcome over 1.18 million passengers within the period beginning Palm...
Axelum Resources Corp., the country’s leading fully integrated manufacturer and exporter of premium coconut-based food products, reported a financial turnaround with a net income of ₱688 million last year, from a loss of ₱818 million in 2023. “Our turnaround strategies delivered positive...
As sustainability becomes a priority, building greener cities has emerged as a key focus for developers. Strategies such as energy-efficient buildings and eco-friendly public spaces are helping reduce environmental impact while creating more sustainable and livable urban areas. This push for...
MacroAsia Corp., a member of the Lucio Tan group of companies, has signed a ₱1.41-billion financing agreement for its seawater desalination plant project in Lapu-Lapu City. In a disclosure to the Philippine Stock Exchange, the firm said the loan agreement was formally executed by representatives...
Vivian Que Azcona The low-profile Forbes billionaire Vivian Que Azcona, president of the Philippines’ leading pharmacy retail chain Mercury Drug Corporation, passed away at 69. She was the eldest daughter of Mariano Que, who founded the company in 1945 and was responsible for its rapid...
Trump’s decision to delay and reduce tariffs spurred the market to rally further, although profit-taking trimmed some gains. The Philippine Stock Exchange index (PSEi) jumped 71.48 points or 1.19 points to close at 6,077.82 on Thursday, April 10, with Miners leading the charge. Volume...
Citicore Renewable Energy Corp.’s (CREC) solar unit in Pangasinan is seeking the approval of the Energy Regulatory Commission (ERC) to develop facilities linking its solar project to the Luzon grid. In an application filing posted on the ERC website, Citicore Solar Pangasinan Inc. (CSPI) has...
Food and beverage firm RFM Corp. aims to grow its revenues and bottom line by mid- to high single-digit percentages this year, driven by growth in its ice cream, milk, pasta, flour, bread, and mixes segments. In a disclosure to the Philippine Stock Exchange, RFM Chief Executive Officer Jose Ma....
Vivant Corp. announced that its water unit has secured a 25-year supply deal with the Metropolitan Cebu Water District (MCWD) to help address Metro Cebu’s water shortage concerns. In a disclosure to the Philippine Stock Exchange on Thursday, April 10, the company announced that Vivant Water has...
Lopez-led First Gen Corp. has partnered with a Japanese multinational industrial gas firm to integrate renewable energy (RE) in its facilities. In a statement, Nippon Sanso Ingasco Group (NSIG), which is a unit of Nippon Sanso Holdings Group, will receive 100-percent clean energy for its...
The Securities and Exchange Commission (SEC) and the Energy Regulatory Commission (ERC) are simplifying the process of raising capital through the capital market by power generation and distribution companies to support their growth and expansion. The SEC and ERC formally launched the Securing and...
