The local stock market bounced back to the 6,000 level and recovered more than half the steep loss suffered in the previous day as most countries chose diplomacy over a trade war with the US. The main index surged by 183.49 points or 3.15 percent to close at 6,006.34 with Services leading the...
From left to right: Light Fuels Retail Trade Manager, Dwight Christian Jonas Villon; Vice President and Head of Commercial Fuel Trade, Alvin Lato; First Vice President and Chief Financial Officer, Atty. Constance Marie Lim, CPA; Senior Vice President and Chief Operating Officer, Brigitte...
Citicore Renewable Energy Corporation (CREC) reported an 11 percent jump in its net income for 2024, fueled by strong electricity sales. In a disclosure to the Philippine Stock Exchange (PSE) on Tuesday, April 8, CREC said its net income climbed to ₱1 billion in January to December last year, up...
Government and private sector partners pose for a photo during the Iloilo Integrated Solid Waste Management Facility Groundbreaking Ceremony, last 04 April 2025; (from left to right: Iloilo City Councilor Dr. Candice A. Tupas, Iloilo City Vice Mayor Jeffrey P. Ganzon, Iloilo Province...
Following the first-quarter 2025 launch of retail aggregation switches, the Energy Regulatory Commission (ERC) announced a partnership between both Ayala-led ACEN Corp. and Bank of the Philippine Islands (BPI) for the latter to switch its facilities to the retail aggregation program (RAP). This...
Nickel Asia Corp. (NAC) announced that its renewable energy (RE) unit has partnered with retail energy supplier (RES) Mabuhay Energy Corp. (MECO) to supply clean energy. In a statement, NAC’s Emerging Power Inc. (EPI) said that, along with its subsidiaries Jobin SQM Inc. (JSI) and Northern...
The Philippine Stock Exchange index (PSEi) plunged as investors sold down shares in panic due to fears of a global trade war as countries are taking retaliatory measures slapped harsh tariff rates by the US. The Philippine benchmark fell by 261.34 points or 4.3 percent to close at 5,822.85 on...
The Gokongwei Group is increasing its investments for its real estate and food and beverage units while investments for aviation drops as it expects fewer aircraft and engine deliveries. JG Summit Holdings Inc. said the sharply lower capital expenditures of Cebu Air Inc., down 49 percent to P33...
DoubleDragon Corporation has until July 23, 2025 to push through with the merger of Hotel101 Global Pte. Ltd. JVSPAC Acquisition Corporation, which will result in its $2.3 billion listing on the NASDAQ. While the listing is targeted for the first half of 2025, Hotel 101 Global has already paid...
Ayala-led ACEN Corporation announced that its retail electricity unit has successfully switched four more Uratex Group facilities to 100 percent renewable energy (RE). In a disclosure to the Philippine Stock Exchange on Monday, April 7, ACEN RES revealed that Uratex's operations in...
Citta Grande, third phase of Italpinas Development Corporation's Primavera City in Cagayan de Oro. Italpinas Development Corporation (IDC), a pioneering green real estate developer in Mindanao, has entered into a strategic joint venture with contractor AV Pamatong Trading & Construction Inc....
Philippine stocks prices plunged immediately after the opening of the trading week on fears of a global trade war and possible recession. As of 10:18 this morning, the PSEi has lost 235.13 points, or 3.87 percent, at 5,849.06, with the mining and oil sector leading losses across the board. "US...
