LT Group Inc., the holding company of taipan Lucio Tan, reported a 14 percent improvement in attributable net income to a record high of ₱28.92 billion last year from the ₱25.42 billion reported in 2023 on the back of strong growth in its tobacco, banking, liquor, and beer businesses. In its...
Investments in Camp John Hay have skyrocketed to ₱1 billion in two months of the Bases Conversion and Development Authority (BCDA) reclaiming the property. In a statement, the BCDA said the robust investments signal strong investor confidence in the state-run agency’s vision to transform it...
Publicly listed Italpinas Development Corporation (IDC) is expanding its presence to Pampanga, Boracay, and Palawan through joint venture agreements with the Co family, a strategic investor which recently acquired a 15 percent stake in the company. IDC said it has signed five new joint venture...
The PSEi plunged due to the MSCI rebalancing and Trump’s latest statements which continue to rock investor sentiment. The main index fell 126.12 points or 2.06 percent to close at 5,997.97 with the Property counter leading all sectors down. Volume jumped to 1.11 billion shares worth ₱20.63...
The local stock market declined as it continues its see-saw trend amid negative geopolitical factors and generally upbeat corporate results. The main index shed 20.87 points or 0.34 percent to close at 6,124.09 as Miners led the retreat with only Banks managing to advance. Volume rose to 534...
Dusit Princess Firenze in Cagayan De Oro (Artist perspective/Dusit website) For property firms with real estate investment trusts (REITs), Colliers Philippines is pushing for the addition of hotel assets as an integral part of their diversification strategies. The real estate services and...
President Marcos hailed the Asian Development Bank's (ADB) ongoing support for the Philippines, saying their assistance has significantly contributed to its economic development. President Ferdinand 'Bongbong' Marcos Jr. and Asian Development Bank president Kanda Masato (PCO) Marcos said this...
Former rebels, law enforcers, and local government officials attend a summit for rebel-returnees in Davao City on July 11, 2024. (Photo: National Amnesty Commission) The National Amnesty Commission (NAC) announced Wednesday, Feb. 26, that it has received and processed 127 amnesty applications...
The local stock market bounced after news that the Philippines will continue to receive US aid, while upbeat corporate earnings further lifted investor sentiment. The Philippine Stock Exchange index (PSEi) rallied by 80.80 points or 1.33 percent to close at 6,144.96 on Wednesday, Feb. 26, as Banks...
Four Philippine projects funded by World Bank loans totaling over $1.37 billion (nearly ₱80 billion) are progressing satisfactorily, according to the Washington-based multilateral lender. In separate implementation status and results reports this month and last month, the World Bank said the...
The United Nations Sustainable Development Goals (SDGs) offer a transformative framework for tackling global challenges while underscoring the critical role of partnerships in driving meaningful progress. By aligning with the SDGs, enterprises not only fulfill their commitment to responsible...
The local stock market weakened as investor sentiment remains dampened by geopolitical concerns such as US tariffs and discouraging economic and inflation numbers. The main index dropped on Tuesday, Feb. 25, by 31.81 points or 0.52 percent to close at 6,064.16, as conglomerates led the retreat...
