The local stock market is expected to move sideways this week as stocks are at bargain levels, but negative sentiment ahead of inflation data could still impact prices. “With the market at attractive levels, we may see some instances of bargain hunting. However, we expect lingering concerns to...
CEBU CITY – A foundation has introduced a program that seeks to equip senior high school students with practical skills in solar technology and help address growing demand for expertise in renewable energy systems. Vivant Foundation, the corporate social responsibility arm of Cebu-based Vivant...
Share prices plunged again as the market remains volatile, this time as investors worry about the plan of incoming US President Donald Trump to slap fresh tariffs on imports. The main index fell 104.27 points or 1.53 percent to close at 6,702.59 with Conglomerates suffering the biggest loss. Volume...
Del Rosario-led PHINMA Corporation is embarking on the simultaneous expansion of its core businesses after successfully raising P1 billion from its stock rights offering on top of a P4.5 billion cash infusion by global investment firm KKR into its education unit. During the listing ceremondy for...
Ayala-led renewable energy platform ACEN Corp. announced it will acquire Vietnamese firm BIM Energy Holdings (BIMEH) to help the neighboring country achieve its renewable energy goal. In a disclosure to the Philippine Stock Exchange on Wednesday, November 27th, ACEN said that its affiliate, ACEN...
MerryMart Consumer Corp. will be conducting its annual meeting of stockholders on December 16, 2024, Monday, at 3:30 P.M. through remote communication via Zoom. The link will be provided at least three (3) days prior to the meeting....
NLEX Corporation, a subsidiary of Metro Pacific Tollways Corporation, has retained its highest Issue Credit Rating of PRS Aaa with a Stable Outlook from the Philippine Rating Services Corporation (PhilRatings) for its outstanding fixed-rate bonds worth P6.0 billion. Obligations rated PRS Aaa are of...
The PSEi declined as investors exercised caution while waiting for developments in the US. The main index dropped 43.14 points or 0.63 percent to close at 6,806.86 as the Services sector led the retreat with only Banks managing to advance. Volume fell to 588 million shares worth P4.6 billion as...
From left: UnionBank Head of Consumer Banking, Manoj Varma; UnionBank Head of Card and Loans, Mukul Sukhani; Mercury Drug President, Vivian Que-Azcona; Mercury Drug Assistant to the President, Steve Azcona. UnionBank of the Philippines, in partnership with Mercury Drug, one of the nation’s major...
MerryMart Consumer Corp. will be holding its annual meeting of stockholders on December 16, 2024, Monday, at 3:30 P.M. through remote communication via Zoom. The link will be provided at least three (3) days prior to the meeting. Registration for...
The local stock market recovered some lost ground as investors wait for fresh US and Philippine economic data to be released later this week. The main index added 69.87 points or 1.03 percent to close at 6,850 as the Services sector led all sub-indices higher. Volume rose to 701 million shares...
SFA Semicon Philippines Corporation (SSP) is targeting voluntary delisting from the Philippine Stock Exchange (PSE) on Dec. 12, 2024, following the successful tender offer by its parent company, SFA Semicon Co. Ltd. (SFA Korea), which resulted in ownership of 99.41 percent of SSP's outstanding...
