Lopez-led First Gen Corp. is betting that its ₱50 billion partnership with billionaire Enrique Razon Jr. will provide the scale necessary to insulate local grid from volatile energy markets, defending the sale of its majority stake in the natural gas portfolio as a move to prioritize cheaper...
GT Capital Holdings Inc., the holding company of the Ty family, has formalized the donation of a 15-hectare land parcel to Ateneo de Manila University, clearing the path for the institution’s expansion into Cavite. The firm said the future Ateneo campus, located within the township Riverpark in...
The Philippine Stock Exchange index (PSEi) rose on Monday, May 11, on bargain hunting—particularly in stocks that posted encouraging first-quarter performances. The main index added 25.88 points, or 0.43 percent, to close at 5,986.85. The property sector led the advance, while conglomerates and...
Local equities retreated as weaker-than-expected economic growth print and escalating tensions in the Middle East prompted investors to pocket gains before the weekend. The Philippine Stock Exchange index fell 73.3 points, or 1.2 percent, to close at 5,960.97 on Friday, May 9. The Services sector...
Cosco Capital Inc., the retail holding company controlled by billionaire Lucio Co, reported a 22 percent increase in first-quarter profit as a recovery in consumer spending boosted sales across its grocery and liquor units. The firm said in a disclosure to the Philippine Stock Exchange that net...
The Philippine Stock Exchange index (PSEi) climbed back above the 6,000 threshold, shrugging off the weaker-than-expected economic growth report as investors focused on potential diplomatic breakthroughs between the United States (US) and Iran. The benchmark gauge advanced 67.06 points, or 1.1...
Local equities rebounded as global market anxieties eased after United States (US) President Donald Trump announced a temporary pause on naval escort operations in the Strait of Hormuz, shifting Washington’s focus toward securing a peace agreement with Iran. The benchmark Philippine Stock...
The Philippine Stock Exchange index (PSEi) made a strong bounce on Monday, May 4, as bargain hunting began after more firms reported first-quarter earnings and outlooks while the United States (US) announced its plan to escort ships passing through the Strait of Hormuz. The main index jumped by...
Signs of stagflation are surfacing in the Philippine economy as it enters the second quarter of 2026, with private sector economists warning of a precarious mix of stalled growth and surging consumer prices. The country’s economic output likely posted only a tepid recovery from the previous...
The Philippine Stock Exchange index (PSEi) retreated to end a shortened trading week as investors weighed the compounding risks of surging energy costs, persistent inflation, and a weakening local currency. The benchmark PSEi fell 74.25 points, or 1.26 percent, to close at 5,833.64 on Thursday,...
The Philippine Stock Exchange index (PSEi) snapped a five-day losing streak on Wednesday, April 29, as investors engaged in bargain hunting despite continued depreciation of the local currency. The benchmark PSEi gained 41.1 points, or 0.7 percent, to settle at 5,907.89. The Industrial and Services...
Local stocks retreated to their lowest level in five months as the peso’s plunge to a fresh record fueled anxiety that persistent inflationary pressures will force borrowing costs to stay higher for longer. The Philippine Stock Exchange index (PSEi) declined 34.36 points, or 0.58 percent, to...
