The Philippine stock market is seen to weaken further this short trading week as COVD-19 cases continue to surge, sparking talks of the imposition of even more stringent lockdown measures—the government’s main tool in trying to keep infections down. “The local market may decline next week as...
D&L Industries Inc., the country’s largest specialty foods ingredients, plastics and oleochemicals firm, is planning to raise up to P5 billion from its first bond offering to fund its P8 billion capacity expansion program. In a disclosure to the Philippine Stock Exchange, D&L said...
D&L Industries, the country’s largest specialty foods ingredients, plastics and oleochemicals firm, reported full recovery in the fourth quarter of 2020 and expects earnings to return to pre-COVID levels this year In a media briefing, D&L President Alvin D. Lao said “recovery...
The Philippines creative industries lost over 5,000 projects or 90 percent of businesses affecting more than 4,000 workers last year due to the pandemic, but the Department of Trade and Industry (DTI) said this sector is poised to become a key driver of Philippine trade in the coming years. ...
The local stock market is seen to trade with a downward bias this week even as investors await the release later in the week of the gross domestic product figure for the fourth quarter of 2020. “The local market’s bias is still seen to be tilted to the downside amid waning optimism and...
Tissot timepices from Wizer Industries, official distributors in the Philippines The Jacintos are zeitgeist masters. Ernesto Jacinto started his company, Ercinto, as a distributor for Rado and Citizen watches back in 1963, with its headquarters situated in Echague Quiapo, Manila. His son Ray...
Japanese firm Mitsubishi Power, a subsidiary of Mitsubishi Heavy Industries (MHI) Group, has cornered the contract for the upgrade of the 458-megawatt Makiling-Banahaw geothermal power facility that is owned and operated by AP Renewables Inc. (APRI) of the Aboitiz group. Under the deal, Mitsubishi...
A tripartite agreement was signed today for the private sector donation to the government of 3-million dosage of COVID-19 vaccine, estimated to cost P700 million. The agreement “Angat Lahat: A Dose of Hope” was signed today by Presidential Adviser for Entrepreneurship and Nego Negosyo...
Dismayed over the Philippines disaster responses in the recent typhoons, Business groups have urged Filipinos to move in an efficient fashion in partnership with local government units to mitigate the impact of climate change. “We express serious concern about the state of our...
D&L Industries Inc., the country’s largest specialty foods ingredients, plastics and oleochemicals firm, is expecting its earnings in to exceed P1 billion in the second half of the year to over P1 billion from the earlier targeted P900 million to P1 billion. D&L President and...
D&L Industries, Inc., the country’s largest specialty foods ingredients, plastics and oleochemicals firm, has declared a regular cash dividend worth P1.3 billion or P0.183 per share. Announced during the firm’s annual stockholders meeting, the cash dividend will be given to...
