The local stock market declined as investors continue to worry over the global economy. The main index shed 25.38 points or 0.38 percent to close at 6,686.83 although only the Banks and Industrial counters retreated while the Mining and Oil sector led advancers. Volume weakened further to 852...
Vista Land & Lifescapes, Inc., the country’s biggest home builder, has raised P2 billion from the issuance of additional corporate notes at a fixed interest of 7.2359 percent per annum. In a disclosure to the Philippine Stock Exchange, the firm said the proceeds of the additional notes will...
While grappling with rising raw material costs in all divisions, San Miguel Food and Beverage Inc. expects its beer and spirits businesses to continue to recover as the economy reopens. “We are almost half-way through 2022 and many macro uncertainties have emerged including accelerating inflation...
Filipinos remain focused on building their financial protection and securing their health despite coronavirus statistics and alert levels steadily going down, a recent survey showed. In a report by the Sun Life Grepa Financial, Inc. (Sun Life Grepa), it said that health protection continued to be...
Sustainable nail polish brand strengthens advocacy efforts with the Philippine Foundation for Breast Care Inc. From left Ogie Rodriguez, Juni Del Rosario, Millet Ilagan, Jennifer Angeles, Malu Del Rosario, Lizette Lim, Philipp Renner, Marnie Jaranilla, Nathalia Jardin, and Tim Michael UK-formulated...
AllDay Supermarket, owned by listed AllDay Marts Inc. of the Villar retail group, reported a 33 percent jump in net profit to P95 million in the first quarter of 2022 from P71 million in the same period last year. In a disclosure to the Philippine Stock Exchange, the chain said it recorded a 7.4...
The Securities and Exchange Commission (SEC) has approved the initial public offering (IPO) of North Star Meat Merchants, Inc. worth up to P4.5 billion. In its meeting on May 17, the Commission En Banc resolved to render effective the registration statement of North Star Meat Merchants covering 1.8...
Diversified engineering conglomerate DMCI Holdings, Inc. is considering the merger of its two mining subsidiaries, Semirara Mining and Power Corporation and DMCI Mining, which are now highly profitable due to surging global prices. During the firm’s annual stocholders’ meeting, DMCI Chairman...
GT Capital Holdings, Inc. reported an 18 percent growth in core net income to P4.0 billion in the first quarter of 2022 from P3.4 billion during the same period last year largely propelled its bank and car companies' stronger earnings. In a disclosure to the Philippine Stock Exchange, the...
Emperador Inc. is raising its capital expenditure budget to expand its overseas whisky business while sister company Megaworld Corporation is expanding its reach in the domestic front. During the Emperador’s annual stockholders’ meeting, is was disclosed that the firm increasing its capital...
The local stock market bounced from its five-day losing streak on the back of gains in US bourses. The main index jumped 122.95 points or 1.93 percent to close at 6,502.12 with the Property sector registering the biggest gain as all counters advanced. A total of 678 million shares worth P8.06...
Parts of eight cities in the Metro Manila and in Bulacan will experience water service interruption which will be implemented by the Maynilad Water Services, Inc. starting Monday evening, May 16, until June 1. The Maynilad Water Services, Inc. said that the service interruption in portions of...
