Two separate boards of directors were elected in two separate stockholders’ meetings held by rival factions of the Yanson family for Rural Transit (Mindanao) Inc., one of the bus companies under the Yanson-owned conglomerate Vallacar Transit Inc. The group that calls itself the Yanson...
Cebu Air Inc., the firm behind carrier Cebu Pacific, has set the price range for its planned P12.5 billion rights offering of convertible preferred shares mainly to pay for debt. In a disclosure to the Philippine Stock Exchange, Cebu Air said the offer price range for...
A committee made up of stakeholders from the Philippine National Federation Inc. (PNVF) will be in charge of the national team selection as the association eyes the Southeast Asian Games gold medal in the coming editions. PNVF President Tats Suzara bared this plan and said the decision will not...
The Philippine Stock Exchange, Inc. (PSE) is adding newly-listed firms in its sector indices while the main PSE index (PSEi) will see no changes in its composition. In a statement, the bourse said these changes are based on the regular stock performance review for the January to December 2020...
The Philippine National Volleyball Federation Inc. (PNVFI) has prepared a 10-point goal strategy to strengthen the sport in the country. PNVFI President Tats Suzara said the agenda touches issues from the grassroots up to the elite level, including making volleyball the number one family sport...
Seven members of the SM Group of Companies, led by flagship SM Investments Corporation (SMIC), clinched 10 awards for their high scores in the recently concluded 2019 ASEAN Corporate Governance Scorecard (ACGS) assessments. For the 2019 ACGS Assessment, three award categories were recognized:...
The International Volleyball Federation (FIVB) officially recognized the Philippine National Volleyball Federation Inc. (PNVFI) as its member during the 37 th World Volleyball Congress held online late Sunday. One hundred and fifty five national federations approved the PNVFI’s recognition...
After making huge gains last week, investors are seen to test the stock market’s strength this week amid concern over the new COVID-19 variant on one side and vaccine roll-out news and the passage of the corporate recovery bill on the other. “Next week, the local market is seen to move sideways...
Greenergy Holdings Inc., the listed holding firm of businessman Antonio Tiu, is optimistic after the Australian government's recent landmark decision allowing over the counter sale of CBD or cannabidiol oil. This bodes well for Greenergy which last year acquired a 50 percent stake in the...
Listed sugar and ethanol producer Roxas Holdings, Inc. reported a higher net loss of P240 million for the first quarter of its fiscal year ending in September 30, 2021 from a net loss of P36 million in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said this...
The Department of Agriculture (DA) will not withdraw its proposal for tariff reduction on pork and rice imports despite the growing number of groups – including farmers, raisers, advocates – opposing such a move. When asked if he will consider the possibility of withdrawing DA’s proposal,...
The Ayala group of companies bagged top accolades at the 2019 ASEAN Corporate Governance Scorecard Awards held by the Securities and Exchange Commission and the Institute of Corporate Directors. Ayala Corporation, Bank of the Philippine Islands, Ayala Land, Inc., and Globe Telecom were hailed ASEAN...
