The Philippine Stock Exchange index (PSEi) suffered its biggest drop in 20 months to crash below the 7,000 level after a major hike in pump prices took effect coupled with reports of an even bigger increase next week. The main index fell 310.34 points or 4.26 percent to close at 6,977.73 as banks...
AIA Philippines, formerly AIA Philam Life, is seeking thousands of its policyholders and beneficiaries who have yet to claim their benefits ranging from policy maturities, reinstatements, claims, redemptions, and even refunds. In a statement, AIA Philippines said on Tuesday, March 8, that there are...
MREIT, Inc., the real estate investment trust of Megaworld Corporation, reported net income of P2.0 billion for its first six months of operation, July to December 2021. In a disclosure to the Philippine Stock Exchange, the firm said a large part of the profit (35 percent) was due to the...
Manila Water Philippine Ventures, a wholly owned subsidiary of Manila Water Company, Inc., now has 100 percent ownership of Davao Del Norte Water Infrastructure Company, Inc. (Davao Water). In a disclosure to the Philippine Stock Exchange, Manila Water said this comes after the acquisition of all...
The Philippine Swimming Inc. (PSI) will be sending a mix of foreign- and local-based tankers for the upcoming 31st Southeast Asian Games in Hanoi, Vietnam in May. Thanya Dela Cruz This came after the successful staging of the National Open at the Teofilo Yldefonso Swimming pool in Malate, Manila...
Diversified engineering conglomerate DMCI Holdings, Inc. reported a 164 percent surge in core net income to P17.4 billion last year, the highest in its history, from the P6.6 billion earned in 2020. In a disclosure to the Philippine Stock Exchange, the firm said “Surging commodity prices,...
Solar Philippines Nueva Ecija Corporation’s stockholders have approved its increase in authorized capital stock and the P60 billion share swap with parent company Solar Philippines Power Project Holdings Inc. In a disclosure to the Philippine Stock Exchange, the firm said it will raise its...
BDO Leasing and Finance, Inc. (BLFI) posted P43.6 million profit in 2021 derived mainly from fair value gain from investments in Unit Trust Investment Funds (UITFs). In a disclosure to the Philippine Stock Exchange, the firm said its 2021 results were higher compared to P5.8 million earnings from a...
SM Prime Holdings Inc., one of the leading integrated property developer in Southeast Asia, is planning to issue up to P30 billion in bond from the fourth tranche of its P100 billion debt securities program. Philippine Rating Services Corporation (PhilRatings) has assigned the highest issue credit...
(PRC/MANILA BULLETIN FILE PHOTO) The Philippine Red Cross (PRC) received more than P200,000 donation from Canon Marketing Philippines Inc. (CMPI) to support its humanitarian operations. In a statement, the PRC said that the P218,919 was “part of CMPI’s corporate social responsibility to aid the...
D&L Industries Inc. reported that the start of commercial operations (SCO) for subsidiary Natura Aeropack Corporation’s (NAC) plant in Batangas will be moved to January 2023 instead of the original May 2022 schedule due to global port congestion and supply chain disruptions. D&L President...
Myrtle Sarrosa (Instagram) Myrtle Sarrosa continues a sisterly bond with Sisters Sanitary Napkins and Pantyliners by renewing her endorsement deal with Megasoft Hygienic Products Inc. For six years, Myrtle and Sisters have been working hand-in-hand to advocate good education and proper hygiene...
