MREIT Inc., the real estate investment trust backed by billionaire Andrew Tan’s Megaworld Corp., plans to acquire ₱25 billion worth of commercial assets in a deal that will transform the firm from a pure-office landlord into a diversified property trust. The company signed a memorandum of...
The Philippine Stock Exchange index (PSEi) plunged on Thursday, May 28, as hopes for peace in the Middle East dimmed following fresh United States (US) strikes in Iran while the two countries’ positions remain incompatible. The main index fell by 103.3 points, or 1.73 percent, to close at...
ZAMBOANGA CITY – The Zamboanga del Sur Provincial Police Office condemned a shooting incident inside a mosque in Labangan, Zamboanga del Sur on the eve of Eid’l Adha on Tuesday, May 26. Police described the incident as “deeply disturbing and unacceptable" and condoled with the bereaved...
President Marcos said the observance of the Eid 'l Adha or the Feast of Sacrifice calls on the community to look beyond personal desires. In his message on Wednesday, May 27, Marcos joined the Muslim communities around the world in observing the Feast of Sacrifice. He said that through...
Around 3,000 Muslim faithful gathered at the Quezon Memorial Circle in Quezon City on Wednesday morning, May 27, to observe Eid’l Adha through congregational prayers and thanksgiving rites at Liwasang Aurora. Worshippers began arriving as early as 4:30 a.m., with the Eid prayer and khutbah...
The Philippine Stock Exchange index (PSEi) dropped on Tuesday, May 26, as investors took profits ahead of the Eid al-Adha holiday on concern over the Middle East situation after the United States (US) launched strikes against Iran. The main index lost 46.14 points, or 0.77 percent, to close at...
The Philippine Stock Exchange index (PSEi) rose for the third day in a row on Monday, May 25, as oil prices continued to decline on hopes for successful peace negotiations between the United States (US) and Iran. The main index added 47.98 points, or 0.8 percent, to close at 6,009.38. Banks led the...
The Philippine Stock Exchange index (PSEi) rose again in thin volume on Friday, May 22, on hopes of peace between the United States (US) and Iran, which has also led to lower world crude oil prices. The main index added 40.70 points, or 0.69 percent, to close at 5,961.40. Conglomerates led the...
Alliance Global Group Inc. (AGI), the holding company of tycoon Andrew L. Tan, delivered a six-percent growth in net income to ₱7.8 billion in the first quarter of 2026 from the normalized profit of ₱7.4 billion in the same period last year due to higher earnings from its property and spirits...
Local stocks edged lower as investors weighed warnings from President Ferdinand Marcos Jr. that persistent global supply disruptions could push the economy into stagflation. The benchmark Philippine Stock Exchange index (PSEi) dropped 3.40 points, or 0.06 percent, to close at 5,893.40 on Wednesday,...
Local equities fell for a consecutive session, with the benchmark index slipping below a key psychological support level as rising global oil prices and sputtering peso triggered the selloff. The Philippine Stock Exchange index (PSEi) dropped 44.72 points, or 0.75 percent, to finish at 5,896.8 on...
Local stocks retreated on Friday, May 15, pulling the benchmark index back below the 6,000 psychological threshold as sliding peso and cooling remittance data prompted investors to reduce exposure ahead of the weekend. The Philippine Stock Exchange index (PSEi) fell 38.26 points, or 0.64 percent,...
