Tourism is driving growth in destinations beyond the country’s major urban centers, creating demand for more hotels and developments that can benefit local communities. Megaworld Corporation is responding by expanding its hospitality portfolio in key tourism areas such as Palawan and Ilocos...
Equities market suffered a steep selloff, dragging the benchmark stock index to its lowest level in more than two months as investors dumped shares ahead of a rate increase by the Bangko Sentral ng Pilipinas (BSP) that was announced late in the trading day. The Philippine Stock Exchange index...
Local equities extended decline as subdued medium-term growth outlook and impending monetary policy decisions kept investors on the defensive. The Philippine Stock Exchange index (PSEi) fell 53 points, or 0.86 percent, to settle at 6,137.23 on Wednesday, Aug. 26, led by a sharp retreat in the...
Andrew Tan-led top township developer Megaworld Corp. is ramping up the expansion of its hospitality business, targeting 12,000 rooms by 2032 after setting its sights on some of the Philippines’ fastest-growing tourism destinations. In a disclosure to the Philippine Stock Exchange (PSE) on...
Vice President Sara Duterte on Wednesday, August 26, challenged prosecutors and members of Congress pursuing the impeachment complaints against her to prove an impeachable offense with evidence, arguing that insults, speculation, and political theatrics have no place in the proceedings. In a...
Established in 1963 by founding brothers Dean and Leon Lao as a plastics industry supplier, D&L Industries has diversified over the last six decades to become the country 's largest manufacturer of customized food ingredients, specialty raw materials for plastics, and oleochemicals for...
The Philippine Stock Exchange index (PSEi) rebounded as the surge across global markets emboldened investors to hunt for bargains in the local equity market. The PSEi jumped 80.12 points, or 1.3 percent, to close at 6,238.46 on Thursday, Aug. 20, driven by broad-based gains led by a rally in mining...
Korean rock band The Rose took the stage in Manila for the last time before going on a temporary hiatus as a group to focus on their individual careers and interests. Held at the SM Mall of Asia Arena on Aug. 15, the band’s “Rosetopia” concert served as an opportunity to meet their Filipino...
Local equities declined as the peso dropped to an all-time low against the United States (US) dollar and global oil prices advanced, stoking fears that accelerating inflation will force borrowing costs to stay elevated. The Philippine Stock Exchange index (PSEi) sank 106.36 points, or 1.7 percent,...
The Lopez group’s multi-media giant ABS-CBN Corp. expressed confidence that its push toward financial recovery remains on track, driven by narrowing losses and strategy focused on content distribution five years after the non-renewal of its broadcast franchise. At the company’s annual...
The Philippine Stock Exchange index (PSEi) dropped in thin trades on Monday, Aug. 17, as overseas Filipino (OF) remittance growth slowed down, while United States (US) bourses weakened due to softer economic data. The main index lost 35.5 points, or 0.56 percent, to close at 6,261.80. The services...
The entry of I&C Holdings Corp.—a firm linked to Fortman Cline Capital Markets—as the second-largest shareholder of cash-strapped ABS-CBN Corp. is seen by market analysts as a strong vote of confidence in the media company’s turnaround story. “With a ₱3.5-billion commitment, investors are...
