The Philippine benchmark index inched up as investor sentiment remained buoyed by easing oil prices amid a ceasefire in the Middle East. The main index added 5.01 points or 0.08 percent to close at 6,330.65 on Thursday, June 26, although only Conglomerates and the Property counter managed to...
Muti-media giant ABS-CBN Corporation is no longer pursuing a new congressional franchise to return to the broadcasting industry but will instead focus on the business of providing content, with which it expects to finally bounce back to profitability this year. “Even if Congress granted the...
The local stock market rose further as the peso firmed up while oil prices dropped due to the ceasefire between Israel and Iran. The main index added 32.89 points or 0.52 percent to close at 6,325.64 on Wednesday, June 25, with the advance led by the Property sector, although Banks and Industrials...
The PSEi bounced back after Iran made only a token response to the United States (US) bombing of its nuclear facilities and the US announced a ceasefire, although investors’ relief eventually gave way to caution and trimmed intra-day gains. The main index rose by 74.47 points, or 1.2 percent, to...
Meralco PowerGen Corp. (MGen), the power generation arm of Manila Electric Company, has finalized power supply agreements to provide renewable energy (RE) to EvoEnergi Inc. In a statement, MGen announced that the company, through its thermal and RE subsidiaries, MThermal and MGreen, signed two...
The Philippine Stock Exchange index (PSEi) plunged in a knee-jerk reaction to the United States’ (US) bombing of Iran’s nuclear facilities, as this may lead to further escalation in the conflict and fuel more oil price hikes. The main index fell by 121.49 points, or 1.92 percent, to close at...
The Philippine stock market ended the week lower, as investors worried about the inflationary effects of higher oil prices due to the Israel-Iran conflict, coupled with a weaker peso. The main index shed 17.24 points, or 0.27 percent, to close at 6,339.77 on Friday, June 20. The Industrial sector...
Township developer Megaworld Corporation is venturing into the ultra-high-end real estate market in recognition of the growing opportunities in this segment, which continues to enjoy brisk sales and resilience even during challenging times. During the firm’s annual stockholders’ meeting,...
Alliance Global Group Inc. (AGI), the investment holding company of tycoon Andrew Tan, is expanding its leisure and hospitality businesses under During the firm’s annual stockholders’ meeting, AGI Chairman Tan said that, “leveraging AGI 's unrivaled land bank, we are building even more...
Local stocks rose as investors anticipate a rate cut by the Bangko Sentral ng Pilipinas, which is seen to lower the cost of money and boost consumer and corporate spending. The main index added 19.58 points or 0.31 percent to close at 6,357.01 on Thursday, June 19, as Banks led the advance while...
Gatchalian-led hotel and resort firm Waterfront Philippines Inc. reported a ₱1.76 billion gain from the sale of 57.5 hectares of land in Ilocos Norte to township developer Megaworld Corporation in a deal valued at ₱2.06 billion. In a disclosure to the Philippine Stock Exchange, Waterfront said...
The Philippine Stock Exchange index (PSEi) recovered the previous day’s loss on more substantial remittance numbers as well as hopes that the Israel-Iran conflict will de-escalate. The main index added 10.61 points or 0.17 percent to close at 6,3699.19. Industrials led the advance while Banks...
