The Philippine Stock Exchange index (PSEi) dropped on concern that the Philippine national debt will balloon further next year. The main index shed 33.24 points, or 0.53 percent, to close at 6,291.85, although sectoral indices were equally divided. “The market slipped today as some investors may...
Alliance Global Group Inc. (AGI), the conglomerate led by tycoon Dr. Andrew L. Tan, reported a 39-percent jump in net income to ₱19.2 billion in the first half of the year, driven largely by the increasing contribution from its real estate business and tourism-related segments, on the back of...
The local stock market bounced after dropping in the previous three sessions as investors started bargain hunting. The main index added 35.49 points or 0.57 percent to close at 6,289.85 on Tuesday, Aug. 12, as Conglomerates led the advance while Banks continued to decline. Volume jumped to 756...
MREIT Inc., the real estate investment trust (REIT) of top township developer Megaworld Corp., is raising its authorized capital stock by 60 percent to ₱8 billion from ₱5 billion so it can issue more shares for the acquisition of fresh assets. In a disclosure to the Philippine Stock Exchange...
D&L Industries Inc., the country’s top specialty food ingredients and oleochemicals producer, is confident of hitting and even exceeding its 10-percent profit target for 2025 as annualized first-half earnings are already tracking a 19-percent improvement on the back of exports driving growth....
The Philippine Stock Exchange index (PSEi) dropped on Monday, Aug. 11, as investors sold off stocks due to a lack of fresh market-moving developments. The main index fell by 85.02 points, or 1.34 percent, to close at 6,254.36. Banks led the retreat, with only the Services counter managing to hold...
Tycoon Lucio L. Co’s retail holding company Cosco Capital Inc. reported a 9.3-percent growth in consolidated net income to ₱7.6 billion for the first half of 2025 from the ₱6.97 billion earned in the same period last year as consumer spending continues to improve. In a disclosure to the...
Megaworld Hotels & Resorts, a unit of township developer Megaworld Corp. and the country’s largest hotel developer, is opening seven new hotels to grow its nationwide portfolio by 50 percent to 9,000 hotel room keys by 2030. In a disclosure to the Philippine Stock Exchange, Megaworld said these...
The Philippine Stock Exchange index (PSEi) registered an increase on Wednesday, Aug. 6, fueled by optimism that the Bangko Sentral ng Pilipinas (BSP) will cut key interest rates and support the peso. The main index gained 17.02 points, or 0.27 percent, to close at 6,370.65. Sectoral indices were...
Lucio Co-led grocery retail leader Puregold Price Club, Inc. reported a 7.1 percent improvement in consolidated net income to ₱5.3 billion for the first half of 2025 from ₱4.95 billion, driven by strong topline growth and complemented by stable gross margins. In a disclosure to the Philippine...
Lucio Co-led liquor distributor The Keepers Holdings Inc. posted a 13.7 percent improvement in net income to ₱1.6 billion in the first half of 2025 from the ₱1.43 billion earned in same period last year driven by the strong sales of imported brandy. In a disclosure to the Philippine Stock...
The PSEi continued to rise on bargain hunting as investors anticipate a benign inflation rate for July while the peso also firmed up. The main index added 42.52 points, or 0.67 percent, to close at 6,348.65. Sectoral indices were equally divided, with the property counter leading advancers. A total...
