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...
A total of 40 Filipino companies were included in the second annual Fortune Southeast Asia 500 list, which ranked the region’s top corporations based on their 2024 revenues. Topping the list of Philippine firms are the largest conglomerates, banks, and utilities, with San Miguel Corporation...
The ongoing war between Israel and Iran pulled down the PSEi as it made investors jittery. The main index dropped 37.01 points, or 0.58 percent, to 6,358.58, although sectoral indices were evenly split. Volume was strong at 1.07 billion shares worth ₱8.82 billion, as losers outnumbered...
SPC Power Corporation is actively exploring new project acquisitions and developments, including the integration of renewable energy (RE) sources. During the annual stockholders ' meeting on June 11, SPC Power Chairman Alfredo L. Henares stated that the company aims to support the Philippines...
The Philippine Stock Exchange index (PSEi) dropped after the Bangko Sentral reported that foreign direct investments slid in the first quarter of the year. The main index lost 58.46 points, or 0.91 percent, to close at 6,347.67, as Banks led the retreat across the board. Volume rose to 1.45 billion...
