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...
Cosco Capital Inc., the listed retail holding firm of tycoon Lucio L. Co, reported a 9.2-percent growth in consolidated net income to ₱8.3 billion for the first half of 2026 from the ₱7.6 billion earned in the same period last year on the back of recovering consumer demand. “The group...
Alliance Global Group Inc., the conglomerate led by tycoon Andrew Tan, reported a three percent increase in first-half net income to ₱16 billion, supported by compounding property recurring revenues, expanding spirits margins, and a pivot toward non-VIP gaming. In a disclosure to the Philippine...
Local equities market retreated as the onset of the traditional “Ghost Month” coincided with portfolio shifts triggered by MSCI Inc.’s quarterly benchmark review and persistent local currency weakness, pushing the country’s main stock index to a one-week low. The Philippine Stock Exchange...
The three branches of the Lopez family majority, comprising Crème Investment Corp., Mantes Corp., and Presta Holdings Co. Inc., announced that they will invest ₱2.2 billion in ABS-CBN Corp. as part of a total of ₱6 billion to be raised by the media company. In a statement on Wednesday, Aug....
The Philippine Stock Exchange index (PSEi) rose on Wednesday, Aug. 12, as investor confidence was boosted by record highs in United States (US) bourses and the positive first-half performance of domestic blue-chip companies. The main index rose by 39.75 points, or 0.63 percent, to close at...
