The inter-agency Fiscal Incentives Review Board (FIRB) has approved the grant of tax incentives to a P10-billion cement manufacturing project of San Miguel Equity Investments, Inc., the Department of Finance (DOF) announced. In a statement, the DOF said on Monday, Jan. 17, that the FIRB, upon the...
Residential developer Haus Talk, Inc. (HTI) marked its successful debut at the Philippine Stock Exchange’s Small, Medium and Emerging (SME) Board with its share price closing 10 centavos or 6.67 percent higher at P1.60 apiece. 59732 During its initial trading day, HTI shares ranged from a low of...
San Miguel Corporation (SMC) announced that it has so far donated food and water amounting to over P35 million as its response efforts for provinces hit by typhoon Odette continues. This comes as fuel subsidiary Petron Corporation has managed to restore full operations to most of its damaged...
The Philippine Stock Exchange announced that it will be reverting to shortened trading hours starting Friday, Jan. 14, 2022, “in view of the surge in COVID-19 cases caused by the Omicron variant.” In a circular, PSE President Ramon S. Monzon said the bourse will have shortened trading hours...
The Department of Finance (DOF) said the government will finalize within this month the Strategic Investment Priority Plan (SIPP) of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) law. In a statement, Finance Secretary Carlos G. Dominguez III said on Wednesday, Jan. 12, that the...
San Miguel Corp. (SMC) has expanded its coastal clean-up drive to Calatagan and Balayan in Batangas, even as it prepares to start cleaning up the heavily-polluted Marilao-Meycauayan-Obando river system (MMORS) in Bulacan. In a statement, SMC said a total of 1,340 bags full of garbage were initially...
The Philippine Stock Exchange has cancelled trading for Tuesday, Jan. 3, after failing to resolve a technical issue that prevented 43 brokers from connecting to the bourse’s trading system. The PSE initially announced a delay in market opening “due to a technical issue that is currently being...
The New Year is upon us. On the crystal surface of the champagne we drank on New Year’s Eve, have we seen enough of ourselves to help us kick old habits, strengthen parts of us that had been weak, turn a new leaf, hug our enemies, and keep abusive, toxic people we loved at a distance? But...
The Philippine stock market benchmark index PSEi plunged 2.89 percent on the last trading day of 2021 to 7,122.63. This drop pulled the index to slightly lower than its 7,139.71 close in 2020 when the market was also reeling from the impact of the pandemic. The All Shares index shed 10.6 percent...
By Secretary Ramon M. Lopez Department of Trade and Industry Photo by Mark Ches Ang As we navigate through this COVID-19 pandemic, we have always worked on how we can balance the need to protect lives and livelihood. Building back better has been our objective, and we believe that we can sustain...
San Miguel Corporation (SMC) has activated its network in the Visayas and Mindanao regions to deliver truckloads of food to Odette-hit areas worth a total of P30 million so far. In a statement, the conglomerate said it has also dispatched fuel stocks at its Petron installations and, where possible,...
Solar Philippines Nueva Ecija Corporation (SPNEC), the developer of what is planned to be the largest solar project in Southeast Asia, has successfully made its trading debut on the Main Board of the Philippine Stock Exchange (PSE). The firm’s shares closed its first trading day at P1.01 per...
