Lottery firm Pacific Online Systems Corporation (POSC) is rethinking its investment into the online gaming business amid regulatory uncertainty due to government threats to ban Philippine inland gaming operators (PIGOs) if it gives rise to problems similar to that of Philippine offshore gaming...
The PSEi rallied on expectations of a US trade deal coupled with upbeat first quarter earnings reports. The main index jumped by 102.80 points or 1.64 percent to close at 6,354.99 with the Property sector and Banks leading the charge although the Services and Mining counters dropped. Volume rose to...
SM Investments Corporation, the flagship of the Sy family, remains optimistic in 2025 despite being mindful of the challenges posed by high interest rates and the volatile global trade environment. “With our unique ecosystem of businesses, our market-leading positions and our ability to invest...
Aboitiz Power Corp. (AboitizPower) reported a dip in its net income contribution to its parent, Aboitiz Equity Ventures, Inc. (AEV), during the first quarter of 2025. In a disclosure to the Philippine Stock Exchange on Tuesday, April 30, the company said lower prices in the Wholesale Electricity...
Aboitiz Power Corporation (AboitizPower) plans to raise up to ₱30 billion from a planned bond issuance, representing the initial tranche of its new three-year Shelf Registration program of up to ₱100.0 billion. Philippine Rating Services Corporation (PhilRatings) said it has assigned the...
The local stock market ended almost flat as investors continue to wait for fresh economic news amid uncertainty in the global front. The main index inched up 2.69 points or 0.04 percent to close at 6,252.19 with sectoral indices evenly mixed. Volume was still low at 622 million shares worth P4.88...
Growth may be easing this year for ACEN Corp., but the Ayala-led renewable energy (RE) firm expects to be propelled into acceleration by 2026, as several of its projects begin contributing. In a briefing with reporters, Jonathan Back, chief finance officer and chief strategy officer of ACEN,...
Ferronoux Holdings Inc. reported that not a single minority shareholder availed of the tender offer, as its market price is several times higher than the tender offer price of ₱2.22 offered by the controlling shareholder, Themis Group Corporation. In a disclosure to the Philippine Stock Exchange,...
Belle's Tagaytay Highlands resort The SM Group’s leisure developer and gaming firm Belle Corporation reported a five percent improvement in net income of ₱462.4 million in the first quarter of the year from the ₱439.7 million recorded for the same period in 2024. In a disclosure to the...
It’s a busy year for Aboitiz Power Corp. (AboitizPower), as it presented six renewable energy (RE) projects and a coal plant expansion up for completion by 2026. During an online briefing on Monday, April 28, Danel Aboitiz, AboitizPower’s president and chief executive officer (CEO), disclosed...
The local stock market declined as some investors took profits while waiting for fresh leads although this was partly offset by the start of window-dressing before April ends. The main index shed 19.25 points or 0.31 percent to close at 6,249.50, pulled down by the retreat of Banks while...
Due to its higher liquefied petroleum gas (LPG) sales, Pryce Corp. saw a 48-percent profit growth in the first quarter. In a disclosure to the Philippine Stock Exchange (PSE) on Monday, April 28, Pryce said its net income for the first three months of this year increased to ₱1.06 billion from...
