The Energy Regulatory Commission (ERC) has primarily issued warning on system operator National Grid Corporation of the Philippines (NGCP) and market operator Independent Electricity Market Operator of the Philippines (IEMOP) that they could be meted with penalties if they will not strictly comply...
Del Rosario-led PHINMA Corporation reported that its consolidated net income inched up 1.3 percent to P490.9 million in the first quarter of 2024 from the P484.56 million earned in the comparative period last year. In a disclosure to the Philippine Stock Exchange, the firm said core consolidated...
Yuchengco-led Rizal Commercial Banking Corporation reported that it has disbursed over P1 billion from its digital salary advance facility called RCBC Payday NOW in the first nine months since its full-scale launch. In a statement, the bank said RCBC Payday Now is a salary advance feature available...
Lower than anticipated inflation in the US for April boosted local stocks as investors again raise their hopes for an interest rate cut. The main index jumped 69.57 points or 1.06 percent to close at 6,628.20 as the interest rate sensitive Property sector surged while Banks declined. Volume rose to...
Diversified conglomerate San Miguel Corporation (SMC) reported that its net income surged 61 percent to P14.5 billion (before accounting for foreign exchange adjustments) in the first quarter of 2024 versus the same period last year. In a disclosure to the Philippine Stock Exchange, the firm...
Tycoon Andrew Tan’s holding company Alliance Global Group Inc. is infusing P2.61 billion into property development subsidiary Megaworld Corporation through subscription of new shares. In a disclosure to the Philippine Stock Exchange, AGI said its Board of Directors has approved the subscription...
The local stock market dropped as investors exercised caution ahead of the Bangko Sentral ng Pilipinas meeting in Thursday. The main index lost 49.73 points or 0.75 percent to close at 6,558.63 as Conglomerates led the retreat with only the Industrial sector advancing. Volume improved to 464...
Filinvest Development Corporation (FDC), the investment arm of the Gotianun Group, reported a 36 percent hike in attributable net income to P2.9 billion in the first quarter of 2024 from P2.2 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said...
Reinforced by the company’s strategies anchored on cost management strategies and injecting efficiency across its supply chain, the first quarter financial performance of Shell Pilipinas Corporation this year leaped to P1.4 billion from P800 million within the comparative three-month stretch in...
Security Bank Corporation posted an 11 percent year-on-year improvement in net profit to P2.6 billion in the first quarter of 2024, reflecting growth in its retail and MSME businesses. In a disclosure to the Philippine Stock Exchange, the bank said total revenues increased 27 percent to P12.5...
The Department of Human Settlements and Urban Development (DHSUD) is eyeing the establishment of what it described as moden mass housing within the vicinities of Clark Special Economic Zone (CSEZ) and the Clark Freeport Zone (CFZ) in a bid to support the manpower needs for the economic development...
With recent increases in the green energy firm’s financial revenues, Alternergy Holdings Corp. is confident that its renewable energy (RE) projects will propel its energy capacity to new heights, overcoming any potential challenges. In a recent briefing at the Philippine Stock Exchange...
