Real estate giant Ayala Land Inc. (ALI) is planning to issue P6 billion worth of Sustainability-linked Bonds, which has been assigned the highest Issue Credit Rating of PRS Aaa by Philippine Rating Services Corporation (PhilRatings). In a statement, PhilRatings said the proceeds of the proposed...
Pangilinan-led SP New Energy Corp (SPNEC) is targeting to conclude sell-down of up to 40% of its shareholdings to foreign firms that will be willing to infuse capital into its 3,500-megawatt Terra Solar power project to be integrated with 4,500-megawatt hours (MWh) of energy storage system....
The local stock market weakened after the government reported that the inflation rate rose again in April. The main index shed 33.91 points or 0.51 percent to close at 6,618.58 with sectoral indices evenly divided. Volume jumped to 7.9 billion shares worth P11.5 billion as losers beat gainers 98 to...
Gotianun-led EastWest Bank (EW) reported that its net income inched up six percent to P1.7 billion in the first quarter of 2024 from the P1.6 billion registered in the same period last year. In a disclosure to the Philippine Stock Exchange, the bank said the growth is backed by its consistent...
The upturn in sales had propelled 16 percent rise in the first quarter net income of leading player Petron Corporation to P3.93 billion from last year’s three-month outcome of P3.4 billion. Petron indicated that the profitability climb had been registered across operational chains of the...
LOPEZ HOLDINGS CORPORATION will be conducting its annual meeting of stockholders on June 21, 2024, Friday at 10:00 AM virtually through https://conveneagm.com/ph/lpzasm2024 A copy of the official announcement published in Manila Bulletin broadsheet is shown below:
The local stock market rose a day before the government releases the April inflation data as upbeat first quarter corporate results start trickling in. The main index hiked 36.94 points or 0.56 percent to close at 6,652.49 led by the Industrial sector while the Property counter remained weak....
As coal prices in the world market cooled, the net income of Semirara Mining and Power Corporation (SMPC) dropped 28% to P6.5 billion within first quarter this 2024 from a relatively robust P9.0 billion earnings in the same three-month period last year. “Global coal indices declined due to weak...
China Banking Corporation, a member of the SM Group, reported an 18 percent growth in net income to P5.9 billion in the first quarter of 2024 compared to the same period last year, on the robust growth of its core businesses. In a disclosure to the Philippine Stock Exchange, the bank said the...
Security Bank Corporation is planning to raise fresh funds through the issuance of US dollar-denominated senior unsecured notes and is probing the debt market to gauge its interest in the securities. In a disclosure to the Philippine Stock Exchange, the bank said it has mandated MUFG and UBS...
With its power generation assets as income driver, this year’s first quarter earnings of Aboitiz Power Corporation jumped by 4.0% to P7.9 billion from year-ago level of P7.5 billion within comparative period in 2023. Without the non-recurring items, the company qualified that its profits would...
Consumers’ trip to the petroleum pumps will be less painful this week, as the oil companies implemented relatively significant rollback in prices. Based on the pricing adjustment notices of the industry players, the price of diesel products will be trimmed by P0.90 per liter, gasoline by P0.75...
