Diversified conglomerate San Miguel Corporation (SMC) reported that it has achieved a new milestone in its river cleanup advocacy, having removed a total of 6 million metric tons of silt and solid waste from various river systems in and around Metro Manila. In a statement, the firm said this...
AllDay Supermarket and AllHome Corporation, the publicly-listed retail units of AllValue Holdings owned by richest Filipino Manuel B. Villar Jr., reported strong profits for 2023. In a disclosure to the Philippine Stock Exchange, AllDay Supermarket (ALLDY), a leading player in the Philippines’...
Consumers’ pockets will experience slight reprieve this week, as oil prices will be on moderate rollback, according to the pricing advisories of the oil companies. The price of diesel products will be trimmed by P0.45 per liter; while gasoline prices will have marginal reduction of P0.25 per...
Filinvest Development Corporation (FDC), the investment holding company of the Gotianun family, is confident of achieving its earnings growth target of at least 20 percent in the next five years. During the firm’s annual stockholders’ meeting, FDC President and CEO Rhoda A. Huang said “FDC...
SM Investments Corporation (SMIC) reported that it is advancing meaningful discourse on climate action and fostering partnerships aligned with efforts to support the country’s commitment to address climate change. In a statement, the firm said it extended its support for the promotion of a low...
The local stock market is seen to focus on inflation and its impact on the US and domestic interest rates while also taking note of first quarter earnings reports. “This week, macroeconomic concerns are still expected to be present, primarily with respect to the Philippines’ inflation and...
Despite the decline in US stocks, the local bourse rose further on bargain hunting amid rosy first quarter earnings reports. The main index added 53.87 points or 0.82 percent to close at 6,628.75 led by the strong jump of the Industrial sector while the Services counter was slightly lower. Volume...
Zobel-controlled Ayala Corporation, the country’s oldest conglomerate, is raising its capital expenditure budget by 14 percent to P284 billion this year from P249 billion in 2023 as it is confident of surpassing last year’s record financial performance. Ayala Corporation stockholders' meeting....
Filinvest Land Inc. (FLI), the Gotianun Group’s listed property developer, has entered a joint venture with KMC Community Inc. (KMC), a global co-working space provider, to launch Our Space Solutions Inc. (OSSI). In a disclosure to the Philippine Stock Exchange, FLI said this strategic...
Philex Mining Corporation, one of the oldest and largest gold and copper producers in Southeast Asia, reported a 73 percent fall in core net income to P105 million in the first quarter of 2024 from the P388 million earned in the same period last year due to lower output. In a disclosure to the...
Sen. Raffy Tulfo has filed a resolution that seeks to investigate the alarming power supply issue hounding the country. Tulfo who chairs the Senate Committee on Energy, filed Senate Resolution No. 1008 following the declaration of red and yellow alerts in the Luzon, Visayas, and Mindanao grids. A...
Ayala Land's industrial parks and real estate logistics arm, Ayala Land Logistics Holdings Corporation (ALLHC), is making significant strides towards sustainable development by shifting its cold storage facilities to renewable energy sources. This move aligns with ALLHC's commitment to...
