Metro Pacific Investments Corporation, through Metro Pacific Agro Ventures Inc. (MPAV), is seeking to at least double its dairy and greenhouse operations while looking to acquire another coconut-based business and large tracts of agricultural land in Mindoro. MPIC Chairman, President and CEO Manuel...
The conflict in the Middle East is seen to continue to weigh on the local stock market which is now near its 6,400 support level and showing bearish technical indications. “With last week’s drop, the market is now at even more attractive levels. Hence, episodes of bargain hunting could be seen...
Senator Raffy Tulfo stressed the need for intensified monitoring from the Department of Energy (DOE), National Grid Corporation of the Philippines (NGCP), and generation companies of power plants to avoid recurring brownouts. Tulfo, who chairs the Senate Committee on Energy, mentioned this as he...
BACOLOD CITY – PrimeWater Infrastructure Inc. has unveiled two projects to bolster the water supply of households in the northern part of this city by a total of four million liters per day (MLD). The groundbreaking of the Forbes Hill Water Source Interconnection and the Highland Hills projects...
Axelum Resources Corporation, the country’s leading fully-integrated manufacturer and exporter of premium coconut products, has signed a multi-year supply deal initially valued about P20 billion with The Vita Coco Company, Inc., one of the world’s largest coconut water brands, on strong global...
Tycoon Andrew Tan’s township developer Megaworld Corporation has raised P500 million from the sale of shares in its real estate investment trust MREIT Inc. In a disclosure to the Philippine Stock Exchange, Megaworld said it sold 40.65 million MREIT common shares under a block sale transaction at...
The local stock market added to the previous day’s gains as bargain hunters were emboldened by the support the PSEi found at the 6,400 level. The main index rose by 73.15 points or 1.13 percent to close at 6,523.19 with the Services sector leading the advance while Miners retreated. Volume grew...
Bloomberry Resorts Corporation, the owner and operator of Solaire Resort Entertainment City, expressed optimism about its growth in the coming years on the back of the growth of the domestic economy and strong tourist arrivals. Bloomberry Chairman Enrique K. Razon Jr. “The next few years present...
The Maharlika Investment Corp. (MIC) unveiled its new company logo that aims to symbolize dedication to building a prosperous future for the Philippines. Inspired by the majestic Philippine Eagle, the state-run firm governing the Maharlika Investment Fund (MIF) said the logo embodies strength and...
China-headquartered Trina Solar, which has suite of businesses on solar photovoltaics (PVs) and energy storage solutions, will be providing solar cell panels to underpin the commercial developments of the solar projects of PetroGreen Energy Corporation (PGEC), the renewable energy investment arm of...
The local stock market finally eased from its steep 9-day plunge after bargain hunters stepped in to pick up cheaper stocks. The main index added 45.07 percent or 0.70 percent to close at 6,450.04 as Banks led the advance while the Property counter continued to fall. Volume was lower at 595 million...
The Alcantara family’s holding company Alsons Consolidated Resources, Inc. (ACR) has received a high Issuer Credit Rating rating of PRS Aa minus (corp.), with a Stable Outlook, for its P3.0 billion Commercial Paper (CPs) Program. In a statement, Philippine Rating Services Corporation...
