Chinabank Capital Corporation, the investment house of China Banking Corporation, was named as the Best Bond Adviser in the Philippines by The Asset for the 8th straight year. In a statement, the bank said “Chinabank Capital remains unmatched by local investment houses in effectively structuring...
The Department of Finance (DOF) announced that the Clark Development Corp. (CDC) significantly increased its cash dividends to the government coffers for last year. On Monday, March 25, Finance Secretary Ralph G. Recto received a P1.8 billion check from CDC, reflecting the firm's dividend...
Yuchengco-led PetroGreen Energy Corp. (PGEC) secured a P834 million loan from Rizal Commercial Banking Corp. (RCBC) for its solar power project in Dagohoy, Bohol. The amount will be used for the construction of the 27-megawatt renewable energy project, which is expected to be complete by fourth...
The local stock market declined as investors wait for fresh cues from the US. The main index dropped 28.87 points or 0.42 percent to close at 6,853.10 as Banks led the retreat with only Conglomerates holding on to gains. A total of 553 million shares worth P5.48 billion were traded as losers beat...
Upson International Corporation, a leading IT retailer in the Philippines, reported that its net income dropped 13.7 percent to P464.2 million last year as a result of lower gross margin and pre-opening cost of new branches. In a disclosure to the Philippine Stock Exchange (PSE), the firm reported...
As the country’s power supply is still at its wobbly state, the Department of Energy (DOE) guaranteed that it will conscientiously monitor the overall operations of the power grid so consumers can be alerted on any service interruptions and for relevant industry players to correspondingly sort...
The local stock market is seen moving sideways as it benefits from quarter-end window dressing and some bargain hunting although cautious investors may opt to hold on to cash ahead of the long Easter weekend. “At 6,881.97, the local market is still at attractive levels with a price-to-earnings...
Power rates have recently gone up this month due to the ancillary services (AS) charged by the National Grid Corporation of the Philippines (NGCP). MORE Power reported on Saturday, March 23, that consumers will experience a P0.06 per kilowatt hour (kWh) increment owing to AS, which secure the power...
Erickson Y. Manzano, president and CEO, Landco Pacific Corporation; Arch. Ernesto Zabarte, director of architecture, Broadway Malyan; Former Chief justice Hon. Artemio Panganiban, lead independent director of Metro Pacific Investments Corporation; Marycris Panganiban, chief finance officer, Landco;...
Multinational subsidiary Shell Pilipinas Corporation closed 2023 with earnings slowing down to P1.2 billion compared to the previous year’s rosier bottom line of P4.1 billion. The company indicated that its financial performance last year still placed the company on a solid footing - propelling...
The local stock market pulled back from the previous day’s spike as investors cashed out ahead of the weekend marking the start of the Holy Week when many are expected to go on vacations. The Philippine Stock Exchange Index (PSEi) fell 82.25 points or 1.17 percent to close at 6,881.97 as the...
Diversified conglomerate San Miguel Corporation (SMC) reported that it has logged its highest water savings yet in five years, under its “Water for All” flagship water sustainability program. In a statement, the firm also reported significant progress in its ongoing massive effort to...
