The local stock market fell due to less than favorable US economic data which further supported growing concern that interest rate cuts are not coming soon. The main index plunged by 145.64 points or 2.09 percent as the Property sector led the retreat while the Mining and Oil counter was the only...
ABS-CBN Corporation, the Philippines' leading content provider, has marked another milestone by being the first to distribute an Arabic-dubbed Filipino drama series to tap the rising video-on-demand platforms in the Middle East. The firm said its content is being distributed in the Middle East...
SMIC expansion to focus more outside NCR By James A. Loyola The Sy family’s flagship SM Investments Corporation (SMIC) is increasing its focus on the countryside as it continues to see potential for regional development and targeted high growth sectors. In a statement, the firm said...
Countryside Investments Holdings Corporation (Countryside), a company wholly owned by Leandro Leviste, is investing over P5 billion to help propel the development of rural Batangas. In a statement, Leviste said this will be done in partnership with his renewable energy firm Solar Philippines Power...
Leisure estate developments have begun seeing an unprecedented surge in demand, particularly over the last several years. Driven primarily by changing preferences and lifestyles postpandemic, this demand has been prompted by a discerning market that places greater emphasis on wellbeing,...
Diversified conglomerate San Miguel Corporation (SMC) is optimistic it will sustain this year’s strong financial performance as its major investments continue to benefit from the country’s economic growth. In a statement, SMC reported a strong performance in 2023 with consolidated net income...
The Philippine Health Insurance Corporation (PhilHealth) said they can now entertain round-the-clock calls at its new hotline (02) 8662-2588 and mobile numbers 0998-8572957, 0968-8654670, 0917-1275987 and 0917-1109812. PhilHealth PhilHealth said the contact numbers are all available “24...
The local stock market moved sideways with a downward bias but managed to end a few points higher on late bargain-hunting. The main index inched up by 2.45 points or 0.04 percent to close at 6,967.96 although only Conglomerates and Property firms advanced. Volume rose further to 891 million shares...
Electronic cigarettes or vape worth P75 million in deficiency taxes were seized during a warehouse raid in San Pablo City, Laguna, the Bureau of Internal Revenue (BIR) reported Thursday, March 14. BIR Commissioner Romeo D. Lumagui Jr. said that a raid led by the Philippine National Police Criminal...
Universal Robina Corporation (URC), the Gokongwei Group’s food and beverage manufacturer, reported a 12 percent decline in net income to P12.8 billion last year due to higher earnings from gain on land sale in 2022 while core profit actually increased. In a disclosure to the Philippine...
Security Bank Corporation and Helios, the country's pioneering climate fintech firm behind the innovative solar mortgage program, have joined hands to include solar panels in housing loans. “By leveraging each other’s strengths, we aim to position our solar mortgage offering not merely as an...
Ayala-led ACEN Corporation has clinched ‘B’ rating from CDP, a non-profit global entity which is authoritatively handling the disclosure platform for climate change impacts of investors, corporates and even government instrumentalities like cities and states. According to the company, its new...
