The Philippine Health Insurance Corporation (PhilHealth) approved an increase in the capitation rate for its “Konsulta” program to P1,700 per patient per year, the Department of Health (DOH) confirmed in a statement on Thursday, March 14. Photo from PhilHealth The PhilHealth board also approved...
After its acquisition from ABS-CBN Corporation by PLDT Inc. was scrapped, Sky Cable Corporation has renewed its drive to woo more subscribers with the launch of internet plans aimed at local small businesses. SKYBIZ, the business solutions arm of SKY, has launched its boosted BIZBB broadband plan,...
The local stock market jumped on continued bargain hunting as sentiment was boosted by gains in the US. The main index rose by 85.92 points or 1.25 percent to close at 6,965.51 as the Property sector led the rally across the board. Volume grew to 700 million shares worth P6.47 billion as gainers...
Zobel-controlled Ayala Corporation, the country’s oldest conglomerate, reported a 48 percent jump in core net income (which excludes one-off items) to a record P41 billion last year on the back of the strong performances of its banking, real estate, and power businesses. In a disclosure to the...
Mining and power firm Nickel Asia Corp. of the Zamora family saw a 53 percent drop in audited attributable net income to P3.7 billion last year from P7.9 billion in 2022 as nickel ore prices were lower due to the increase in Indonesian nickel production. In a disclosure to the Philippine...
TORONTO – Investors who are seriously looking at infusing heavy capital for nuclear power projects in the Philippines are decisively assessing concerns on siting as well as certainty of regulatory frameworks being the challenges that could make or break a deal in the resurgence of this...
The local stock market inched up mainly due to the jump in the share price of index heavyweight PLDT plus some bargain hunting. The main index added 7.35 points or 0.11 percent to close at 6,879.59 as the Services sector led with a 2.04 percent gain which offset the decline of Banks and...
Jollibee Foods Corporation (JFC), one of the largest Asian food service companies, is investing P20 billion to P23 billion for capital expenditures this year as it projects to sustain its growth to record-breaking levels in 2024. In a disclosure to the Philippine Stock Exchange, the firm said capex...
The Sy family-controlled SM Prime Holdings, Inc., one of the leading integrated property developers in Southeast Asia, is planning to raise up to P25 billion from the first tranche of its P100 billion bonds to be shelf-registered with the Securities and Exchange Commission. In a disclosure to the...
Department of Health (DOH) Secretary Teodoro Herbosa on Tuesday, March 12 issued a directive to the Philippine Health Insurance Corporation (PhilHealth) to bolster the primary care benefits offered through its “Konsulta” benefit package across the country. (Photo from DOH) In line with...
The local stock market lost the bulk of last Friday’s gains after US bourses closed lower. The main index fell 69.97 points or 1.01 percent to close at 6,872.24 as the Property sector led the retreat across the board. Volume dropped to 507 million shares worth P3.76 billion as losers trounced...
Robinsons Land Corporation (RLC) has expanded the gross floor area of Robinsons Metro East by 4,000 square meters with the opening of The Link which connects the mall to the The Pasig-Marikina Station of the Light Rail Transit Line 2 (LRT-2). In a statement, the firm said it has formalized the...
