Belle Corporation is seeking to buy all P4.6 billion worth of minority-held shares of the highly-profitable gaming subsidiary Premium Leisure Corporation (PLC) with the intent of voluntarily delisting it from the Philippine Stock Exchange. In a disclosure to the PSE, PLC said it was “informed of...
Jollibee Foods Corporation (JFC), one of the largest food service companies in Asia, is planning to raise up to P8 billion from a domestic preferred share offering to refinance maturing obligations. In a disclosure to the Philippine Stock Exchange (PSE), the firm said its Board of Directors has...
European firm Mainstream Renewable Power (Mainstream) has signed service contracts with the Department of Energy (DOE) for two greenfield onshore wind power projects to be developed separately at demarcated sites in Luzon and Visayas grids. The service contracts were secured by Mainstream on 100%...
Motorists will have slight relief in their pockets this week as the price of gasoline products will be on P0.50 per liter rollback; while diesel prices will be pared by P0.25 per liter, according to the pricing advisories of the oil companies. Additionally, for kerosene which is a vital commodity...
The Gokongwei Group’s property development arm Robinsons Land Corporation (RLC) reported a 24 percent growth in attributable net income to P12.06 billion last year despite lower revenues and a slower fourth quarter profit growth of seven percent growth to P3.22 billion. In a disclosure to the...
Copper producer Atlas Consolidated Mining and Development Corporation reported a 65 percent fall in consolidated net income to P1.1 billion last year from P3.2 billion in 2022. Mining operations conducted by Carmen Copper Corporation In a disclosure to the Philippine Stock Exchange, the firm said...
While selling pressures remain after a 7-week rally, the local stock market is seen to remain bullish and may again try to breach the 7,000 level especially if US inflation data as well as local corporate earnings, remittances and foreign direct investments figures boost investor sentiment....
The PSEi made a strong bounce after a healthy correction as investors picked up cheaper stocks. The main index jumped 104.87 points or 1.53 percent to close at 6,942.21 as the Property sector led the advance while Mining and Oil lagged behind. Volume dipped to 548 million shares worth P4.86 billion...
Real estate firms PH1 World Developers (PH1WD), a unit of Megawide Construction Corporation, and ProFriends have forged a joint venture Famtech Properties (Famtech) to develop a property in Imus City, Cavite. COLLABORATION SEALED: PH1WD project director Spike Ching (from left), PH1WD President Gigi...
Zobel-controlled Ayala Corporation, the country’s oldest conglomerate, announced that it has renamed its subsidiary AC Motors to ACMobility as part of the unit’s rebranding to become an end-to-end mobility provider. “This rebrand of AC Motors to ACMobility reflects the transformation of...
TORONTO – The Nuclear Energy Program Inter-Agency Committee (NEPIAC) led by the Department of Energy (DOE) is seeking the concurrence of the Department of Finance (DOF) to a proposed deal with the South Korean government on a new feasibility study that must be undertaken to re-assess technical...
The local stock market dropped on signs that interest rates in the US and Philippines are not going to be cut soon as many investors had hoped. The main index lost 41.20 points or 0.60 percent as the rate-sensitive Property sector led the retreat while the Services counter managed to advance. A...
