Merry Mart Consumer Corporation is aiming to close 2024 with 500,000 customers in its MM Wholesale eCommerce platform after reporting that its customer base already consists of 200,000 registered members. In a disclosure to the Philippine Stock Exchange (PSE), the firm said it is continuously...
The local stock market inched up to the 6,900 level although some investors have started profit-taking. The main index added 5.79 points or 0.08 percent to close at 6,903.15 with sectoral indices equally divided. Volume was stable at 529 million shares worth P4.92 billion as gainers outnumbered...
The planned P6.75 billion acquisition of ABS-CBN Corporation’s Sky Cable by PLDT Inc. will no longer push through as both parties have mutually decided not to proceed with the transaction for undisclosed reasons. “Following this development, Sky Cable is pleased to announce that its...
Maria Rochelle S. Diaz, executive vice president for commercial of Shang Properties Inc., Wolfgang Krueger, executive director of Shang Properties Inc., Lance Gokongwei, chairman of Robinsons Land Corporation, Atty. Karlo Marco P. Estavillo, president of Shang Robinsons Properties Inc., Mybelle...
(Unsplash) The House Committee on Ways and Means has asked the Department of Trade and Industry (DTI) and the Bureau of Internal Revenue (BIR) to immediately cancel the business permit and manufacturing license of vape company Flava...
New Toyota Motor Philippines (TMP) President Masando Hashimoto vowed to integrate local manufacturing in strong collaboration with local parts makers for the production of Filipino-made vehicles. Hashimoto, who is Toyota Philippines’ youngest president yet, made this commitment during the...
The Philippine Stock Exchange Index (PSEi) rose on the back of strong corporate earnings as well as hopes that the Bangko Sentral ng Pilipinas (BSP) will cut rates soon. The main index moved up 42.70 points or 0.62 points to close at 6,897.36 as the Property counter led with a strong recovery while...
Billionaire Jaime Augusto Zobel de Ayala (JAZA), chairman of the country’s oldest conglomerate Ayala Corporation, is optimistic the Philippines has the momentum to "maintain its position as one of the region’s fastest growing economies this year.” “We enter 2024 optimistic that inflation...
The local stock market rebounded after two days of profit taking on renewed rate cut hopes. The main index rose by 56.05 points or 0.82 percent to close at 6,854.66 as the Services sector led the advance although the Industrial and Mining counters continued to retreat. Volume improved to 520...
Food service chain owner Goldilocks Bakeshop Inc., one of the SM Group’s portfolio investments, is ramping up its store openings by 46 percent to 60 in 2024 to further increase its nationwide presence. In a statement, SM Investments Corporation (SMIC) said Goldilocks opened 41 stores in...
A wholly owned subsidiary of Manila Water Co. Inc. plans to invest in new infrastructure to deliver high-quality and sustainable water and wastewater services within the Clark Freeport Zone (CFZ) in Pampanga. In a statement, Manila Water said that its subsidiary, Clark Water, operating under Manila...
The local stock market fell as investors continued to take profits made during the recent rally. The main index lost 74.62 points or 1.09 percent close at 6,798.61 as the Property counter led all sectors in the retreat. Volume was thin at 637 million shares worth P4.22 billion as losers whalloped...
