The Zobel family-controlled Ayala Corporation, the country’s oldest conglomerate, reported that it will be increasing its group-wide capital expenditures (capex) budget for 2024, higher than the P250 billion it actually spent last year. “We estimated the figure to be higher compared to...
It will be financially burdensome for consumers again at the petroleum pumps this week, as the price of gasoline products will substantially rise by P1.60 per liter; while diesel will be up by P1.10 per liter, according to the pricing advisories sent by the oil companies. Additionally, the price of...
While there is already some selling pressure, the local stock market is seen to retest the 7,000 resistance level this week as sentiment remains bullish on the back of good economic numbers. Philstocks Financial Research Manager Japhet Tantiangco said, “the local market remained bullishly...
The Zobel-controlled Ayala Group continues to beef up its warchest and hopes to raise $250 million to $400 million from the divestment of its smaller investments as it focuses on the expansion of its ventures into renewable energy, electric vehicles, healthcare, and logistics. In an interview,...
Expect an improved travel experience at the country’s main airport, as the National Economic and Development Authority (NEDA) said the private-sector-led rehabilitation will lead to reduced wait times and fewer flight delays. NEDA Secretary Arsenio M. Balisacan said the launch of the P170.6...
The local stock market closed slightly lower as some investors locked in gains made during the week. The main index shed 8.92 points or 0.13 percent to close at 6,873.23 with sectoral indices evenly divided. Volume was low at 1.48 billion shares worth P4.58 billion as gainers edged out losers 85 to...
President Marcos’ chief economic manager welcomed the decision to award the long-overdue Ninoy Aquino International Airport (NAIA) rehabilitation project to a private sector consortium. Finance Secretary Ralph G. Recto said that the P170.6 billion NAIA rehabilitation project represents the...
Senator Grace Poe says the winning bidder for the operations and maintenance of the Ninoy Aquino International Airport (NAIA) and Manila International Airport Authority (MIAA) is set to face a "herculean task". Poe, who chairs the Senate Committee on Public Services, welcomed on Friday, Feb. 16 the...
The local stock market moved up on the back of higher US equities while investors were optimistic about the result of the central bank’s Monetary Board policy meeting. The PSEi added 27.62 points or 0.40 percent to close at 6,882.15 as Industrials led the advance while the Property sector was the...
The Energy Regulatory Commission (ERC) is requiring power utility giant Manila Electric Company (Meralco) to file a formal application for the pass-on of fuel charges that shall be reckoned from the new gas sale and purchase agreement (GSPA) that First Gen Corporation had signed with the Malampaya...
Surigao del Norte 2nd district Rep. Robert Ace Barbers (Screenshot from Zoom) A lawmaker in the House of Representatives has called on the Bureau of Internal Revenue (BIR) to file a tax evasion case against vape brand Flava Corporation, which allegedly has P728...
When it comes to Mediterranean food and culture, a new level of experience awaits. As one of the highly influential types of cuisine primarily for its abundant use of plant-based ingredients, it’s also widely celebrated for using the century-old olive oil in its various recipes. From fresh...
