Investors in the local stock market will be looking out for the government’s release of the inflation and employment numbers which may determine whether the Philippine Stock Exchange Index (PSEi) can stay above the 6,700 level. “An inflation print (for January) lower than December 2023’s 3.9...
Landco Pacific Corporation president and CEO Erickson Y. Manzano, and construction management head Philip Baguisa received the ACES (Asia Corporate Excellence and Sustainability) Award 2023 for premium real estate developer as one of Asia's top performing companies. Landco Pacific...
With a history spanning 130 years, San Miguel Corporation (SMC), is one of the Philippines’ largest and most diversified conglomerates, with revenues equivalent to about 6.8 percent of the country’s gross domestic product (the country’s total economic output) in 2022. Originally founded in...
Megawide Construction Corporation has completed building the structure for housing developer 8990 Holdings’ 47-storey Urban Deca Cubao residential condominium. (L-R: Megawide Construction COO Frederick Tan, ECTA Principal Arch. Edward Co. Tan, Megawide Chairman & CEO Edgar Saavedra, 8990...
The local stock market bounced back as sentiment got a boost from upbeat US stocks while local investors anticipate a lower inflation rate for January. The PSEi jumped by 84.24 points or 1.27 percent to close at 6,707.25 as Banks led the rally although the Property sector retreated. Volume rose 448...
San Miguel Corporation (SMC) has committed to provide job opportunities to released persons deprived of liberty (PDLs), the Bureau of Corrections (BuCor) said on Friday, Feb. 2. In a statement, BuCor said that SMC President and Chief Executive Officer (CEO) Ramon S. Ang himself gave his commitent...
Jollibee Foods Corporation (JFC), one of the largest Asian food service companies, and Food Collective Pte. Ltd. (FCPL) have set up a joint venture company (JVCo) called FCJB Foods Inc. In a disclosure to the Philippine Stock Exchange (PSE), Jollibee said FCJB Foods will own and operate Tiong Bahru...
Alternergy Holdings Corp. has teamed up with Shanghai-based Envision Energy to acquire next generation wind turbine generators (WTG) for two wind power projects in Luzon. In a statement, Alternergy said that, following a rigorous tender process and thorough due diligence, Envision will be supplying...
The local stock market slipped on signals from the US Federal Reserve that rate cuts may come later than March. The main index lost 23.43 points or 0.35 percent to close at 6,623.01 as the Mining and Oil counter led the retreat while Banks bucked the trend. Volume dropped to 280 million shares...
The Philippine Stock Exchange (PSE) has approved the listing of the shares of Citicore Renewable Energy Corporation (CREC) to pave the way for its planned initial public offering (IPO) worth up to P12.94 billion. In a statement, the firm said it has received a notice from the PSE the Notice of...
Robinsons Land Corporation (RLC) recently unveiled its P25-billion property project, The Jewel. Positioned to become an architectural icon, The Jewel will strategically occupy a 2.5-hectare site at the corner of EDSA and Pioneer Street in Mandaluyong City. Top row: Jericho P. Go, SVP and business...
The local stock market closed higher but well below the day’s peak after the country’s economic growth came in below target but above analysts’ estimates. The main index added 24.43 points or 0.37 percent to close at 6,646.44 as the Property sector led the advance although conglomerates and...
