Bigger margins and higher sales have led to a surge in the 2023 net earnings of Concepcion Industrial Corporation (CIC), the country’s leading provider of consumer lifestyle, building and industrial solutions. In a disclosure to the Philippine Stock Exchange (PSE), the firm said its strong...
The local stock market dipped as investors wait for tomorrow’s announcement of the country’s last gross domestic product report for 2023. The main index shed 8.67 points or 0.13 percent to close at 6,622.01 with sectoral indices evenly mixed. Volume was still low at 550 million shares worth...
Ayala Land Inc. and its real estate investment trust AREIT Inc., reported of having the largest EDGE (Excellence in Design for Greater Efficiencies) Zero Carbon certified office portfolio in the Philippines after eight of their buildings were certified. In a disclosure to the Philippine Stock...
Jollibee Foods Corporation continues to expand its presence overseas and announced that it has opened the 100th store of its flagship Jollibee brand in North America located in Strawberry Hill, British Columbia, Canada. . Jollibee recently opened its 100th North America store in Surrey,...
The local stock market lost ground as investors held on to cash while waiting for economic news here and overseas. The main index dropped 55.41 points or 0.83 percent to close at 6,630.68 with the Mining and Oil sector leading the retreat. Volume was thin at 303 million shares worth P4.22 billion...
After a general meeting with employees, the management of Nine Media Corporation (NMC) formally announced that it is shutting down CNN Philippines due to losses it had been incurring for years. In a statement, the firm said it will discontinue the news and production operations of CNN Philippines...
China Banking Corporation (Chinabank) has upgraded its Customer Contact Center (CCC) solution with Genesys Cloud, a suite of cloud services for enterprise-grade communications, collaboration, and contact center management. The bank said this is part of its ongoing digital transformation to...
This week, local stock market investors will be taking cues from the US Federal Reserve meeting as well as Philippine fourth quarter gross domestic product (GDP) data. “Investors face an eventful trading week that could determine whether the local index finally breaks out of the strong resistance...
The National Grid Corporation of the Philippines (NGCP) celebrated the completion of the Mindanao-Visayas Interconnection by turning on the power in Manila, Cebu, and Lanao del Norte at the same time, marking the start of full commercial operations for the interconnection. The NGCP conducted a...
In my five years of experience in the real estate industry, I've observed a growing trend among investors who prefer acquiring properties without paying in cash. Developers are increasingly offering pre-selling projects, allowing buyers to lock in prices and make manageable monthly payments....
San Miguel Corporation (SMC) reported that it has removed more than two million metric tons (MT) of silt and waste covering a distance of around 25 kilometers of river channels in Bulacan in a little over a year. The firm said it is initially focusing in areas around the future New Manila...
President Marcos has called on the country's energy players to ensure reliable power supply and prevent a recurrence of the Panay Island blackout that happened early this year, as this will lead to economic losses. President Ferdinand 'Bongbong' Marcos Jr. (Malacañang photo) Marcos said this as...
