The local stock market ended the week on a positive note following the release of better-than-expected economic growth numbers in the US. The main index added 12.59 points or 0.19 percent to close at 6,686.09 although sectoral indices were evenly divided. Volume surged to 2.88 billion worth P13.58...
President Marcos lauded the full energization of the Mindanao-Visayas Interconnection Project (MVIP) as this endeavor unifies the country's power system and opens socioeconomic opportunities in the two islands. UNIFIED PH POWER SYSTEM — President Ferdinand 'Bongbong' Marcos Jr. (center) leads the...
EEI Corporation, one of the country’s leading construction firms, expects new opportunities to open up for the company and Filipino workers in Saudi Arabia which has launched its Vision 2030 masterplan for economic growth. Vision 2030 is Saudi Arabia’s masterplan to transform and diversify its...
The local stock market took a breather after a three-day rally while investors wait for US economic data. The main index shed 6.46 points or 0.10 percent to close at 6,673.50 as the Mining and Oil sector continued to drop while Banks and Industrials stayed in the green. Volume was low at 684.77...
Higher margins amid declining liquefied petroleum gas (LPG) prices translated into a record net income for Pryce Corporation which reported a profit growth of 31.58 percent to P2.22 billion in 2023 from P1.69 billion in 2022. In a disclosure to the Philippine Stock Exchange (PSE), the firm said,...
Mariana Zobel de Ayala, executive director of the country’s oldest conglomerate Ayala Corp., said the catastrophic impact of the ongoing climate change requires corporations to take drastic steps to counter this as they can longer go on with “business as usual.” “It is our belief that...
The local stock market continued to regain lost ground, rising for the third day on the optimistic outlook for remittances. The main index rose 58.08 points or 0.88 percent to close at 6,679.96 as Banks led the rally although Miners lagged behind. Volume also improved to 343 million shares worth...
Food and beverage firm RFM Corporation is optimistic about 2024 as it reported that the drop in raw material costs coupled with higher sales resulted in higher earnings last year—prompting it to declare P250 million in cash dividends. RFM Chief Executive Jose Ma. A. Concepcion III disclosed to...
Ayala-led ACEN Corp., through its joint-venture company UPC Power Solutions LLC, announced the successful acquisition of a renewable asset in Pennsylvania, United States. In a disclosure to the Philippine Stock Exchange on Wednesday, Jan. 24, ACEN said that UPC Power Solutions has completed...
The PSEi returned above the 6,600 level as investor sentiment was boosted by the rise in US stocks. The main index added 38.41 points or 0.58 percent to close at 6,621.88 as the Property counter led the advance across the board. Volume inched up to 775 million shares worth P4.76 billion as gainers...
Monde Nissin Corporation’s meat alternative business, under the brand Quorn, continues to be a drag in the company’s financial performance in 2023 and has been offsetting growth in other segments. In a disclosure to the Philippine Stock Exchange, Monde Nissin said “Our Meat Alternative...
Monde Nissin Corporation announced that preliminary figures for the fourth quarter will translate to single-digit growth in revenues even though its meat alternative business continues to be a drag. In a disclosure to the Philippine Stock Exchange, Monde Nissin said expectations are based on...
