Axelum Resources Corp., the country’s leading fully-integrated manufacturer and exporter of best-in-class coconut products, has opened a hospital in Misamis Oriental. In a disclosure to the Philippine Stock Exchange (PSE), the firm said it has unveiled its most significant infrastructure and...
The PSEi opened the new trading year with a bang as optimistic investors trickled back into the market. The main index surged 104 points or 1.61 percent to close the first trading session at 6,554.04 as Conglomerates and Services rallied to offset the decline of the Property and Mining counters....
Jollibee Foods Corporation (JFC), one of Asia’s largest food service companies, has raised its stake and investments in its Singapore-based investment arm by S$100 million or about $75.62 million to fund the expansion of Tim Ho Wan and other overseas brands. In a disclosure to the Philippine...
The Gotianun Group’s investment holding company Filinvest Development Corporation (FDC) has secured the approval of the Securities and Exchange Commission (SEC) for its upcoming P10 billion bond issuance. In a disclosure to the Philippine Stock Exchange (PSE), the firm said the SEC has...
SP New Energy Corp. (SPNEC) has commenced the construction preparations for Terra Solar Philippines, Inc.'s solar project in Nueva Ecija and Bulacan. In a statement on Monday, Jan. 1, SPNEC said it began clearing the site for the 3,500-hectare solar project, which will be owned by its subsidiary...
The Philippine Stock Exchange (PSE) expects to raise P175 billion worth of capital in 2024 amid a more upbeat equities market with six companies seen to launch their initial public offerings (IPO) this year compared to just three in 2023. “Our capital raising forecast is P175 billion, around P40...
The drive at the start of the year will bring slight cheers to motorists as the price of diesel products will be on a moderate rollback of P0.35 per liter; while gasoline prices will have a marginal reduction of P0.10 per liter, according to the price adjustment advisories of the oil companies. In...
Government subsidies to state-owned companies increased in November, with the majority of the funds being allocated to the National Irrigation Administration (NIA) and the National Food Authority (NFA). Data from the Bureau of the Treasury showed that government-owned and -controlled corporations...
The local stock market fell on its last trading day of the year as investors preferred to hold on to cash during the long weekend. The PSEi lost 69.07 points or 1.06 percent to close at 6,450.04, dragged down by Conglomerates which fell 3.41 percent. Volume rose to 1.12 billion shares worth P4.88...
Pacific Online Systems Corporation, the lottery unit of Willy Ocier-led Belle Corporation, reported two “game-changing” milestones in 2023. In a disclosure to the Philippine Stock Exchange (PSE), the firm said its first achievement is the successful launch of the first-ever official E-Lotto of...
The local stock market returned to the 6,500 level as share prices rode on positive sentiment in the US bourses. The main index rose by 56.31 points or 0.87 percent to close at 6,519.11 as the Industrial sector led all counters in the advance. However, volume dropped to 385 million shares worth...
Megaworld Corporation and its real estate investment trust MREIT Inc. have agreed to move back their planned asset-for-share swap to May 31, 2024 from the original target of sometime in the third quarter of 2023. In a disclosure to the Philippine Stock Exchange (PSE), MREIT said this is regarding...
