Construction giant EEI Corporation (EEI) has signed a Memorandum of Understanding (MOU) for the purchase of machinery from ZL Machinery Philippines Inc. and Chinese construction machinery maker Zoomlion Heavy Industry Science & Technology Co., Ltd. (ZHIST). In a disclosure to the Philippine...
The Bangko Sentral ng Pilipinas (BSP), through a Monetary Board Resolution, has approved the planned merger of Bank of the Philippine Islands (BPI) and Robinsons Bank Corporation (RBC). In a disclosure to the Philippine Stock Exchange (PSE), Ayala-led BPI said that the BSP approved the merger...
The local stock market ended a few points down as investors started to take profits after US Federal Reserve officials cooled down rate cut expectations. The main index shed 2.94 points or 0.05 percent to close at 6,475.50 as sectoral indices were evenly split. A total of 602 million shares changed...
Citicore Renewable Energy Corporation is planning to sell up to P12.94 billion of its shares through a planned initial public offering (IPO) in March next year to fund its capital expenditures and pipeline development. In its preliminary prospectus filed with the Securities and Exchange Commission...
Ayala Corporation treats more than a hundred children from the most vulnerable communities in Metro Manila to a free tour at Ayala Museum Ayala Corporation, in coordination with Ayala Foundation and Virlanie Foundation, hosted a free tour at Ayala Museum, where more than a hundred children from...
Motorists filling up their vehicles with diesel will experience very slight pinch in their pockets this week, as the price of this commodity will have slight increase of P0.10 per liter, based on the pricing advisories of the oil companies. For gasoline products, there’s no price movement this...
This week, the stock market could still benefit from positive sentiment due to prospects of rate cuts next year although last week’s rally may result in some profit-taking prior to the long Christmas weekend. “The policy easing prospects of the Federal Reserve may still provide support to the...
Okada Manila is expecting 2024 to be a better year for the integrated resort and casino on expectation that tourism will be normalized after the Covid crisis is almost over. In an interview, Okada Manila Chief Managing Officer Kenji Sugiyama said, “we still see more opportunity after Covid and...
Filinvest-ENGIE Renewable Energy Enterprise, Inc. (FREE) and Philippine DCS Development Corp. (PDDC) will undertake four sustainable energy projects focused on solar energy and eco-friendly cooling systems. In a statement, FREE and PDDC said the projects will bring a combined 13.68 megawatts (MW)...
The PSEi rose further after the Bangko Sentral kept rates steady, spurring hopes of a long-awaited Santa Claus rally at the bourse. The main index jumped 67.96 points or 1.06 percent to close at 6,478.44 as Conglomerates led the charge but the Property and Mining counters retreated. Volume also a...
ACEN Investments HK Ltd. (ACEN HK) and PT Barito Wind Energy (Barito Wind), two firms specializing in renewable energy, have signed a sale and purchase agreement (SPA) with UPC Renewables Asia Pacific Holdings to acquire wind development assets in Indonesia. In a disclosure to the Philippine...
The local stock market surged after news that the US Federal Reserve will likely cut rates starting next year. The main index shot up by 154.74 points or 2.47 percent to close at 6,410.48 as Conglomerates led the rally although the Services counter lagged behind. Volume rose to 385 million shares...
