The local stock market dipped as investors take profits ahead of the release of economic data here and in the US. The main index declined by 16.71 points or 0.26 percent to close at 6,304.53 as the Property counter led the retreat while the Industrial and Services sectors advanced. Volume...
Publicly-listed renewable power pioneer Alternergy Holdings Corporation (Alternergy) is seeking to raise P12 billion for the construction of two wind power projects it won under the Green Energy Auction 2 (GEA 2) Program in July 2023. In a disclosure to the Philippine Stock Exchange, the firm said...
The pockets of consumers using gasoline products will have a breather this week as the price of this commodity will be on rollback by P2.00 per liter, as announced by the oil companies. Nevertheless, it will be a reverse scenario for diesel products as the price of this fuel will rise at a modest...
San Miguel Corporation (SMC), through its San Miguel Foundation (SMF), has unveiled the latest and largest addition to its Better World Community Centers to mark its 133rd anniversary. The firm said in a statement that the 3,700 square meter (sqm) facility near the former Smokey Mountain...
Investors in the local stock market will be watching out for the September inflation numbers on Oct. 5 after its strong performance last week. “Despite last week’s rally, the local market remains at attractive levels as its price to earnings ratio as of September 29 is at 13.61 times, below its...
President Marcos is set to receive a list of names on Monday, from which he will handpick six individuals to join the board of the Maharlika Investment Corp. (MIC). A total of 29 candidates have successfully met the qualifications for various positions at the MIC, including the roles of president...
The local stock market ended its six-day rally and finally gave way to profit-taking on the last trading day of the week, month, and end of the third quarter. The main index fell by 64.28 points or 1.01 percent to close at 6,321.24 as the Services sector led the retreat although Miners managed to...
Bloomberry Resorts Corporation, the gaming unit of billionaire Enrique K. Razon Jr., is raising P5.59 billion through a top-up offering of 559 million of its shares to qualified buyers in the Philippines and overseas. In a disclosure to the Philippine Stock Exchange (PSE), the firm said that its...
The PSEi rose again as the removal of Metro Pacific Investments Corp. (MPIC) and Aboitiz Power Corp. (AboitizPower) from the benchmark boosted trading in other stocks although profit taking tapered gains. The main index added 10.84 points or 0.17 percent to close at 6,385.52 although sectoral...
Jollibee Foods Corporation reported that it has recently opened its first drive-thru location in Singapore at the Caltex Jurong Spring station. In a statement, the fastfood giant said this milestone store marks Jollibee’s 20th store in Singapore, as well as the first artificial intelligence or...
After a brief hiatus for health reasons, 62-year-old magnate Fernando Zobel de Ayala has been re-elected as a Board Director of Ayala Corporation—his third re-election into the boards of firms in the Ayala Group after Bank of the Philippine Islands and AC Health. Newly-elected Ayala Corp....
COREnergy Inc., a wholly owned subsidiary of Vivant Energy Corporation, has signed a 20-year Power Supply Agreement with Samal Solar Renewable Energy Corporation (SSREC). In a disclosure to the Philippine Stock Exchange (PSE), Vivant Energy’s parent company Vivant Corporation said SSREC is a...
