Metro Pacific Investments Corporation (MPIC) is now all set for delisting following the high acceptance rate of the management-led tender offer, which mopped up P28.42 billion worth of the firm’s free float shares. In a disclosure to the Philippine Stock Exchange (PSE), GT Capital Holdings Inc....
Acesite (Philippines) Hotel Corporation will be holding its annual meeting of stockholders on October 10, 2023, Tuesday at 10:00 AM at the Ipil Room, 14th Floor Bayview Park Hotel, 1118 Roxas Blvd. corner United Nations Avenue, Ermita Manila. A copy of the official announcement published in...
The local stock benchmark fell below 6,100 to its lowest level in more than a year as investors worry over interest rates amid rising inflation. The main index plunged 76.60 points or 1.25 percent to close at 6,047.97 with the rate-sensitive Property sector leading the retreat...
The Philippine Stock Exchange index (PSEi) ended flat on low volume although the broader market was weak as investors wait for results of the US Federal Reserve and Bangko Sentral ng Pilipinas (BSP) meetings this week. The main index shed 1.77 points or 0.03 percent to close at 6,124.57 with...
ABS-CBN Entertainment, a unit of multi-media giant ABS-CBN Corporation, reported that it has hit a new milestone on YouTube with 45 million subscribers to remain as the most subscribed YouTube channel in all of Southeast Asia. In a statement, the firm said it is the number one YouTube channel in...
With last week’s trading at the stock market swayed by inflation data that gave clues on US interest rate movements, investors this week will get to actually see what the US Federal Reserve will do in reaction to this data. “The policy meetings of the Federal Reserve and the Bangko Sentral ng...
Local share prices fell to its lowest closing since October 26, 2022 as foreign funds sold stocks to rebalance their portfolios in line with changes in the FTSE index. The PSEI dropped 82.06 points or 1.32 percent to close at 6,126.34 as the Property counter suffered the biggest loss among...
Bloomberry Resorts Corporation's Solaire Resort Entertainment City reaped accolades during the IAG Academy Awards on Sept. 14. The resort garnered significant recognition, including winning the much-coveted awards for Best Regional Asia-Pacific Integrated Resort (IR), Outstanding CEO, and...
The local stock market bounced from the previous day’s drop after US inflation figures indicate that the US Federal Reserve may keep rates steady. The main index rose 59.22 points or 0.96 percent to close at 6,208.40 as Conglomerates led the advance across the board. Volume declined to 412...
Megaworld Lifestyle Malls, the retail arm of the country’s leading property developer Megaworld Corporation, bagged two awards at the recently concluded Retail Asia Awards 2023. The firm’s Festive Walk Iloilo was named "Mall of the Year," while Megaworld Lifestyle Malls itself was recognized...
The Bureau of the Treasury said that Land Bank of the Philippines and the Development Bank of the Philippines (DBP) can still invest up to a quarter of their net worth in Maharlika Investment Corp. (MIC). In a recent interview with reporters, National Treasurer Rosalia V. de Leon said the initial...
In its initiative to comply with the Extended Producer Responsibility Act of 2022 (EPR Law), Ajinomoto Philippines Corporation (APC) has entered new partnerships with four Filipino waste management organizations. The food industry giant formalized its commitment to a more sustainable future...
