The local stock market managed to end higher despite weaker US stocks as investors picked up bargains that emerged after Thursday's (Sept. 7) drop in prices. The main index rose by 0.64 percent or by 39.87 points to close at 6,222.94 although sectoral indices were evenly split. Volume was...
Publicly-listed food and beverage company RFM Corporation reported that its President and CEO Jose Ma. A. Concepcion III has bought P45 million worth of the company’s shares. In a disclosure to the Phlippine Stock Exchange (PSE), RFM said Concepcion bought 15 million shares of RFM through his...
China Banking Corporation (China Bank) has rolled out its first generative artificial intelligence (Gen AI) solution, CHIB GPT, to continue its tradition of innovation. In a statement, the bank said CHIB GPT was launched internally to Chinabankers to enhance awareness about Gen AI and...
After a few days of small gains, the local stock market fell below the 6,200 level again as recent releases of economic data renewed concern over US interest rates and the health of major economies. The main index dropped 58.62 points or 0.94 percent to close at 6,183.07 with Conglomerates...
Davao tycoon Dennis A. Uy’s DITO CME Holdings Corporation has raised P2.24 billion through the issuance of shares of a subsidiary to a firm established in the Cayman Islands. In a disclosure to the Philippine Stock Exchange (PSE), DITO CME said its subsidiary DITO Holdings Corporation has issued...
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...
Double Dragon Corporation will be holding its annual meeting of stockholders on September 29, 2023, Friday at 10:30 AM through remote communication via Zoom. A copy of the official announcement published in Manila Bulletin broadsheet is shown below:
For Filipinos living abroad, a visit back home is definitely on the itinerary practically every couple of years. It’s a well-earned break to see relatives, enjoy the weather, and most especially experience the truly unique Filipino flavor of hospitality. But perhaps the best reason to come...
The local stock market improved slightly on some bargain-hunting although sentiment was weighed down by rising oil prices. The main index added 16.69 points or 0.27 percent to close at 6,241.69 as Conglomerates led the advance while the Property and Mining counters declined. Volume stayed low...
The Government Service Insurance System (GSIS) assured that it will not be standing in the way of the planned voluntary delisting of Metro Pacific Investments Corporation (MPIC) as it intends to remain a shareholder of the conglomerate even if it is delisted. In a disclosure, MPIC said it was...
The Sy siblings' SM Investments Corporation (SMIC), one of the Philippines' leading conglomerates, bagged the top spot in two categories in the recently concluded 13th Institutional Investor Corporate Awards by Alpha Southeast Asia magazine. During the event, SMIC was recognized as still the...
Ready to join Maharlika Investment Corp. (MIC)? The Bureau of the Treasury is on the hunt for top-notch managers to lead the country’s sovereign wealth fund. According to the advisory on the Treasury website, nominations and applications for the MIC's Board of Directors are now officially open....
