Real estate and spirits tycoon Andrew Tan’s Megaworld Corporation is launching the P1.8 billion Maple Park Residences, its third residential condominium development in its 140-hectare Maple Grove township in General Trias, Cavite. In a disclosure to the Philippine Stock Exchange, the firm said...
The local stock market finally bounced back after US Treasury yields eased and spurred a rally in US bourses. The main index rose by 46.15 points or 0.75 percent to close at 6,225.78 with Banks leading all sectoral indices higher. Volume was still low though, at 415 million shares worth P3.31...
Digital Advantage Corporation, SM Investments Corporation’s subsidiary managing the SM Advantage Card, now has 4,000 partner stores in the conglomerate’s ecosystem of retail businesses nationwide. From left to right: Roberto Claudio Sr., President, Philippine Retailers Association (PRA);...
The local stock market continued to trek downwards on growing pessimism about the growth prospects of the US and Philippine economies. The main index lost 32.76 points or 0.53 percent to close at 6,179.63 percent with Banks dropping the most although sectoral indices were evenly split. Volume...
Davao tycoon Dennis A. Uy’s telecommunications unit Dito CME Holdings Corporation has revealed that the identities of the two buyers of its P2.2 billion shares are two firms that have been recently registered in Singapore. In a disclosure to the Philippine Stock Exchange, the buyer of P610...
The Philippine Health Insurance Corporation (PhilHealth) reminded the public anew regarding its coverage for dengue and leptospirosis given its prevalence during the rainy season. MB file photo PhilHealth made the statement after the Department of Health (DOH) reported more than 80,000 cases...
From left: KD Dizon, Head of Globe Business; Lino Victorioso Jr., Head of Corporate Financial Services Group for Megaworld; and Xav Desmet, Asia Enterprise Sales Head, Zoom. Voice over Internet Protocol (VoIP) technology is becoming the norm for businesses following the move of tech giants...
The battered local stock market continued to drop, this time after US Treasury yields hit a 16-year high. The main index fell by 77.88 points or 1.24 percent to close at 6,212.39 as Conglomerates led the retreat while Banks managed to advance. Volume amounted to 391 million shares worth P4.79...
Jollibee Foods Corporation expects to exceed sales and operating income targets it set for 2023 after its Philippine and overseas numbers hit record levels in the second quarter on the back of a recovery in consumer spending and its continued expansion. In a media briefing, Jollibee Chief Financial...
The Zobels’ Ayala Corporation has sold its indirectly-held 92.45 percent stake in German auto parts maker MT Technologies GmbH (MT) for a nominal price which will result in a loss of €26 million or $28.4 million. In a disclosure to the Philippine Stock Exchange, Ayala said its wholly-owned...
With consumer spending having mostly recovered from the effects of the pandemic, tycoon Manuel B. Villar Jr. is now ready to resume the expansion programs of its two retail chains AllHome Corporation and AllDay Supermarkets. “By next year, we will resume our expansion. We will start with the...
While the local stock market has been on a steady decline - down to its lowest level in nine months -- analysts do not see much relief as investor sentiment has turned bearish due to a confluence of negative factors. “The local market closed last week at 6,290.27, its lowest close since November...
