SM Investments Corporation (SM Investments), the Sy family’s flagship and one of the leading conglomerates in the Philippines, won a Stevie at the 20th Annual International Business Awards. In a statement, the firm said it bagged the Stevie Award as Bronze Winner for the Best Annual Report –...
The "man’s world reverie" equated to the energy sector is eroding, but Maria Cristina Consunji-Gotianun, President and COO of Semirara Mining and Power Corporation (SMPC) is adding a formidable femme force to that shifting narrative. Gotianun has successfully conquered the corporate...
The drop in US stock prices continued to weigh on local investor sentiment, pushing the PSEi below the 6,300 level as the trading week ended. The main index lost 74.70 points or 1.17 percent to close at 6,290.27 as Banks led the retreat while the Mining and Oil counter bucked the trend. Volume...
Davao tycoon Dennis A. Uy’s telecommunications unit Dito CME Holdings Corporation has sold P2.2 billion worth of its new unlisted shares equivalent to 13.55 percent of its expanded capital, but did not reveal the identity of the buyers. In two disclosures to the Philippine Stock Exchange, Dito...
PH1 World Developers, the newly-acquired real estate subsidiary of Megawide Construction Corporation, is launching two projects worth P3.5 billion this year as it diversifies into the horizontal residential space. In a press briefing, PH1 World Developers President Gigi G. Alcantara said they have...
The local stock market weakened again after sentiment was dampened by statements made by the US Federal Reserve. The main index dropped 45.12 points or 0.70 percent to close at 6,364.97 as Conglomerates led the decline with only the Services counter managing to hold its ground. Volume...
Waste and Resources Management Inc. (WARM), a wholly-owned subsidiary of Ayala Corporation's AC Logistics Holdings Corp., and CEMEX Philippines have teamed up to develop, construct, operate, and maintain waste management facilities and solutions around the country. In a statement, Ayala Corporation...
Senator Francis Tolentino has sought the modernization of the five-decade old Philippine Aerospace Development Corporation (PADC) that supposedly aims to establish a reliable aviation and aerospace industry in the country. Tolentino, vice chairman of the Senate Committee on National Defense...
Aboitiz Equity Ventures’ (AEV) planned issuance of up to P17.45 billion worth of bonds has been given the highest ratings of PRS Aaa with a Stable Outlook by Philippine Rating Services Corporation (PhilRatings). In a statement, the ratings agency said AEV is planning a bond issue amounting...
The local stock market finally made a stronger bounce as funds picked up cheaper blue chips late in the session. The main index rose by 74.18 points or 1.17 percent to close at 6,410.09 as the Mining and Oil sector led the advance although Banks lagged behind. Volume dropped to 385 million...
Late buying nudged up the Philippine Stock Exchange (PSE) benchmark index as investors picked up bargains following steep losses in past days. The main index inched up by 6.72 points or 0.11 percent to close at 6,335.91 as the Services sector did the heavy lifting while the Industrial and Mining...
A growing number of homeowners furnishing their condominium units boosted the second quarter earnings of the Villar Group’s pioneering one-stop full-line home retailer AllHome—an impressive reversal of its first quarter 2023 performance. After trending downward in the first quarter of the...
