The local stock market strengthened as investor sentiment got a boost from easing inflation and a delay in the tariff war started by the United States (US) against Canada and Mexico. The main index surged by 98.19 points or 1.6 percent to close at 6,219.96 as miners led the rally across the board....
Senate President Francis “Chiz” Escudero on Thursday, March 6 welcomed the announcement of a joint venture between Nickel Asia Corporation and DMCI Mining Corporation to develop a nickel processing plant in the country. He called the partnership a “monumental stride” in adding...
NAIA's modernization project includes new passenger processing, baggage tracking, and operational systems, all set to be completed by September 2025. Ninoy Aquino International Airport (NAIA) has partnered with Collins Aerospace to address long-standing issues of congestion and outdated...
Davao tycoon Dennis A. Uy’s PH Resorts Group Holdings Inc. still owes Bloomberry Resorts Corp. of Enrique K. Razon Jr. ₱301 million from the ₱1-billion deposit made for the cancelled investment in shelved casino projects in Cebu and Clark. In a disclosure to the Philippine Stock Exchange,...
Erwin G. Pato, Executive Vice President for Treasury, Finance, and Planning at SM Investments SM Investments Corp., the flagship of the Sy family’s SM Group, reported that it continues to strengthen its market leadership with sustained growth across key sectors, including retail, banking,...
Bloomberry's expansion with Solaire North impacted its 2024 financial results, with increased expenses offsetting revenue gains. Razon-led integrated gaming resorts owner Bloomberry Resorts Corp. reported a 72.6 percent drop in consolidated net income to ₱2.6 billion last year from the...
Danish infrastructure fund A.P. Moller Capital is acquiring up to 40 percent of Ayala Corporation subsidiary AC Logistics Holdings Corporation for a yet undetermined amount. In a disclosure to the Philippine Stock Exchange, Ayala said the investment of A.P. Moller, through EMIF II Holding III B.V.,...
Ayala-led ACEN Renewables International Pte. Ltd. (ACRI) and its joint venture with Singapore’s solar platform ib vogt Pte. Ltd. announced that their investments in Malaysian solar photovoltaic (PV) projects are nearing completion. In a disclosure to the Philippine Stock Exchange on...
Local share prices rose as investor sentiment were buoyed by encouraging inflation numbers for February. The PSEi jumped 57.66 points or 0.95 percent to close at 6,121.77, led by the surge in the property index while the services sector dipped. Volume was strong at 588 million shares worth ₱7.35...
A former Ajinomoto Foundation scholar, Dr. Giselle Grace Lim-Co Yu Kang , led the discussion on Transforming Taste and Nutrition: Practical Innovations for Dietetic Practiceat NDAP’s 70th Annual Convention in Manila Hotel The Nutritionist-Dietitians’ Association of the Philippines (NDAP)...
San Miguel Corporation (SMC) Chairman and CEO Ramon S. Ang’s firstborn John Paul L. Ang has been appointed director of Ginebra San Miguel Inc. due to the vacancy left by Francisco S. Alejo III, who resigned last Jan. 31, 2025. Ang is currently a director and the President and Chief Operating...
SM Hotels and Convention Corp. (SMHCC), a unit of Sy-led SM Prime Holdings Inc. (SMPHI), is investing almost ₱15 billion to support its five-year expansion program. In a disclosure to the Philippine Stock Exchange, SM Prime said the expansion includes developing eight new hotels and two...
