The local market recovered most of the day’s steep losses as investors continue to fret over the possibility that the Fed will remain aggressive with rate hikes. The main index lost 19.39 points or 0.29 percent to close at 6,589.88 with sectoral indices evenly divided. Volume rose to 798...
Ayala Corporation, the Philippines’ oldest conglomerate, is raising up to P25 billion from the planed issuance of preferred shares. In a disclosure to the Philippine Stock Exchange, the firm said it plans to issue preferred shares with a base amount of P10 billion up to...
The local stock market gained despite some profit-taking as investors wait for the February’s inflation figures. The main index added 15.75 points or 0.24 percent to close at 6,671.12 as the Services sector led the advance while Conglomerates declined. Volume fell to 656 million shares...
The local stock market rose after investor sentiment was boosted by the February inflation report. The main index gained 34.00 points or 0.51 percent to close at 6,705.12 as the Industrial sector led the advance but Conglomerates retreated. Volume improved to 1.82 billion shares worth...
San Miguel Corporation (SMC) reported that its cleanup of the 15-kilometer San Juan River, a main tributary of the Pasig River, is well underway, with over 90,000 metric tons of silt and solid waste already extracted. In a press statement, SMC President and CEO Ramon S. Ang said the effort, which...
Philippine Health Insurance Corporation (PhilHealth)acting president and chief executive officer Emmanuel R. Ledesma, Jr. said that spouses and individuals who would want to avail of permanent contraception measures may do so through PhilHealth coverage. MB file photo “Kaagapay rin po ng...
Belle Corporation, the gaming and upscale real estate unit of the SM Group, more than doubled its consolidated net income last year to P1.71 billion—130 percent higher than the P745 million registered in 2021. In a disclosure to the Philippine Stock Exchange, the firm said its consolidated...
Listed natural resources development firm Nickel Asia Corporation (NAC), through its subsidiaries Rio Tuba Nickel Mining (RTN) and Coral Bay Nickel Corporation (CBNC), recently inaugurated a P42-million Safety and Skill Training Center in Barangay Rio Tuba, Bataraza, Palawan – the first of its...
MacroAsia Corporation, the airline logistics unit of the Lucio Tan Group, has signed a Strategic Cooperation Agreement with Weihai Guangtai Airport Equipment Co. Ltd. which includes the supply of P120 million worth of ground support equipment. In a disclosure to the Philippine Stock Exchange,...
Local share prices were higher but much lower than the day’s peak as investors wait for cues from economic data due in coming days. The main index inched up 15.32 points or 0.23 percent to close at 6,622.45 as Mining firms led the advance while Banks retreated. Volume was steady at 1.36...
China Banking Corporation (China Bank) received the coveted Five Golden Arrow Recognition, the highest corporate governance award given by the Institute of Corporate Directors (ICD) to the country’s top publicly listed companies (PLCs) based on the 2021 ASEAN Corporate Governance Scorecard...
Township developer Megaworld Corporation reported a 7 percent improvement in net income to P15.4 billion last year from P14.4 billion in 2021, boosted by double‐digit revenue growth across all of its business segments. In a disclosure to the Philippine Stock Exchange, the firm said attributable...
