Rizal Commercial Banking Corporation reported a 71 percent surge in net income to P12.1 billion last year, supported by the double-digit increase in core business income. In a disclosure to the Philippine Stock Exchange, the bank said its fee income also showed marked improvement of 19 percent from...
The local stock market rose further as more firms report positive performances for the first half of the year. The main index expanded by 67.78 points or 1.07 percent to close at 6,430.08 although sectoral indices were evenly mixed with Conglomerates leading the advance while Miners lost the most....
SM Investments Corporation (SMIC) reported a 27 percent jump in consolidated net income to P25.5 billion in the first half of 2022 from the P20.1 billion it earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said consolidated revenues rose 23 percent to...
The local stock market bounced after sliding for three days as investors started looking for bargains. The main index rose by 56.84 points or 0.84 percent to close at 6,800.96 as Banks led the advance although the Services sector lagged behind. However, volume remained anemic at 611 million shares...
The Pasig City local government and the Robinsons Land Corporation (RLC) signed a memorandum of agreement (MOA) on Monday, Feb. 20, for the expansion of its business one-stop shop (BOSS) services. Among the signatories were Pasig City Mayor Vico Sotto, RLC Executive President Faraday Go, RLC VP for...
The local stock market continued to weaken as investors wait for the Federal Reserve’s meeting on Thursday. The main index dropped 34.90 points or 0.52 percent to close at 6,744.12 as the Mining and Oil sector led all indices lower. Volume shrank to 483 million shares worth P3.3 billion as losers...
SM Prime Holdings Inc., one of the leading integrated property developers in Southeast Asia, reported a 38 percent growth in consolidated net income to P30.1 billion last year from P21.8 billion in 2021. In a disclosure to the Philippine Stock Exchange, the firm said the improvement is supported by...
The local stock market is seen to have a downward bias as investors continue to fret over the impact of high inflation and rising interest rates although there may be a bit of bargain hunting that may be spurred by positive earnings reports. “The local market has already been declining for four...
The local stock market fell below the 6,800 support level on renewed concerns over inflation and interest rates. The main index lost 36.89 points or 0.54 percent to close at 6,779.02 as the Property sector led the retreat although the Services and Mining counters managed to advance. Volume was low...
Nickel Asia Corporation has bagged the right to be the exclusive mining service contractor for two properties in Davao Oriental that have already been issued Mineral Production Sharing Agreements. In a disclosure to the Philippine Stock Exchange, Nickel Asia said Hallmark Mining Corporation and...
Philippine Health Insurance Corporation (PhilHealth) (MANILA BULLETIN) Officials of the Philippine Health Insurance Corporation (PhilHealth) reassured the public that its financial standing remains strong and that its actuarial life is "here to stay." There is no limit to the lifespan of the state...
The local stock market ended slightly lower after investors sold down shares just before closing. The main index shed 6.18 points or 0.09 percent to close at 6,815.91 witj sectoral indices evenly split. Volume jumped to 1.2 billion shares worth P12.23 billion as losers beat gainers 102 to 80 with...
