From left: LRMC President and CEO, Juan F. Alfonso, together with Airspeed Group Chairperson, Rosemarie P. Rafael. LRT-1 private operator Light Rail Manila Corporation (LRMC) has officially inked a deal with the Airspeed Group of Companies to activate PopBox in the Philippines and enable the first...
The local stock market regained some lost ground as investors were cheered by higher US stocks after the Fed cited lower consumer prices. The main index rose by 41.82 points or 0.61 percent to close at 6,923.08 as the Mining and Oil sector led the advance while Conglomerates lagged behind. Volume...
Global Ferronickel Holdings Inc. (FNI) is investing P192 million more to acquire an additional 24 percent shareholding in Mariveles Harbor Corporation (MHC) by March 10, 2023. In a disclosure to the Philippine Stock Exchange, FNI said that, after acquiring the additional stake from Seasia Logistics...
Local share prices dropped further after the government announced a higher-than-expected inflation rate for January. The main index lost 55.35 points or 0.80 percent to close at 6,881.26 with the Services sector seeing the biggest drop while Conglomerates and Miners managed to advance. Volume...
Denso Philippines Corporation has started operation of its P60-million hydrophonic smart agri tech farm in Ibaan, Batangas Fresh that seeks to produce high value vegetables and fruits, far from its primary automotive business. The Board of Investments (BOI), which approved Denso’s agriculture...
National Home Mortgage Finance Corporation (NHMFC) has closed its fifth securitization exercise called “BALAI Shelter Compliance ABS” involving total issuance worth around P715.152 million. Securitized is a portion of the socialized housing loan portfolio NHMFC acquired from the Home...
Metro Pacific Investments Corporation (MPIC) is expanding its agriculture business by acquiring a 34.76 percent stake in listed coconut products exporter Axelum Resources Corporation for P5.32 billion. In a disclosure to the Philippine Stock Exchange, Axelum said it has entered into a strategic...
Robinsons Land Corporation’s RL Commercial REIT, Inc. (RCR), the Philippines’ largest real estate investment trust, reported a 162 percent jump in unaudited net income to P4.4 billion last year from P1.68 billion in 2021. In a disclosure to the Philippine Stock Exchange, the firm said the P4.4...
The country is observing National Health Insurance (NHI) Month this February which underlines the important role of social health insurance in every Filipino's life. MB file photo The Philippine Health Insurance Corporation (PhilHealth), being the administrator of the National Health Insurance...
Local share prices fell ahead of the release of the January inflation report and amid concern over further US rate hikes. The main index dropped 90.77 points or 1.29 percent to close at 6,936.61 with the Services sector leasing the retreat across the board. Volume was a hefty 1.24 billion shares...
The local stock market will be steered by the release of corporate earnings and the January inflation report this week as investors look for signs on how the Philippine economy will be faring this year. “This week, investors are expected to take cues from the Philippines’ January consumer price...
The Department of Science and Technology - Philippine Council for Health Research and Development (DOST-PCHRD) is currently working together with the Philippine Health Insurance Corporation (PhilHealth) for a new insurance package benefiting patients suffering from heart disease. MB file photo In a...
