Local share prices eased as weakness in US bourses weighed down investor sentiment. The main index shed 32.85 points or 0.46 percent to close at 7,062.01 as Banks led the retreat while the Mining and Services counters moved up. Volume was slightly lower at 1.87 billion shares worth P7.03 billion as...
ABS-CBN Corporation, the Philippines' leading content provider, announced that it is bringing two more of its top programs to international audiences. In a statement, the firm said "Mars Ravelo's Darna" is now airing in Indonesia and "Viral Scandal" is now being shown in Africa. The modern-day...
The local stock market bounced back, gaining more strength in late trades on the back of growing optimism about the Philippine economy. The main index rose 80.82 points or 1.15 percent to close at 7,094.86 as the Services sector led the advance. Volume was lower though at 991 million shares worth...
The PSEi slipped due to profit taking after its recent runup but managed to stay above the 7,000 mark. The main index shed 31.44 points or 0.45 percent to close at 7,014.04 with the Industrial sector leading theretreat while the Property and Services counters managed to advance. Volume remained...
Publicly-listed Century Peak Holdings Corporation (CPM) reported that subsidiary Century Peak Cement Manufacturing Corporation (CPCMC), the country’s newest cement producer, has been granted quality standard certification for its cement products. In a disclosure to the Philippine Stock Exchange...
Nickel Asia Corporation is investing an additional P2.92 billion in Emerging Power, Inc. (EPI) to raise its stake in its renewable energy subsidiary to 95.8 percent. In a disclosure to the Philippine Stock Exchange, the firm said its Board of Directors has approved the planned investment which will...
The local stock market breezed past the 7,000 resistance level as foreign funds bought Philippine shares on expectations of milder US rate hikes. The main index rose 93.94 points or 1.35 percent to close at 7,045.48, after breaching 7,100 intraday, as Banks led the rally while the Services and...
A sea vessel that was supposed to transport mineral ore from Sta. Cruz, Zambales to China has been ordered to stop its operations due to alleged violations of environmental laws. Photo: Philippine Coast Guard / PCG The Philippine Coast Guard (PCG) said Monday, Jan. 16, that its Task Force Aduana...
The local stock market is turning bullish in light of last week’s rally although there may be some profit-taking this week while investors are wait for economic data such as remittances and the balance of payment. “The local bourse sustained its upward momentum last week, getting past its 6,800...
The Securities and Exchange Commission has approved the planned P5.43 billion initial public offering of Upson International Corporation (Upson), the country’s leading retailer of personal computers (PCs) and information technology (IT) products. In a statement, the firm said the SEC approved...
The local stock market rallied to close the week on a stronger note after news that the US inflation rate eased last month. The main index surged 118.01 points or 1.73 percent to close at 6,951.54 with Banks leading the charge across the board. Volume rose to 1.63 billion shares worth P9.24 billion...
Metro Pacific Investments Corporation’s possible voluntary delisting from the Philippine Stock Exchange is among the options being discussed by the firm’s board of directors due to the low market price of its shares. In a disclosure to the bourse, MPIC said it “discusses several options...
