The SM Group of companies bagged six trophies during the ASEAN Corporate Governance Scorecard (ACGS) Awards which was hosted by the Institute of Corporate Directors Philippines. In statement, the group said SM Investments Corporation, SM Prime Holdings Inc., BDO Unibank Inc., China Banking...
The decision of the Supreme Court to void the 2005 Tripartite Agreement for Joint Marine Seismic Undertaking (JMSU) among China National Offshore Oil Corporation (CNOOC), Vietnam Oil and Gas Corporation (PETROVIETNAM), and the Philippine National Oil Company (PNOC) is a welcome development. The...
Township developer Megaworld Corporation is building its first hotel property in Palawan which it aims to open in five years or in 2028. In a disclosure to the Philippine Stock Exchange, the firm said its 10-storey Savoy Palawan will offer 306 guest rooms and suites in varied layouts in the...
The local stock market surged on the back of gains in US share prices amid hopes of easing inflation. The main index jumped 124.19 points or 1.85 percent to close at 6,833.53 with the Property sector leading the rally while the Mining and Oil counter lagged behind. Volume rose to 1.42 billion...
San Miguel Corporation’s (SMC) Luzon Clean Water Development Corporation (LCWDC) will make available potable and affordable water from the Angat reservoir to more than 350,000 households in Bulacan by early 2025. In a statement, SMC said this comes as it starts implementation of Stage 3A of the...
Local share prices weakened for the second day as US and Philippine monetary authorities are expected to raise interest rates soon. The main index lost 47.35 points or 0.70 percent to close at 6,709.34 with Banks and Property leading the retreat although Industrials and Miners managed to advance. A...
Universal Robina Corporation (URC) reported that its subsidiary URC Vietnam has been named as one of Vietnam’s top sustainable enterprises for the fourth consecutive year. In a statement, the Gokongwei food and beverage unit said URC Vietnam was among the TOP 100 Sustainable Development...
Megawide Construction Corporation is planning to raise P1.5 billion from the issuance of a new series of preferred shares to fund the redemption of a previously issued series of preferred shares. In a disclosure to the Philippine Stock Exchange, the firm said it has filed with the Securities and...
The local stock market declined as investors took profit following mostly weaker US bourses prior to the release of inflation data. The main index dropped 33.55 points or 0.49 percent to close at 6,756.69 with only the Services sector managing to stay in the green. Volume jumped to 2.51 billion...
Filinvest REIT Corporation (FILRT), the real estate investment trust sponsored by Filinvest Land Inc., is planning to expand its asset portfolio by 64 percent or by 64,417 square meters in gross leasable area over the next three years. In a disclosure to the Philippine Stock Exchange, the firm said...
Philippine Health Insurance Corporation (PhilHealth) (MANILA BULLETIN) Health facilities can still file their application for renewal of accreditation with the Philippine Health Insurance Corporation (PhilHealth) until the end of this month. "Please be informed that PhilHealth will extend the...
The local stock market resumed its upward trek after a brief respite last Friday, as investor sentiment was boosted by upbeat overseas markets. The main index jumped 122.27 points or 1.83 percent to close at 6,790.24 as Miners and Banks led all sectors in the rally. Volume was also firmer at 2.46...
