The local stock market is off to a good start as investors begin the 2023 with renewed optimism. The main index rose 19.62 points or 0.30 percent to close at 6,586.01 as the Mining and Oil sector led the advance while Banks and Property firms lagged behind. Volume remained thin at 2.06 billion...
Solar Philippines is preparing for the conversion of over 3,000 hectares in Nueva Ecija and Bulacan into industrial land this year after securing off-take agreements for its projects in 2022. In a disclosure to the Philippine Stock Exchange, SP New Energy Corporation (SPNEC) said it has already...
The suspension of the premium contribution increase for the year 2023 was welcomed by the Department of Health (DOH) and the Philippine Health Insurance Corporation (PhilHealth) on Monday evening, Jan. 2. (Department of Health) Both agencies, as stated in its joint statement issued on Monday, are...
The Securities and Exchange Commission is asking the public to stop investing in the scheme being offered by Ground Zero Poultry Agricultural Corporation and its representatives as this has the characteristics of a Ponzi scam. Based on reports and information gathered by the Commission, individuals...
The new trading year is seen to start with its traditional burst of optimism but whether this will be sustained will depend on domestic and global economic developments starting with the Philippines’ December 2022 inflation report this week. “In the last 5 years, from the previous year’s...
Ayala Corporation received the highest rating, among Philippine conglomerates, from UK-based Carbon Disclosure Project (CDP)—the world’s largest, most comprehensive dataset on environmental action. In a statement, Ayala said it received a B rating this year, higher than the Asia regional...
Philippine Health Insurance Corporation (PhilHealth) (MANILA BULLETIN) The Philippine Health Insurance Corporation (PhilHealth) on Thursday, Dec. 29, maintained that the handling of its funds is being done in a “prudent” manner. “We assure the public that PhilHealth is prudent in...
IWI Container Terminal Holdings, Inc. (IWICTHI), a wholly owned subsidiary of ICTSI, disclosed to the Philippine Stock Exchange that it acquired Murubeni Corporation’s 20 percent share in Bauan International Port Inc. (BIPI) for P507.407 million. The company entered into a Share Purchase...
This week, trading at the local stock market, is seen to be anemic as a lot of investors are already enjoying the holidays while wary of prospects of the global economy in 2023. “For the last week of this year, a shortened one, we may see the local market move sideways as investors look forward...
Arthaland Corporation, the foremost sustainable real estate developer in the Philippines, has listed its P3 billion ASEAN Green Bonds on the Philippine Dealing and Exchange. The bonds were issued in two tenors – 5 years at 8.0 percent per annum and 7 years at 8.7557 percent per annum...
CBS China Bank Savings, the retail lending arm of China Banking Corporation, is now one of the few Philippine thrift banks that boast of a digital on boarding app. This comes after the bank rolled out CBS GO, its mobile app to boost financial inclusion and speed up the shift to a cash-lite economy....
Share prices declined before the long Christmas weekend as US markets weakened on continued worries over rates and recession. The main index shed 35.91 points or 0.55 percent to close at 6,541.03 Friday, Dec. 23, as Conglomerates led the retreat while the Industrial and Services sectors managed to...
