The PSEi rose after a brief respite yesterday on the back of foreign buying in blue chips. The main index added 26.41 points or 0.41 percent to close at 6,429.65 as sectoral indices were evenly mixed. Volume declined to 525 million shares worth P5.39 billion as losers beat gainers 117 to 78 with 41...
SM Investments Corporation has been recognized among Forbes’ sixth annual "World’s Best Employers" published in October in partnership with market research company Statista. Forbes and Statista selected the World’s Best Employers 2022 based on independent surveys of roughly 150,000 employees...
Diversified conglomerate San Miguel Corporation (SMC) is ramping up its efforts that will ensure sustainable livelihood and business opportunities for close to 500 families living in Bulakan, Bulacan. In a statement, the firm said it has launched a livelihood center and formally established a...
In response to growing demand in the Visayas, Robinsons Land Corporation (RLC), one of the country’s leading property developers, is topping off the second office tower in its Pavia complex in Iloilo while breaking ground for the third tower at the same time. “We have just completed the...
The Philippine Stock Exchange, Inc. (PSE) has approved the P3.22 billion initial public offering (IPO) application of Premiere Island Power REIT Corporation, the power and infrastructure real estate investment trust of the Villars’ Prime Asset Ventures, Inc. Premiere REIT is a REIT sponsored by...
The local stock market started the week with some profit-taking as investors wait for economic news from the US. The main index shed 34.14 points or 0.53 percent to close at 6,403.24, dragged down by the Property and Holding Firms counters while all other sectors actually advanced. Volume improved...
Township developer Megaworld Corporation is building a new P20-billion integrated lifestyle community beside the historic Chinatown in the City of Manila. In a disclosure to the Philippine Stock Exchange, the firm said the project will be located on a property within the San Lazaro Tourism and...
With the third quarter earnings season over, the local stock market is seen to shift focus on prospects of listed firms in 2023 as well as revert its attention to cues on how aggressively the US Federal Reserve and the Bangko Sentral ng Pilipinas will be raising interest rates. “While the strong...
The local stock market ended the week higher after the Bangko Sentral raised policy by 75 basis points as expected. The PSEi rose 33.64 points or 0.52 percent to close at 6,437.38 with Banks leading the advance. Volume was lower at 570 million shares worth P5.33 billion as gainers outnumbered...
PHINMA Corporation’s consolidated net income declined 12 percent to P1.27 billion in the first three quarters of 2022 from the P1.45 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said the performance was primarily due to higher costs...
The Securities and Exchange Commission (SEC) has approved the bond offerings of San Miguel Corporation (SMC) and Aboitiz Equity Ventures, Inc. (AEV) that will raise up to P90 billion for the two firms. The Commission En Banc resolved to render effective the registration statement of SMC for up to...
The local stock market managed to end in the green after seeing some losses earlier in the session as investors wait for the result of the Bangko Sentral policy meeting. The main index added 11.65 points or 0.18 percent to close at 6,403.74 with sectoral indices again evenly mixed. Volume was...
