The façade of Security Bank’s head office in Ayala Avenue features an installation titled Perfect Harmony—a modernized yin and yang depiction of synergy and collaboration Security Bank Corporation (PSE: SECB), one of the Philippines’ leading universal banks, has been serving retail,...
SM Investments Corporation was recently named as a Hall of Famer in the Corporate Governance category of the Asia Responsible Enterprise Awards (AREA) 2022. In giving the award, AREA recognized SM Investments for “demonstrating transparency and completeness of disclosure and reporting of...
Bloomberry Resorts Corporation, owner of Solaire Resort & Casino and Jeju Sun Hotel & Casino, reported a turnaround with an unaudited consolidated net income of P2.5 billion in the first six months of 2022 from its net loss of P1.9 billion in the same period last year. In a disclosure to...
The Securities and Exchange Commission (SEC) has made permanent its order stopping AlphanetWorld Corporation, which has been doing business under the name NWorld, from soliciting investments from the public without the necessary license. In a resolution, the Commission En Banc denied for lack of...
From left: Mark Brian Nicdao, Corporate Assurance Manager of Pilipinas Shell; Lorelie Quiambao-Osial, President and CEO of Pilipinas Shell; Michael C. Gallego, Partner & Advisory Practice Leader and Head of Knowledge Management, Punongbayan & Araullo; Chrissie Soriano, Corporate Assurance...
MREIT, Inc., the real estate investment trust of top office landlord Megaworld Corporation, reported a distributable income of P638 million for the second quarter of 2022 sustaining its strong performance in the previous quarter. In a statement, the firm said it also closed the second quarter of...
The local stock market may cautiously try to move further up this week on the back of good corporate earnings reports and after breaching its resistance level but investors will also get cues from the release of GDP and employment figures. “Last week, the local market was able to get past its...
Food and beverage firm RFM Corporation reported that its earnings were flat at P688 million for the first half of the year due to lower profits in the second quarter of 2022. In a disclosure to the Philippine Stock Exchange, RFM said its net income dipped 4 percent in the second quarter of the year...
The local stock market fell after the government announced a higher-than-expected rise in the consumer price index. The main index lost 77.61 points or 1.2 percent to close at 6,405.50 with the Property sector leading the decline across the board. Volume jumped to 712 million shares worth P12.71...
The Securities and Exchange Commission (SEC) has approved the P30 billion debt securities program of Robinsons Land Corporation, which looks to raise as much P15 billion from the initial tranche. The Commission En Banc resolved to render effective the registration statement of Robinsons Land...
SM Prime Holdings, Inc. (SM Prime), one of the leading property developers in Southeast Asia, has secured a long-term deal with Aboitiz Power Corporation for Cleanergy supply. In a statement, SM Prime said the deal paves the way in achieving its goal of increasing its renewable energy portfolio to...
Diversified conglomerate San Miguel Corporation reported a 33 percent drop in consolidated net income to P19.8 billion in the first semester of 2022 from the P29.6 billion registered in the same period last year. In a statement, SMC noted the lingering effects of the pandemic, supply chain...
