The State of the Nation Address, an expected rate hike by the US Federal Reserve, and corporate earnings are seen to influence what is seen to be volatile trading at the local stock market this week. “Next week, we expect the local market to start on cautious trading as investors await the State...
The launch of the Samsung Performing Arts Theater marks the return of live performances There’s a new theater for the performing arts in Metro Manila. Located at the Circuit Makati, the Samsung Performing Arts Theater is a 1,500-seater launched on July 14. It’s a truly impressive theater, built...
The local stock market ended just a bit higher after listless trading as investors wait for catalysts. The main index inched up 7.22 points or 0.12 percent to close at 6,263.39 with sectoral indices evenly mixed. Volume dropped to 604 million shares worth P3.29 billion as losers outpaced gainers 92...
The local stock market dipped due to sobering US and domestic economic data. The main index declined by 18.63 points or 0.30 percent to close at 6,256.17 as the Property sector ked the retreat while Banks and Mining firms bucked the trend. Volume grew to 807 million shares worth P6.09 billion aa...
The local stock market ended slightly lower after trading in the green most of the day. The main index shed 11.44 points or 0.18 percent to close at 6,274.80 as the Mining and Oil counter continued to lead most indices higher while only Property and Holding Firms declined. Volume improved to 733...
Security Banking Corporation (Security Bank) has successfully raised P16 billion from the issuance of Fixed Rate Peso Corporate Bonds due 2024, 16 times the planned P1 billion float. In a disclosure to the Philippine Stock Exchange, Security Bank said the bonds have a yield of 3.7407 percent per...
The Securities and Exchange Commission (SEC) has approved the planned P3.3 billion stock rights offering (SRO) of Solar Philippine Nueva Ecija Corporation (SPNEC), by confirming that the transaction is exempt from registration requirements. In a disclosure to the Philippine Stock Exchange, SPNEC...
NLEX Corporation is currently upgrading the Subic Freeport Expressway (SFEX) to the tune of P105-million. To make the SFEX and its surrounding slopes safer for motorists, the operator is improving the pavement surface, constructing ditches and slope protection, installing guard rails and applying...
Cebu Landmasters Inc., a property developer in the Visayas and Mindanao, is planning to raise up to P8 billion from the initial tranche of its new three-year Shelf Registration program amounting to P15.0 billion. Philippine Rating Services Corporation (PhilRatings) said it has assigned a very...
The local stock market bounced on the back of gains in the US as well as news of another rollback in pump prices. The main index rose 73.52 or 1.19 percent to close at 6,268.78 as the Property index led the advance with a substantial gain while the Services and Mining and Oil counters...
Another Mekeni food product will be available in the US market soon as Mekeni Food Corporation announced that they are bringing their well-loved tocino through Island Pacific Supermarket. Mekeni President, Prudencio Garcia, said that this new development in their world-market journey is a testament...
SL Agritech Corp. plant in Talavera, Nueva Ecija constructed in 2012 Food stability in the Philippines has been a continuing problem that is projected to lead to a food crisis by the end of this year. Recently, the National Economic and Development Authority, mentioned that rising prices in rice...
