With health warnings and recalls issued against Lucky Me! products overseas, manufacturer Monde Nissin Corporation said its products comply with local and US food safety standards. In a disclosure to the Philippine Stock Exchange, the firm said “We are aware of information being shared about...
The local stock market succumbed to profit-taking after its strong bounce that started last week. The main index fell 92.69 points or 1.44 percent to close at 6,352.32 as the Industrial sector led all indices in the retreat. Volume dipped to 708 million shares worth P4.69 billion as losers outpaced...
AllHome Corporation, the country’s pioneering full line home center, has recently turned over newly-renovated school facilities to the Camella Elementary School, a public school in Las Piñas. In a disclosure to the Philippine Stock Exchange, AllHome said that, since its inception, it has...
The local stock market continued to rally as investors cheered falling oil prices in the world market. The main index surged 135.02 points or 2.14 percent to close at 6,445.01 as Conglomerates led the advance although the Mining and Oil counter retreated. Volume improved to 915 million shares worth...
Finance Secretary Benjamin E. Diokno said the proposed Bulacan Airport City Special Economic Zone and Freeport had carried substantial fiscal risks to the government. In an interview with ANC on Wednesday, July 6, Diokno affirmed former Finance Secretary Carlos G. Dominguez III’s call to the...
Real estate giant Ayala Land, Inc. (ALI) has raised a total of P33 billion from its largest bond issuance to date and listed these securities at the Philippine Dealing and Exchange Corporation (PDEX). In a disclosure to the Philippine Stock Exchange, the firm said it listed its new fixed-rate bonds...
Moody’s Investors Service affirmed China Banking Corporation’s (China Bank) deposit and issuer credit ratings at Baa2 on the back of its strong capitalization and profitability. In a disclosure to the Philippine Stock Exchange, the bank said the rating is a notch above the minimum investment...
The local stock market jumped after the government announced the June inflation rate. The main index rose 126.37 points or 2.04 percent to close at 6,309.99 as the Property sector led the advance across the board. However, volume stayed thin at 509 million shares worth P3.98 billion as gainers beat...
The Cooperative Development Authority (CDA) and Rizal Commercial Banking Corporation (RCBC) signed a memorandum of understanding to promote digital financial inclusion in the country's cooperative groups. (COOPERATIVE DEVELOPMENT AUTHORITY FACEBOOK) The contract signing was held during the...
The Philippine Stock Exchange index (PSEi) posted a modest gain amid thin trades due to selective bargain hunting in heavyweight stocks. The main index added 18.27 points or 0.30 percent to close at 6,183.62 although sectoral indices were evenly mixed with gains posted mostly by Banks. Volume...
San Miguel Corporation (SMC) President and Chief Executive Officer Ramon S. Ang said that if all the issues raised in President Ferdinand Marcos Jr.'s veto could be addressed, the full potential of the Bulacan Airport Economic Zone to generate over $200 billion in export revenues annually, could...
Security Bank Corporation is raising up to P1 billion through an offering of fixed rate bonds due in 2024 with an oversubscription option. In a disclosure to the Philippine Stock Exchange, the bank said the bonds will have a tenor of 1.5 years and will be marketed at a fixed rate of 3.7407 percent...
