Six Philippine firms were included in the list of honored companies in Asia in Institutional Investor’s 2022 Asia (ex-Japan) Executive Team Survey. Based on the poll results published in the Institutional Investor website, the six local firms in the list are D&L Industries Inc., Century...
The PSEi started the week higher in mixed trades as cautious investors picked up bargains. The main index rose 21.26 points or 0.34 percent to close at 6,238.82 although sectoral indices were evenly mixed. A total of 682.6 million shares worth P5.24 billion changed hands as gainers beat losers 98...
Metro Pacific Investments Corporation (MPIC), the country’s leading infrastructure investments company, is acquiring a controlling stake in dairy firm Carmen’s Best Group of the Magsaysay family for P198 million. In a press briefing, MPIC Chairman Manuel V. Pangilinan said they have entered...
Upscale and green property developer Arthaland Corporation is allotting P7.4 billion for capital expenditures this year as it plans to launch two projects with a gross development value of P17.5 billion this year. During the firm’s annual stockholders’ meeting, Arthaland Vice Chairman and...
Despite headwinds buffeting the global economy, the local stock market is seen to benefit from some bargain-hunting as well as window-dressing by fund managers this week. “With already three straight weeks of decline, episodes of bargain hunting may be experienced in (this) week’s trading,”...
Sony and Honda sign joint venture agreement to establish new company A joint venture agreement between Sony Group Corporation (“Sony”) and Honda Motor Co., Ltd. (“Honda”) was recently announced. The alliance is to establish a new company to engage in the sale of high-value-added electric...
Bargain-hunting led the PSEi to end higher as the local bourse rang the bell for the last time in its trading floor. The main index jumped 152.33 points or 2.51 percent to close at 6,216.56 as the Property sector led the rebound although the Mining and Oil counter remained in the red. Volume...
Jollibee Foods Corporation is still optimistic about its growth prospects this year despite new challenges posed by rising costs and disruptions caused by Russia’s invasion of Ukraine. “Over the years, we have been unrelenting in our commitment to create value for both our shareholders and the...
Real estate firm Italpinas Development Corporation (IDC) has forged a partnership with Lanvin Natural Resources Corporation for a P1.8 billion expansion of its residential project in Sto. Tomas, Batangas. In a disclosure to the Philippine Stock Exchange, IDC said it has entered into an...
While the Fujifilm brand is synonymous with photographic films, the company has evolved into a healthcare technology enterprise and now expects its Medical Systems Business to be among the growth drivers for its global target of 2.7 Trillion Japanese Yen (over P1 Trillion) sales by Fiscal Year...
Local share prices fell again as investors worry about a possible global economic recession as well as the weakness of the peso against the dollar. The PSEi dropped 102.77 points or 1.67 percent to close at 6,065.23 as Mining firms and Banks plunged. Volume remained thin at 1.08 billion shares...
EEI Power Corporation (EEIPC), the power utility arm of EEI Corporation, has switched on the 290.16kWp Solar Carport System of Tarlac Medical Center (TMC) in Brgy. San Vicente, Tarlac City. In a disclosure to the Philippine Stock Exchange, EEI said the solar carport system, which is comprised of...
